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BTCUSD

ETHUSD

Prominent crypto analyst Ted highlights key economic indicators and central bank actions that could impact Bitcoin's price in the upcoming week. Despite positive inflation data, the Federal Reserve's cautious messaging and revised rate cut expectations could influence market sentiment. Bitcoin must maintain its $66,000 support level to avoid significant sell-offs.

Portfolio Pulse from Khyathi Dalal

June 17, 2024 | 1:39 pm

AMC

AMC Theatres reported its highest attendance and admissions revenue of 2024 during the June 13-16 weekend, driven by the releases of 'Inside Out 2' and 'Bad Boys: Ride Or Die'. The company saw over 1 million moviegoers each day and experienced double-digit international growth.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:30 pm

BTI

CNBS

CURLF

GTBIF

OGI

TCNNF

Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (NYSE:CNBS), discusses the growth potential in the cannabis sector, emphasizing the importance of strategic partnerships, operational efficiencies, and the burgeoning U.S. hemp cannabinoid market. He highlights companies like Curaleaf, Green Thumb Industries, and Trulieve for their strong market positions and governance. Seymour also notes British Tobacco's investment in Organigram as a strategic move to expand international market reach.

Portfolio Pulse from Nicolás Jose Rodriguez

June 17, 2024 | 1:26 pm

SLYV

SPY

A Reddit discussion highlights the need to adjust market cap definitions for inflation, as small-cap value stocks lag 20% behind the S&P 500. The SPDR S&P 600 Small Cap Value ETF (SLYV) is down 8.31% YTD, while the SPDR S&P 500 ETF (SPY) has gained 14.19%. Adjusting market cap thresholds could provide a more accurate representation of company sizes and aid in better investment decisions.

Portfolio Pulse from Surbhi Jain

June 17, 2024 | 1:22 pm

FBIO

MBIO

Mustang Bio Inc (NASDAQ:MBIO) shares surged over 190% on Monday following the announcement of positive Phase 1/2 trial results for their CAR T-cell therapy, MB-106, targeting Waldenstrom macroglobulinemia. The trial showed a 90% response rate with favorable safety outcomes. The company, founded by Fortress Biotech Inc (NASDAQ:FBIO), presented these results at the European Hematology Association 2024 Hybrid Congress.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 1:21 pm

GOOGL

STGW

Stagwell announced the integration of Google Cloud and Gemini AI models into four of its popular digital marketing apps. The new AI-powered features were unveiled at the Cannes event, leveraging Google Cloud's infrastructure and AI services.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:15 pm

MRNS

Marinus Pharmaceuticals announced mixed results from its Phase 3 RAISE trial for IV ganaxolone in treating refractory status epilepticus (RSE). While the drug showed significant efficacy in stopping status epilepticus within 30 minutes, it failed to achieve statistical significance in preventing progression to IV anesthesia. The company plans to continue analyzing the data and engage with the FDA for further steps.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 1:14 pm

RIO

Rio Tinto (NYSE:RIO) is set to receive approval from Serbia to develop Europe's largest lithium mine, the Jadar project, by 2028. This project aims to produce significant amounts of lithium carbonate, boric acid, and sodium sulfate, crucial for the EV industry and other industrial applications. Despite past environmental concerns and opposition, new guarantees from Rio Tinto and the EU have addressed these issues, leading to the project's revival.

Portfolio Pulse from Stjepan Kalinic

June 17, 2024 | 1:12 pm

INTC

TSM

TSMC has received orders for 3nm chips from Intel for its upcoming notebook processor series, with wafer production already underway.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:12 pm

NVDA

NVIDIA has contributed the largest ever indoor synthetic dataset to the AI City Challenge at the CVPR conference, aiding the development of AI models for smart cities and industrial automation. The dataset, created using NVIDIA Omniverse, includes 212 hours of 1080p video and features nearly 1,000 cameras and 2,500 digital human characters. This initiative aims to enhance operational efficiency in physical settings such as retail and warehouse environments.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:10 pm