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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

TSLA

Elon Musk, CEO of Tesla, has stated that the company may have to lower vehicle prices if macroeconomic conditions do not remain stable.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 10:33 pm

TWLO

Twilio Inc. (NYSE:TWLO) shares traded higher on above-average volume amid positive analyst coverage from Morgan Stanley. The analyst maintained an Overweight rating and raised the price target from $65 to $75. This comes after Piper Sandler analyst downgraded Twilio from Overweight to Neutral but raised his price target from $56 to $71. Twilio is set to report Q2 financial results on Aug. 8, with expected earnings per share of 30 cents and revenue of $985.93 million.

Portfolio Pulse from Ryan Gustafson

July 19, 2023 | 10:03 pm

SIL

SILJ

UNG

VXX

Small-Cap ETFs have seen significant changes in their returns this week. ETFMG Prime Junior Silver Miners Fund (SILJ) and Global X Silver Miners ETF (SIL) have both seen an increase of 11.23% over the trailing week. On the other hand, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and United States Natural Gas Fund LP (UNG) have seen a decrease of 7.81% and 11.64% respectively.

Portfolio Pulse from Johnny Rice

July 19, 2023 | 9:52 pm

TSLA

Tesla Inc has reported that it is continuing to see improvements in commodity costs.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 9:51 pm

BITO

EMGF

PFEB

QQQE

A screening of small-cap ETFs revealed the largest changes in net assets over the past week. Winners included Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and ProShares Bitcoin Strategy ETF (BITO), which added $173.17 million and $138.97 million in net assets respectively. Losers included iShares Emerging Markets Equity Factor ETF (EMGF) and Innovator U.S. Equity Power Buffer ETF - February (PFEB), which lost $105.84 million and $66.30 million in net assets respectively.

Portfolio Pulse from Johnny Rice

July 19, 2023 | 9:51 pm

SNAP

Snap Inc. (NYSE:SNAP) shares traded lower on Wednesday despite UBS analyst Lloyd Walmsley maintaining a Neutral rating and raising the price target from $10 to $14. This follows price target increases from Goldman Sachs and Credit Suisse earlier this week. Snap is expected to report a loss of 4 cents per share on quarterly revenue of $1.05 billion in its upcoming Q2 financial results.

Portfolio Pulse from Ryan Gustafson

July 19, 2023 | 9:47 pm

FLHLF

JAQC

Filament Health (OTCQB:FLHLF) has entered into a definitive agreement with Jupiter Acquisition Corp. (NASDAQ:JAQC) for a $210M SPAC deal. The new business combination ascribes Filament $176 million in pre-money equity and will give holders of outstanding shares $0.85 per share of the new company. The deal is expected to close in Q4 2023. Filament's lead drug candidate PEX010 is currently undergoing 15 clinical trials for the potential treatment of various disorders.

Portfolio Pulse from Lara Goldstein

July 19, 2023 | 9:41 pm

SNV

Synovus Financial Corp. (NYSE:SNV) reported Q2 adjusted earnings of $1.16 per share, beating the analyst consensus estimate of $1.15 by 0.87 percent. However, this is a 0.85 percent decrease from the same period last year. The company's quarterly sales were $567.81 million, missing the analyst consensus estimate of $571.01 million by 0.56 percent, but showing an 8.64 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:40 pm

SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares traded higher on Wednesday, adding to the week's gains. The company announced details for its second commercial flight, 'Galactic 02', set to launch on August 10. The flight will carry three private passengers, including an Olympian and a mother-daughter duo who won their seats in a draw. Virgin Galactic is also set to report earnings on August 1, with an expected loss of 51 cents per share on revenue of $2.52 million.

Portfolio Pulse from Ryan Gustafson

July 19, 2023 | 9:34 pm