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BTCUSD

MSTR

Berenberg Capital Market has set a price target of $430 for MicroStrategy Inc (NASDAQ:MSTR), citing the company's extensive Bitcoin holdings as a key value driver. The firm anticipates that the upcoming Bitcoin halving event in 2024, which reduces the rate of new coin issuance by 50%, will likely boost MicroStrategy's prospects. However, the halving could negatively impact Bitcoin miners, particularly those operating with suboptimal efficiency or high costs.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 7:35 am

BYRN

HELE

The CNN Money Fear and Greed index remained in the 'Extreme Greed' zone on Monday, with U.S. stocks closing higher after a poor performance last week. Helen of Troy Limited (NASDAQ:HELE) shares jumped over 18% after reporting better-than-expected Q1 results and issuing guidance. Investors are awaiting earnings results from Byrna Technologies Inc. (NASDAQ:BYRN).

Portfolio Pulse from Lisa Levin

July 11, 2023 | 6:22 am

IOVA

Iovance Biotherapeutics has priced its public offering at $7.50 per share, expecting to raise approximately $150 million in gross proceeds before deductions for underwriting discounts, commissions, and other estimated offering expenses.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 5:49 am

ADPT

DKNG

KTOS

SURF

TSM

Ark Investment Management, led by Cathie Wood, has invested $3.28 million in Taiwan Semiconductor Manufacturing Company Limited (TSM), purchasing 32,896 shares. This comes after TSM reported better-than-expected Q2 sales. Ark also bought shares of PagerDuty, Inc. (PD) and Adaptive Technologies, Inc. (ADPT). Meanwhile, it sold shares of Kratos Defense & Security Solutions, Inc. (KTOS), Surface Oncology, Inc. (SURF), and DraftKings, Inc. (DKNG).

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 5:45 am

TSLA

Jim Cramer, a market commentator, has stated that Ford Motor Co's electric truck Lightning is superior to Tesla's upcoming Cybertruck. Cramer also mentioned that he sees 'real value' in Ford more than its current $14 share price, suggesting it could return to its high of $25 from January 2022. Ford CEO Jim Farley agreed with Cramer's view on the Cybertruck, dismissing it as a high-end product for Silicon Valley people, while Ford makes trucks for real people who do real work.

Portfolio Pulse from Anan Ashraf

July 11, 2023 | 3:19 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw gains as the number of wallets holding at least one Bitcoin reached a record-breaking 1,008,737 million. Analysts suggest that this surge in decentralization within the network could lead to a 'big move' for Bitcoin. Standard Chartered has given Bitcoin a strong vote of confidence with a price target of $50,000 this year and $120,000 for 2024. However, the timeline for the next Bitcoin bull run is estimated to be about eight months.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 2:53 am

META

TWTR

Anas Haqqani, a senior leader in the Taliban, has publicly endorsed Twitter over Meta Platforms Inc’s Threads, criticizing Meta's content policy as 'intolerant'. This comes amidst Twitter's struggle to retain users and advertisers, with the site facing operational issues and competition from rising platforms like Threads. Under Elon Musk's leadership, Twitter has reportedly seen a surge in hate speech and a 59% plunge in ad sales since last year.

Portfolio Pulse from Benzinga Newsbot

July 11, 2023 | 12:57 am

FSR

HOOD

IOVA

RIOT

TSLA

U.S. stocks traded higher with the Nasdaq Composite, Dow, and S&P 500 all seeing gains. Fisker Inc (FSR) closed 17.17% higher after announcing a convertible notes offering. Robinhood Markets Inc (HOOD) closed 3.89% higher with unusual options activity. Tesla Inc (TSLA) closed 1.76% lower despite an upgraded price target. Riot Platforms Inc (RIOT) closed 8.91% higher with unusual options activity. Iovance Biotherapeutics Inc (IOVA) closed 21.41% higher after announcing positive regulatory and clinical updates.

Portfolio Pulse from Benzinga Newsbot

July 11, 2023 | 12:20 am

KZIA

Bank of New York Mellon has increased its stake in Kazia Therapeutics from 32.16% on April 5, 2023, to 36.21% on July 7, 2023.

Portfolio Pulse from Charles Gross

July 10, 2023 | 11:12 pm