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BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Sunday evening amid the turmoil surrounding Curve Finance and its CRV token. The U.S. July jobs report had little impact on Bitcoin’s price. The global crypto market capitalization stands at $1.16 trillion, a 0.31% increase in the last day. Analysts predict that regulatory decisions and ETF rulings will trigger a meaningful crypto move. The total market capitalization of the crypto market appears to be forming a higher low, expected to coincide with the 200-Week Moving Average (MA) / Exponential Moving Average (EMA).

Portfolio Pulse from Mehab Qureshi

August 07, 2023 | 2:26 am

BTCUSD

Cryptocurrency analyst Tone Vays predicts that Bitcoin (BTC) will trend upwards as long as the support level at $28,000 is not breached. He suggests that Bitcoin could appreciate by around 17% from the current level, but should rise and stay above $30,000 for a couple of days. However, the risk of BTC witnessing further corrections will likely rise if Bitcoin plunges below the support level around $28,500.

Portfolio Pulse from Bibhu Pattnaik

August 06, 2023 | 12:53 pm

BAC

BRK

JPM

This week's economic highlights include Warren Buffett's indifference to Fitch's U.S. rating downgrade, JPMorgan CEO Jamie Dimon's concerns about fiscal spending and the Ukraine crisis, Bank of America's withdrawal of its recession forecast due to a strong job market, Paul Krugman's praise for Bidenomics, and Jim Cramer's skepticism about China's economic strategy.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 8:48 am

FSR

IEP

MDT

NKLA

PYPL

Barron's has covered several stories over the weekend, including the sell-off of medtech stocks such as Medtronic, Edwards Lifesciences, and Boston Scientific due to rising interest in the weight-loss drug Ozempic. PayPal's stock was downgraded due to competition from Apple Pay and declining margins. Nikola Corp's stock fell by 26% following approval to issue more shares and the announcement of a new CEO. Fisker Inc reported disappointing sales and cut its production guidance despite beating earnings forecasts. Icahn Enterprises cut its quarterly distribution and reported a larger Q2 loss.

Portfolio Pulse from Justin Chan

August 05, 2023 | 9:13 pm

AAPL

Apple Inc's market value has dipped below $3 trillion due to concerns over the company's fourth-quarter outlook and sluggish demand for smartphones and other electronic devices. The company's shares experienced a significant drop of 4.8%, leading to a market capitalization of approximately $2.85 trillion. Rosenblatt Securities downgraded the stock to neutral, citing a slowdown phase.

Portfolio Pulse from Bibhu Pattnaik

August 05, 2023 | 3:51 pm

BLK

HOOD

JPM

MSCI

TSLA

UBER

The major stock indexes experienced a down week, with the Nasdaq, S&P, and Dow falling by roughly 2.9%, 2.3%, and 1.1% respectively. Fitch Ratings lowered the U.S. government's credit rating from AAA to AA+. Despite this, the job market remained robust with the unemployment rate dropping to 3.5%. Tesla, Inc. (TSLA) was suggested to buy Uber Technologies, Inc. (UBER) to capitalize on autonomous ride-hailing. Robinhood Markets, Inc. (HOOD), Uber, and Wayfair Inc. (W) achieved unexpected profitability in Q2. X, formerly Twitter, is exploring the possibility of building a trading hub for cryptocurrencies. Ford Motor Co's (F) Q2 revenue surge overshadowed a $4.5 billion loss in EV. BlackRock Inc (BLK) and MSCI Inc (MSCI) are under scrutiny for allegedly channeling investments into Chinese companies accused of human rights violations. JPMorgan Chase & Co (JPM) CEO Jamie Dimon expressed heightened concern over fiscal spending, quantitative tightening, and the Ukraine crisis.

Portfolio Pulse from Michael Cohen

August 05, 2023 | 1:20 pm

Over the past 3 months, 10 analysts have published their opinion on CF Industries Holdings (NYSE:CF) stock. The average price target is $80.7, which is a 4.18% decrease from the previous average price target of $84.22. The current price of CF Industries Holdings is $81.24.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:00 pm

PTLO

Analysts have provided somewhat bullish ratings for Portillos (NASDAQ:PTLO) within the last quarter, with an average price target of $26.0 versus the current price of $19.43. This represents a 8.22% decrease from the previous average price target of $28.33.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:00 pm

PNW

Over the past 3 months, 10 analysts have published their opinion on Pinnacle West Capital (NYSE:PNW) stock. The majority of these analysts are indifferent about the stock, with 1 somewhat bearish and 1 bearish. The average 12-month price target for the stock is $76.0, an increase of 2.29% from the previous average price target of $74.30.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:00 pm

CLFD

In the last quarter, Clearfield (NASDAQ:CLFD) received two bullish and two indifferent ratings from analysts. The company's average 12-month price target is $50.75, with a high of $60.00 and a low of $38.00. This average price target has increased by 20.83% over the past month.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:00 pm