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COPP

COPX

FLMMF

ICOP

SLSSF

Wall Street is increasingly bullish on copper due to its growing use in AI and data center operations, with predictions of demand surging and prices rising. Jefferies forecasts a significant jump in copper demand by 2030, while Morgan Stanley expects copper prices to increase by 12% by year-end. Investors are advised to look at stocks like Solaris Resources and Filo Mining, and ETFs such as Global X Copper Miners ETF, Sprott Copper Miners ETF, and iShares Copper and Metals Mining ETF.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 3:18 am

BTCUSD

Mike Novogratz, CEO of Galaxy Digital, predicts Bitcoin will resume its upward trend after a risk flush due to the economic repercussions of war, specifically referencing the recent Israel-Iran escalation. Despite a recent drop in Bitcoin's price following a drone attack by Iran on Israel, Novogratz remains optimistic about Bitcoin's resilience and its potential surge ahead of the upcoming halving event. Currently, Bitcoin is trading at $65,474.10, with a year-to-date increase of 48.23%.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 1:39 am

BTCUSD

Crypto analyst Pentoshi, known for predicting Bitcoin's 2021 bull market end, attributes the recent altcoin crash to supply and demand dynamics and a loss of momentum. He notes the need for $200 million daily in new money to sustain prices, leading to a market downturn. Despite this, Pentoshi remains optimistic about the crypto market's health, viewing the downturn as a local top and forecasting a rebound to a $1 trillion market valuation. He warns that a change in outlook would depend on significant shifts, such as Bitcoin losing market structure or substantial outflows from Bitcoin ETFs.

Portfolio Pulse from Bibhu Pattnaik

April 14, 2024 | 5:56 pm

BTC

SOL

The article discusses the liquidation of a crypto trader, Tarded Degen Gambler, who lost a significant amount of money by leveraging on Solana (SOL) before a market downturn exacerbated by geopolitical tensions. It highlights the importance of patience and the right mindset in trading, especially in volatile markets like crypto. Veteran traders suggest the coming months could be challenging, but also see potential buying opportunities for those with high conviction in certain tokens.

Portfolio Pulse from Ivan Crnogatić

April 14, 2024 | 1:56 pm

GOOG

GOOGL

NVDA

TSM

This week in AI, Google's Sundar Pichai navigates AI challenges while Alphabet Inc. retains its title as America's Most Innovative Company. Nvidia Corp. experiences a pullback from record highs but remains a standout stock, likened to basketball legend Caitlin Clark. AI's potential to consume 25% of US power by 2030 raises concerns, and Rep. Josh Gottheimer profits from trading Taiwan Semiconductor Manufacturing Co. shares. Cathie Wood's Ark Investment Management sells nearly $4M in Nvidia shares, adjusting its position in the AI market.

Portfolio Pulse from Benzinga Neuro

April 14, 2024 | 5:55 am

HOOD

Dogecoin (DOGE) experienced a significant price drop of 19.4% alongside notable whale activity, with 374 million DOGE moved in large transactions, including from Robinhood to unknown wallets. This activity coincides with a broader cryptocurrency market correction. Despite the downturn, Dogecoin has begun to recover, trading up 6.71% at $0.1708 on Binance.

Portfolio Pulse from Bibhu Pattnaik

April 13, 2024 | 10:08 pm

SHIBUSD

Shiba Inu (SHIB) experienced a significant liquidation event with $3.63 million worth of SHIB, or approximately 14.8 trillion tokens, being liquidated amid a market downturn. Despite a 12.17% price drop in the last day, large transactions surged by 276.29%, and trading volume increased to $1,199,915,774. Over 12,000 addresses hold at least 1 billion SHIB, with 73% of investors holding for over a year, indicating strong investor confidence and potential for recovery.

Portfolio Pulse from Bibhu Pattnaik

April 13, 2024 | 4:31 pm

BTCUSD

DOGEUSD

ETHUSD

Billy Markus, co-founder of Dogecoin, humorously commented on the cryptocurrency market crash, where Dogecoin, Bitcoin, and Ethereum saw significant losses. Dogecoin dropped over 19%, Bitcoin fell by 7% to $67,490, and Ethereum by more than 10% to $3,161. The total market liquidation reached approximately $735 million. The downturn comes ahead of the anticipated Bitcoin halving event, expected to potentially surge Bitcoin's price and affect altcoins like Dogecoin.

Portfolio Pulse from Bibhu Pattnaik

April 13, 2024 | 2:09 pm

SBUX

Coffee and cocoa bean prices are surging due to supply concerns, with New York cocoa futures reaching their highest levels since the 1960s. Extreme weather conditions, aging trees, and steady demand are driving prices up. Hershey Co (HS) and Starbucks Corp (SBUX) are facing higher operating costs, impacting their stock prices negatively. Hershey's stock is down over 5% in the last month, while Starbucks' stock has fallen more than 7%. The rise in commodity prices, including copper and gold, is also noted.

Portfolio Pulse from Aaron Bry

April 13, 2024 | 1:49 pm

MSTR

Edward Snowden mocked the cryptocurrency community's reaction to recent market fluctuations, noting that Bitcoin's price has remained relatively stable over the past week despite a 4.9% drop in the last 24 hours. This commentary comes amid broader market turmoil, with significant drops also seen in Dogecoin and Shiba Inu. The cryptocurrency market is facing heightened volatility, with recent predictions of a major downturn and potential impacts on companies like MicroStrategy.

Portfolio Pulse from Rounak Jain

April 13, 2024 | 8:22 am