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U.S. stocks showed positive momentum with the Nasdaq Composite, Dow Jones Industrial Average, and S&P 500 index all rising. Oracle's stock increased by 0.31% with a first-quarter revenue of $12.45 billion, marking a 9% YoY growth. Tesla's stock surged by 10.09% with Morgan Stanley analyst Adam Jonas highlighting Tesla’s custom supercomputer, Dojo, as a potential game-changer. Novavax's stock declined by 12.88% as it awaits FDA approval for its COVID-19 vaccine. DraftKings' stock dipped by 0.19% following criticism for a “Never Forget” parlay promotion. Pfizer's stock declined by 0.91% as recent data indicates a rise in Pfizer’s short percent of float.

Portfolio Pulse from Benzinga Neuro

September 12, 2023 | 2:26 am

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Bill Gates reportedly admitted that Elon Musk was 'super mean' to him after he shorted Tesla Inc. (NASDAQ:TSLA) stock, resulting in a $1.5 billion loss. Musk accused Gates of betting on Tesla's failure during a vulnerable period and suggested that Gates might still hold a 'massive bet' against Tesla.

Portfolio Pulse from Ananya Gairola

September 12, 2023 | 1:57 am

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The Senate Banking Committee has confirmed that the cannabis banking bill will not be voted on next week, despite previous indications. The Secure and Fair Enforcement (SAFE) Banking Act is still expected to move forward, but the timeline remains uncertain. Meanwhile, cannabis stocks like Canopy Growth, Curaleaf Holdings, Tilray Brands, Cresco Labs, Green Thumb Industries, and Trulieve rallied following the news.

Portfolio Pulse from Maureen Meehan

September 12, 2023 | 1:33 am

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The 2023 NFL season opener between the Detroit Lions and Kansas City Chiefs saw strong viewership figures, with nearly 27 million viewers tuning in on NBC and Peacock, both units of Comcast Corporation (NASDAQ:CMCSA). The game was also streamed on Amazon Prime Video, a unit of Amazon.com, Inc. (NASDAQ:AMZN). The high viewership could be a positive for other media companies such as Walt Disney Co (NYSE:DIS), Fox Corp. (NASDAQ:FOX)(NASDAQ:FOXA) and Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) that have rights to 2023 NFL games. Additionally, sportsbooks like DraftKings Inc (NASDAQ:DKNG) and BetMGM, a joint venture from MGM Resorts International (NYSE:MGM) and Entain, saw significant betting activity on the game.

Portfolio Pulse from Chris Katje

September 11, 2023 | 11:32 pm

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The Department of Health and Human Services (HHS) has recommended the DEA to consider reclassifying cannabis from its Schedule I status to Schedule III. This has led to a surge in the valuation of 14 major U.S. cannabis cultivation and retail companies, as per a report by Viridian Capital Advisors. The report also highlighted the impact on agricultural technology companies due to their relationship with the cannabis industry. Trulieve Cannabis Corp (OTCQX:TCNNF) has been significantly affected by the existing regulations.

Portfolio Pulse from Joana Scopel

September 11, 2023 | 9:48 pm

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The global electric vehicle (EV) market share reached 15% in 2023, with a 41% YoY surge in July. Tesla Inc (NASDAQ:TSLA) and BYD (OTC:BYDDF) are among the top players, with Tesla Model Y and BYD Song being the top-selling EVs. Other companies in the top 10 include General Motors (NYSE:GM), Volkswagen (OTC:VWAGY), BMW (OTC:BMWYY), Li Auto (NASDAQ:LI), and Hyundai Motor (OTC:HYMLY). The US lags behind other markets with only 5.8% of all new vehicles sold in 2022 being EVs.

Portfolio Pulse from Chris Katje

September 11, 2023 | 9:40 pm

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In Monday's after-market session, several consumer discretionary stocks saw significant movement. EZGO Technologies, Flanigan'S Enterprises, Elys Game Technology, Lixiang Education Hldg, Cenntro Electric Gr, and Greenlane Hldgs saw gains, while Color Star Tech, a.k.a. Brands Holding, Esports Entertainment, Viomi Technology Co, BARK, and Kaival Brands Innovations experienced losses.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:31 pm

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Healthcare stocks showed significant movement in Monday's after-market session. MoonLake, Renalytix, Jasper Therapeutics, Virpax Pharmaceuticals, Biophytis, and MSP Recovery were the gainers with increases ranging from 7.62% to 18.8%. On the other hand, Sight Sciences, Elutia, Nemaura Medical, Catheter Precision, Aptevo Therapeutics, and Amphastar Pharma saw decreases ranging from 6.57% to 25.0%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:31 pm

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During Monday's after-market session, several industrial stocks experienced significant movement. Matrix Service (MTRX), Quhuo (QH), Shengfeng Development (SFWL), TD Hldgs (GLG), CBAK Energy Tech (CBAT), and ESGL Holdings (ESGL) saw their shares rise, while Earlyworks Co (ELWS), Redwire (RDW), Electriq Power Holdings (ELIQ), Blade Air Mobility (BLDE), Energy Vault Holdings (NRGV), and GD Culture Group (GDC) experienced a decrease in their stock prices.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:31 pm

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During Monday's after-market session, several information technology stocks experienced significant movement. AudioEye, Adeia, Red Cat Hldgs, PFSweb, NOVONIX, and GSE Systems saw their shares rise, while Oracle, Addvantage Technologies, Phunware, Xunlei, 908 Devices, and VirnetX Holding saw their shares fall. Oracle's Q1 earnings were released on the same day.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:31 pm