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Stock Prices

AAPL

SONY

Apple Inc.'s (NASDAQ:AAPL) iPhone 15 Pro Max launch could face significant delays due to supply chain issues involving Sony Group Corp. (NYSE:SONY). Sony, a key supplier for Apple, is reportedly struggling to provide a sufficient number of image sensors required for the iPhone's periscope camera. This could potentially push the release date to October. The iPhone 15 series is expected to deliver several upgrades and rumors suggest a potential price increase of $100 for the U.S. iPhone 15 Pro and Pro Max variants.

Portfolio Pulse from Ananya Gairola

August 22, 2023 | 7:10 am

MDT

Medtronic plc (NYSE:MDT) is set to report its Q1 FY2024 financial results on August 22, 2023. Analysts predict a quarterly earnings of $1.11 per share, up from $1.13 per share a year ago, and revenue of $7.57 billion, up from $7.37 billion. The company's shares closed at $81.61 on Monday. Recent price target changes by analysts include cuts and increases, with targets ranging from $90 to $104.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 6:55 am

DKS

LOW

NVDA

PANW

The Nasdaq Composite ended a four-session losing streak, improving overall investor sentiment. Palo Alto Networks (PANW) shares gained 14.8% after announcing above-estimate EPS guidance. NVIDIA (NVDA) shares climbed 8.5% after KeyBanc and HSBC analysts raised their price targets. Investors are awaiting earnings results from Lowe's Companies (LOW), Dick's Sporting Goods (DKS), and Macy's (M).

Portfolio Pulse from Lisa Levin

August 22, 2023 | 6:39 am

TSLA

Tesla, Inc. has begun production of its newest electric vehicle, the Cybertruck, with a potential fall delivery event. The starting price for the Cybertruck is expected to be around $50,000, according to a report citing Matt Degan, senior editor of Kelley Blue Book. However, this price could potentially decrease to $39,900, in line with CEO Elon Musk's strategy of making EVs more affordable. Reservations for the Cybertruck are nearing the 2 million mark.

Portfolio Pulse from Shanthi Rexaline

August 22, 2023 | 6:25 am

DOGEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) saw an 850% surge in its burn rate within 24 hours, with over 1 billion SHIB tokens permanently removed from circulation. This coincided with the introduction of Shibarium, an Ethereum-based layer-2 blockchain, and SHIB becoming the most traded token among the top 100 Ethereum whales. Despite this, SHIB's price fell by 4.19% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 5:44 am

NVDA

TSLA

Tesla investor Ross Gerber has highlighted the synergy between Nvidia and Tesla, emphasizing the convergence of AI autonomy and GPU technology. This comes as the combined market value of the two companies matches the value of companies like Starbucks and Goldman Sachs. Tesla CEO Elon Musk has been securing a significant number of GPU processors from Nvidia for his AI startup and has expressed interest in using more Nvidia hardware.

Portfolio Pulse from Benzinga Neuro

August 22, 2023 | 5:06 am

BTCUSD

A Bitcoin whale has accumulated over $3 billion worth of Bitcoin since mid-May, making it the third-largest BTC address globally. The wallet has not sold any Bitcoin since its inception. The wallet's strategy involved procuring varying amounts of BTC, with the most recent transaction involving 6,600 BTC. The whale is currently experiencing a loss of more than $92.90 million. The price of Bitcoin dropped below $26,500 last week due to decreased market activity and the crisis in China's property sector.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 3:47 am

BTCUSD

COIN

DOGEUSD

ETHUSD

USDCUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline after Ethereum co-founder Vitalik Buterin deposited 600 ETH, worth approximately $1 million, to crypto exchange Coinbase. This comes amidst a wider market downturn, with ether experiencing a 10% decline over the last seven days. Coinbase is set to acquire a minority stake in Circle Internet Financial and dissolve their Centre Consortium partnership. Analysts warn that BNB is dragging down the entire crypto market.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 2:31 am

ADPT

ADYEY

CDXS

CELL

CRSP

RXRX

SHOP

Ark Invest, led by Cathie Wood, sold $9.2 million worth of Shopify Inc (NYSE:SHOP) shares due to recent volatility following its Q2 results. The shares were sold through ARK Next Generation Internet ETF (NYSE:ARKW) and Ark Fintech Innovation ETF (NYSE:ARKF). Ark Invest also bought shares of ADYEN NV (OTC:ADYEY), CRISPR THERAPEUTICS AG (NASDAQ:CRSP), ADAPTIVE BIOTECHNOLOGIES (NASDAQ:ADPT), and RECURSION PHARMACEUTICALS (NASDAQ:RXRX), and sold shares of CODEXIS INC (NASDAQ:CDXS) and PHENOMEX INC (NASDAQ:CELL).

Portfolio Pulse from Benzinga Neuro

August 22, 2023 | 2:27 am

BIDU

MRNA

NVDA

TSLA

US stocks showed mixed performance with the Nasdaq Composite gaining 1.56% while the Dow dipped slightly by 0.11%. The S&P 500 rose by 0.69%. NVIDIA, Zoom, Moderna, Baidu, and Tesla were the top stocks that gained attention. NVIDIA shares soared by 8.47% due to positive sentiments about its position in AI trends. Zoom's stock rose by 1.48% amid concerns related to the EG.5 COVID-19 variant. Moderna's shares surged by 9.31% after its collaboration with CARsgen Therapeutics. Baidu's stock dipped slightly by 0.19% as it prepares to release its quarterly earnings report. Tesla shares climbed by 7.33%, adding a combined value of over $120 billion with NVIDIA.

Portfolio Pulse from Benzinga Neuro

August 22, 2023 | 2:11 am