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DOGEUSD

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Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline after the SEC launched a lawsuit against internet marketer Richard Heart and his projects. The market also grappled with the consequences of a recent exploit on the stablecoin exchange Curve. Analysts predict that Ethereum may rally in December and January, based on historical data.

Portfolio Pulse from Mehab Qureshi

August 01, 2023 | 2:33 am

AVDX

COIN

HOOD

IOVA

MELI

PINS

Ark Invest, led by Cathie Wood, sold shares of Robinhood Markets Inc (HOOD) and Coinbase Global Inc (COIN) while increasing its stake in Pinterest Inc (PINS). The firm also bought shares of MercadoLibre Inc (MELI) and AvidXchange Holdings Inc (AVDX), and sold shares of Iovance Biotherapeutics Inc (IOVA). The trades were made through Ark Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW).

Portfolio Pulse from Benzinga Neuro

August 01, 2023 | 2:11 am

ANET

PLTR

PLUG

SOFI

UBER

U.S. stocks ended in the green, with the Dow Jones and NASDAQ indices closing slightly higher. Top trending stocks included Palantir, SoFi, Arista Networks, Plug Power, and Uber. Palantir saw an 11.40% increase, SoFi surged by 19.90% after reporting better-than-expected quarterly results, Arista Networks increased by 2.65% after reporting expectation-beating financial results, Plug Power rose by 10.62% after submitting a letter to the Biden administration on the Section 45V Clean Hydrogen Production tax credit implementation, and Uber increased by 2.74%.

Portfolio Pulse from Benzinga Neuro

August 01, 2023 | 1:48 am

AMC

TUP

Tupperware Brands Corporation (NYSE:TUP) shares surged on Monday due to a short squeeze, with 27.06% of shares currently sold short. The company experienced above-average trading volume of 167.67 million shares on Monday, compared to its average volume of 10.72 million. The stock has risen over 170% over the last five trading sessions and nearly 425% over the last month. AMC Entertainment (NYSE:AMC) also saw a rise in its shares, which influenced the rise in Tupperware's stock.

Portfolio Pulse from Ryan Gustafson

August 01, 2023 | 1:18 am

CNBS

POTX

THCX

TOKE

YOLO

Analysts from Zuanic & Associates (Z&A) have discussed the potential impact of cannabis rescheduling on Multi-State Operators (MSOs) and cannabis stocks. They suggest that rescheduling may not be beneficial for MSOs and that the industry should consider the consequences of medical marijuana rescheduling. They also recommend lobbying for the removal of 280E without rescheduling. The report mentions several cannabis ETFs, including Cambria Cannabis ETF (TOKE), Amplify Seymour Cannabis ETF (CNBS), AdvisorShares Pure Cannabis ETF (YOLO), ETFMG Alternative Harvest (MJ), AXS Cannabis ETF (THCX), and Global X Cannabis ETF (POTX).

Portfolio Pulse from Nicolás Jose Rodriguez

July 31, 2023 | 10:14 pm

OTTR

Otter Tail Corporation has increased its 2023 EPS guidance from $4.55-$4.85 to $5.70-$6.00, surpassing the consensus estimate of $4.74.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:07 pm

SON

Sonoco has reported lower volume trends in its consumer packaging and industrial paper packaging businesses, leading to a disappointing near-term volume outlook.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:05 pm

CNBS

POTX

THCX

TOKE

YOLO

Missouri has implemented new regulations for the cannabis industry, granting officials the authority to impose fines, suspend operations, or revoke licenses for rule violations at public events. The state's Department of Health and Senior Services can now directly issue subpoenas to investigate licensed marijuana businesses and third-party entities. The news coincides with a rise in the share prices of several cannabis ETFs.

Portfolio Pulse from Joana Scopel

July 31, 2023 | 10:04 pm

SON

Sonoco Prods (NYSE:SON) reported Q2 adjusted earnings of $1.38 per share, missing the analyst consensus estimate of $1.50 by 8 percent. This is a 21.59 percent decrease from the same period last year. The company also reported quarterly sales of $1.71 billion, missing the analyst consensus estimate of $1.83 billion by 6.98 percent, a 10.87 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:03 pm

HLIT

Harmonic has reduced its FY23 net revenue outlook from $705M-$740M to $620M-$660M, which is below the consensus estimate of $723.18M.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:01 pm