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The Global X Dow 30 Covered Call ETF (DJIA) has shown a winning streak for 13 consecutive days, similar to pre-crash streaks of the past. The DJIA is leading other indexes during this streak, despite not containing all of the 'magnificent seven' stocks that have led the rally, including Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Strong economic data has been released, including Q2 GDP-Adv at 2.4% vs. 1.6% consensus, and initial jobless claims at 221K vs. 233K consensus. The European Central Bank has increased interest rates by 25 basis points.

Portfolio Pulse from The Arora Report

July 27, 2023 | 2:09 pm

KBE

KRE

XLF

The eight largest U.S. banks are facing a 19% increase in capital requirements, according to Bloomberg. This could potentially impact their profitability and lending capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 2:04 pm

AMZN

Amazon Technologies has filed a U.S. patent application #20230237980 for a hands-on artificial intelligence education service. This move could potentially expand Amazon's offerings in the education sector.

Portfolio Pulse from Charles Gross

July 27, 2023 | 1:56 pm

URGN

UroGen Pharma announced positive topline data from Phase 3 trials ATLAS and ENVISION studying UGN-102 for intravesical solution in patients with low-grade, intermediate-risk non-muscle invasive bladder cancer. Both trials met primary endpoints, with ATLAS showing a 55% reduction of risk for recurrence, progression or death in patients who received UGN-102, and ENVISION showing a complete response rate of 79.2% at 3 months.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 1:54 pm

TSLA

Tesla has filed a U.S. patent application #20230237331 for neural networks for embedded devices. This indicates the company's ongoing efforts to improve its technology and maintain its competitive edge in the electric vehicle market.

Portfolio Pulse from Charles Gross

July 27, 2023 | 1:46 pm

T

VZ

The U.S. Environmental Protection Agency (EPA) has sent letters to Verizon Communications Inc. (VZ) and AT&T Inc. (T) requiring them to provide information relevant to its review of lead-cable.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 1:36 pm

FXI

SPY

China's Special Envoy for Climate has held video talks with U.S. counterpart John Kerry, according to China's Environment Minister. The article does not provide further details about the discussion.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 1:33 pm

AMZN

EIDO

FXI

GOOG

GOOGL

META

SNAP

TikTok has decided not to launch cross-border e-commerce services in Indonesia due to regulatory concerns. This decision may affect the competitive landscape of e-commerce in the region.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 1:27 pm

META

MSFT

TWTR

Elon Musk's rebranding of Twitter to 'X' could face legal challenges due to existing trademarks held by other companies, including Meta Platforms and Microsoft. Trademark attorney Josh Gerben estimates that the company could spend over $100 million in legal fees and settlement costs. Meta Platforms and Microsoft Corporation are among the companies that have intellectual property rights over the letter X. The X stock symbol belongs to United States Steel Corporation.

Portfolio Pulse from Chris Katje

July 27, 2023 | 12:58 pm

FEMY

Femasys Inc. (NASDAQ:FEMY) has received a Notice of Allowance from the US Patent and Trademark Office for its FemBloc permanent birth control product. The patent, when issued, is expected to expire in 2039. The company plans to continue to prosecute additional patent applications to further enhance its existing patent portfolio.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 12:46 pm