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Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) traded lower following hawkish comments from Federal Reserve Chair Jerome Powell about potential multiple interest rate hikes. Bitcoin briefly fell below the $30,000 mark but regained its position. Amid the market pullback, Bitcoin surpassed Ethereum and other cryptocurrencies, reaching its highest level of dominance in 26 months. The global crypto market capitalization declined by almost 2% over the last day. Analysts suggest that Bitcoin 'wants to continue rallying'.

Portfolio Pulse from Shivdeep Dhaliwal

June 29, 2023 | 2:16 am

TSP

TuSimple is exploring strategic alternatives for its US business, including a possible sale. If a sale occurs, TuSimple would continue as a global Level 4 autonomous driving technology company, focusing on operations in Asia-Pacific and other major global markets.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:44 pm

SHW

Sherwin-Williams (NYSE:SHW) has outperformed the market over the past 15 years by 11.76% on an annualized basis, producing an average annual return of 20.38%. The company currently has a market capitalization of $66.03 billion. If an investor had bought $100 of SHW stock 15 years ago, it would be worth $1,644.67 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:32 pm

SHOP

Shopify (NYSE:SHOP) has outperformed the market over the past 5 years by 23.81% on an annualized basis, producing an average annual return of 33.81%. If an investor had bought $1000 of SHOP stock 5 years ago, it would be worth $4,324.14 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:32 pm

RIG

Transocean has secured a $184M award for harsh environment semisubmersible. The award is expected to commence in Q1 2025, following the rig's previously announced five-well, 300-day commitment in Australia with a major operator, expected to start in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:24 pm

RSG

Over the past 10 years, Republic Servs (NYSE:RSG) has outperformed the market by 5.51% on an annualized basis, producing an average annual return of 15.98%. If an investor had bought $100 of RSG stock 10 years ago, it would be worth $435.88 today. The company currently has a market capitalization of $47.07 billion.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:01 pm

ROP

Roper Techs (NYSE:ROP) has outperformed the market over the past 15 years, producing an average annual return of 14.56%. If an investor had bought $1000 of ROP stock 15 years ago, it would be worth $7,640.93 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:00 pm

AZN

A significant bearish stance has been taken on AstraZeneca (NASDAQ:AZN) as evidenced by unusual options activity. The sentiment among these big-money traders is 90% bearish, with 8 puts amounting to $529,036 and 2 calls amounting to $57,619. The targeted price range for AstraZeneca over the last 3 months has been from $67.5 to $71.0. The current price of AZN is down -0.99% at $70.96.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 8:47 pm

OSTK

Overstock.com has completed its acquisition of certain IP assets of Bed Bath & Beyond, including website and domain names, trademarks, tradenames, patents, a customer database and loyalty program data. The company plans to combine its asset-light business model with the Bed Bath & Beyond brand under a Bankruptcy Court supervised process. Overstock plans to re-launch the Bed Bath & Beyond domain in Canada within the next week and in the United States in the coming weeks.

Portfolio Pulse from Adam Eckert

June 28, 2023 | 8:41 pm

BOTZ

NVDA

SMH

TRFK

The U.S. government is considering stringent export restrictions on AI chips to China, which could impact companies like Nvidia Corporation and cause volatility in semiconductor ETFs like VanEck Semiconductor ETF, Global X Robotics & Artificial Intelligence ETF, and Pacer Data and Digital Revolution ETF. The restrictions could potentially lead China to bolster its own semiconductor industry.

Portfolio Pulse from AJ Fabino

June 28, 2023 | 8:35 pm