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Wall Street analysts, including Alfonso Peccatiello, predict a shorter and shallower Fed rate cut cycle due to bullish sentiment on Bitcoin and other risky assets. This sentiment could limit the Federal Reserve's ability to ease monetary policies, potentially leading to higher inflation. Peccatiello draws parallels to past market frenzies and suggests that the Fed might adopt a 1995-style approach, disappointing investors expecting more significant rate cuts.

Portfolio Pulse from Piero Cingari

March 11, 2024 | 5:16 pm

BCH

Bitcoin Cash (CRYPTO: BCH) saw a 6% increase to $441.44, influenced by Bitcoin's new all-time high of $72,000. The rise in Bitcoin often boosts market sentiment, benefiting altcoins like Bitcoin Cash. This trend reflects investors' optimism and interest in exploring alternative cryptocurrencies.

Portfolio Pulse from Henry Khederian

March 11, 2024 | 5:06 pm

LTCUSD

Litecoin (CRYPTO: LTC) experienced a 19% increase in its price to $103.39, largely due to a surge in Bitcoin's price to a new all-time high of $72,000. This rise in Bitcoin often attracts new investors to the cryptocurrency space, who may also invest in altcoins like Litecoin, boosting its demand and price. Litecoin's similarities to Bitcoin, such as its decentralized nature and limited supply, make it appealing to investors bullish on Bitcoin.

Portfolio Pulse from Henry Khederian

March 11, 2024 | 5:05 pm

IDXX

Over the past 5 years, IDEXX Laboratories (NASDAQ:IDXX) has produced an average annual return of 20.48%, outperforming the market by 7.8%. A $100 investment in IDXX 5 years ago would now be worth $260.30. IDEXX's market capitalization stands at $46.65 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:00 pm

RIOT

Over the past 5 years, Riot Platforms (NASDAQ:RIOT) has achieved an average annual return of 26.64%, outperforming the market by 13.96%. A $1000 investment in RIOT 5 years ago would now be worth $3,573.53. The company currently has a market capitalization of $3.26 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:00 pm

GBTC

IBIT

Grayscale Bitcoin Trust (GBTC) and iShares Bitcoin ETF (IBIT) shares are trading higher as Bitcoin hits all-time highs, with Bitcoin breaking the $72,000 mark. The surge is attributed to strong net inflows into Bitcoin spot ETFs, with nine ETFs now holding over 4% of Bitcoin's total circulating supply. On March 7, net inflows reached $472 million, and the total net asset value of these ETFs surpassed $54 billion. GBTC shares are up 4.8% at $64.86, and IBIT shares are up 5% at $41.53.

Portfolio Pulse from Erica Kollmann

March 11, 2024 | 4:52 pm

BA

Boeing (NYSE:BA) has seen unusual options activity, with a mix of bearish and bullish sentiments among big-money investors. A total of 78 uncommon options trades were spotted, with 47 puts and 31 calls, indicating a split sentiment. The price target range for Boeing based on these options is between $140.0 and $270.0. The largest trades include both bearish and bullish positions, with significant open interest and volume in options within the $140.0 to $270.0 strike price range. Boeing's stock is currently down by -2.15%, trading at $194.22, with an RSI suggesting a neutral position. The company competes in aerospace and defense, with its next earnings release anticipated in 44 days.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:46 pm

NSC

Over the past 20 years, Norfolk Southern (NYSE:NSC) has produced an average annual return of 15.66%, outperforming the market by 7.83% on an annualized basis. A $100 investment in NSC 20 years ago would be worth $1,827.20 today. Norfolk Southern currently has a market capitalization of $58.63 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:30 pm

GLD

Gold prices are on the rise, potentially due to market anticipation of upcoming Federal Reserve interest rate cuts.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:20 pm

SPY

The White House projects an increase in receipts from 16.5% of GDP in FY23 to 18.7% in FY25, reaching 20.3% by FY34. Public debt is expected to rise from 97.3% of GDP in FY23 to 102.2% in FY25, and further to 105.6% by FY34. Real interest rates are forecasted at 1.2% in FY25, with an average of 1.3% over the FY 2025-2034 period. U.S. real GDP growth is estimated at 1.8% in 2025, 2.0% in 2028, and 2.2% in 2034, based on November forecasts.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:18 pm