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ETH

Ethereum has seen a 22% decline in the past month, but trader Eugene Ng Ah Sio anticipates a potential rally. Despite disappointing Ethereum ETF flows, the negative sentiment and whale capitulation suggest a low positioning for Ethereum, which could lead to a rally. The lack of a Solana ETF and potential unwinding of SOL positions may also shift market dynamics in Ethereum's favor.

Portfolio Pulse from Khyathi Dalal

August 23, 2024 | 5:28 pm

GOOGL

JP Donahue, CMO of Deeproots, is helping cannabis brands recover from 'SEO trauma' by offering transparent and realistic SEO strategies. His work with Tropicanna Dispensary highlights the importance of unique branding and effective SEO, which helped Tropicanna achieve significant market success.

Portfolio Pulse from Nicolás Jose Rodriguez

August 23, 2024 | 5:27 pm

IWM

SPY

Market strategist Jay Woods discusses the potential impact of a Federal Reserve rate cut, the outlook for small-cap stocks, and election year trends. He predicts a rate cut in September, which may already be priced into stocks, and highlights the potential for a small-cap rally. The iShares Russell 2000 ETF (IWM) and SPDR S&P 500 ETF Trust (SPY) are mentioned as key indicators.

Portfolio Pulse from Chris Katje

August 23, 2024 | 5:23 pm

APDN

Applied DNA Sciences, Inc. (NASDAQ:APDN) stock surged on Friday due to high trading volume and the submission of a validation package to expand its Linea Mpox Virus 1.0 Assay. The expansion aims to include mpox clade I and clade II, pending approval from the New York State Department of Health. The stock's rise is also influenced by the WHO's declaration of a public health emergency over mpox.

Portfolio Pulse from Vandana Singh

August 23, 2024 | 5:19 pm

CMND

Clearmind Medicine Inc. (NASDAQ:CMND) has been granted a new U.S. patent for a compound aimed at regulating binge drinking. This patent is a significant milestone in their MEAI-based program, which targets Alcohol Use Disorder. Clearmind's patent portfolio now includes 29 patents across major markets.

Portfolio Pulse from Juan Spínelli

August 23, 2024 | 5:17 pm

GM

TSLA

UBER

Uber has partnered with GM's Cruise to expand its autonomous vehicle operations, adding Cruise's self-driving cars to its fleet by 2025. This partnership is part of Uber's broader strategy to integrate autonomous vehicles, which includes collaborations with Waymo and BYD. The news has positively impacted GM's stock, while Uber's stock has shown resilience. Analysts maintain a positive outlook on Uber and GM, with BofA and Goldman Sachs reiterating Buy ratings.

Portfolio Pulse from Natan Ponieman

August 23, 2024 | 5:08 pm

DIS

Investors are showing mixed sentiment on Walt Disney (NYSE:DIS) through options trading, with significant activity in both puts and calls. The options trades suggest a price range target of $85 to $140. The stock is currently trading at $89.81, with a neutral RSI. Anticipated earnings release is in 75 days.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 5:02 pm

COIN

HIVE

MARA

MSTR

Crypto-related stocks are experiencing a rise in share prices due to an increase in Bitcoin's value. This movement is influenced by recent economic data and statements from Fed Chair Powell.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 4:57 pm

BYDDY

BYD Co., Ltd. is set to reveal the production model of its Ocean-M concept, named the Seal 06 GT, at the Chengdu auto show. This all-electric mid-size sedan is designed for young drivers and features BYD's latest technologies. The model will be available for purchase in the third quarter of this year.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2024 | 4:56 pm

CODX

Co-Diagnostics shares are rising following the CDC's announcement that free at-home COVID-19 test delivery programs will resume in late September.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 4:43 pm