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META

Meta Platforms Inc.'s (NASDAQ:META) Threads app has seen a significant increase in user engagement and web traffic since its launch in July 2023. Monthly active users in the U.S. grew by 15.8% and by 6.3% in the U.K. from August 2023 to May 2024. In June 2024, traffic to Threads.net increased by approximately 9% compared to its launch month. Despite this growth, Threads still lags behind X in terms of monthly active users, although X's user base is declining.

Portfolio Pulse from Bibhu Pattnaik

July 27, 2024 | 5:17 pm

AMC

GOOG

META

TSLA

Benzinga reviewed the performance of popular stocks and economic indicators over the past week. The S&P 500 and Nasdaq experienced losses, while the Dow and Russell 2000 saw gains. Key economic data showed stronger-than-expected growth and lower inflation, raising hopes for interest rate cuts. The article highlighted bullish and bearish stock analyses, including AMC's debt restructuring, Tesla's innovation-driven growth, and concerns over Alphabet's AI investments.

Portfolio Pulse from Michael Cohen

July 27, 2024 | 3:59 pm

GM

KARS

LCID

RIVN

TSLA

XIACY

This week saw significant developments in the EV sector, with Tesla's mixed earnings report leading to a stock drop, Rivian's CEO discussing the new R2 platform, GM scaling back its EV goals, Xiaomi ramping up EV production, and Lucid securing a battery material deal. The KraneShares Electric Vehicles and Future Mobility Index ETF also saw a decline.

Portfolio Pulse from Shanthi Rexaline

July 27, 2024 | 3:43 pm

BTCUSD

SOLUSD

Crypto analyst Raoul Pal predicts that Solana (SOL) will outperform Bitcoin (BTC) due to a bullish inverse head and shoulders pattern. Pal suggests a potential price target of $265 for Solana, indicating a more than 45% gain from its current value.

Portfolio Pulse from Bibhu Pattnaik

July 27, 2024 | 2:54 pm

AVGO

IEFA

NVDA

PANW

VTV

VUG

A recent Benzinga poll compared the investment styles of Nancy Pelosi and Kamala Harris, revealing that 66% of respondents believe Pelosi is the better investor. Pelosi prefers individual stocks like NVIDIA, Broadcom, and Palo Alto Networks, while Harris and her husband favor ETFs and mutual funds, including iShares Core MSCI EAFE ETF and Vanguard ETFs. The poll also highlighted that Harris's wealth is in line with most respondents' expectations.

Portfolio Pulse from Chris Katje

July 27, 2024 | 1:30 pm

BTCUSD

Anthony Scaramucci and Sen. Tim Scott discuss the potential impact of a second Trump presidency on Bitcoin prices ahead of the Bitcoin 2024 conference. Scaramucci believes Trump's pro-crypto stance has surprised Democrats and could positively influence Bitcoin prices. Analysts at Bernstein also suggest a Trump win could lead to favorable cryptocurrency regulations.

Portfolio Pulse from Rounak Jain

July 27, 2024 | 10:00 am

BTCUSD

Robert F. Kennedy Jr. questions Donald Trump's pro-cryptocurrency stance as both vie for crypto-holder support in the 2024 presidential race. Kennedy expressed skepticism at the Bitcoin 2024 conference, while Trump is set to speak on Saturday. Kennedy pledged to make Bitcoin tax-free and build a reserve if elected.

Portfolio Pulse from Navdeep Yadav

July 27, 2024 | 6:36 am

GOOG

GOOGL

Deepwater Asset Management's Gene Munster and Doug Clinton have downplayed concerns that OpenAI's SearchGPT could significantly threaten Alphabet Inc.'s Google Search. Despite a minor dip in Google's stock following the announcement of SearchGPT, the analysts believe that the new AI-powered search engine does not pose a substantial threat to Google's dominance.

Portfolio Pulse from Ananya Gairola

July 27, 2024 | 4:00 am

AMZN

GOOG

GOOGL

Google has ended its business relationship with One Medical, a primary healthcare provider acquired by Amazon for $3.9 billion. The decision is not related to Amazon's acquisition. Google employees will continue to have One Medical memberships through the end of 2024, after which the existing One Medical centers on Google's campus will transition to Premise Health.

Portfolio Pulse from Rounak Jain

July 27, 2024 | 2:20 am

HRB

H&R Block (NYSE:HRB) has outperformed the market over the past 5 years, delivering an average annual return of 15.37%. A $1000 investment in HRB 5 years ago would be worth $2,049.30 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 9:30 pm