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BRK

QQQ

Edward Snowden highlighted Warren Buffett's investment success, contrasting it with the stock performance of members of Congress like Dan Meuser, Nancy Pelosi, and others. He pointed out that while Berkshire Hathaway has seen an average annual return of 20.0%, some Congress members have shown higher returns. Additionally, the Invesco QQQ Trust Series 1, tracking the Nasdaq 100, has outperformed with a 50.74% return over one year. Snowden's comments come amid discussions on congressional stock trading activities.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 3:30 am

MIMO

Airspan Networks Holdings Inc. (MIMO) announced a Restructuring Support Agreement with Fortress Investment Group and other stakeholders, providing up to $95M in equity financing and eliminating all debt. The company filed for Chapter 11 to expedite restructuring, aiming to become private under Fortress majority ownership. Airspan received over $53M in DIP financing to support operations during restructuring, with court approval pending. Existing stockholders may exchange shares for cash or warrants.

Portfolio Pulse from Charles Gross

March 31, 2024 | 6:34 pm

AMZN

META

MSFT

TSLA

This week in AI featured major developments from industry leaders like Elon Musk's xAI, Tesla, Meta Platforms, and Microsoft. Musk announced Grok 2, aiming to outperform competitors. Tesla is hiring for its Optimus Humanoid Robot, indicating a potential launch. Zuckerberg is personally recruiting AI talent from Google's DeepMind for Meta. Speculation about an AI bubble involves Nvidia, Amazon, and Microsoft, with warnings from analyst Richard Windsor. Microsoft's stock is predicted to rise due to its AI advancements.

Portfolio Pulse from Benzinga Neuro

March 31, 2024 | 5:16 am

DJT

Trump Media & Technology Group Corp. (TMTG), trading under NASDAQ:DJT, debuted this week, significantly boosting Donald Trump's net worth and potentially influencing his 2024 election prospects. Despite minimal revenue and a history of losses, TMTG's market cap exceeds $7 billion. The company's stock performance offers a direct way for supporters to impact Trump's financial standing, with economist Peter Schiff suggesting buying DJT shares as an alternative to campaign donations. Trump, owning almost 60% of DJT, benefits directly from the stock's performance.

Portfolio Pulse from Shanthi Rexaline

March 30, 2024 | 3:55 pm

DJT

'Bond King' Bill Gross is actively trading options on Trump Media & Technology (NASDAQ:DJT), betting on the stock's high volatility. He's selling puts and calls with the expectation that DJT's stock will stay between $45 and $95. The stock, which went public through a merger with Digital World Acquisition Corp., has seen a significant increase, jumping 275% year-to-date. Trump Media's valuation has reached around $9 billion, despite modest revenues, making it a speculative favorite but also the most expensive US company to bet against.

Portfolio Pulse from Rounak Jain

March 30, 2024 | 2:07 am

DJT

FBGRX

Trump Media & Technology Group (TMTG) debuted on NASDAQ under the symbol DJT after a SPAC merger, with an initial market cap of $9.6 billion, later adjusting to $7-$8 billion. Comparatively, Elon Musk's X (formerly Twitter) was acquired for $44 billion but is now valued at $14.1 billion by Fidelity. TMTG's valuation is considered high, trading at 2,800 times its annual revenue, while X traded at 8.4x. Investors are cautioned about TMTG's future valuation, and Musk aims to expand X into an 'everything' app.

Portfolio Pulse from Chris Katje

March 29, 2024 | 7:11 pm

F

GM

LCID

NIO

PAG

RH

RIVN

TSLA

VFC

W

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable movements in stocks like TSLA, VFC, F, NIO, RIVN, RH, W, LCID, GM, and PAG. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'. This could signal upcoming volatility or shifts in these stocks.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 5:35 pm

ATAI

META

MNMD

PSIL

TSLA

Beckley Psytech and atai Life Sciences announced positive results from a Phase 2a study of 5-MeO-DMT for Treatment Resistant Depression. Utah hospitals will soon offer psilocybin and MDMA therapy. Elon Musk discussed the benefits of ketamine for depression and its positive impact on investors. Meta is under investigation for potentially facilitating illegal drug sales. MindMed's CEO highlighted LSD's potential in a podcast. Various companies and ETFs are mentioned with their stock performance.

Portfolio Pulse from Lara Goldstein

March 29, 2024 | 4:43 pm

KVUE

Kenvue (NYSE:KVUE) has seen a 10.11% increase in short percent of float since its last report, with 27.45 million shares sold short, representing 13.83% of available shares. This indicates a bearish market sentiment towards KVUE, although it's noted that an increase in short interest can sometimes be bullish. Kenvue's short interest is higher than its peer group average of 6.05%.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:30 pm

B

Barnes Gr's (NYSE:B) short interest has decreased by 6.56%, with 1.02 million shares sold short, representing 2.85% of its float. It would take about 3.42 days to cover these short positions. This decline in short interest could indicate a more bullish sentiment towards the stock, although it doesn't guarantee a price increase. Compared to its peers, Barnes Gr has a lower short interest percentage, suggesting it may be performing better than similar companies.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 3:15 pm