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Last week, the Dow Jones Industrial Average declined by 0.45%, while the S&P 500 index rose by 0.8% and the Nasdaq Composite surged by 2.3%. Federal Reserve Chairman Jerome Powell's remarks about stronger economic growth and inflation control boosted stocks. Ark Invest Founder Cathie Wood predicted Bitcoin's rise to $1 million within the next five to seven years. Nvidia's Q2 results were highlighted as a significant moment for the tech sector. TikToker Damien Soylash missed out on turning a $2,000 investment in Shiba Inu into $225 million by selling early. The People’s Bank of China's decision to cut its 1-year loan prime rate by 10 basis points led to a drop in the Hong Kong's Hang Seng Index. Concerns were raised about Tesla's potential configurator price cuts, which could lead to a 35% reduction in the company's 2023 earnings. The Trump Media & Technology Group and Digital World Acquisition Corporation merger is at risk of liquidation if a Sept. 5 shareholder vote doesn't approve an extension.

Portfolio Pulse from Michael Cohen

August 26, 2023 | 3:02 pm

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TSLA

Electric vehicle (EV) stocks had a mixed performance in the week ended Aug. 25. Tesla's stock rose by 10.72% following Elon Musk's Cybertruck teasers and the upcoming launch of the refreshed Model 3 vehicle. Lucid Group's price cuts have been well received by customers and the market, according to CEO Peter Rawlinson. Polestar Automotive achieved a production milestone of 150,000 vehicles and announced a partnership with Mobileye Global for autonomous driving technology. Ford is offering incentives and lease options for its Mach-E crossover SUV EV in the U.S. Faraday Future effected a 1-for-80 reverse stock split.

Portfolio Pulse from Shanthi Rexaline

August 26, 2023 | 2:56 pm

TSLA

Tesla Inc.'s CEO, Elon Musk, acknowledged the company's stock volatility but sees an upward trajectory. The company's stock surged by 90% in 2023 after a sharp decline of 65% in 2022. Tesla's revenue surge is attributed to the broadening range of electric vehicles, growing demand for sustainable transport solutions, and advancements in autonomous driving technology. Tesla's stock has seen an ascent of 18,118% over 13 years since its debut in June 2010.

Portfolio Pulse from Ananya Gairola

August 26, 2023 | 2:17 am

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Several consumer discretionary stocks experienced significant movement in Friday's after-market session. Notable gainers included Genius Gr (GNS), Modine Manufacturing (MOD), Bowlero (BOWL), Sportsman's Warehouse (SPWH), Volcon (VLCN), and Aterian (ATER). On the other hand, Zapp Electric Vehicles (ZAPP), Harbor Custom Dev (HCDI), LiveWire Gr (LVWR), SunCar Tech Gr (SDA), and Jowell Global (JWEL) saw their stocks decline.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:32 pm

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Several healthcare stocks experienced significant movement in Friday's after-market session. Gainers included MSP Recovery (LIFW), SCWorx (WORX), Adaptimmune Therapeutics (ADAP), Inhibikase Therapeutics (IKT), Axcella Health (AXLA), and SenesTech (SNES). Losers included Scilex Holding (SCLX), AEON Biopharma (AEON), Infinity Pharmaceuticals (INFI), Clene (CLNN), Aptorum Gr (APM), and Catalyst Biosciences (CBIO).

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:31 pm

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Several industrial stocks experienced significant movement in Friday's after-market session. Gainers included Lichen China (LICN), Lightning eMotors (ZEV), Orbital Infr Gr (OIG), Beam Glb (BEEM), and AERWINS Technologies (AWIN). Losers included Heliogen (HLGN), Molekule Group (MKUL), Capstone Green Energy (CGRN), DSS (DSS), JE Cleantech Hldgs (JCSE), and Surf Air Mobility (SRFM).

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:31 pm

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During Friday's after-market session, several information technology stocks experienced significant movement. BIT Mining (BTCM), Infobird Co (IFBD), Iveda Solutions (IVDA), Intrusion (INTZ), Quantum (QMCO), and One Stop Systems (OSS) saw their stocks rise, while Powerbridge Technologies (PBTS), Soluna Holdings (SLNH), Ostin Technology Group (OST), CXApp (CXAI), Thoughtworks Holding (TWKS), and DZS (DZSI) experienced a decline in their stock prices.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:31 pm

Fiserv (NYSE:FI) has outperformed the market over the past 20 years, producing an average annual return of 13.39%. If an investor had bought $1000 of FI stock 20 years ago, it would be worth $12,354.95 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:30 pm

DAL

Delta Air Lines (NYSE:DAL) has outperformed the market over the past 15 years, producing an average annual return of 10.62%. If an investor had bought $100 of DAL stock 15 years ago, it would be worth $512.92 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:30 pm

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The article lists the cannabis stocks that gained and lost on August 25, 2023. Notable gainers include Clever Leaves Holdings (NASDAQ:CLVR) and Skye Bioscience (OTC:SKYE), while notable losers include Australis Capital (OTC:AUSAF) and Red White & Bloom Brands (OTC:RWBYF).

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:30 pm