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MSTR

MicroStrategy shares hit a new 52-week high due to a surge in Bitcoin prices but later pulled back. The stock is up 220% YTD, driven by its significant Bitcoin holdings. Bitcoin's recent rally, fueled by ETF inflows and political factors, has positively impacted related stocks like MicroStrategy. Analysts have raised price targets for the company, with Barclays increasing its target from $173 to $225.

Portfolio Pulse from Vaishali Prayag

October 14, 2024 | 7:50 pm

CLSK

MARA

RIOT

Cryptocurrency markets are experiencing a rise, with Bitcoin, Ethereum, and Dogecoin seeing significant gains. This is attributed to expectations of Chinese economic stimulus. Bitcoin has crossed the $65,000 mark, prompting discussions about its entry into a FOMO zone. Despite the bullish sentiment, traders are advised to exercise caution as market corrections are expected.

Portfolio Pulse from Khyathi Dalal

October 14, 2024 | 7:44 pm

ORCL

The options market shows a bullish sentiment towards Oracle (NYSE:ORCL), with 48% of trades being bullish and a significant amount of call options. The predicted price range for Oracle is between $140 and $220. The stock is currently priced at $176.33, with RSI indicators suggesting it may be overbought.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 7:31 pm

GOOGL

Alphabet's Google has signed a deal with Kairos Power to purchase 500 megawatts of power from small modular reactors (SMRs) to meet its growing electricity demand, particularly from AI. The agreement aims to bring the first SMR online by 2030, with more deployments through 2035. This move is part of a broader trend of tech companies investing in nuclear power to address increasing energy needs.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:06 pm

CNC

Centene Corporation's subsidiary, Meridian Health Plan of Michigan, has been awarded a contract by the Michigan Department of Health and Human Services to provide integrated Medicare and Medicaid services for dual-eligible members. The new plan will launch on January 1, 2026.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 6:59 pm

NFLX

Netflix is expected to benefit from its ad-supported tier and potential price increases, with analysts raising price targets ahead of its Q3 earnings. Goldman Sachs and Macquarie analysts highlight Netflix's pricing power and market leadership as key factors for its stock performance.

Portfolio Pulse from Chris Katje

October 14, 2024 | 6:36 pm

EA

NTDOY

SONY

The US gaming market saw a 7% decline in spending in August 2024, with hardware sales dropping significantly, particularly for Nintendo's Switch. However, Electronic Arts' Madden NFL 25 was a bright spot, topping sales charts. Despite the decline, year-to-date spending remains stable.

Portfolio Pulse from Franca Quarneti

October 14, 2024 | 6:30 pm

AAPL

AMD

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is expected to report significant Q3 revenue growth driven by AI demand, with a forecasted topline of $23.096 billion. TSMC is a key supplier for Nvidia and Apple, and is expanding its AI chip production globally.

Portfolio Pulse from Anusuya Lahiri

October 14, 2024 | 6:23 pm

BLK

BlackRock, Inc. (NYSE:BLK) reported strong Q3 earnings, with revenue and EPS beating expectations. Analysts from Morgan Stanley, Evercore ISI Group, and Barclays raised their price targets for BlackRock, reflecting positive sentiment. BlackRock's focus on private markets and infrastructure, especially AI innovation, is highlighted.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 6:21 pm

ADBE

Adobe shares are experiencing an uptick following the announcement of new product launches at the Adobe MAX 2024 event.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 6:10 pm