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AVAXUSD

DOGEUSD

FLOKIUSD

SHIBUSD

SOLUSD

Dog-themed cryptocurrencies, known as dog coins, are outperforming the broader crypto market, with Solana-native dog coin Bonk (BONK) leading the surge with a 1,441% rally. Solana (SOL) has also outperformed recently, which may be contributing to BONK's rise. Dogecoin (DOGE) has seen significant whale movement and plans to send physical tokens to the moon. Floki (FLOKI) has entered a marketing partnership with Indian cricket teams, and Shiba Inu (SHIB) has partnered with Manny Pacquiao for fundraising. Dogecoin millionaire Glauber Contessoto plans to invest in additional altcoins, including Avalanche (AVAX).

Portfolio Pulse from Khyathi Dalal

November 17, 2023 | 7:36 pm

AGE

PFE

Serina Therapeutics Inc has licensed its POZ polymer technology to Pfizer Inc for research and development activities. Serina, which is set to merge with AgeX Therapeutics Inc in an all-stock transaction, will continue under the Serina name post-merger. AgeX Therapeutics' stock (AGE) is trading lower on heavy volume, with shares down 28.3% at $0.42.

Portfolio Pulse from Vandana Singh

November 17, 2023 | 6:10 pm

APO

PCRFY

Panasonic Holdings Corp (OTC:PCRFY) plans to sell part of its automotive systems division to funds managed by Apollo Global Management (NYSE:APO). They signed an MOU to become strategic partners in Panasonic Automotive Systems Corporation's business, aiming to finalize the agreement by March 31, 2024. PAS specializes in infotainment systems and other advanced vehicle technologies. Panasonic is also considering a future listing of this business segment.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 6:00 pm

MDB

MSFT

ORCL

Microsoft's stock dipped slightly after its Ignite event, but analysts remain optimistic, citing the unveiling of new AI and cloud offerings, including the AI assistant Copilot. KeyBanc and Piper Sandler maintain overweight ratings with price targets of $420 and $425, respectively. The event also bodes well for MongoDB and Oracle, with potential tailwinds for the database layer. Microsoft's Copilot is seen as a potential 'iPhone moment', with the ability to significantly impact future revenues and earnings.

Portfolio Pulse from Neil Dennis

November 17, 2023 | 5:51 pm

NXPI

SIMO

TSM

WDC

Institutional investors have shown increased interest in five tech stocks according to 13F filings. Western Digital Corp (WDC) partners with AMD, AVGO, MSFT, ORCL, SAP, and VMW, and its stock is up 46.48% YTD. Taiwan Semiconductor (TSM) serves major clients like NVDA, AMD, AAPL, ARM, AVGO, MRVL, MDTKF, and QCOM, with a 46.48% YTD increase. Silicon Motion (SIMO) works with INTC and MU, up 33.11% YTD. NXP Semiconductors (NXPI) serves the automotive and IoT sectors, up 29.51% YTD. Kyndryl Holdings (KD), an IBM spinoff, partners with MSFT and DOW, and is up 56.56% YTD.

Portfolio Pulse from Surbhi Jain

November 17, 2023 | 5:17 pm

FSR

Panasonic Automotive and Fisker Inc. have collaborated to launch the Fisker Pulse audio system, powered by ELS STUDIO 3D, for the all-electric Fisker Ocean SUV. The system features 15 high-performance speakers and aims to blend audio performance with sustainability, using neodymium magnets to reduce speaker weight and energy consumption. The design integrates with Fisker's sustainable interior materials and aims to provide studio-quality sound with lower energy draw, contributing to the vehicle's driving range.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:51 pm

BTCUSD

IAT

At Benzinga’s Future of Digital Assets event, Mina Khattak of Worldpay emphasized the role of traditional banks in crypto adoption, highlighting the need for KYC and AML protocols. Panelists discussed the potential of retail banks to facilitate crypto trading and mass adoption. The industry faces challenges in rebuilding trust after numerous frauds and scams. Eric Parker of Giddy pointed out the importance of safe blockchain transactions and decentralized finance as an alternative in a high-inflation environment.

Portfolio Pulse from Neil Dennis

November 17, 2023 | 4:07 pm

MGM

The Detroit Casino Council has reached a tentative agreement on a new 5-year contract with MGM Resorts, potentially impacting labor relations and operations at MGM's Detroit location.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:42 pm

HSBC

Ashok Venkateswaran of Mastercard Inc. expressed skepticism about the readiness of central bank digital currencies (CBDCs) for widespread adoption at the Singapore FinTech Festival. He emphasized the need for CBDCs to be as easy to spend as cash and noted the significant development required for their infrastructure. Mastercard has been involved in CBDC projects, such as the e-HKD pilot in Hong Kong, alongside competitors like Visa Inc. and financial institutions HSBC Holdings plc and Hang Seng Bank. Venkateswaran sees potential in wholesale CBDCs for interbank settlements and highlighted Singapore's efficient payment system as a reason for the diminished need for a retail CBDC.

Portfolio Pulse from Murtuza Merchant

November 17, 2023 | 3:36 pm

Toyota Motor Corporation (NYSE:TM) has expanded its recycling agreement with Redwood Materials to include the creation of a circular supply chain for end-of-life automotive batteries from Toyota's electrified vehicles. The deal also allows Toyota to use recycled materials for new battery production. This follows a previous collaboration for battery collection and recycling. Toyota's North American supply chain will be supported by Redwood's Nevada facility, with an emphasis on the retiring fleet in California. TM shares saw a 0.95% increase to $192.20.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 3:24 pm