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TSLA

Tesla Inc's CEO Elon Musk praised the company's Model S car, calling it 'pure joy on tap'. This comes in response to a user's positive review of the Model S Plaid, which she termed as the best and safest vehicle she has ever driven. Musk has previously described the Model S Plaid with various positive terms. The high-performance version of Tesla's flagship electric sedan started deliveries in 2021. In June, Tesla announced that the Model S Plaid set a new lap record for a production electric vehicle at Nürburgring, beating the previous record set by Porsche's Taycan Turbo S.

Portfolio Pulse from Anan Ashraf

July 17, 2023 | 9:56 am

FSLR

First Solar Inc (FSLR) has signed a contract with Energix Renewables to supply 5 GWDC ultra-low carbon thin film solar modules between 2026 and 2030. The modules will power Energix projects in Israel, Poland, and the U.S. FSLR also plans to invest $1.3 billion to increase its U.S. manufacturing capacity to 10.9 GWDC by 2026. The company's shares are trading higher by 0.44% at $192.14 premarket.

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 9:54 am

STT

Keefe, Bruyette & Woods analyst Michael Brown has downgraded State Street (NYSE:STT) from Outperform to Market Perform and lowered the price target from $84 to $73.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 9:53 am

ARKK

BABA

BTCUSD

ETHUSD

TSLA

US markets remain bullish following strong bank earnings. ARK's flagship fund sees a $717M exodus from investors. Wall Street strategist issues troubling assessment of stock-market rally. Biden receives $200K funding from OpenAI CEO for 2024 campaign. Pay raises beat inflation, providing financial relief to American workers. China's Q2 GDP miss stirs unease, impacting Alibaba, BYD, and other stocks. Tesla's Q2 results expected to show short-term margin disappointment but good recovery beyond. BlackRock CEO reveals high demand for Bitcoin, Ethereum among gold investors.

Portfolio Pulse from Akanksha Bakshi

July 17, 2023 | 9:53 am

ARKK

TSLA

Over the weekend, Tesla's first Cybertruck rolled off the production line at the Giga Texas plant, which is expected to significantly boost Tesla's volume. Elon Musk expressed doubts about Vice President Kamala Harris serving as the AI czar. Former President Donald Trump was reportedly upset as his son-in-law testified before a grand jury. Macro guru Raoul Pal warned of a looming crisis, and a Wall Street strategist issued a troubling assessment of the stock market rally. Ark Invest founder Cathie Wood discussed the year-to-date performance of the firm’s actively-managed exchange-traded funds.

Portfolio Pulse from Benzinga Neuro

July 17, 2023 | 9:49 am

UNH

On Friday, July 14, Wall Street ended mixed with bank and financial shares slipping post quarterly reports. UnitedHealth Group Inc (NYSE:UNH) shares soared 7.24% after reporting 2Q23 sales of $92.9 billion, up almost 16% YoY, beating the consensus of $91 billion. Asian and European markets were mostly down, with China's GDP lower than expected. US futures were mixed, and the US Dollar Index was down 0.08%.

Portfolio Pulse from Akanksha Bakshi

July 17, 2023 | 9:48 am

CORN

SOYB

SPY

VGK

WEAT

Russia has announced its decision to withdraw from a Black Sea grain deal. This could potentially impact the prices of grain commodities and related ETFs.

Portfolio Pulse from Charles Gross

July 17, 2023 | 9:47 am

TSLA

A recent survey revealed that 26% of global contributors identified Elon Musk's unpredictable behavior as a key risk for Tesla Inc. (NASDAQ:TSLA). Tesla is also facing increased competition in the EV market, with rivals like China's BYD Co. gaining momentum. 63% of the survey respondents expect Tesla to continue lowering prices to capture higher volumes, potentially impacting its profit margin.

Portfolio Pulse from Benzinga Neuro

July 17, 2023 | 9:27 am

TWLO

Piper Sandler analyst James Fish has downgraded Twilio (NYSE:TWLO) from Overweight to Neutral, while raising the price target from $56 to $71.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 9:14 am

ADBE

JPM

NVDA

UNH

WFC

The S&P 500 closed slightly lower on Friday, but all three major indices recorded strong weekly gains. UnitedHealth Group Incorporated (UNH) shares gained more than 7% after reporting better-than-expected Q2 earnings. JPMorgan Chase & Co. (JPM) shares rose 0.6% following upbeat quarterly earnings, while Wells Fargo & Company (WFC) shares slipped 0.3% despite higher quarterly profit. The Nasdaq 100 slipped 0.04% amid gains in shares of NVIDIA Corp (NVDA) and Adobe Inc (ADBE). The CBOE Volatility Index (VIX) fell 2%.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 9:03 am