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COIN

Coinbase Global Inc. has launched a new cryptocurrency lending service for U.S. institutional investors, filling a gap left by companies like BlockFi Inc. and Genesis Global. The company's Prime platform reported a $57 million investment in this venture. The service allows institutions to lend their digital assets to Coinbase under uniform conditions. This comes after Coinbase halted new loans via their 'Coinbase Borrow' service earlier in May.

Portfolio Pulse from Murtuza Merchant

September 06, 2023 | 3:21 pm

ABNB

A whale investor has taken a bullish stance on Airbnb (NASDAQ:ABNB), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $370,730 and for calls is $417,511. Whales have been targeting a price range from $130.0 to $200.0 for Airbnb over the last 3 months. The current price of ABNB is down -0.72% at $141.26. Citigroup, Morgan Stanley, Tigress Financial, and Deutsche Bank have maintained their ratings on Airbnb with price targets of $160, $110, $185, and $105 respectively.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:17 pm

MSTR

MicroStrategy, along with other crypto companies, has won fair value accounting, according to Reuters. This could potentially impact the way these companies report their financials, particularly in relation to their crypto assets.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 3:05 pm

PAYX

Paychex (NASDAQ:PAYX) has outperformed the market over the past 10 years, producing an average annual return of 11.61%. If an investor had bought $100 of PAYX stock 10 years ago, it would be worth $303.44 today.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:01 pm

AXP

American Express (NYSE:AXP) has outperformed the market over the past 15 years by 1.02% on an annualized basis, producing an average annual return of 9.85%. If an investor had bought $100 of AXP stock 15 years ago, it would be worth $415.59 today.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:00 pm

SNXUSD

Synthetix Network's (CRYPTO: SNX) price has increased by 6.16% over the past 24 hours to $2.34, and by over 22.0% over the past week. The coin's trading volume has climbed 208.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.02%. The current market cap ranking for SNX is #50 at $752.22 million.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:00 pm

AAPL

The U.S. government has invested at least $22 million into developing smart clothing that can record audio, video, and geolocation data. The program, called Smart Electrically Powered and Networked Textile Systems (SMART ePANTS), aims to make performance-grade, computerized clothing a reality. The program will be launched in three phases and is expected to significantly improve the capabilities of agencies like the Department of Defense, Central Intelligence Agency and Department Of Homeland Security. Apple Inc is expected to release its latest iPhone on Sept. 12 during its 'Wonderlust' launch event.

Portfolio Pulse from Adam Eckert

September 06, 2023 | 2:47 pm

AAPL

AMD

AMZN

GOOG

META

MSFT

NVDA

QQQ

SMH

SPY

TSLA

Investors are closely watching the semiconductor sector due to concerns about weak seasonality in the stock market. The VanEck Semiconductor ETF (SMH) has risen 53.9% this year, driven by excitement around artificial intelligence. Advanced Micro Devices (AMD) has seen a boost from a business win from Hitachi Astemo and comments by CEO Lisa Su about AI opportunities. However, the sector's momentum is waning, according to the RSI. Money flows are positive for Alphabet (GOOG) and Meta Platforms (META), but negative for Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), NVIDIA (NVDA), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust Series 1 (QQQ).

Portfolio Pulse from The Arora Report

September 06, 2023 | 2:45 pm

WeWork's CEO, David Tolley, has announced plans to renegotiate nearly all of the company's leases globally. The move is aimed at reducing the company's high lease liabilities, which accounted for over two-thirds of total operating expenses in Q2. The company plans to exit unfit and underperforming locations and reinvest in its strongest assets. The process is not expected to impact day-to-day operations or the company's commitment to its members.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 2:35 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has outperformed the market over the past 20 years, producing an average annual return of 25.02%. If an investor had bought $1000 of BKNG stock 20 years ago, it would be worth $85,979.49 today.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:30 pm