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Assets

COIN

Coinbase Global Inc has reported delays in sends/receives on its base network, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 8:55 pm

ATHX

Athersys, Inc. (NASDAQ:ATHX) has raised up to $3.9 million from the exercise of 28,124,590 warrants and received the first tranche payment of $1.5 million from HEALIOS K.K. under the acute respiratory distress syndrome (ARDS) global license. The company has also engaged Outcome Capital to assist with evaluating strategic alternatives, including a possible merger, business combination, investment into the company, or a purchase, license, or other acquisition of assets. If Athersys is unable to enter into a strategic transaction or obtain adequate financing, it may have to file for bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 8:54 pm

BLK

BTCUSD

Bitcoin (CRYPTO: BTC) is set to deliver its strongest daily performance since August, surging by over 5%. The surge was initially triggered by a false report that the SEC had approved a Bitcoin ETF application by BlackRock Inc. (NYSE:BLK), but continued even after the report was retracted. The SEC's failure to appeal its August court loss regarding Grayscale’s application to convert its Bitcoin Trust also boosted Bitcoin's price.

Portfolio Pulse from Piero Cingari

October 16, 2023 | 8:52 pm

JPM

A significant amount of unusual options activity has been detected for JPMorgan Chase (NYSE:JPM), with a bearish stance being taken by a 'whale' investor. Of the 44 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $2,374,492 and for calls was $2,701,282. The targeted price range for JPMorgan Chase over the last 3 months has been from $80.0 to $170.0. The current price of JPM is $147.85, down -0.1%. Analysts from Piper Sandler, Oppenheimer, BMO Capital, and Morgan Stanley have maintained their positive ratings on JPMorgan Chase.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 8:45 pm

QQQ

VDC

VUG

XLP

The US House of Representatives is in a state of chaos following the removal of U.S. Rep. Kevin McCarthy from the speakership position. This has led to a halt in the House's activities, affecting several urgent bills. The only candidate put forward by the GOP for the speakership is U.S. Rep. Jim Jordan, who needs 217 votes to win. The turmoil in Congress could negatively impact high-risk stocks, while safer options like government bonds or defensive stocks from consumer staple companies could be favored. ETFs based on growth and innovation could be negatively affected.

Portfolio Pulse from Natan Ponieman

October 16, 2023 | 8:44 pm

VRSK

Verisk Analytics (NASDAQ:VRSK) has outperformed the market over the past 10 years, producing an average annual return of 13.5%. If an investor had bought $1000 of VRSK stock 10 years ago, it would be worth $3,546.65 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 8:30 pm

MELI

MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 10 years by 14.56% on an annualized basis, producing an average annual return of 24.1%. If an investor had bought $100 of MELI stock 10 years ago, it would be worth $858.38 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 8:30 pm

BTCUSD

COIN

The U.S. government reportedly holds 194,188 Bitcoin (BTC), equivalent to $5.3 billion, making it one of the largest Bitcoin holders. This figure is based on three documented seizures: the Silk Road seizure of 69,369 BTC in November 2020, the Bitfinex Hack seizure of 94,643 BTC in January 2022, and the James Zhong seizure of 51,326 BTC in March 2022. The government does not hold onto these assets with the intention of selling them when their value rises. Instead, it offloads seized tokens through crypto exchanges, as indicated by a public filing in March 2023 that showed the offloading of 9,118 BTC on Coinbase by the government.

Portfolio Pulse from Khyathi Dalal

October 16, 2023 | 8:28 pm

FTNT

A significant amount of unusual options activity has been detected for Fortinet (NASDAQ:FTNT), with a majority of investors taking a bullish stance. The trades include 4 puts amounting to $158,487 and 7 calls amounting to $524,712. Whales have been targeting a price range from $40.0 to $70.0 for Fortinet over the last 3 months. Barclays, HSBC, and Mizuho have given price targets of $63, $75, and $65 respectively.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 8:15 pm

MCD

A significant amount of unusual options activity has been observed for McDonald's (NYSE:MCD), with 60% of investors taking a bullish stance and 40% bearish. The targeted price range for McDonald's over the last 3 months has been between $160.0 and $300.0. The current price of MCD is up 0.66% at $249.94. Analysts from Morgan Stanley, Truist Securities, Stephens & Co., TD Cowen, and Citigroup have maintained or downgraded their ratings on McDonald's, with price targets ranging from $283 to $340.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 8:15 pm