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FOX

FOXA

NWSA

Rupert Murdoch, founder of Fox News and chairman of News Corp (NASDAQ:NWSA) and Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA), is reportedly losing confidence in Florida Gov. Ron DeSantis' ability to defeat Donald Trump in the 2024 election. Murdoch's media outlets have significant influence over conservative voters, and his shift in support could impact the election landscape. This comes amid a falling out between Trump and Fox News, with Trump criticizing the network's coverage of DeSantis.

Portfolio Pulse from Chris Katje

July 12, 2023 | 11:13 pm

INMD

Babylon Capital has highlighted Inmode (NASDAQ:INMD), a medical technology company, as an undervalued high-quality business with long-term potential. The company has a strong balance sheet, impressive growth, and high return metrics. Despite being a young mid-cap business, it has the potential to significantly impact the value of a portfolio, especially if it gains approvals for the use of its technology in non-aesthetic applications.

Portfolio Pulse from Dimitry Nakhla

July 12, 2023 | 10:11 pm

TSLA

Tesla Inc's Model Y has seen a significant surge in registrations in the US, with twice as many SUVs registered in the first five months of 2023 compared to the same period last year. This has contributed to the growth of the EV market, with EVs accounting for 7% of new car registrations, up from 4.6% the previous year. The average price of EVs has dropped 20% within a year, aligning with Tesla's strategy to increase the number of vehicles on the road.

Portfolio Pulse from Benzinga EV Insights

July 12, 2023 | 10:10 pm

META

Meta Platforms Inc's stock price hit the $300 resistance level for the first time since February 2022, marking a significant milestone. The stock has seen a 143% increase in 2023, largely due to successful initiatives and the popularity of their new app, Threads, which gained 100 million users in just 5 days. The future of the stock depends on whether it can break through the $300 resistance level.

Portfolio Pulse from Zaheer Anwari

July 12, 2023 | 9:56 pm

MSFT

SPY

The launch of OpenAI's ChatGPT chatbot and subsequent $10 billion investment by Microsoft Corp (NASDAQ:MSFT) led to increased valuations for AI stocks, particularly C3.ai Inc (NYSE:AI). C3.ai, a leading enterprise AI software provider, reported $266.8 million in revenue in the last fiscal year and is projected to hit profitability by the end of fiscal year 2024. A $1,000 investment in C3.ai shares the day after ChatGPT went live would be worth $3,114.48 today, outperforming both Microsoft and the SPDR S&P 500 ETF Trust (NYSE:SPY).

Portfolio Pulse from Chris Katje

July 12, 2023 | 9:54 pm

AMST

CENN

DXYN

EJH

GROV

JOAN

JXJT

MULN

NEGG

PIK

TBLT

VLCN

In Wednesday's after-market session, several consumer discretionary stocks saw significant movement. Mullen Automotive (MULN), Kidpik (PIK), Dixie Gr (DXYN), Newegg Commerce (NEGG), Volcon (VLCN), and ToughBuilt Industries (TBLT) all saw gains, while JX Luxventure (JXJT), Grove Collaborative Hldgs (GROV), Amesite (AMST), Cenntro Electric Gr (CENN), E-Home Household Service (EJH), and JOANN (JOAN) experienced losses.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 9:38 pm

CYRX

FRLN

NRXP

In Wednesday's after-market session, several healthcare stocks saw significant movement. Gainers included NRX Pharmaceuticals, Orchestra BioMed Hldgs, NeuBase Therapeutics, Matinas BioPharma Hldgs, Minerva Surgical, and Omega Therapeutics. Losers included CryoPort, Petros Pharma, Healthcare Triangle, Redhill Biopharma, Connect Biopharma Hldgs, and Freeline Therapeutics.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 9:38 pm

AULT

DSS

GWAV

HTOO

JYD

MLKN

PIXY

PPSI

SFWL

SIDU

WATT

In Wednesday's after-market session, several industrials stocks saw significant movement. Greenwave Tech Solns, ShiftPixy, Pioneer Power Solutions, Sidus Space, Shengfeng Development, and Energous saw their stocks rise by 10.2%, 7.05%, 6.1%, 6.04%, 4.85%, and 4.08% respectively. On the other hand, Ault Alliance, Jayud Global Logistics, MillerKnoll, DSS, Wheels Up Experience, and Fusion Fuel Green saw their stocks decrease by 5.5%, 5.13%, 4.93%, 4.9%, 4.11%, and 3.81% respectively.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 9:38 pm

UTME

VSAT

In Wednesday's after-market session, several information technology stocks experienced significant movement. Gainers included UTime (UTME), CI&T (CINT), Strong Global (SGE), ComSovereign Holding (COMS), DZS (DZSI), and SatixFy Communications (SATX). Losers included Viasat (VSAT), Actelis Networks (ASNS), WeTrade Group (WETG), HeartCore Enterprises (HTCR), FOXO Technologies (FOXO), and Intchains Gr (ICG).

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 9:37 pm

ETN

Eaton Corp (NYSE:ETN) has outperformed the market over the past 20 years by 4.27% on an annualized basis, producing an average annual return of 12.13%. If an investor had bought $100 of ETN stock 20 years ago, it would be worth $969.84 today.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 9:30 pm