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Bitcoin has experienced a 13% drop over the past week, with 10x Research predicting further declines below $60,000 before a rally. The report cites negative ETF flows, reduced trading sentiment, and lower altcoin volumes as bearish indicators. Additionally, Ethereum received a 'sell the dip' signal from 10x Research, amid diminishing prospects for an Ethereum ETF approval due to regulatory concerns.

Portfolio Pulse from Khyathi Dalal

March 20, 2024 | 8:17 pm

FPOCF

LITOF

MSBHF

SMMYY

FPX Nickel Corp. (OTC:FPOCF) has secured funding through 2025 with the backing of Sumitomo Metal Mining (OTC:SMMYY) and other strategic partners, despite a challenging financing market for junior mining companies. This funding, crucial for FPX's exploration of nickel for electric vehicle batteries, highlights a trend where battery and EV manufacturers invest in miners to secure future metal supplies. Other companies like Mitsubishi Corp. (OTC:MSBHF) and Frontier Lithium Inc. (OTC:LITOF) have also engaged in similar strategic investments.

Portfolio Pulse from Matt Whittaker

March 20, 2024 | 8:03 pm

A

Agilent Technologies (NYSE:A) has seen a 9.82% increase in its short percent of float since the last report, with 3.21 million shares sold short, representing 1.23% of available shares. It would take about 2.31 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards the stock, although it's lower than the peer group average of 5.01%. This information is crucial for investors tracking market sentiment and potential stock performance.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:45 pm

EIX

Edison Intl's (NYSE:EIX) short interest has increased by 25.51% since the last report, with 6.56 million shares sold short, representing 2.46% of its float. It would take about 3.07 days to cover these short positions. An increase in short interest can indicate bearish market sentiment, but Edison Intl has less short interest compared to its peer average of 2.67%.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:45 pm

GOOGL

Over the past 10 years, Alphabet (NASDAQ:GOOGL) has delivered an average annual return of 17.75%, outperforming the market by 6.96% on an annualized basis. A $100 investment in GOOGL a decade ago would be worth $512.91 today, showcasing the impact of compounded returns on investment growth. Alphabet's current market capitalization stands at $1.84 trillion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:31 pm

TS

Tenaris (NYSE:TS) has seen a decrease in short interest, with the short percent of float falling 15.79% to 0.48% of all shares available for trading. This indicates a potential shift in market sentiment towards the stock, as a decrease in short interest can signal increased bullishness among investors. Compared to its peers, Tenaris has significantly less short interest, with an average of 9.00% for its peer group.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:30 pm

PLL

Piedmont Lithium (NYSE:PLL) has seen a 6.97% increase in its short percent of float since the last report, with 3.15 million shares sold short, representing 16.57% of available shares. This places it above its peer group average of 6.56% in short interest. High short interest can indicate bearish market sentiment but can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:30 pm

APLD

Applied Digital's (NYSE:APLD) short interest has decreased by 12.2% since the last report, with 17.55 million shares sold short, representing 18.13% of its float. This decline in short interest could indicate a more bullish sentiment towards APLD among traders. Compared to its peers, APLD has a significantly higher short interest percentage of float, with an average of 4.94% among its peers.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:30 pm

NVDA

SPRX

NVIDIA Corporation (NVDA) remained stable as the S&P 500 rose, following the Federal Reserve's decision to hold rates steady. Nvidia has seen significant growth, up 148% from Oct. 31 to March 8, driven by bullish sentiment in the AI market. At its GTC Conference, Nvidia unveiled its new GPU architecture, Blackwell. Nvidia's stock has formed a bull flag pattern, suggesting potential upward movement. The Spear Alpha ETF (SPRX), which includes Nvidia as a major holding, offers diversification for investors looking to capitalize on Nvidia's momentum.

Portfolio Pulse from Melanie Schaffer

March 20, 2024 | 7:28 pm

SPY

Fed Chair Jerome Powell emphasized the importance of staying informed on digital finance developments, expressing an open stance without committing to a U.S. central bank digital currency (CBDC). He highlighted the need for the Federal Open Market Committee (FOMC) to gather more evidence on inflation before making decisions.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:18 pm