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Bitcoin's value has risen by 15% due to anticipation of spot ETF approvals. The SEC's final deadline for rebuttal comments is Jan. 5, 2024, hinting at a possible approval soon after. The market is watching for the actual investment flows post-approval to determine Bitcoin's price direction. The symbolic date of Jan. 3, 2024, marks Bitcoin's 15th anniversary and could coincide with the approval. Thirteen applications for spot ETFs are in contention, with more traditional finance products related to Bitcoin and Ethereum being filed.

Portfolio Pulse from Murtuza Merchant

December 07, 2023 | 2:25 pm

AAPL

CRM

META

PLTR

TSLA

Bitcoin's bull run has led to a $2.6 billion loss for short sellers. SpaceX is negotiating an insider share sale at a $175 billion valuation. Sprinklr's earnings disappoint, while Ark Invest buys more Palantir stock. Crypto market shows mixed reactions post-jobs data. US and world economy reports indicate mixed sentiments. Tech companies like Apple and Meta are making AI advancements. Tesla faces accusations from a bear and launches new initiatives. McDonald's and Renault reveal new concepts, while GM's share buyback draws comparisons to BlackBerry. EU moves towards messaging app integration, and Meta enhances security. SpaceX's valuation talks and payload launch goals highlight space industry developments.

Portfolio Pulse from Akanksha Bakshi

December 07, 2023 | 2:21 pm

WDAY

Over the past 10 years, Workday (NASDAQ:WDAY) has produced an average annual return of 13.05%, outperforming the market by 3.23% on an annualized basis. A $1000 investment in WDAY a decade ago would now be worth $3,361.14. Workday's current market capitalization stands at $70.43 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:00 pm

URI

United Rentals (NYSE:URI) has significantly outperformed the market with an average annual return of 32.52% over the past 15 years. A $100 investment in URI 15 years ago would be worth $6,996.18 today. The company's current market capitalization stands at $32.29 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:00 pm

LZM

Lifezone Metals Limited (NYSE:LZM) announced a significant increase in resources at its Kabanga Nickel Project in Tanzania following successful drilling programs and updated mineralization interpretation. The Measured and Indicated Resources increased by 69%, and Inferred Resources by 20%. The company's CEO, Chris Showalter, highlighted the project's potential as a low-cost, long-life producer of nickel, copper, and cobalt, essential for the green energy transition. The Definitive Feasibility Study is expected to be completed by Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:47 pm

RSG

Republic Services Inc has filed for a notes offering according to an SEC filing, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:44 pm

TSLA

Denmark's labor union 3F, currently striking against Tesla Inc. (NASDAQ:TSLA), has been found to have a $58M investment in Tesla through its pension fund, PensionDanmark. Despite the conflict with Tesla over labor agreements in Sweden, 3F's head Jan Villadsen has no immediate plans to divest from Tesla, prioritizing a cautious approach for pension contributors. Tesla's stock remains strong, up over 120% this year, and was trading up 1.16% at $239.37 in Thursday's pre-market.

Portfolio Pulse from Ramakrishnan M

December 07, 2023 | 1:40 pm

LUNA

Luna Innovations has received a multi-million dollar follow-on order for its OBR 6200 Portable Backscatter Reflectometer from Northrop Grumman. This order is part of an ongoing agreement between the two companies.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:37 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported its November 2023 operations updates, highlighting an 81.5% year-over-year increase in Bitcoin mined, totaling 403 BTC for the month. The company's Gedu Datacenter provided a 3.3EH/s hash rate, mining 209 BTC. Bitdeer also announced becoming a Preferred Cloud Service Provider in the NVIDIA Partner Network and plans to launch Bitdeer AI Cloud in Q1 2024, powered by NVIDIA's DGX SuperPOD systems. The company's 175MW immersion cooling datacenter in Norway is on track for completion in 2025. Bitdeer operates in self-mining, hash rate sharing, and hosting, with a total hash rate under management of 21.1 EH/s and 220,000 mining machines under management. Despite the positive mining results, the company faced a temporary curtailment of power and increased electricity costs in Norway, leading to a 12.8% decrease in Bitcoin mined compared to October 2023.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:32 pm

AMD

GLD

GME

GOOG

NVDA

QQQ

SPY

USO

Wall Street futures are trading flat as investors await further monetary policy insights. The S&P 500 Index fell for the third consecutive day, with concerns about overestimating future interest rate cuts. Treasury yields rose slightly, and the Fed's repo facility demand hit a peak, signaling liquidity concerns. The Japanese yen surged after hawkish comments from the Bank of Japan Governor. Crude oil and gold prices saw modest gains. Bitcoin dropped following negative comments from JPMorgan CEO Jamie Dimon. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) edged up in premarket trading. Advanced Micro Devices (AMD) rose on news of a shift from NVIDIA (NVDA) to AMD's AI chip by major tech firms. GameStop (GME) fell on revenue miss, Dollar General (DG) rose on earnings beat, and Alphabet (GOOG/GOOGL) increased after unveiling its new AI model.

Portfolio Pulse from Piero Cingari

December 07, 2023 | 1:31 pm