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NAVB

Navidea Biopharmaceuticals has received a written notification from the NYSE that it intends to commence proceedings to delist the company's stock. The company's board plans to appeal this decision.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:07 am

META

Meta Platforms Inc.'s Threads app is planning to introduce new features such as a desktop version and direct messages, as more than half of its users have left the app. The app, which is a clone of Twitter, reached 100 million users within five days of its launch but has since seen a significant drop in growth. Instagram head Adam Mosseri and Mark Zuckerberg have reassured staff that this drop is normal and are focusing on improving the app's features and algorithms.

Portfolio Pulse from Rounak Jain

July 31, 2023 | 8:06 am

OKYO

OKYO Pharma has withdrawn its proposed public offering of ordinary shares due to changing market conditions.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:03 am

PCRFY

Panasonic Holdings (OTC:PCRFY) reported Q1 earnings of $0.15 per share, missing the analyst consensus estimate of $0.21 by 27.14%. This is a 4.38% decrease from the same period last year. The company also reported quarterly sales of $14.81 billion, missing the analyst consensus estimate of $15.07 billion by 1.73%. This is a 2.82% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:50 am

AMZN

WMT

Walmart Inc has spent $1.4 billion to purchase the remaining Flipkart shares from Tiger Global, boosting its stake in the Indian e-commerce startup. This transaction has allowed Tiger Global to make a $3.5 billion profit from an initial investment of $1.2 billion. The recent purchase of secondary shares has placed a $35 billion value on Flipkart. Walmart’s over $20 billion investment in Flipkart shows its commitment to compete with Amazon.com Inc’s local division.

Portfolio Pulse from Shomik Sen Bhattacharjee

July 31, 2023 | 7:06 am

SATS

SpaceX, led by Elon Musk, has successfully completed its 250th mission with the launch of the Hughes JUPITER 3 satellite, an Echostar (NASDAQ:SATS) company. The satellite aims to provide connectivity across North and South America. SpaceX's first successful launch was in 2008, and the company has significantly increased its launch frequency over the years, with over 90 launches expected this year.

Portfolio Pulse from Anan Ashraf

July 31, 2023 | 6:15 am

COIN

DOGEUSD

ETHUSD

PEPEUSD

SHIBUSD

BALD, a meme coin launched on Coinbase's Base Network, has seen a 30,000% growth in market capitalization within a day of its launch, outperforming Dogecoin and Shiba Inu. The coin, which lacks a website and social media presence, made its debut on Uniswap. The driving factor behind these projects is the narrative and how their tokens can evolve into meme coins, not necessarily their technology or fundamentals.

Portfolio Pulse from Mehab Qureshi

July 31, 2023 | 6:15 am

RIVN

TSLA

Rivian Automotive, Inc (NASDAQ:RIVN) has seen its standing among sell-side firms improve, particularly after reporting its second-quarter deliveries. Several analysts have increased their price target for the electric vehicle startup, with one analyst stating that Rivian offers all the advantages of Tesla, Inc. (NASDAQ:TSLA) without the associated risks. The company is seen as the best way to transition from ICE to EVs, and is following Tesla's vertically integrated path. The company's stock sell-off peaked just as it realized positive production momentum in the first half of 2023.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 6:04 am

EWG

VGK

Germany's retail sales for June have decreased by 0.8%, which is lower than the estimated 0.2% and the prior 0.4%. This could potentially impact the performance of ETFs like EWG and VGK that have exposure to the German market.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 6:01 am

THC

WDC

The CNN Money Fear and Greed index remained in the 'Extreme Greed' zone on Friday, indicating high investor confidence. The Dow Jones closed higher for the third week in a row, while the PCE price index rose 0.2% MoM in June. The Federal Reserve increased interest rates last week. Procter & Gamble reported better-than-expected earnings and revenue for its most recent quarter. Investors are awaiting earnings results from ON Semiconductor, Tenet Healthcare, and Western Digital.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 5:45 am