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Assets

USDJPY

USD/JPY is trading lower following a decline in the dollar, triggered by Federal Reserve Chair Powell's announcement that the Fed plans to cut rates this year.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:45 am

BTCUSD

DOGEUSD

ETHUSD

FLR

Bitcoin, Ethereum, and Dogecoin experienced declines amid high selling pressure, with Bitcoin's upcoming halving event on April 21 expected to reduce BTC production by 50%. Long liquidations have been significant, with over $115 million liquidated in a 24-hour period. The global cryptocurrency market cap decreased by 1.71%. Analysts predict a period of consolidation for Bitcoin, with a potential rebound if it breaks the $69K mark, while Ethereum could surge beyond $10,000. The stock market also saw declines, with the S&P 500, Dow Jones, and Nasdaq all dropping.

Portfolio Pulse from Mehab Qureshi

April 03, 2024 | 4:08 am

ARKK

ARKQ

ARKW

COIN

HOOD

NVDA

TSLA

Cathie Wood's Ark Invest purchased $39M of Tesla stock following a nearly 5% drop due to a Q1 sales miss. Ark Invest's ETFs ARKK, ARKQ, and ARKW bought shares of Tesla, with ARKK holding $677.40 million worth of Tesla shares. Meanwhile, Ark sold Nvidia shares but paused selling Coinbase and Robinhood stocks amid a cryptocurrency sell-off. Tesla's Q1 vehicle deliveries fell short of expectations, marking the first year-over-year decline since Q2 2020, attributed to production and factory issues.

Portfolio Pulse from Shanthi Rexaline

April 03, 2024 | 2:35 am

BTCUSD

Crypto analyst Michaël van de Poppe views the recent 5% drop in Bitcoin (BTC) as a buying opportunity, emphasizing that market corrections are normal. He highlights the transfer of government-seized Bitcoin back to the market as a positive development. Despite the recent dip, there's a significant increase in large transaction volume and daily active addresses. Van de Poppe suggests the $56,000 to $60,000 range as the current area of interest for Bitcoin, indicating potential buying opportunities within this correction phase.

Portfolio Pulse from Khyathi Dalal

April 02, 2024 | 10:21 pm

APH

Amphenol has announced the pricing of its senior notes offering, totaling $1.5 billion across three maturities: 2027, 2029, and 2034, with interest rates of 5.050% for the first two and 5.250% for the 2034 notes.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 9:31 pm

JLL

Over the past 20 years, Jones Lang LaSalle (NYSE:JLL) has produced an average annual return of 10.67%, outperforming the market by 2.84% on an annualized basis. With a current market capitalization of $8.97 billion, a $1000 investment in JLL 20 years ago would be worth $7,720 today. This showcases the significant impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 9:30 pm

LRCX

Over the past 15 years, Lam Research (NASDAQ:LRCX) has significantly outperformed the market, with an average annual return of 27.92%. A $1000 investment in LRCX 15 years ago would now be worth $41,145.47. The company currently has a market capitalization of $126.82 billion.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 9:30 pm