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The movies 'Barbie' and 'Oppenheimer' set box office records over the weekend, with 'Barbie' grossing $155 million domestically and 'Oppenheimer' grossing $81 million. 'Barbie' was released by Warner Bros. Discovery and Mattel Inc, while 'Oppenheimer' was released by Comcast Corp's Universal unit. The strong performance of both movies could impact the stocks of Warner Bros. Discovery, Mattel Inc, Comcast Corp, and Imax Corporation, which played 'Oppenheimer' on its screens. AMC Entertainment Holdings and Cinemark Holdings also reported strong results following the weekend.

Portfolio Pulse from Chris Katje

July 24, 2023 | 6:48 pm

OB

Needham analyst Laura Martin reiterated a Buy rating on Outbrain Inc. (NASDAQ:OB), raising the price target to $6.50 from $5.50. Martin projects a larger total addressable market for Outbrain, banking on the new Onyx platform. The Onyx platform is expected to attract new clients and command a premium revenue share. For Q2, the analyst expects revenues of $55 million. For FY23, Martin projects OB's revenues to grow 0.9% Y/Y to $237 million, with an EPS loss of ($0.18). FY24 revenues are projected to grow 15.6% to $274 million, with EPS of $0.03.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 6:22 pm

DIS

Disney is considering delaying some of its 2023 movie releases due to ongoing strikes. This could potentially impact the company's revenue and stock performance.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 5:38 pm

VZ

Verizon Communications has announced plans to increase the cost of its wireless internet service by $10 per month, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 4:59 pm

GRIL

Muscle Maker Inc's subsidiary, Sadot LLC, has crossed the $500 million total revenue milestone, with June 2023 revenues exceeding $45.7 million. This is the eighth consecutive month of top-line revenue surpassing $45 million. An amendment to the service agreement with AGGIA is expected to further improve the company's financial reporting. Muscle Maker's shares are trading 7.4% higher.

Portfolio Pulse from Shivani Kumaresan

July 24, 2023 | 2:52 pm

LIVE

Live Ventures Inc (NASDAQ:LIVE) has acquired Precision Metal Works for $28 million, comprising $25 million cash and up to $3 million in an earn-out. The acquisition is expected to be immediately accretive to earnings and add $75 million to the annual revenue stream. Live Ventures will retain PMW's existing management team and all its employees.

Portfolio Pulse from Akanksha Bakshi

July 24, 2023 | 2:43 pm

JAGX

Jaguar Health's subsidiary, Napo Pharmaceuticals, has been awarded a five-year contract by the Veterans Affairs Federal Supply Schedule. The contract will likely increase the company's revenue and visibility in the healthcare sector.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 2:14 pm

IMAX

IMAX Corporation (NYSE:IMAX) recorded a significant $35 million at the global box office from the release of Christopher Nolan's 'Oppenheimer' on 740 screens worldwide, marking one of the company's biggest weekends. In North America, the film opened to $21.1 million, with IMAX accounting for 26.2% of the domestic box office from 411 screens. The company's shares are trading higher by 5.24% at $17.27.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 1:48 pm

GOOG

GOOGL

IAC

NWSA

NYT

IAC Inc, New York Times Co, News Corp, and other publishers are forming a coalition to address concerns about AI platforms, considering a lawsuit and legislative action. The coalition is discussing a possible settlement where AI companies would pay for publishers' training data access. However, there is disagreement on the payout amount, with publishers believing it should be in the billions of dollars. Google and other tech companies claim they are yet to figure out a viable business model for AI due to high costs.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 1:19 pm

GRIL

Muscle Maker, a fast-casual food chain, has reported its revenue for June 2023 to be over $45.7 million.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 1:05 pm