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SAM

Jim Koch, co-founder of Boston Beer Company (NASDAQ:SAM), uses an unconventional investment strategy managed by his former babysitter. The strategy involves randomly selecting a stock to buy every two weeks, with the aim of wealth protection and risk diversification rather than accumulation. Koch claims this approach has outperformed many active portfolios.

Portfolio Pulse from Benzinga Neuro

August 09, 2023 | 7:28 am

DOGEUSD

SHIBUSD

Shiba Inu (SHIB) surged by 7% in the last 24 hours, outperforming Dogecoin (DOGE), as the launch of Shibarium, a layer-2 solution, nears. The SHIB team confirmed its participation in the upcoming Blockchain Futurist Conference. The network operates by 'burning' SHIB tokens, reducing their supply and creating scarcity. In the last 24 hours, $55 million worth of SHIB tokens have been burned. A prominent investor has acquired $40 million worth of SHIB tokens.

Portfolio Pulse from Mehab Qureshi

August 09, 2023 | 7:07 am

GM

TSLA

General Motors (GM) plans to equip all its electric vehicles with the ability to serve as backup power during electricity blackouts. The technology will debut in vehicles this year and by 2026, all GM electric vehicles will feature this vehicle-to-home technology. This move intensifies GM's rivalry with Tesla (TSLA), which currently lacks this capability in its vehicles.

Portfolio Pulse from Benzinga Neuro

August 09, 2023 | 7:03 am

BAK

Braskem (NYSE:BAK) reported a 30.41% decrease in sales this quarter, with sales of $3.59 billion compared to $5.16 billion in the same period last year. The company also reported a net loss of $156 million.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:47 am

MRTX

Mirati Therapeutics has announced the pricing of a $300M upsized public offering of 9,669,631 shares of its common stock at $27.80 per share. Additionally, pre-funded warrants to purchase 1,121,736 shares of common stock are being offered to certain investors at a price of $27.799 per pre-funded warrant.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:27 am

HL

Hecla Mining (NYSE:HL) reported Q2 earnings of $0.03 per share, a 25% decrease YoY. The company's quarterly sales were $178.13M, beating the analyst consensus estimate of $171.36M by 3.95%, but representing a 6.86% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:19 am

BNTC

Benitec Biopharma has priced its $30M public offering of approximately 15.54M shares of its common stock and accompanying warrants at $1.93. The offering is expected to close on August 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:14 am

CRL

DIS

GS

KBE

UPS

WYNN

Investor sentiment in the US has declined following Moody's downgrade of several US banks' credit ratings. This led to a fall in US stocks, with the SPDR S&P Bank ETF (KBE) dropping around 1.3% and shares of The Goldman Sachs Group, Inc. (GS) falling over 2%. United Parcel Service Inc (UPS) reported mixed Q2 results and issued FY23 revenue guidance below estimates. Investors are awaiting earnings results from Charles River Laboratories International, Inc. (CRL), The Walt Disney Company (DIS), and Wynn Resorts, Limited (WYNN).

Portfolio Pulse from Lisa Levin

August 09, 2023 | 6:10 am

LCID

TSLA

Lucid Motors has revealed the final specifications of its upcoming limited-production Air Sapphire, which can achieve 0-60 mph in 1.89 seconds and has an EPA-estimated range of 427 miles on a single charge. The car is priced at $249,000 and is expected to start production in September. The Sapphire is faster and has a longer range than Tesla's Model S Plaid, which is priced at $108,490.

Portfolio Pulse from Anan Ashraf

August 09, 2023 | 5:16 am

TSLA

Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk has responded to a user's request to address high shipping costs for overseas customers. The user suggested stocking items from Tesla and SpaceX stores in Europe to reduce costs. This comes as Tesla's popularity in the European Union is increasing, with June registrations jumping over 168% YoY and market share more than doubling to 3.3% from 1.5% in June 2022.

Portfolio Pulse from Anan Ashraf

August 09, 2023 | 4:42 am