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BTCUSD

Crypto analyst Michaël van de Poppe predicts a 'final correction' in Bitcoin's value, anticipating a dip of about 10% from its current value. He views this as an opportunity for long-term investors to increase their Bitcoin holdings. He also highlighted upcoming developments in the crypto space, including Bitcoin's spot ETFs and the expected introduction of ETH Futures ETFs. Despite the potential dip, he remains bullish about Bitcoin's long-term prospects due to growing institutional interest.

Portfolio Pulse from Bibhu Pattnaik

September 09, 2023 | 6:20 pm

NKLA

Nikola Corp (NASDAQ:NKLA) has experienced its second truck fire incident this week and the fourth this year. The latest fire occurred during a battery fire investigation and testing. Last month, Nikola recalled all its battery-powered electric trucks after a series of fires were traced to a coolant leak within the battery packs. The company is working with customers and dealers to get their trucks to its Arizona manufacturing facility for repairs.

Portfolio Pulse from Anan Ashraf

September 09, 2023 | 3:39 am

REGN

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) announced that its CFO, Robert E. Landry, will retire in February 2024. He will be succeeded by Christopher Fenimore, the current Senior Vice President, Head of Accounting and Controller at Regeneron. Fenimore has been with the company since 2003 and holds global responsibility for U.S. SEC reporting, accounting operations, and is co-leading the company's international expansion strategy.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:02 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin are trading lower, with Bitcoin sliding about 2% during Friday's 24-hour trading session. This comes after reports that JPMorgan is exploring blockchain-based deposit tokens for cross-border transactions. Despite the bearish leanings, Bitcoin has developed a bullish divergence, indicating a potential upward move. Ethereum and Dogecoin are trading in symmetrical triangle patterns, indicating a larger move is likely before September 13 and 12, respectively.

Portfolio Pulse from Melanie Schaffer

September 08, 2023 | 8:52 pm

AIV

AVB

ESS

MAA

UDR

U.S. apartment rents might experience negative growth rates as early as next month due to a surge in supply. The annual growth rate stood at 11% a year ago, but rents in August registered a marginal 0.28% rise compared to the same period last year. Elevated mortgage rates, soaring home prices, and limited availability have anchored potential buyers to the rental market. Meanwhile, 460,000 new units are slated for completion this year, marking a 50-year high in construction. This influx is expected to erode landlords' pricing power. Stocks to watch in the housing development space include AvalonBay Communities Inc, UDR Inc, Mid-America Apartment Communities Inc, Apartment Investment and Management Co, and Essex Property Trust Inc.

Portfolio Pulse from AJ Fabino

September 08, 2023 | 8:50 pm

AAPL

IVV

MSFT

SPY

VGT

VOO

Large-cap ETFs have seen significant changes in net assets over the past week. Vanguard S&P 500 ETF (VOO) and SPDR S&P 500 ETF Trust (SPY) have added $3.49 billion and $2.1 billion in net assets respectively. However, Vanguard Information Technology ETF (VGT) and iShares Core S&P 500 ETF (IVV) have lost $2.41 billion and $2.3 billion respectively. Apple Inc. (AAPL) and Microsoft Corporation (MSFT) are the largest holdings in all these funds.

Portfolio Pulse from Johnny Rice

September 08, 2023 | 8:49 pm

EWJ

GDX

SLV

XLE

Large-cap ETFs with AUM above $10 billion were screened for weekly returns. Winners included Energy Select Sector SPDR Fund (XLE) and iShares MSCI Japan ETF (EWJ), while losers were iShares Silver Trust (SLV) and VanEck Gold Miners ETF (GDX). XLE, with holdings in Exxon Mobil and Chevron, was up 2.53% over the week. EWJ, with holdings in Toyota and Sony, was down 0.96%. SLV, tracking silver performance, was down 5.98%. GDX, providing exposure to gold mining companies like Newmont and Barrick Gold, was down 3.35%.

Portfolio Pulse from Johnny Rice

September 08, 2023 | 8:48 pm

MARA

RIOT

Bitcoin miners in Texas, including Riot Platforms Inc. (NASDAQ:RIOT) and Marathon Digital Holdings Inc. (NASDAQ:MARA), are temporarily halting operations due to the state's ongoing energy crisis. The situation has been worsened by recent extreme weather events, leading to the Biden administration declaring a power emergency. The miners have faced similar challenges in the past due to fluctuating Bitcoin prices, rising electricity costs, and increased competition.

Portfolio Pulse from Murtuza Merchant

September 08, 2023 | 8:37 pm

BENF

Beneficient (NASDAQ:BENF), a platform providing liquidity and related services to holders of alternative assets, will host a webcast on Tuesday, September 19, 2023, to discuss its business fundamentals. The company's public filings and FAQs are available on its website.

Portfolio Pulse from Happy Mohamed

September 08, 2023 | 8:18 pm

SMTC

Semtech Corporation (NASDAQ:SMTC) has appointed Mark Lin as its new executive vice president and chief financial officer, effective no later than October 4, 2023. Lin, who has extensive experience in public company capital structure, governance, financial planning and analysis, and mergers and acquisitions, is expected to help Semtech navigate a dynamic business future. Lin previously served as vice president and corporate controller of MKS Instruments, Inc. and held various roles at Microsemi Corporation.

Portfolio Pulse from Happy Mohamed

September 08, 2023 | 8:16 pm