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Dogecoin (DOGE) has seen a 5% increase in value following an announcement by Astrobotic, a space robotics company, that it plans to send a physical representation of DOGE to the moon aboard the Peregrine Lunar Lander. This mission, funded by the Dogecoin community in 2015, is set to launch on 12/23/2023 using ULA's Vulcan Centaur Rocket. The increase in Dogecoin's value contrasts with the flat performance of other leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Dogecoin's surge is supported by $665M in on-chain transaction volume, the highest in three months, and an increase in DOGE long positions.

Portfolio Pulse from Mehab Qureshi

November 17, 2023 | 3:40 am

BTC-USD

DOGE-USD

ETH-USD

The cryptocurrency market saw a decline with Bitcoin, Ethereum, and Dogecoin experiencing volatility. Bitcoin dropped by 2.65%, Ethereum by 3.75%, while Dogecoin rose by 5.47%. Approximately $340 million of leveraged crypto positions were liquidated in two days. The U.S. Dollar Index fell, reaching its lowest since September. The SEC's delay in deciding on a spot BTC ETF is believed to disrupt market momentum. Analysts predict Bitcoin's new highs are imminent and suggest buying the dips. The global crypto market cap increased by 4.99% over 24 hours. The Dow Jones closed slightly down, while the S&P 500 and Nasdaq saw marginal increases.

Portfolio Pulse from Mehab Qureshi

November 17, 2023 | 3:06 am

SOL

SPY

Sam Bankman-Fried, former CEO of FTX, was found guilty on seven counts of criminal fraud, potentially facing 115 years in prison. The verdict and his arrest in December 2022 caused a decline in major cryptocurrencies, including Solana (CRYPTO: SOL). FTX's bankruptcy and misuse of customer funds also impacted the market. However, Solana has rebounded since then, with a $1,000 investment in SOL at the time of Bankman-Fried's arrest now worth $4,556.95, a 355.7% return. In contrast, the S&P 500 ETF Trust (NYSEARCA: SPY) is up only 12.7% over the same period. Solana remains a top 10 cryptocurrency by market capitalization.

Portfolio Pulse from Chris Katje

November 16, 2023 | 9:36 pm

ARKK

ROKU

TARK

Cathie Wood's ARK Invest has been selling shares of Roku, Inc. (ROKU) totaling over $56 million, despite Roku's positive Q3 financial report showing a 20% YOY revenue increase. This aligns with Wood's strategy of rebalancing based on performance. ARK's ETFs, including ARKK, ARKG, ARKW, and ARKF, are influenced by her investment decisions. Additionally, the AXS 2X Innovation ETF (TARK) offers a leveraged option aiming to return twice the daily return of ARKK and was awarded Best ETF Launch at Benzinga's 2023 Fintech Awards.

Portfolio Pulse from Johnny Rice

November 16, 2023 | 9:35 pm

Wheels Up Experience, a private aviation company, has secured an additional $40 million investment from Kore Capital and Whitebox Advisors. This investment aims to enhance the company's financial stability and provide working capital.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:32 pm

AZO

Over the past 20 years, AutoZone (NYSE:AZO) has delivered an average annual return of 18.06%, outperforming the market. A $1000 investment in AZO 20 years ago would now be worth $27,887.43. AutoZone's market cap stands at $46.87 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 9:30 pm

AGI

BELGF

EDVGF

GDX

WPM

VanEck portfolio manager Imaru Casanova highlighted the significant undervaluation of gold mining stocks, noting they are trading at historical lows in terms of P/E, P/CF, and P/S ratios. Despite trading at a 20% discount to gold, Casanova is optimistic about the sector's future, expecting gold prices to reach all-time highs and gold stocks to outperform. She shared her top picks: Alamos Gold (AGI), Wheaton Precious Metals Corp. (WPM), Bellevue Gold Ltd. (BELGF), and Endeavor Mining (EDVGF). The VanEck Gold Miners ETF (GDX) also saw a recent increase.

Portfolio Pulse from Piero Cingari

November 16, 2023 | 9:21 pm

YUM

Over the past 15 years, Yum Brands (NYSE:YUM) has produced an average annual return of 14.21%, outperforming the market. A $100 investment in YUM 15 years ago would be worth $798.72 today. Yum Brands currently has a market cap of $35.49 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 9:00 pm

APH

Over the past 5 years, Amphenol (NYSE:APH) has outperformed the market with an average annual return of 16.3%, turning a $1000 investment into $2,078.69 today. Amphenol currently has a market cap of $53.27 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 9:00 pm

BTCUSD

The upcoming Bitcoin halving in April 2024 is expected to impact the cryptocurrency's value and the mining landscape. The event, which reduces miner rewards, has historically affected Bitcoin's supply-demand balance, market volatility, and long-term investment appeal. Predictions for post-halving prices vary widely, with estimates ranging from $49,300 to $250,000.

Portfolio Pulse from Murtuza Merchant

November 16, 2023 | 8:49 pm