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A court ruling in the Ripple vs. SEC case determined that Ripple's sales cannot be classified as investment contracts, sparking reactions from the crypto community. The ruling is seen as a significant win for Ripple and the broader crypto industry. Following the ruling, tokens deemed unregistered securities by the SEC, including Solana, Cardano, and Polygon, posted double-digit gains.

Portfolio Pulse from Murtuza Merchant

July 13, 2023 | 7:45 pm

GOOG

GOOGL

Alphabet, Inc's stock (NASDAQ:GOOG) (NASDAQ:GOOGL) rose over 4% on Thursday, breaking from a recent downtrend, following the launch of its chatbot, Bard, in Europe and Brazil. Bard is a top rival of Microsoft-backed ChatGPT. The stock's move higher negated its recent downtrend, and for an uptrend to confirm, the stock will have to eventually retrace lower to print a higher low.

Portfolio Pulse from Melanie Schaffer

July 13, 2023 | 7:37 pm

SPY

The market on close imbalance is leaning towards the sell-side with $344 million. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 7:33 pm

KKR

KKR & Co (NYSE:KKR) has outperformed the market over the past 5 years by 7.88% on an annualized basis, producing an average annual return of 17.78%. If an investor had bought $1000 of KKR stock 5 years ago, it would be worth $2,291.54 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 7:30 pm

STM

STMicroelectronics (NYSE:STM) has outperformed the market over the past 15 years by 1.95% on an annualized basis, producing an average annual return of 10.8%. If an investor had bought $100 of STM stock 15 years ago, it would be worth $471.19 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 7:30 pm

SQ

XRPUSD

Shares of Block, Inc. (NYSE:SQ) are rising after a U.S. judge ruled that Ripple (CRYPTO: XRP) sales do not constitute an offer of investment contracts. This ruling is likely to impact the entire crypto industry and many companies facing similar legal challenges. SQ shares were up 7.03% at $76.23 at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 13, 2023 | 7:29 pm

TSLA

Tesla shares are trading higher due to strength in growth stocks following soft inflation data. The company is also reportedly in talks to set up a factory in India.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 7:27 pm

MSFT

NET

PANW

ZS

Needham analyst Alex Henderson reiterated Zscaler Inc (ZS) with a Strong Buy and a $210 price target, stating that Zscaler's technology and market position make it a solid investment. Microsoft Corp's (MSFT) entry into the Access Proxy market with 'New Entra' products is seen as incremental and unlikely to shift the competitive landscape. Zscaler's access network offers superior security features compared to Microsoft's Proxy. JMP Securities analyst Trevor Walsh also reiterated Zscaler with a Market Outperform and a $225 price target.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 7:22 pm

NFTG

Shares of The NFT Gaming Company, Inc. (NASDAQ:NFTG) fell despite the company expressing satisfaction over Google Play's new policy allowing video game publishers to sell nonfungible token (NFT) games in its store. The company's CEO, Vadim Mat, stated that this policy benefits NFTG's vision to roll out the Gaxos platform that offers NFT-enabled games.

Portfolio Pulse from Ryan Gustafson

July 13, 2023 | 7:21 pm

U

Unity Software Inc. (NYSE:U) shares are trading higher on strong volume amid overall market strength following softer-than-expected June inflation data. The stock has rallied 58.94% over the last three months. The increase in price is part of a larger upside trend for Unity.

Portfolio Pulse from Ryan Gustafson

July 13, 2023 | 7:17 pm