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Stock Prices

TSLA

Analysts are divided on Tesla's future, with bullish analyst Daniel Ives from Wedbush believing that Tesla's story is just beginning, while bearish analyst Gordon Johnson warns of a looming collapse. Ives points to the company's Supercharger and its adoption by General Motors and Ford as a sign of Tesla's potential. Johnson, however, argues that Tesla's valuation is unsustainable, noting that the company has not made money from its charging partnership and has had to slash prices due to a lack of demand.

Portfolio Pulse from Shanthi Rexaline

July 16, 2023 | 2:58 pm

ARKK

Ark Invest founder Cathie Wood expects the firm's flagship fund, Ark Innovation ETF (ARKK), to outperform the Nasdaq-100 Index. Wood noted that ARKK, which is filled with stocks of companies focused on innovation, is much closer to its lows compared to the Nasdaq 100 Index. After a not-so-positive year in 2022, ARKK has gained about 56% this year, thanks to a rally in tech stocks.

Portfolio Pulse from Shanthi Rexaline

July 16, 2023 | 2:20 pm

DIS

This week's political events included revelations from Trump's ex-lawyer, potential implications for Disney due to Florida's Governor's policies, cancellations faced by My Pillow due to its owner's political stance, the White House reaching out to North Korea after a missile threat, and Russia's controversial actions in Ukraine.

Portfolio Pulse from Benzinga Neuro

July 16, 2023 | 12:05 pm

BTCUSD

COIN

This week in cryptocurrency saw Tucker Carlson and Andrew Tate discussing potential misuse of cryptocurrencies, ARK offloading $12M worth of Bitcoin-linked stock amid a Bitcoin rally, Robert Kiyosaki predicting a crash in the crypto market, rumors of Bank of America shutting down accounts linked to Coinbase, and a feud between Elon Musk and Mark Zuckerberg causing crypto gamblers to seek high returns.

Portfolio Pulse from Benzinga Neuro

July 16, 2023 | 11:03 am

JPM

WFC

This week's economic news includes Warren Buffett's solution for the US deficit, Paul Krugman's comments on June inflation, and Jamie Dimon's economic concerns. Major US banks, including Goldman Sachs, JP Morgan, and Wells Fargo, have written off $5bn in loans. Speculation about a rate hike has cooled as US producer inflation softens.

Portfolio Pulse from Benzinga Neuro

July 15, 2023 | 11:48 pm

AMZN

NKLA

PLCE

SOFI

Barron's weekend stock picks include Children's Place, AT&T, Amazon, SoFi Technologies, and Nikola Corp. Children's Place CEO purchased additional shares for $1 million. AT&T was downgraded by a JP Morgan analyst due to concerns about its wireless and fiber growth businesses. Amazon's stock is rising due to successful Prime Day sales. Analysts maintained a 'Buy' rating on SoFi Technologies. Nikola Corp announced a sale of 50 trucks to hydrogen producer BayoTech.

Portfolio Pulse from Justin Chan

July 15, 2023 | 8:33 pm

BTCUSD

Cryptocurrency analyst DonAlt has warned that Bitcoin (BTC) could face a potential collapse of up to 30% if it loses the key $30,000 level. The analyst believes that the impact of recent positive developments, such as the submission of Bitcoin spot ETF applications and a significant ruling related to XRP, could fade, leading to a sharp decline in BTC's value. However, he also suggested that altcoins might retain some momentum, even in the event of a gradual decline over the next few days.

Portfolio Pulse from Bibhu Pattnaik

July 15, 2023 | 7:34 pm

RIVN

TSLA

A Rivian Automotive Inc (NASDAQ: RIVN) EV owner was charged $42,000 for a minor fender bender repair, roughly half the price of his truck. The high cost was attributed to the scarcity of repair facilities for the Rivian R1T and the associated expenses involved in fixing EVs equipped with advanced technology components. Rivian, like Tesla Inc (NASDAQ:TSLA), follows a non-dealer approach, resulting in limited repair options.

Portfolio Pulse from Bibhu Pattnaik

July 15, 2023 | 5:26 pm

DIS

Hollywood is experiencing a double strike from the Screen Actors Guild and Writers Guild of America over streaming profits and the use of artificial intelligence in film and television. This is the first double strike since 1960. The Walt Disney Company (NYSE:DIS) CEO Bob Iger commented on the strike, stating that it adds to the challenges the industry is already facing. President Joe Biden and Congress members from California have expressed support for the strikers.

Portfolio Pulse from Chris Katje

July 15, 2023 | 3:55 pm

AAPL

AMZN

DIS

GOOGL

MSTR

TSLA

The Dow Jones, S&P 500, and Nasdaq experienced significant gains this week. Tesla is using its humanoid robot, Optimus, to boost foot traffic in its U.S. stores. Berenberg Capital Market predicts that the 2024 Bitcoin halving will benefit MicroStrategy due to its extensive Bitcoin holdings. Amazon has a significant opportunity in retail and logistics, with its last-mile business now surpassing the U.S. Postal Service. Bob Iger's extended tenure at Disney is viewed as neutral for the stock. Apple's upcoming iPhone 15 Pro Max may be priced higher due to a new camera feature. Alphabet and its AI subsidiary DeepMind are facing a lawsuit alleging covert data collection.

Portfolio Pulse from Michael Cohen

July 15, 2023 | 3:28 pm