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Stock Prices

NVS

Novartis has raised its FY23 outlook, expecting its Innovative Medicines sales to grow in the high single digits, up from the previous mid-single digit growth forecast. The company also anticipates its core operating income to grow in the low double digits to mid-teens, an increase from the previous high single to low double digit growth prediction. This revised outlook is due to strong H1 momentum.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 6:11 am

F

TSLA

Ford Motor Co. has reduced the prices of its F-150 Lightning pickup truck by up to $9,979, a move seen by Deepwater Asset Management analyst Gene Munster as a reaction to Tesla's Cybertruck. Munster believes Ford's price cut indicates concern about competition from Tesla, but does not expect it to impact Cybertruck sales due to the long waiting list for the Tesla vehicle. However, he sees the price cut as potentially negative for Tesla in the long term due to increased competition.

Portfolio Pulse from Shanthi Rexaline

July 18, 2023 | 6:02 am

META

Meta Platforms Inc. (NASDAQ:META) CEO, Mark Zuckerberg, has implemented rate limits on Threads to combat spam attacks. This move, however, may restrict active users. Elon Musk, Twitter owner, mocked the situation. Threads had over 100 million users sign up in less than a week, but reports indicate a decline in daily active users and app usage time.

Portfolio Pulse from Ananya Gairola

July 18, 2023 | 6:01 am

ARKK

ARKW

COIN

HOOD

META

SOFI

TSLA

TWLO

Ark Invest, led by Cathie Wood, sold 45,184 shares of Tesla Inc (TSLA) worth approximately $13.12 million, while buying 4,184 shares of Meta Platforms Inc (META) worth nearly $1.3 million. The trades were made through the Ark Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). Other trades included the purchase of shares in Twilio Inc (TWLO), SoFi Technologies Inc (SOFI), and Robinhood Markets Inc (HOOD) through the Ark Fintech Innovation ETF (ARKF), and the sale of shares in Coinbase Global Inc (COIN).

Portfolio Pulse from Benzinga Neuro

July 18, 2023 | 5:46 am

EWJ

FXI

Asian markets are mostly declining due to concerns over weak economic growth in China. The Nikkei 225 is up 11%, while the Hang Seng is down 2.01%, Shanghai is down 0.24%, and the Shanghai Shenzhen CSI 300 is down 0.18%. The US Dollar has slipped 0.11% to 99.74 during the Asian session.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 5:26 am

CVM

CEL-SCI Corporation has priced a public offering of 2.5 million common shares at $2 per share.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:41 am

AAPL

GOOG

GOOGL

Apple Maps, initially launched in 2012, has improved significantly over the years, winning over some users from Google Maps. Despite the majority of U.S. iPhone users having Google Maps installed, Apple Maps' deep integration with iOS and improved user experience have led to increased usage. Users and analysts now praise the app for its clear public transit directions and visually appealing design.

Portfolio Pulse from Benzinga Neuro

July 18, 2023 | 3:08 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline on Monday evening. This comes after Ripple's recent legal victory against the SEC which had boosted the crypto market. Analysts predict a downward trend for Bitcoin, with potential lows of around $29,000. However, analyst PlanB predicts a surge in Bitcoin's price as it approaches its next halving event in 2024, with a potential price range of $40,000 to $50,000.

Portfolio Pulse from Mehab Qureshi

July 18, 2023 | 2:26 am

DIS

PLTR

T

TSLA

VZ

US stocks traded higher with the Dow Jones gaining 0.22% on Monday. Five stocks drew significant attention: Walt Disney Co, AT&T Inc, Tesla Inc, Verizon Inc, and Palantir. Disney's stock fell due to a SAG-AFTRA strike disrupting the entertainment industry. AT&T's stock also fell after a downgrade from Citigroup due to potential risks related to lead-sheathed cables. Tesla's stock rose after the company announced the production of the first Cybertruck. Verizon's stock fell following a report about hazardous lead substances in underground cable networks. Palantir's stock rose significantly, up nearly 175% year-to-date.

Portfolio Pulse from Benzinga Neuro

July 18, 2023 | 2:13 am

CGC

Canopy Growth Corp. (NASDAQ:CGC) has received a non-compliance notice from NASDAQ due to its shares' closing bid price remaining below $1 per share for 30 consecutive business days. The company has been granted a 180-day period to regain compliance. To address this, Canopy Growth plans to seek approval for a share consolidation plan and may consider a reverse stock split. The company has also entered into agreements to reduce its total debt by approximately $437 million over the next six months.

Portfolio Pulse from Joana Scopel

July 17, 2023 | 9:42 pm