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BTCUSD

Ark Invest CEO Cathie Wood predicts Bitcoin could reach $3.8 million by 2030, attributing the potential surge to increasing institutional adoption and the introduction of new ETF products. Wood's firm, along with others like BlackRock and Fidelity, received SEC approval for spot Bitcoin ETFs, driving demand for Bitcoin. The upcoming Bitcoin halving event is also expected to contribute to this demand-driven rally.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 2:18 am

TXN

Options market activity for Texas Instruments (NASDAQ:TXN) shows a bullish sentiment among investors, with 54% of trades being bullish and 45% bearish. The trading volume and open interest analysis indicate a focus on a price range between $130.0 and $210.0. The largest trades include both bullish and bearish positions, with significant amounts invested in puts and calls. Texas Instruments, a leading semiconductor manufacturer, has seen its stock price slightly decrease by 0.06% to $172.48, with analysts giving an average target price of $170.0. The company's next earnings report is expected in 32 days.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:45 pm

WFC

Wells Fargo (NYSE:WFC) has seen significant options activity, with a bearish sentiment prevailing among traders. Analysis of 16 unusual trades revealed 31% bullish and 68% bearish tendencies. The largest trades were calls, with a notable volume and open interest in the $40.0 to $60.0 strike price range. The current market status shows WFC's price down by -1.24% at $57.13, with an upcoming earnings announcement in 21 days. This activity suggests traders are preparing for potential price movements within the predicted range.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:45 pm

MCD

Recent options activity for McDonald's (NYSE:MCD) shows a bullish trend among investors, with 62% of trades being bullish. The focus is on a price band between $235.0 and $290.0. The largest trades have been calls, particularly bullish towards the $277.50 strike price. McDonald's, a leading restaurant owner-operator, has seen its stock price slightly decrease to $282.63. Analysts have set an average price target of $325.0, with TD Cowen rating it as Outperform.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:30 pm

DBA

NVDA

Agricultural commodity prices, particularly cocoa, have surged to 9-year highs, with cocoa prices increasing by 112% year to date, significantly impacting the Invesco DB Agriculture Fund (DBA) and outperforming stocks like Nvidia Corp. (NVDA). The rise in cocoa costs is attributed to supply disruptions in West Africa, leading to a global cocoa market imbalance and predictions of higher chocolate prices. The International Cocoa Organization predicts a dramatic deficit in the global cocoa market for the 2023/24 season.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 8:26 pm

AAPL

A Steve Jobs-autographed business card sold for $181,183 at an auction, setting a new record for the most expensive business card ever sold. The auction featured Apple-related memorabilia, including a rare Apple-1 computer signed by Steve Wozniak and a first-generation sealed iPhone. An Elon Musk-signed SpaceX business card also exceeded expectations, selling for $39,238. The high sale prices reflect the growing demand for memorabilia associated with Jobs and Musk among collectors and investors.

Portfolio Pulse from Chris Katje

March 22, 2024 | 8:19 pm

DOGEUSD

SHIBUSD

DeFi Insider Dami-Defi revealed a meme coin trader's portfolio that turned a $42,500 investment into $1.56 million in a year, highlighting significant gains from Mog Coin (MOG) and Pepe (PEPE), while currently investing in ZynCoin (ZYN). Established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) lag in gains compared to newer entries.

Portfolio Pulse from Khyathi Dalal

March 22, 2024 | 8:15 pm

MBRX

Moleculin Biotech reported a FY23 EPS of $(15.07), an improvement from $(15.22) YoY. R&D expenses slightly increased due to reacquisition of IP rights, while G&A expenses decreased. The net loss was $29.8M, with cash reserves of $23.6M, expected to last until Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:10 pm

BLUE

bluebird bio (NYSE:BLUE) has seen a 4.01% increase in its short percent of float, now at 15.84% with 28.59 million shares sold short. This indicates a bearish market sentiment, although it's higher than its peer group average of 7.02%. The coverage time for short positions is 3.42 days.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:00 pm

BBAI

BigBear.ai Holdings (NYSE:BBAI) has seen a 6.4% increase in its short percent of float, now at 19.12% with 9.80 million shares sold short. This indicates a bearish market sentiment, although it's higher than its peer group average of 2.45%. The coverage time for these short positions is approximately 2.96 days.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:00 pm