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China has imposed export restrictions on gallium and germanium, metals critical in the production of semiconductors, 5G base stations, and solar panels. This move is seen as a counter to the U.S. and others' restrictions on high-end chips and chip-making equipment sales to China. The decision could impact U.S. companies like Intel Corporation and Advanced Micro Devices, Inc., as well as ETFs such as the VanEck Vectors Semiconductor ETF and the iShares PHLX Semiconductor ETF.

Portfolio Pulse from Benzinga Newsbot

July 03, 2023 | 7:43 pm

AAPL

AMZN

GOOG

SPY

TSLA

Benzinga's Twitter followers correctly predicted that Tesla (TSLA) would outperform other large-cap tech stocks in 2023. The prediction came after a poor 2023 for the S&P 500 and major tech companies, with the SPDR S&P 500 Global ETF (SPY) down 19.2%, Apple (AAPL) down 27%, Alphabet (GOOG, GOOGL) down 34%, Amazon (AMZN) down 51%, and Tesla down 69%. As of June 30, 2023, Tesla has seen a 142.2% return, outperforming Apple, Amazon, and Alphabet.

Portfolio Pulse from Chris Katje

July 03, 2023 | 7:30 pm

PYPL

PayPal Holdings, Inc. (NASDAQ:PYPL) shares rose over 2% on Monday, adding to gains from the last month. In June, KKR-managed funds agreed to purchase up to €40 billion ($43.6 billion) buy now, pay later (BNPL) loan receivables originated by PayPal in several European countries. PayPal also launched Tap to Pay on Android for Venmo business profile users in the U.S. The company received several price target changes from analysts in June, ranging from $72 to $92.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 7:06 pm

CPRT

Copart Inc.'s stock price is currently at $90.25, after a 1.05% decrease. However, over the past month, the stock has increased by 2.45%, and over the past year, it has increased by 60.76%. The company's P/E ratio is lower than the aggregate P/E of 54.6 of the Commercial Services & Supplies industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:04 pm

LINKUSD

Chainlink's (CRYPTO: LINK) price has risen 3.87% to $6.65 in the past 24 hours, continuing its positive trend over the past week with a 9.0% gain. The trading volume for the coin has increased 18.0% over the past week, while the overall circulating supply has decreased 0.06%. The current market cap ranking for LINK is #22 at $3.43 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:00 pm

STETHUSD

Lido Staked Ether's (CRYPTO: STETH) price has risen 3.1% to $1,966.66 in the past 24 hours, continuing its positive trend over the past week with a 6.0% gain. The trading volume for the coin has increased 75.0% over the past week while the overall circulating supply of the coin has increased 1.93% to over 7.54 million. The current market cap ranking for STETH is #7 at $14.78 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:00 pm

TRXUSD

TRON's (CRYPTO: TRX) price has risen by 3.04% to $0.08 in the past 24 hours, continuing its positive trend over the past week with a 6.0% gain. The trading volume for the coin has decreased by 9.0% over the past week, while the circulating supply has increased by 0.11% to 89.90 billion. TRX's current market cap ranking is #12 at $6.97 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:00 pm

EIS

ITEQ

IZRL

Israel has launched a major operation in the West Bank's city of Jenin, resulting in nine reported fatalities and 50 injuries. This operation is one of the most extensive in over two decades and is aimed at confronting a new generation of militants. Despite the escalation, ETFs following the Israeli economy, including Ishares Msci Israel ETF (EIS), Ark Israel Innovative Technology ETF (IZRL), and BlueStar Israel Technology ETF (ITEQ), showed minimal volatility.

Portfolio Pulse from Natan Ponieman

July 03, 2023 | 6:58 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares traded higher after Cboe refiled Bitcoin ETF proposals. Cboe intends to collaborate with Coinbase to prevent market manipulation during the ETF launch process. MARA stock experienced above-average trading volume, with a 10.5% increase in share price.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 6:47 pm

REGN

A significant number of investors have taken a bearish stance on Regeneron Pharmaceuticals (NASDAQ:REGN), with 66% of detected trades showing bearish expectations. The price range targeted by these investors over the last 3 months is from $360.0 to $860.0. The current price of REGN is $718.09, with the stock considered neutral between overbought and oversold. Analysts have mixed opinions, with ratings ranging from 'Hold' to 'Buy' and price targets from $720 to $1045.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 6:33 pm