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COIN

USDCUSD

Coinbase Global Inc (NASDAQ:COIN) has integrated a new messaging feature into its Wallet, in partnership with XMTP, an open protocol and network for secure Web3 messaging. The feature combines messaging and payments, eliminating the need for separate apps. It offers end-to-end encryption and allows users to directly message any .eth, .cb.id, or .lens address, make offers on NFTs directly through their wallets, engage with their communities and send payments across thousands of coins, including gas-free USD Coin (CRYPTO: USDC).

Portfolio Pulse from Murtuza Merchant

July 12, 2023 | 6:57 pm

BYND

Beyond Meat has announced that it is expanding the distribution of Beyond Steak to nearly 14,000 stores nationwide.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:51 pm

META

Citi analyst Ronald Josey reiterated a Buy rating on Meta Platforms Inc (NASDAQ:META) with a price target of $360, citing growth driven by AI Content Discovery, Reels, and innovative ads. Credit Suisse analyst Ross Sandler also has an Overweight rating with a $320 price target on the stock. Both analysts see potential for new stand-alone apps and improved profitability in the future.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 6:25 pm

CRM

Salesforce, Inc (NYSE:CRM) announced a price increase for many Clouds effective August 2023, marking its first price hike in seven years. The average list price increase is about 9% for the impacted products. Analysts from BMO Capital, Mizuho, Needham, and B of A Securities maintain Salesforce with an Outperform or Buy rating, raising the price targets. The price increase is expected to support growth in FY25 and provide margin leverage.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 6:21 pm

F

Ford Motor Co. is planning to negotiate with the United Auto Workers (UAW) union for more flexible electric vehicle (EV) production, according to Bloomberg. The automaker is looking to adapt its production lines to accommodate both EVs and internal combustion engine vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:16 pm

GOOG

GOOGL

NFTG

Google Play has updated its policy to allow tokenized digital assets, including NFTs, in apps and games. This change could potentially increase the usage and popularity of NFTs.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:14 pm

DOGEUSD

EBAY

TSLA

Elon Musk's 'Burnt Hair' perfume, a product of The Boring Company, began shipping this week. The perfume, which sold out within 48 hours of its release in October 2022, is now being resold on eBay for between $130 and $200 per bottle, with some going for as high as $300. This represents a 50% return in just nine months, outperforming Tesla's stock, which would have given a return of approximately 21% to 27% if bought on the same day the perfume was released.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 6:08 pm

EFTR

eFFECTOR Therapeutics has received a decision to grant a European patent for 'EIF4-A-INHIBITING COMPOUNDS AND METHODS RELATED THERETO (FOR TREATING CONDITIONS SUCH AS CANCER)'.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:07 pm

MSFT

PANW

Palo Alto Networks, Inc. (NASDAQ:PANW) shares dropped amid competition concerns from Microsoft (NASDAQ:MSFT) due to the launch of Microsoft Entra Internet Access and Microsoft Entra Private Access. These products are part of Microsoft's expansion into identity and access protection. Despite this, Northland Capital Markets analyst Nehal Chokshi maintained an Outperform rating for PANW and raised the price target from $246 to $305.

Portfolio Pulse from Ryan Gustafson

July 12, 2023 | 5:47 pm

BYND

Beyond Meat announced that its Beyond Steak product is expanding distribution to multiple chains, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:44 pm