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DOGEUSD

TSLA

TWTR

Elon Musk, CEO of Twitter and Tesla Inc., caused a surge in Dogecoin's valuation with a tweet, leading to a 3% increase in market capitalization (about $320 million). This is not the first time Musk's tweets have impacted Dogecoin's value. However, his influence has led to legal issues, with a group of Dogecoin investors filing a lawsuit alleging market manipulation.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 4:40 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has stated that the company is continuing to build release candidates of the Cybertruck on the final production line in Austin. While no clear timeline for delivery or pricing details were provided, Musk confirmed that deliveries are expected to commence later this year. The production ramp of the Cybertruck will be as fast as the slowest element of the supply chain. Demand for the Cybertruck is high, with over 1.5 million pre-orders as of November last year.

Portfolio Pulse from Anan Ashraf

July 20, 2023 | 3:59 am

EWJ

Japan's adjusted trade balance has improved, coming in at -0.55T compared to the estimated -0.90T and the previous -0.78T.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 3:57 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies were mixed on Wednesday evening with Bitcoin and Ethereum trading in the red while Dogecoin saw gains of nearly 2%. Bitcoin's price movement tracked Nasdaq futures, which slipped into the red after Netflix and Tesla posted their quarterly results. Analysts continue to await Bitcoin ETF updates and note that Bitcoin is 'here to stay' despite the length of the bear market. Cryptocurrency intelligence platform Santiment noted that whales and sharks have been accumulating Paxos Standard (USDP) stablecoin in July.

Portfolio Pulse from Shivdeep Dhaliwal

July 20, 2023 | 3:31 am

BTCUSD

Nassim Nicholas Taleb, author of 'Black Swan', criticized the investment in Non-Fungible Tokens (NFTs), calling it a sign of a 'mental deficit'. He pointed out the sinking valuation of the NFT of Jack Dorsey's maiden tweet, which was sold for $2.9 million in March 2021, but the most recent bid was $1.14. Taleb's critique comes as the NFT market has seen a significant slump, with the average price of an NFT sale falling by 92% in two months, from May to July 2022.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 1:44 am

AAL

CVNA

NFLX

TOST

TSLA

U.S. stocks traded higher with Dow Jones gaining more than 100 points. Tesla, Netflix, American Airlines, Carvana, and Toast were the top stocks that gained attention. Tesla and Netflix reported higher Q2 revenues beating estimates, while American Airlines' new contract deal is in jeopardy. Carvana's shares jumped after Q2 revenue beat estimates and an agreement to reduce debt. Toast decided to remove a $0.99 order processing fee from its digital ordering suite.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 1:12 am

CTLT

Elliott Investment Management has acquired a significant stake in pharmaceutical company Catalent. The activist shareholder is pushing for changes on the contract drugmaker's board.

Portfolio Pulse from Charles Gross

July 20, 2023 | 12:11 am

TSLA

Tesla Inc. reported its Q2 financial results, with revenue reaching $24.93 billion, a 47% increase YoY, beating the consensus estimate of $24.48 billion. The company also highlighted progress on the Cybertruck and the 4680 Cell’s production. Reactions to the report were generally positive, with analysts noting Tesla's strategic outperformance of other EV players. However, some pointed out that the earnings beat was primarily driven by a $400 million swing in 'Other Income', and operating income was down 3% YoY and 10% QoQ.

Portfolio Pulse from Benzinga Staff

July 19, 2023 | 11:56 pm

AAPL

BRK-A

BRK-B

BTCUSD

DOGEUSD

ETHUSD

SPY

TSLA

The Powerball jackpot has reached $1 billion, making it the third largest in the game's history. The cash payout is $516.8 million, which after federal taxes of 24%, would be $392,768,000. The article suggests 10 ways the winner could spend or invest the money, including buying shares in the SPDR S&P 500 ETF Trust (SPY), Berkshire Hathaway Inc (BRK-A, BRK-B), Apple Inc (AAPL), and Tesla Inc (TSLA), or investing in cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

Portfolio Pulse from Chris Katje

July 19, 2023 | 11:00 pm

DRUG

LSDI

PSIL

TRYPF

The House Rules Committee blocked all drug policy amendments to the National Defense Authorization Act (NDAA), preventing them from advancing to a floor vote. The American Psychedelic Practitioners Association (APPA) is working to legitimize the field of psychedelics. Bright Minds (NASDAQ:DRUG) consolidated its shares 5:1 to remain Nasdaq-listed, Lucy Scientific (NASDAQ:LSDI) appointed a new CEO, Tryp Therapeutics (OTC:TRYPF) received FDA approval for its Phase 2 psilocybin trial, and AdvisorShares Psychedelics ETF (NYSE:PSIL) maintained its opening price from the previous week.

Portfolio Pulse from Lara Goldstein

July 19, 2023 | 10:43 pm