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Vice President Kamala Harris will not attend the Bitcoin 2024 conference, sparking controversy within the cryptocurrency community. Criticisms from industry leaders highlight the administration's strained relationship with digital assets. Former President Donald Trump is set to speak at the event, with analysts advising against shorting Bitcoin ahead of his appearance.

Portfolio Pulse from Murtuza Merchant

July 24, 2024 | 4:50 pm

TSLA

Tesla's Q2 financial results have led to mixed reactions from analysts, primarily focusing on the company's automotive gross margins. Analysts have adjusted their ratings and price targets, with some highlighting upcoming catalysts like Robotaxi Day, new product launches, and potential FSD licensing. Despite the current challenges, many analysts remain optimistic about Tesla's long-term growth prospects.

Portfolio Pulse from Chris Katje

July 24, 2024 | 4:48 pm

AZTR

Azitra Inc. (AMEX:AZTR) shares are crashing after the company announced a $10 million public offering of 6,665,000 common shares and Class A warrants at $1.50 per share. The stock is down 74.8% to $1.25 following the announcement.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 4:44 pm

VWE

Vintage Wine Estates Inc (NASDAQ:VWE) shares plummeted by 32.6% to $0.07 after the company announced a Chapter 11 bankruptcy filing, voluntary delisting, and SEC deregistration. VWE aims to address its debt obligations through asset sales and has secured a $60.5 million debtor-in-possession financing facility to support operations during restructuring.

Portfolio Pulse from Henry Khederian

July 24, 2024 | 4:41 pm

AAPL

AMZN

GOOGL

MAGS

META

MSFT

NVDA

SPY

TSLA

Despite a recent correction in tech stocks, the 'Magnificent Seven' companies still make up over 30% of the S&P 500. The Roundhill Magnificent Seven ETF (MAGS) has dropped over 10% in the past two weeks, but the ETF is still up over 35% for the year. Experts warn of potential overvaluation in stocks like NVIDIA.

Portfolio Pulse from Hayden Buckfire

July 24, 2024 | 4:40 pm

SPOT

Spotify Technology SA (NYSE:SPOT) reported strong second-quarter results, exceeding gross margin guidance and receiving multiple analyst upgrades and increased price targets. Despite lower-than-expected Monthly Active Users (MAUs), the company showed strong premium subscriber growth and operating income. Analysts expect continued momentum in gross margin and operating income.

Portfolio Pulse from Priya Nigam

July 24, 2024 | 4:34 pm

WEX

WEX (NYSE:WEX) has significantly outperformed the market over the past 15 years, delivering an average annual return of 44.31%. A $100 investment in WEX 15 years ago would be worth $23,562.34 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 4:30 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has outperformed the market over the past 5 years with an average annual return of 20.86%, surpassing the market by 8.25% annually. A $1000 investment in ISRG 5 years ago would be worth $2,588.58 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 4:30 pm

AZTR

LW

NUWE

PIRS

PRG

SGMO

TSLA

U.S. stocks traded lower with the Dow down 0.76%, NASDAQ down 2.89%, and S&P 500 down 1.75%. Tesla shares plunged over 11% after Q2 results, missing earnings estimates but beating revenue expectations. Pieris Pharmaceuticals, Sangamo Therapeutics, and PROG Holdings saw significant gains, while Azitra, Nuwellis, and Lamb Weston Holdings experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 4:30 pm

CHPT

ChargePoint Holdings Inc (NYSE:CHPT) shares are trading lower by 3.5% to $2.05, likely due to Tesla's mixed second-quarter earnings and forecast of reduced vehicle volume growth for 2024. Tesla's performance can influence the EV sector, potentially reducing demand for ChargePoint's charging infrastructure.

Portfolio Pulse from Henry Khederian

July 24, 2024 | 4:28 pm