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JNJ

TSM

Investor sentiment declines as Nasdaq falls 2%. Cathie Wood's Ark Invest reduces GM stake and buys more Taiwan Semiconductor shares. UK Finance Ministry disagrees with calls to regulate crypto as gambling. CoinDesk is on the verge of a $125M acquisition. Microsoft-Activision deal may be heading towards settlement talks. AutoNation expected to report lower Q2 earnings. Starbucks partners with K-Pop stars BLACKPINK for potential sales boost. J&J investors will soon be able to exchange shares for Kenvue stocks.

Portfolio Pulse from Akanksha Bakshi

July 21, 2023 | 10:24 am

HITI

High Tide has filed a prospectus for a mixed shelf of up to C$100 million.

Portfolio Pulse from Charles Gross

July 21, 2023 | 10:17 am

EBS

The FDA has approved Emergent BioSolutions Inc's (NYSE:EBS) two-dose anthrax vaccine, Cyfendus, for adults aged 18 through 65. The vaccine is approved for post-exposure prophylaxis of disease following suspected or confirmed exposure to Bacillus anthracis. The U.S. government has been procuring this product for national preparedness efforts since 2019. Following the announcement, EBS shares jumped 17.28% in premarket trading.

Portfolio Pulse from Vandana Singh

July 21, 2023 | 10:15 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares slumped nearly 10% following the company's Q2 earnings, wiping off roughly $90 billion off the company's market capitalization. This was despite the company exceeding top- and bottom-line expectations. The drop was attributed to an increase in the 'other income' component, a production warning for Q3, hints at more price cuts, and a lack of clarity on the margin outlook. CEO Elon Musk's net worth fell by $20.3 billion as a result.

Portfolio Pulse from Shanthi Rexaline

July 21, 2023 | 10:13 am

JNJ

NFLX

TSLA

US markets ended mixed on Thursday, with Tesla and Netflix dragging S&P 500 and NASDAQ lower, while Dow Jones recorded a nine-day winning streak following strong Q2 earnings from Johnson & Johnson. Asian markets closed lower on Friday, with Japan's Nikkei 225, Australia's S&P/ASX 200, Shanghai Composite, and Shenzhen CSI 300 all recording losses. However, the Hang Seng index in Hong Kong closed higher. In the Eurozone, the Pan-European STOXX 600 index was up, while the DAX index in Germany traded lower. The U.K.'s FTSE 100 traded higher following stronger than expected retail sales data.

Portfolio Pulse from Akanksha Bakshi

July 21, 2023 | 10:11 am

NFLX

TSLA

CNBC Mad Money host Jim Cramer has termed Tesla Inc (TSLA) and Netflix Inc (NFLX) as the greatest investments of all time. This comes after both companies reported their Q2 earnings. However, both stocks closed down on Thursday, with Tesla shares falling 9.7% and Netflix down 8.4%. Tesla's stock dipped after the earnings call due to lack of a clear timeline for the delivery of its upcoming Cybertruck and a warning that production will slow down in Q3.

Portfolio Pulse from Anan Ashraf

July 21, 2023 | 10:08 am

ABT

BAC

JNJ

JPM

WFC

CNBC's Jim Cramer has identified potential winners as the market shifts focus away from tech. He highlighted sectors such as industrials, healthcare, and financials. His top picks include Johnson & Johnson (JNJ), Abbott Labs (ABT), JP Morgan (JPM), Wells Fargo (WFC), and Bank of America (BAC). He also suggests looking at the utilities sector but warns investors to understand the fundamentals of a company before investing.

Portfolio Pulse from Benzinga Neuro

July 21, 2023 | 10:07 am

NFLX

TSLA

The S&P 500 closed lower on Thursday due to losses in shares of Tesla Inc and Netflix Inc. Tesla's shares dipped 9.7% after reporting lower second-quarter gross margin. Netflix also contributed to the decline. The Dow, however, gained for the ninth straight session. The Nasdaq 100 dipped 2.28% amid these losses. The CBOE Volatility Index rose 1.7% to close at 13.99 on Thursday.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 9:57 am

AZPN

Loop Capital analyst Mark Schappel has downgraded Aspen Technology (NASDAQ:AZPN) from Buy to Hold and lowered the price target from $240 to $170.

Portfolio Pulse from richadhand@benzinga.com

July 21, 2023 | 9:49 am

QBTS

D-Wave Quantum Inc (NYSE:QBTS) has provided Q2 2023 preliminary revenues below the consensus, expecting revenues in the $1.65 million-$1.80 million range, below the consensus of $2.3 million. The company has also cut its 2023 outlook for revenue to $11 million-$13 million, down from $12 million-$13 million. Despite this, QBTS shares are trading higher by 1.09% at $2.78 premarket.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 9:49 am