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UNG

USO

Energy commodities are experiencing a positive trading session with West Texas Intermediate (WTI) crude oil and natural gas seeing upticks of 0.8% and 3.5% respectively. The rise in crude oil prices is attributed to strategic expansion of the BRICS coalition and potential termination of commercial sanctions with Venezuela. Natural gas prices are rising due to a lower than expected increase in inventories.

Portfolio Pulse from Piero Cingari

August 24, 2023 | 5:12 pm

BRSH

Bruush Oral Care, Inc. (NASDAQ:BRSH) shares are surging after a significant drop on Wednesday. The company has reached an agreement with specific warrant holders to exercise warrants, initially issued in a $3 million private placement. The holders will acquire 633,026 shares at $3.33 each, providing additional funding to Bruush Oral Care. The company will also issue more warrants to these investors, allowing them to purchase an additional 1,582,566 company shares. BRSH is currently trending on Yahoo! Finance and 58.21% of available shares are being sold short.

Portfolio Pulse from Erica Kollmann

August 24, 2023 | 4:51 pm

ARKK

ARKW

BITQ

BKCH

DAPP

ARK Invest's Cathie Wood suggests Bitcoin served as a 'flight to safety' during the recent banking crisis, with its price rising from $20,000 to over $30,000. Wood's funds, including ARKK and ARKW, are heavily invested in blockchain technology. The article also highlights three blockchain-related ETFs (DAPP, BITQ, BKCH) that have performed well since the start of the year.

Portfolio Pulse from Johnny Rice

August 24, 2023 | 4:48 pm

SPKX

SPY

UVXY

The SPDR S&P 500 (NYSE:SPY) experienced a drop due to selling pressure after Nvidia Corporation's Q2 earnings beat. Traders are anticipating a hawkish tone from Federal Reserve chair Jerome Powell at the Jackson Hole Symposium, which may indicate continued interest rate hikes. The SPY is trading in a possible bear flag pattern, suggesting increased market volatility. Traders can trade this volatility with options such as the ConvexityShares Daily 1x SPIKES Futures ETF (NYSE:SPKX) and ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 24, 2023 | 4:28 pm

CORN

SOYB

WEAT

Russia's Foreign Minister, Lavrov, has informed UN Chief Guterres that Russia is prepared to return to a grain deal if its conditions are met. This could potentially impact the prices of grain-related ETFs.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 4:07 pm

AMZN

GOOG

GOOGL

META

MSFT

Meta Platforms Inc (NASDAQ:META) has launched Code Llama, an open-source AI coding software, to compete with Microsoft Corp (NASDAQ:MSFT)-backed OpenAI and Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google. Code Llama is proficient in developing and elucidating code in plain English and is comparable to tools like GitHub Copilot and Amazon.com, Inc. (NASDAQ:AMZN) CodeWhisperer. Despite the potential risks of generative AI, Meta believes that AI models thrive with an open approach.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 4:06 pm

Investor Business Daily SwingTrader has reportedly sold its stock in Blackstone (BX).

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 3:58 pm

XPER

TiVo, a subsidiary of Xperi Holding Corporation (XPER), is expanding its IPTV Platform into the EMEA region. The platform, which has been available in North and Latin America for nearly 5 years, offers an end-to-end solution for secure real-time content delivery and personalized user experiences. The global IPTV market is expected to reach $83.8 billion by 2030, with EMEA's share of revenue projected to hit 39.30%. TiVo's expansion into EMEA is aimed at capitalizing on this growth and enhancing customer engagement.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 3:51 pm

MNTS

Momentus Inc's shares are trading lower by over 22% following a 1-for-50 reverse stock split that reduced the number of outstanding shares from approximately 98 million to 2 million. The split is intended to bring the company into compliance with the minimum bid price requirement. Additionally, Momentus has signed a contract with Spanish IoT company, FOSSA Systems, to provide hosted payload services starting in 2024.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 3:41 pm

AMC

AMC Entertainment Holdings Inc. has announced a 10-for-1 reverse stock split, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 3:11 pm