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AustralianSuper, one of the world's largest pension funds, has reduced its positions in Apple Inc. and Microsoft Corp., increased its stake in Tesla Inc., and initiated a position in Nvidia Corp. in Q2 2023. This comes despite significant surges in Apple and Microsoft's stocks in the first half of 2023. Tesla shares have slipped due to production outlook concerns, while Nvidia's stock nearly tripled due to AI enthusiasm.

Portfolio Pulse from Benzinga Neuro

August 07, 2023 | 2:13 am

FRGI

Authentic Restaurant Brands is set to acquire Fiesta Restaurant Group for $8.50 per share, as reported by the Wall Street Journal. The deal involves the Pollo Tropical restaurant chain.

Portfolio Pulse from Charles Gross

August 06, 2023 | 11:19 pm

AMZN

Amazon.com Inc's shares soared after the company reported its Q2 financial results, nearing 52-week highs and increasing Jeff Bezos' wealth by nearly $11 billion. Bezos celebrated with a party on his $500 million yacht, Koru. No wedding date has been set for Bezos and his fiancée, Lauren Sanchez.

Portfolio Pulse from Chris Katje

August 06, 2023 | 9:41 pm

FTEL

GPAK

LQR

VTRO

Four companies, GAMER PAKISTAN INC (NASDAQ:GPAK), LQR House Inc. (NASDAQ:LQR), Vitro Biopharma, Inc (NASDAQ:VTRO), and FITELL CORPORATION (NASDAQ:FTEL), are set to go public this week. The companies have set their price ranges and will be offering shares to the public after meeting SEC requirements and working with investment banks to determine pricing, offering date, and other important data points.

Portfolio Pulse from Benzinga Insights

August 06, 2023 | 8:20 pm

AAPL

DKNG

DraftKings Inc (NASDAQ:DKNG) CEO Jason Robins has stated that the arrival of Lionel Messi to Major League Soccer (MLS) team Inter Miami is a 'big game changer' for MLS and has increased betting on the platform. He also noted that women's sports, particularly the Women's World Cup and WNBA, are seeing increased betting activity. Apple Inc (NASDAQ:AAPL), which holds exclusive media rights to the MLS, has seen subscription increases for its streaming platform and MLS Season Pass package.

Portfolio Pulse from Chris Katje

August 06, 2023 | 4:45 pm

APPL

BRK

Berkshire Hathaway's investment in Apple is set to yield significant dividends following Apple's strong Q2 performance. Apple announced a common stock dividend of $0.24 per share, which for Berkshire's 915,560,382 shares, equates to a dividend of $219.74 million. The fair value of Berkshire's Apple investment increased from $151 billion to $177.6 billion in Q2, potentially due to Apple's stock price increase or additional shares accumulated.

Portfolio Pulse from Shanthi Rexaline

August 06, 2023 | 2:16 pm

BTCUSD

Cryptocurrency analyst Tone Vays predicts that Bitcoin (BTC) will trend upwards as long as the support level at $28,000 is not breached. He suggests that Bitcoin could appreciate by around 17% from the current level, but should rise and stay above $30,000 for a couple of days. However, the risk of BTC witnessing further corrections will likely rise if Bitcoin plunges below the support level around $28,500.

Portfolio Pulse from Bibhu Pattnaik

August 06, 2023 | 12:53 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

The past week in the crypto sector saw significant developments including a SEC lawsuit against internet marketer Richard Heart, which led to a decline in major cryptocurrencies. X, formerly known as Twitter, is considering adding Bitcoin and Dogecoin trading. Dogecoin showed signs of a possible bull flag, while Shiba Inu unveiled a security enhancement. Florida Governor Ron DeSantis made a statement about the future of Bitcoin under his potential presidency.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 1:19 am

LCID

TSLA

Lucid Group, Inc. (NASDAQ:LCID) has announced significant price reductions across its electric vehicle models, with the cheapest model now starting at $82,400, down from $92,900. The company also plans to offer a cheaper Air Pure rear-wheel drive model at $77,400. The price cuts are part of Lucid's larger sales and marketing efforts to drive demand and deliveries. The company is also offering exclusive lease and financing options through Lucid Financial Services. The price cuts come as Lucid struggles with lower-than-expected Q2 production and deliveries and liquidity issues.

Portfolio Pulse from Shanthi Rexaline

August 05, 2023 | 9:22 pm

FSR

IEP

MDT

NKLA

PYPL

Barron's has covered several stories over the weekend, including the sell-off of medtech stocks such as Medtronic, Edwards Lifesciences, and Boston Scientific due to rising interest in the weight-loss drug Ozempic. PayPal's stock was downgraded due to competition from Apple Pay and declining margins. Nikola Corp's stock fell by 26% following approval to issue more shares and the announcement of a new CEO. Fisker Inc reported disappointing sales and cut its production guidance despite beating earnings forecasts. Icahn Enterprises cut its quarterly distribution and reported a larger Q2 loss.

Portfolio Pulse from Justin Chan

August 05, 2023 | 9:13 pm