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AAPL

QQQ

TSLA

The Nasdaq 100 ETF (QQQ) is showing signs of potential downside risk, with indicators like bearish momentum divergences, weakening breadth, and the Bullish Percent Index signaling a shift. Technical analysis tools such as the 50-day moving average, Chandelier exits, and Fibonacci retracements are used to anticipate potential support levels and downside targets. Mega cap growth stocks like TSLA and AAPL have already shown weakness, suggesting limited upside for QQQ until conditions improve.

Portfolio Pulse from David Keller

March 19, 2024 | 3:59 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) has completed its offering of 0.875% convertible senior notes due 2031, raising $603.75 million. The company used $592.3 million of the proceeds to purchase approximately 9,245 bitcoins at an average price of $67,382 each. As of March 18, MicroStrategy holds about 214,246 bitcoins, acquired at an average price of $35,160 per bitcoin. The stock is trading lower amid a pullback in Bitcoin prices, with shares down 11.7% at $1,327.53. Predictions for MSTR's stock price in 2030 are challenging but based on a 5-year annualized performance of 58.63%, it could potentially trade at $12,850.88.

Portfolio Pulse from Erica Kollmann

March 19, 2024 | 3:43 pm

FSR

Fisker's stock is trading lower due to ongoing weakness following the announcement of $150 million in financing and a six-week production pause.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 3:33 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower amid a pullback in Bitcoin prices. Despite a 25% increase year-to-date, COIN is affected by Bitcoin's retreat from all-time highs. The company completed a $1.265 billion convertible senior notes offering and received a price target upgrade from JP Morgan. FY23 revenue growth was -2.67%, influenced by macroeconomic factors. Economic conditions and sector performance are crucial for COIN's future prospects, with shares currently down 6.5% at $224.01.

Portfolio Pulse from Erica Kollmann

March 19, 2024 | 3:32 pm

CME

$1000 invested in CME Gr (NASDAQ:CME) 20 years ago would now be worth $11,700.70, showcasing an average annual return of 12.99% and outperforming the market by 5.04% on an annualized basis. CME Gr currently has a market capitalization of $79.23 billion.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 3:31 pm

CRSP

CRISPR Therapeutics (NASDAQ:CRSP) has delivered an average annual return of 15.84% over the past 5 years, outperforming the market by 2.9%. A $1000 investment in CRSP 5 years ago would be worth $2,003.58 today. The company's market capitalization stands at $5.68 billion.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 3:31 pm

GLD

Gold prices are declining as the US dollar strengthens, with investors closely watching the upcoming Federal Reserve decision.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 3:19 pm

EWJ

EWJV

FLJP

MUFG

SWJ

The Bank of Japan's decision to introduce positive interest rates is expected to significantly boost profits for Japanese banks like Mitsubishi UFJ Financial Group Inc. (MUFG). With a combined reserve of $712 billion at the BoJ, these banks could see a substantial increase in interest earnings. Goldman Sachs has issued Buy ratings for MUFG and other Japanese banks, predicting a 30% surge in net interest margins. US investors can gain exposure to these stocks through ETFs like EWJ, EWJV, FLJP, and SWJ. Warren Buffett's earlier investments in Japanese equities have also paid off, with returns ranging from 117% to 276% since July 2019.

Portfolio Pulse from Piero Cingari

March 19, 2024 | 3:10 pm

TRXUSD

TRON (CRYPTO: TRX) has seen a 5.8% decrease in price over the last 24 hours, continuing a negative trend with an 11.0% loss over the past week. Despite the price drop, trading volume has increased by 57.0%, while the circulating supply decreased by 0.2%, leading to a current market cap of $10.27 billion and a ranking of #16.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 3:03 pm

STETHUSD

Lido Staked Ether (STETH) has seen a significant decrease of 6.86% in the last 24 hours, bringing its price to $3,253.71. This drop is part of a larger negative trend over the past week, with a total loss of 19.0% from its previous price of $3,989.86. Despite the price decrease, trading volume for STETH has surged by 297.0%, while its circulating supply has slightly decreased by 0.5% to 9.78 million. Currently, STETH's market cap ranks it as the 7th largest, valued at $31.87 billion.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 3:02 pm