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Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin are maintaining positive momentum despite the SEC's delay in deciding on Cathie Wood's Bitcoin ETF. The global cryptocurrency market cap rose nearly 0.5% to $1.17 trillion. Analyst Edward Moya from OANDA suggests that Bitcoin's range might widen for the rest of the summer, potentially testing as low as $28,500 and as high as the $32,000 level.

Portfolio Pulse from Shivdeep Dhaliwal

August 15, 2023 | 3:04 am

IGXT

IntelGenx Technologies Corp. reported a 67% decrease in total revenues for Q2 2023, with operating costs rising slightly. The company also reported a net comprehensive loss of $3.0 million for the quarter. Despite these financial setbacks, the company has achieved significant milestones, including completing enrollment in the BUENA study and signing a binding term sheet with a CDMO customer for oral film packaging services, expected to yield around $9 million over three years.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2023 | 2:54 am

TSLA

Tesla Inc (NASDAQ:TSLA) has launched two new budget-friendly versions of its Model S and X vehicles. The new 'standard range' Model S and X are priced $10,000 lower than the long-range vehicles and have a smaller range. In Q2, Tesla delivered a total of 466,140 vehicles with the majority being lower-end Model 3 and Y. It delivered 19,225 Model S/X vehicles and produced 19,489.

Portfolio Pulse from Anan Ashraf

August 15, 2023 | 2:26 am

ADPT

BEAM

DNA

NTLA

SDGR

TSLA

Ark Invest, led by Cathie Wood, sold $2.15 million worth of Tesla shares through its ARK Innovation ETF (ARKK) fund, despite bullish projections for Tesla. Ark also made several other trades, including purchasing shares of Ginkgo Bioworks Holdings (DNA), Intellia Therapeutics (NTLA), Beam Therapeutics (BEAM), and Adaptive Biotechnologies (ADPT), and selling shares of Schrodinger Inc (SDGR).

Portfolio Pulse from Benzinga Neuro

August 15, 2023 | 2:18 am

BRK.B

NVDA

RUM

TSLA

U.S. stocks ended in the green on Monday with the Nasdaq Composite registering a gain of around 143 points. Nvidia Corp saw a rise of 7.09% amid reports that Amazon is designing custom microchips to bypass Nvidia GPUs. Rumble Inc’s stock experienced a slight increase of 0.24% after its Q2 earnings highlighted a revenue of $24.97 million, up 468% YoY. United States Steel Corporation witnessed a surge of 36.80% following an all-cash public offer from Esmark Inc. Tesla Inc’s stock dipped by 1.19% after announcing a price cut for some Model Y versions in China. Berkshire Hathaway’s stock saw a marginal rise of 0.04% after its Q2 earnings report exceeded expectations.

Portfolio Pulse from Benzinga Neuro

August 15, 2023 | 2:00 am

UGRO

urban-gro, Inc. (NASDAQ:UGRO) reported Q2 2023 financial results with revenue of $18.8 million, a 16% YoY increase. The company also reported a gross profit of $2.9 million, operating expenses of $6.8 million, and a net loss of $5.4 million. The company's cash position at the end of Q2 2023 was $8.6 million with no bank debt. The total backlog as of June 30, 2023, was approximately $79 million in contracts. UGRO shares were trading 3.26% higher at $1.2185 per share at the time of publishing.

Portfolio Pulse from Joana Scopel

August 15, 2023 | 1:20 am

TSLA

Since Joe Biden's election as U.S. president, Tesla Inc's (NASDAQ:TSLA) stock price has seen a significant increase. The stock was trading at around $130 per share on the day of the election and is now trading at roughly $240. This 84.6% increase is attributed to increased government subsidies in the EV market, well-received upcoming products, and improved global reach and production goals due to new factories in China and Germany.

Portfolio Pulse from Henry Khederian

August 14, 2023 | 11:50 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS) reported a 147% increase in Q2 2023 revenue to $4.6 million, and a 36% increase in total deposits to $1.1 billion. However, operating expenses expanded to $22.5 million from $1.5 million in Q2 2022, and the company reported a net loss of $17.6 million. SHF's stock was trading higher by 2.07% at market close on Monday.

Portfolio Pulse from Nicolás Jose Rodriguez

August 14, 2023 | 11:19 pm

CEAD

CEA Industries Inc. (NASDAQ:CEAD) reported Q2 2023 financial results, revealing a decrease in revenue and gross profit compared to the same period in 2022. The company's net loss improved, and operating expenses were reduced by 62%. The company's net bookings and backlog also decreased, primarily due to fewer capital projects and expenditures by cannabis operators. Despite these results, CEAD shares were trading 2.53% higher at market close on Monday.

Portfolio Pulse from Joana Scopel

August 14, 2023 | 11:11 pm

DGLY

Digital Ally reported Q2 losses of $(3.01) per share, a significant increase from $(0.44) per share last year. The company's quarterly sales of $8.28 million missed the analyst consensus estimate of $9.63 million by 14.03 percent, marking an 11.46 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:12 pm