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DOGEUSD

ETHUSD

PEPEUSD

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Crypto analyst Nicholas Merten predicts a potential downturn in the altcoin market, with a possible $60 billion decline. He also highlighted Ethereum's unsuccessful attempts to breach the $2,000 mark and expressed reservations about the market's response to upcoming developments like ETH 2 and EIP-1559.

Portfolio Pulse from Murtuza Merchant

September 02, 2023 | 3:35 pm

TSLA

UBER

In an interview with Benzinga CEO Jason Raznick, Ark Invest founder Cathie Wood discussed the future of Tesla's Full Self-Driving (FSD) program. She highlighted the role of AI in the development of FSD and noted that Tesla's safety metrics indicate that driving a Tesla with FSD is six times safer than the average car. Wood also compared Tesla to Cruise Automation, a driverless Uber competitor acquired by General Motors.

Portfolio Pulse from AJ Fabino

September 02, 2023 | 3:25 pm

FSR

GOEV

NIO

TSLA

VFS

XPEV

Tesla has cut prices of its Model 3, Model S, and Model X vehicles in the U.S. and Canada, triggering negative reactions from investors and analysts. The company also launched the Model 3 refresh in Asia and Europe. Fisker announced additional details of its affordable PEAR EV and expansion into three more European markets. Chinese EV companies Nio, XPeng, and Li Auto reported strong August sales. VinFast's shares plunged after a strong start. Canoo named a new CFO.

Portfolio Pulse from Shanthi Rexaline

September 02, 2023 | 2:02 pm

AAPL

DOGEUSD

NVDA

TSLA

The Dow Jones and the Nasdaq Composite had their best weeks since July, with increases of 1.4% and 3.3% respectively, while the S&P 500 saw its highest weekly gain since June at 2.5%. Unemployment in the U.S. rose slightly to 3.8% in August. Benzinga reports bullish outlooks on Nvidia Corp and Apple Inc, predicting a 12% to 15% rally by year's end. Crypto analyst Michael Van de Poppe predicts a 150% surge in Dogecoin if Elon Musk integrates the cryptocurrency into his platform. Tesla, Inc. is offering significant discounts on its Model 3 inventory in the U.S. and Canada, raising concerns about demand and margins.

Portfolio Pulse from Michael Cohen

September 02, 2023 | 1:22 pm

CWH

Camping World Holdings (NYSE:CWH) has received positive analyst ratings in the last quarter, with 2 bullish and 2 somewhat bullish ratings. The average 12-month price target for the company has increased by 14.75% from the previous average of $30.50 to $35.0. Analysts typically rate each stock once per quarter and their ratings can influence the stock's performance.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 9:00 pm

CFLT

Confluent (NASDAQ:CFLT) has received 16 analyst ratings in the last quarter, with 8 being bullish, 4 somewhat bullish, and 4 indifferent. The average price target is $39.81, indicating an upside from the current price of $33.25. This average has increased by 31.69% from the previous average price target of $30.23.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 9:00 pm

BIL

LQD

SGOV

Salman Ahmed, the global head of macro and strategic asset allocation at Fidelity International, warns of a potential recession in 2024 due to a wave of corporate debt refinancing. He suggests that the Federal Reserve's tightening of monetary policy and higher real interest rates could lead to an economic downturn. In anticipation, Fidelity International has adjusted its cash weighting and shifted to overweight. Cash-like ETFs such as SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and iShares 0-3 Month Treasury Bond ETF (SGOV) saw a sharp influx of money in August. The firm also prefers investment-grade credit, as tracked by the iShares iBoxx $ Inv Grade Corporate Bond ETF (LQD), over high-yield credit.

Portfolio Pulse from Piero Cingari

September 01, 2023 | 8:44 pm

GOOGL

A significant bearish stance on Alphabet (NASDAQ:GOOGL) has been observed through unusual options activity. The sentiment among these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $40.0 to $210.0 for Alphabet over the last 3 months. The price of GOOGL is currently down -0.37% at $135.66. Several experts have downgraded their actions on Alphabet with varying price targets.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:18 pm

NEE

A significant bearish stance has been taken on NextEra Energy (NYSE:NEE) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $50.0 to $77.5 for NextEra Energy over the last 3 months. Morgan Stanley and JP Morgan have maintained their Overweight rating on NextEra Energy, with price targets of $90 and $80 respectively.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:18 pm

AMZN

A significant bearish stance on Amazon.com (NASDAQ:AMZN) has been observed through unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 59% bearish. The whales have been targeting a price range from $70.0 to $200.0 for Amazon.com over the last 3 months. Current price of AMZN is $138.12. JP Morgan, Needham, and Barclays maintain positive ratings on Amazon, while Exane BNP Paribas and Wedbush have neutral ratings.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:18 pm