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BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are slightly down as the Ethereum ETF decision looms. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading lower. The S&P Global US Services and Manufacturing PMIs have risen, exceeding market expectations. Charles Schwab's survey shows traders view cryptocurrencies as risky, and the House passed a bill to ban the Federal Reserve from establishing a CBDC. Bitcoin long liquidations peaked at a two-week high, and notable developments include Wisconsin becoming the first state to buy Bitcoin.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 8:31 pm

BHP

BVN

FMST

TMC

Foremost Lithium completed its winter drilling program, TMC praised a legislative proposal for refining studies, Buenaventura suspended plant operations due to community issues, and BHP secured an extension for its takeover bid of Anglo American.

Portfolio Pulse from austin@walkonholdings.com

May 23, 2024 | 8:27 pm

INTU

Intuit Inc (NASDAQ:INTU) reported strong Q3 earnings with revenue and EPS beating estimates. The company raised its full-year guidance, citing AI momentum. Despite positive results, shares fell 5.63% after hours.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 8:26 pm

WDAY

The Defense Intelligence Agency (DIA) has selected Workday to modernize its human resources systems. The terms of the agreement were not disclosed. This partnership highlights Workday's potential to transform business processes within the U.S. Intelligence Community and the federal government.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:17 pm

SUPN

Supernus Pharmaceuticals has announced interim analysis data from its Phase 2a clinical study of SPN-817, which is being developed for treatment-resistant seizures.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:09 pm

BRK

BYDDY

NIO

TSLA

General Motors (GM) CEO Mary Barra discussed the company's transition to electric vehicles (EVs) at the Detroit Economic Club, emphasizing design, affordability, and driving range. She highlighted the importance of building an EV charging network and partnerships, such as with Berkshire Hathaway's Pilot Flying J. Barra also addressed competition from Tesla and Chinese EV makers like BYD and Nio, stressing GM's focus on brand loyalty and supply chain resilience.

Portfolio Pulse from Hayden Buckfire

May 23, 2024 | 7:55 pm

FAA's Whitaker is set to brief lawmakers on Boeing's safety issues in early June. This comes as Boeing faces a long road to address these concerns, according to the FAA.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:41 pm

CRM

FDTX

FEPI

Salesforce (NYSE: CRM) is expected to continue its growth despite forex headwinds and delays in AI development. Analysts have mixed ratings and price targets, with Wells Fargo lowering its target to $300 and Oppenheimer maintaining a $325 target. Stifel remains optimistic with a $350 target. Salesforce's stock has gained over 34% in the last 12 months, and investors can gain exposure through ETFs like REX FANG & Innovation Equity Premium Income ETF (NASDAQ: FEPI) and Fidelity Disruptive Technology ETF (NASDAQ: FDTX).

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 7:17 pm

AMD

INTC

MSFT

QCOM

Microsoft's launch of its first laptop running on Qualcomm's ARM-based microprocessor has sparked a debate among tech enthusiasts and investors about the future of laptop processors. The discussion centers on whether AMD and Intel will pivot to ARM-based chips or stick with x86 architecture. Qualcomm's expertise in low-power development and Microsoft's support for an x86 to ARM translation layer could help ARM capture a significant share of the laptop market. Meanwhile, AMD and Intel are developing next-gen mobile chips with powerful integrated GPUs to compete.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 7:08 pm

BTCUSD

ETHUSD

Prominent figures in traditional finance, including Ken Griffin, Carl Icahn, Stanley Druckenmiller, Ray Dalio, Jamie Dimon, Paul Tudor Jones, and Larry Fink, have expressed interest in Ethereum (ETH), highlighting its potential as a store of value, payment system, and industrial digital asset. The upcoming decision on spot Ethereum ETFs could shift focus from Bitcoin (BTC) to Ethereum.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 7:07 pm