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BTCUSD

ETHUSD

STXUSD

WITFUSD

Bitcoin and Ethereum experienced significant losses, trading below $64,000 and $3,300 respectively. The global crypto market cap fell by 7.4% to $2.4 trillion. Stacks was the top gainer, while dogwifhat was the biggest loser among the cryptocurrencies mentioned.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 1:32 pm

NVDA

Nvidia introduced the Blackwell GPUs, a revolutionary AI chip that significantly enhances computing power and efficiency, setting new standards in AI technology. With a market capitalization of $2.2 trillion, Nvidia is now the third-largest company globally. The stock has seen significant growth, with anticipation of surpassing the $1000 mark. The Blackwell GPUs, featuring 208 billion transistors, offer exceptional performance in AI model training and inference, marking a significant leap from previous models.

Portfolio Pulse from Zaheer Anwari

March 19, 2024 | 1:26 pm

CLSK

MARA

RIOT

Bitcoin mining stocks Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are trading lower amid a pullback in bitcoin, which has been trending higher since late 2023. The pullback is attributed to a change in investor sentiment and the largest single-day outflow ever recorded in Bitcoin ETFs. The market is looking ahead to April's halving event as the next potential catalyst.

Portfolio Pulse from Adam Eckert

March 19, 2024 | 1:24 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading mixed amid a wider market correction, with predictions of Bitcoin rallying to $160K. In the US market, DLocal reported mixed Q4 results, joining other stocks moving lower. Global and US political developments include discussions on property seizures, social media censorship, and international tensions. The US and world economy show signs of strength and challenges, with rate changes and legal issues for companies like Evergrande. In tech, AI's impact on companies like Apple, Nvidia, and Tesla is highlighted, alongside discussions on electric vehicles and cybersecurity collaborations. Consumer, communication, industrial, and healthcare sectors also saw significant news.

Portfolio Pulse from Akanksha Bakshi

March 19, 2024 | 1:17 pm

BAK

Braskem S.A. (NYSE:BAK) reported a Q4 recurring EBITDA of $211M, marking a 13% increase from Q3 and a significant rise from the previous year. The company's cash position stands at $3.6B, covering debt maturities for the next 72 months. Cost reductions and increased PE production in Mexico contributed to the positive results.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:11 pm

GERN

Geron Corporation (NASDAQ:GERN) announced a $150M underwritten offering of common stock and pre-funded warrants, with participation from major investment firms. The proceeds are intended for the commercialization and development of imetelstat. TD Cowen, Stifel, and Barclays are the joint book-running managers, with Wedbush PacGrow as co-manager.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:07 pm

WKHS

Workhorse Group Inc. (NASDAQ:WKHS) announced an agreement with an institutional investor for financing transactions up to $139M to support its zero emission commercial vehicles roadmap. The deal includes senior secured convertible notes and warrants, with an immediate $9M note and related warrants issued to provide liquidity for operations and redeem existing debt.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:05 pm

RITM

Rithm Capital (NYSE:RITM) has seen a 49.14% increase in short interest since its last report, with 8.31 million shares sold short, representing 1.73% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 6.94%. The rise in short interest doesn't necessarily predict a price drop, but it's an important indicator for investors.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 1:00 pm

TMHC

Taylor Morrison Home (NYSE:TMHC) has seen a 16.31% increase in its short percent of float since the last report, with 2.08 million shares sold short, representing 2.71% of its available shares for trading. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 5.74%. The article suggests that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 1:00 pm

BTCUSD

The Government Pension Investment Fund (GPIF) of Japan, the world's largest pension fund, is exploring Bitcoin (BTC) as a diversification asset amid its significant value rally. GPIF is researching various 'illiquidity assets' including Bitcoin, forests, and farmland. This interest aligns with Bitcoin reaching new all-time highs, following a year of over 130% value increase, partly due to the launch of Bitcoin ETFs in the U.S. The move reflects a shift in institutional attitudes towards cryptocurrency, despite its volatility.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 12:44 pm