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'BONK Killer' MILLI, operating on the SEI network, surged over 70% in a single day, outperforming other meme cryptocurrencies like Dogecoin, Shiba Inu, and BONK. MILLI's market cap approached $2.5 million with a trading volume of $522,075. The token's success is attributed to strong community support and a unique brand identity. Meanwhile, Dogecoin and BONK saw declines, while Shiba Inu increased by 6%. The MILLI team also addressed investor concerns, aiming to restore token distribution and liquidity.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 5:16 pm

WIF

'Shiba Inu Killer' Dogwifhat (WIF) saw a price rebound after Binance announced its listing for spot trading, leading to bullish predictions. The listing includes trading pairs WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. This follows a recent listing on Robinhood Crypto EU. WIF's trading volume exceeded $700 million in the last 24 hours, with the meme coin market cap up 33.5%, reaching over $64 billion. Analytics firm Santiment and Bloomberg host Tim Stenovec highlighted the resurgence of meme coins, with WIF reaching $1.96 before settling at $1.34.

Portfolio Pulse from Khyathi Dalal

March 05, 2024 | 5:02 pm

META

Meta Platforms Inc. experienced a widespread outage affecting Facebook, Instagram, and Threads, with users reporting issues across multiple countries. The outage, confirmed by website monitoring services and Meta's spokesperson, is not related to country-level filtering or censorship. Hashtags related to the outage trended on X, and Meta is actively working on resolving the issue. Elon Musk commented on the situation, highlighting that X's servers are operational.

Portfolio Pulse from Rounak Jain

March 05, 2024 | 4:42 pm

AAPL

Wedbush analyst Daniel Ives maintains an Outperform rating on Apple Inc (AAPL) with a $250 price target, despite challenges in China's smartphone market and the discontinuation of Apple's EV project. Ives highlights sluggish iPhone sales in China, which accounts for 20% of global sales, and competition from Huawei. However, he remains bullish due to achievable iPhone sales estimates for 2024 and 2025, strong growth in the Services segment, and the potential for App Store enhancements through AI. Apple shares are currently down 2% to $171.19, with a 9% decrease year-to-date in 2024.

Portfolio Pulse from Chris Katje

March 05, 2024 | 3:49 pm

ASML

INTC

NVDA

SMCI

TSM

A Reddit post on r/wallstreetbets sparked a discussion favoring Taiwan Semiconductor Manufacturing Company (TSMC) over other semiconductor companies like Nvidia, Super Micro Computer, ASML, and Intel. Redditors highlighted TSMC's strategic importance, global expansion, and high yields as key investment catalysts. The discussion also touched on geopolitical tensions, TSMC's role in Taiwan's defense, and its significance in AI, with some users citing Cathie Wood's investment in TSMC.

Portfolio Pulse from Surbhi Jain

March 05, 2024 | 3:30 pm

SCLX

Scilex Holding Company announced the launch of Gloperba, the first FDA-approved liquid oral colchicine for gout prophylaxis, priced at $595 per 150ml. Set to launch in the first half of 2024, Gloperba targets over 70% of gout patients with comorbid conditions requiring dose adjustments. The U.S. gout treatment market is expected to reach $2.0 billion by 2028. Scilex's direct distribution network and experienced commercial team, which successfully launched ZTlido and Elyxyb, positions it well for Gloperba's distribution.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:04 pm

HUGE

FSD Pharma announced the presentation of Lucid-21-302 data at the ACTRIMS Forum, scheduled for February 29 to March 2. This event is significant for the company as it showcases their latest research findings.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:16 pm

CPNG

Coupang (NYSE:CPNG), in partnership with the U.S. Department of Commerce and International Trade Administration, co-hosted EMPOWER Asia webinars aimed at promoting U.S. exports to South Korea, with a focus on women-owned businesses in the Food & Beverage and Apparel & Fashion industries. The webinars provided insights into Korea's commerce market, expected to exceed $563 billion by 2027, and offered guidance on leveraging Coupang's platform for cross-border trade. Speakers from various organizations shared their expertise on accessing the Korean market and succeeding on Coupang's platform.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:11 pm

AAPL

VGT

XLK

Apple Inc's iPhone sales in China dropped 24% in the first six weeks of the year, placing it fourth among smartphone vendors in the country. The decline was attributed to a 7% contraction in China's overall smartphone market and strong performances by Vivo and Huawei, with Huawei's market share increasing to 16.5%. Apple's market share fell to 15.7%. In response, Apple introduced discounts and promotions. Investors can gain exposure to Apple through ETFs like Vanguard Information Tech ETF (VGT) and SPDR Select Sector Fund - Technology (XLK). AAPL shares dropped 2.25% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 12:55 pm

BTCUSD

El Salvador President Nayib Bukele showcases his anticipation for Bitcoin's potential new all-time high with a meme on social media. Bitcoin's market cap has reached $1.33 trillion, with its price slightly down at $67,080.11. Bukele remains a staunch supporter of holding Bitcoin, despite criticism, and has highlighted El Salvador's profits and acquisition methods.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 12:55 pm