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TSLA

ARK Invest, led by Cathie Wood, has reduced its stake in Twitter by 47% since it was taken private by Elon Musk. Despite Twitter's substantial debt burden and a significant decline in advertising revenue, Wood remains optimistic about its long-term prospects. ARK Invest continues to hold Tesla, Inc. and Coinbase Inc. as leading investments in its ARK Innovation ETF fund. The firm has also recently purchased a substantial number of shares in Meta Platforms.

Portfolio Pulse from Piero Cingari

July 17, 2023 | 6:31 pm

VTGN

Vistagen Inc has revealed new data from a preclinical study of its itruvone nasal spray, a potential treatment for major depressive disorder. The study showed that a single intranasal administration of itruvone was undetectable in the brain and most other tissues, supporting the proposed mechanism of action of the spray. Vistagen recently reported that itruvone is now staged for potential Phase 2B clinical development in the U.S. VTGN shares are up 1.69% at $1.80 on the last check Monday.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 6:31 pm

JCI

Johnson Controls Intl (NYSE:JCI) has outperformed the market over the past 15 years by 2.33% on an annualized basis, producing an average annual return of 11.12%. If an investor had bought $100 of JCI stock 15 years ago, it would be worth $503.53 today.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:30 pm

TSM

Taiwan Semiconductor (NYSE:TSM) has outperformed the market over the past 20 years, producing an average annual return of 13.69%. If an investor had bought $1000 of TSM stock 20 years ago, it would be worth $12,732.42 today.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:30 pm

ESLT

FRSX

Foresight Autonomous Holdings Ltd (FRSX) has signed an exclusive commercialization agreement with Elbit Systems Land Ltd, a subsidiary of Elbit Systems Ltd (ESLT). The agreement is for the integration, marketing, and licensing of Foresight's image processing software solution. Foresight expects revenues of up to $4 million over a contractual period of five years, with minimum guaranteed revenues of $1 million. FRSX shares are trading higher by 19.6% at $3.17.

Portfolio Pulse from Shivani Kumaresan

July 17, 2023 | 6:28 pm

FACT

Shares of Freedom Acquisition I Corp. have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 6:24 pm

PMN

ProMIS Neurosciences Inc. (NASDAQ:PMN) shares surged after the company presented preclinical data supporting the potential therapeutic advantage of its lead candidate for Alzheimer's disease, PMN310, at AAIC 2023. The company also received clearance from the FDA for its Investigational New Drug (IND) application for PMN310. Shares of PMN were up 113.5% at $6.00 at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 17, 2023 | 6:22 pm

FACT

Shares of Freedom Acquisition I Corp. were halted on a circuit breaker to the downside, but the stock is now up 64.5%.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 6:19 pm

TMUS

T-Mobile US, Inc. (NASDAQ:TMUS) shares are trading lower ahead of its Q2 2023 earnings report on July 27. The EPS is estimated at $1.69 and revenue at $19.38 billion. The company's stock was down 1.02% at $138.26 at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 17, 2023 | 6:16 pm

MRK

A significant bullish stance has been taken on Merck & Co (NYSE:MRK) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $85.0 to $115.0 for Merck & Co over the last 3 months. Morgan Stanley and HSBC have downgraded their actions to Equal-Weight and Hold respectively, with price targets of $109 and $123.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:16 pm