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ACHR

AMC

NEE

TWLO

Barron's has highlighted several stocks in its weekend review. Twilio Inc (TWLO) received an upgrade due to its AI capabilities. AMC Entertainment Holdings Inc (AMC) saw its stock tumble after a court approved the conversion of preferred equity units into common shares. Boeing Co (BA) and Archer Aviation Inc (ACHR) settled their litigation, with Boeing investing in Archer. Analysts have become bullish on Wayfair Inc (W) following a promising investor presentation. NextEra Energy Inc is seen as a low-risk green play.

Portfolio Pulse from Justin Chan

August 12, 2023 | 9:59 pm

IBB

NVO

Novo Nordisk A/S (NYSE:NVO) reported a 29% increase in first-half sales and a 43% increase in net profit, largely due to a 367% increase in sales of its weight-loss drug Wegovy. Despite these positive results, the stock fell by 2.9% due to strong gains made earlier in the week. Year-to-date, NVO's stock is up over 35%, outperforming the S&P 500 Index's 16.3% gain and the iShares Biotechnology ETF's (NASDAQ:IBB) 2.01% decline.

Portfolio Pulse from Shanthi Rexaline

August 12, 2023 | 7:31 pm

ARKK

ARKQ

TSLA

Cathie Wood's Ark Invest has sold Tesla shares for the second consecutive day, with a total of 31,749 shares sold on Friday through its Ark Innovation ETF (ARKK) and Ark Autonomous Technology & Robotics ETF (ARKQ). The sale fetched Ark $7.7 million. This follows a sale of 76,425 Tesla shares on Thursday, bringing the total value of Tesla shares sold this week to $26.45 million. Despite the sales, Tesla remains the top holding in most of Ark's ETFs.

Portfolio Pulse from Shanthi Rexaline

August 12, 2023 | 6:40 pm

AAPL

GME

SFTBY

WeWork Inc's shares have been volatile following an update that rattled the stock. After a sharp fall, retail traders are trying to push the shares back over $1. The company, once valued at $47 billion, now has a market capitalization closer to $250 million. A recent filing warned investors about the company's liquidity concerns. A Reddit thread has sparked interest in WeWork shares, comparing it to GameStop and suggesting a potential rally. WeWork needs to hit $1 in the next eight weeks to stay on the NYSE and could see institutional investors coming in to help the company’s financial situation.

Portfolio Pulse from Chris Katje

August 12, 2023 | 6:36 pm

TWOU

Ark Invest, led by Cathie Wood, acquired over 1 million shares of online education platform 2U Inc (NASDAQ:TWOU). The acquisition was divided among three of Ark's ETFs, with the majority secured through Ark Innovation. However, 2U's stock has been on a downward trend, reaching a low of $13.15 over 52 weeks. The stock plunged by 24% following an underwhelming earnings report, with an 8% decline in revenue compared to the previous year.

Portfolio Pulse from Bibhu Pattnaik

August 12, 2023 | 5:28 pm

BTCUSD

COIN

Nassim Nicholas Taleb, author of 'Black Swan', has warned that the declining volume of Bitcoin makes it easier for manipulators to act, potentially leading to a collapse. Bitcoin's trading volume has dropped over 85% from its peak, according to Taleb. Meanwhile, Coinbase Global, Inc. (NASDAQ:COIN) accounted for 61% of the Bitcoin trading volumes among exchanges registered in the U.S. and 5.83% of the global Bitcoin trading volume.

Portfolio Pulse from Shanthi Rexaline

August 12, 2023 | 3:59 pm

PEPEUSD

RUNEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has been the top-performing cryptocurrency over the past 24 hours, with a 9.06% increase and a weekly gain of 15.89%. Its market cap and volume have also risen by about 9% and 141% respectively. The crypto's future direction is uncertain due to potential impacts from crypto-specific factors and macroeconomic conditions. The launch of the Shibarium, an in-house layer-2 blockchain platform, could transform Shiba Inu into a complete ecosystem, increasing transaction speeds, lowering fees, and boosting the token's utility.

Portfolio Pulse from Shanthi Rexaline

August 12, 2023 | 1:59 pm

GOOGL

LCID

NIO

RIVN

TSLA

The week ending August 1 saw a downturn in electric vehicle (EV) stocks due to inflation worries and earnings news. Key events included the resignation of Tesla's CFO Zachary Kirkhorn, PepsiCo's endorsement of Tesla's Semi, and Elon Musk's announcement of a 'mind-blowing' full-self driving software update. General Motors' pricing strategy for its new Cadillac EV was criticized, while Rivian and Lucid reported earnings. GM's Cruise and Alphabet's Waymo received approval for expanded driverless operations in San Francisco. Nio denied rumors of a partnership with Mercedes-Benz.

Portfolio Pulse from Shanthi Rexaline

August 12, 2023 | 1:30 pm

ATEYY

BOKF

DIS

DOGE

MTB

PENN

PPRUY

TLRY

TSLA

WBS

Benzinga's weekly review highlights several bullish and bearish stock prospects. Bullish stocks include Disney (DIS) partnering with PENN Entertainment (PENN) for a sportsbook, Dogecoin (DOGE) predicted to surge 200%, and Tilray (TLRY) acquiring eight beer brands from Anheuser-Busch (BUD). Bearish stocks include Tesla (TSLA) after CFO's departure, Kering (PPRUY) and Advantest Corp (ATEYY) being heavily shorted, and Moody's downgrading credit ratings of banks including M&T Bank Corp. (MTB), Webster Financial Corp. (WBS), and BOK Financial Corp. (BOKF).

Portfolio Pulse from Michael Cohen

August 12, 2023 | 1:16 pm

TSLA

Another alleged breakdown of Tesla's Cybertruck during testing has been reported, adding to previous incidents. The vehicle was spotted on the side of the road, with a Tesla employee seen working under the hood. Despite these incidents, it is normal for vehicles to break down during testing phases. Tesla CEO Elon Musk has previously stated that the Cybertruck could function as an off-road vehicle and adjustments were being made to the vehicle's air suspension system.

Portfolio Pulse from Ananya Gairola

August 12, 2023 | 1:11 pm