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SHIB-USD

This week in crypto saw Shiba Inu's whale transaction volume surge by 551.4%, despite a 4.3% dip in its price. Over $200 million in long crypto positions were liquidated, with Bitcoin and Ethereum taking significant hits. Donald Trump expressed opposition to Central Bank Digital Currencies (CBDCs), vowing to prevent their creation in the U.S. An analyst predicted Dogecoin could reach $5, a 6000% increase. Edward Snowden commented on JP Morgan CEO's changing Bitcoin stance after SEC approved a Bitcoin ETF.

Portfolio Pulse from Benzinga Neuro

January 20, 2024 | 3:53 pm

ARKB

ARKW

BTCUSD

Cathie Wood, CEO of Ark Invest, highlighted Bitcoin's security by noting it is backed by the world's largest computer network, larger than those of Amazon, Microsoft, and Google combined. Elon Musk responded with 'Wow' to this analysis. Michael Saylor of MicroStrategy also supported Bitcoin's technological significance. Wood criticized JPMorgan CEO Jamie Dimon's skepticism towards Bitcoin. Ark Next Generation Internet ETF (ARKW) has invested 1% of its funds in the Ark 21 Shares Bitcoin ETF (ARKB). Bitcoin's price was up 1.10% at $41,546.

Portfolio Pulse from Rounak Jain

January 20, 2024 | 9:03 am

BLK

The SEC has initiated a public comment period for a Nasdaq proposal to allow options trading on BlackRock's spot Bitcoin ETF. The 21-day comment period follows the SEC's recent approval for BlackRock's iShares Bitcoin Trust, which experienced significant inflows. The SEC's move is seen as a positive step towards cryptocurrency trading and regulation, with attention also shifting to potential Ethereum ETFs. Major firms like BlackRock and Fidelity are vying for approval of a spot Ethereum ETF, with the SEC extending its decision on Fidelity's proposal to March 5.

Portfolio Pulse from Murtuza Merchant

January 19, 2024 | 9:56 pm

PXD

Over the past 20 years, Pioneer Natural Resources (NYSE:PXD) has produced an average annual return of 9.79%, outperforming the market. A $100 investment in PXD 20 years ago would be worth $640.75 today. The company's current market capitalization is $50.66 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:30 pm

ELF

e.l.f. Beauty (NYSE:ELF) has significantly outperformed the market, with an average annual return of 80.88% over the past 5 years. An initial investment of $1000 in ELF stock 5 years ago would now be worth $19,360.74. The company currently holds a market capitalization of $8.72 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:30 pm

ARKB

MSTR

Cathie Wood, CEO of Ark Invest, remains bullish on Bitcoin despite its recent 5% decline, citing the cryptocurrency's backing by the world's largest computer network. Yassine Elmandjra of ARK Investment Management supports this view, noting Bitcoin's hash rate and performance compared to supercomputers. Wood's firm has invested in the ARK 21Shares Bitcoin ETF (ARKB), and she shares a similar sentiment to Michael Saylor of MicroStrategy (MSTR) regarding Bitcoin's value as a secure digital asset. Despite potential short-term sell pressure, the upcoming halving event is anticipated to be bullish for Bitcoin.

Portfolio Pulse from Khyathi Dalal

January 19, 2024 | 9:20 pm

AMD

META

NVDA

SPY

The S&P 500 index has reached a new record high of 4,839 points, driven by strong performances from tech giants and semiconductor stocks. The Federal Reserve's potential interest rate cuts in 2024, following a sustained decline in inflation, have also contributed to the market's optimism. NVIDIA, Meta Platforms, and AMD were top performers in 2023, with significant gains. The SPDR S&P 500 ETF Trust (SPY) reflects these trends with its leading performers, including Juniper Networks, NVIDIA, AMD, Palo Alto Networks, and Arista Networks.

Portfolio Pulse from Piero Cingari

January 19, 2024 | 9:03 pm

CI

Over the past 15 years, Cigna Group (NYSE:CI) has produced an average annual return of 21.82%, outperforming the market. A $100 investment in CI 15 years ago would now be worth $1,940.30. Cigna Group's current market capitalization stands at $88.12 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:00 pm

GOEV

Canoo (NYSE:GOEV) has seen a decrease in short interest, with the short percent of float dropping 10.94% since the last report. The company has 108.22 million shares sold short, representing 15.55% of available shares. The average time to cover these short positions is 2.72 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Canoo's short interest is higher than its peer group average of 12.26%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:45 pm

SQNXF

Square Enix Holdings Co Ltd (OTC:SQNXF) is shifting its game development strategy to focus on quality over quantity, with plans to release fewer titles across a more diverse range of genres. President Takashi Kiryu acknowledged the company's overreliance on RPG franchises and the need to adapt to changing gamer preferences, such as the success of casual games like Powerwash Simulator. Square Enix aims to enhance internal development and is open to acquisitions to improve game quality. The company is also investing in AI and blockchain technology, with key releases like Foamstars, Visions of Mana, and remakes of Dragon Quest 3 and Dragon Quest 12 slated for 2024.

Portfolio Pulse from Franca Quarneti

January 19, 2024 | 8:31 pm