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TSLA

Benzinga's analysis highlights the S&P 500 and Nasdaq 100's positive performance, driven by AI optimism. Treasury Secretary Janet Yellen expressed concerns about digital assets and the commercial real estate sector, advocating for regulatory action and fiscal sustainability. Bullish views were shared on Tesla, Palantir, and a meme coin named Floki, while bearish perspectives focused on the market dominance of tech giants, Disney's diversity policies, and PayPal's conservative outlook for 2024.

Portfolio Pulse from Michael Cohen

February 10, 2024 | 1:39 pm

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has warned of an impending economic crash and advises investors to buy gold, silver, and Bitcoin. He likens the situation to a pilot's bailout, suggesting these assets could serve as financial parachutes. Geoff Kendrick of Standard Chartered shares a bullish outlook on Bitcoin, predicting it could reach $100,000 by year-end and $200,000 by 2025. Kiyosaki has raised his Bitcoin forecast to $150,000 in anticipation of potential Bitcoin ETF approval.

Portfolio Pulse from Rounak Jain

February 10, 2024 | 8:14 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

The escalating geopolitical tensions between China and Taiwan pose a significant risk to the Magnificent Seven tech giants, including Apple, Amazon, NVIDIA, Tesla, Meta Platforms, Alphabet, and Microsoft, as per Jeremy Grantham's GMO. These companies, with substantial revenue exposure and ties to Taiwan's chip industry, could face challenges in accessing crucial technologies for AI development.

Portfolio Pulse from Ananya Gairola

February 10, 2024 | 3:59 am

AMZN

Jeff Bezos, founder of Amazon.com Inc. (NASDAQ:AMZN), has sold $2 billion worth of Amazon shares, marking his first major stock sale since 2021. Bezos plans to sell up to 50 million shares over the next year, with 38 million shares still to offload, potentially netting him an additional $6 billion to $6.5 billion. This move comes as Amazon's stock continues to soar, with Bezos' wealth increasing by $22.6 billion this year, reaching $200 billion. Amazon shares closed at $174.55, up by 2.77% in the last 24 hours.

Portfolio Pulse from Rounak Jain

February 10, 2024 | 3:17 am

BTCUSD

Bitcoin (BTC) has seen a significant recovery, reaching its highest level in 2024 at approximately $47,565. Standard Chartered analyst Geoff Kendrick predicts Bitcoin could hit $100,000 by the end of 2024, attributing the surge to the approval of Bitcoin spot ETFs by the SEC and changing flow dynamics in the ETF market. Kendrick's optimism is supported by the industry, with predictions of Bitcoin reaching $100,000 based on potential inflows post the spot Bitcoin ETF approval.

Portfolio Pulse from Ananya Gairola

February 10, 2024 | 1:43 am

ACB

Aurora Cannabis Inc (NASDAQ:ACB) CEO Miguel Martin discussed the company's record earnings and strategic global expansion on Benzinga's Cannabis Insider podcast. Aurora reported its fifth consecutive quarter of adjusted EBITDA positivity, a 41% increase in international medical cannabis revenue, and a significant reduction in losses from the previous year. The acquisition of MedReleaf Australia is highlighted as a key move in Aurora's strategy, aiming to lead in high-margin, clinician-led markets. Aurora boasts a strong financial position with over $200 million in the balance sheet and no debt, focusing on innovation, quality, and patient care in the medical cannabis sector.

Portfolio Pulse from Patricio Liddle

February 09, 2024 | 11:34 pm

DOGEUSD

SHIBUSD

SOLUSD

WIFUSD

Dogwifhat (CRYPTO: WIF), a meme coin on the Solana blockchain, has seen a 50% increase in value over three days, outperforming other top meme cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The coin's trading volume expanded by 72%, indicating growing trader interest. Bitfinex announced the listing of WIF, further boosting its visibility. Solana (CRYPTO: SOL) also experienced a 6.4% increase, contributing to the positive sentiment around WIF. Analysts and social media users are predicting further gains for WIF, drawing parallels with other successful meme coins.

Portfolio Pulse from Khyathi Dalal

February 09, 2024 | 9:59 pm

DOGEUSD

Dogecoin (DOGE) has seen a positive shift, trading 1.9% higher on Friday, with analysts predicting a 45%-50% rally if it maintains above the 8-cent level. This uptick is attributed to increased transactions, SpaceX accepting DOGE for a mission, and significant whale activity. Despite a slow start to the week, optimism is bolstered by a growing number of DOGE holders and a surge in new addresses.

Portfolio Pulse from Khyathi Dalal

February 09, 2024 | 9:53 pm

FIVE

$1000 invested in Five Below (NASDAQ:FIVE) 10 years ago would now be worth $5,162.57, showcasing an average annual return of 17.76% and outperforming the market by 7.16% annually. Currently, Five Below has a market cap of $10.43 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 9:30 pm

ACM

AECOM (NYSE:ACM) has delivered an average annual return of 24.55% over the past 5 years, outperforming the market by 11.72%. An investment of $1000 in ACM 5 years ago would now be worth $3,080.15. The company currently has a market capitalization of $12.18 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 9:30 pm