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MSFT

Redditors on the r/investing subreddit have identified Microsoft Corp (NASDAQ:MSFT) as the top stock to hold for the next 30 years, citing its industry dominance, innovation, adaptability, and financial stability. Other stocks mentioned for long-term investment include Lockheed Martin Corp (NYSE:LMT), Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), and Apple Inc (NASDAQ:AAPL), each recognized for their respective strengths in defense technology, information retrieval services, and innovative consumer products.

Portfolio Pulse from Surbhi Jain

March 19, 2024 | 8:07 pm

BTCUSD

Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom Fund, predicts Bitcoin (BTC) could reach a $1 million valuation due to the current macroeconomic environment. He cites negative real yields and the introduction of Bitcoin ETFs as key drivers for Bitcoin's integration into the traditional financial system and its appeal to investors seeking alternatives to government bonds. Hayes emphasizes the role of macroeconomic trends, including government spending and inflation concerns, in supporting Bitcoin's potential growth.

Portfolio Pulse from Murtuza Merchant

March 19, 2024 | 8:06 pm

NYXH

Nyxoah announced that its DREAM US pivotal study met its primary endpoints. CEO Olivier Taelman stated they are finalizing the PMA application's fourth module and anticipate launching Genio in the U.S, pending FDA approval.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:06 pm

DSGN

Design Therapeutics, Inc. (DSGN) provided an update on its GeneTAC platform, highlighting progress in developing treatments for degenerative genetic diseases. Key updates include a new drug product for Friedreich Ataxia (FA), DT-216P2, with favorable pharmacokinetic and safety profiles, an IND clearance for DT-168 for Fuchs Endothelial Corneal Dystrophy (FECD), and a new program targeting Huntington's Disease (HD). The company reported a strong financial position with $281.8 million in cash and securities, supporting a five-year operating runway.

Portfolio Pulse from Happy Mohamed

March 19, 2024 | 8:02 pm

MNTS

Momentus Space has received U.S. Patent 11,936,335 for a 'Rollable Tape Spring Solar Array' designed for solar energy harvesting on spacecraft. This innovation could enhance the efficiency and flexibility of power generation in space, potentially impacting Momentus Space's offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:58 pm

ENVB

Enveric Biosciences Canada has been granted U.S. Patent #11931338 for nitrilated psilocybin derivatives and their usage methods. This development could potentially enhance the company's intellectual property portfolio and open new avenues in psychedelic-based treatments.

Portfolio Pulse from Charles Gross

March 19, 2024 | 7:33 pm

CELH

Investors have shown a bullish stance on Celsius Holdings (NASDAQ:CELH), with unusual options activity indicating a split sentiment of 55% bullish and 44% bearish. The options trades suggest a price window of $48.33 to $125.0 for CELH. The company, known for its energy drinks, has a significant market presence in North America and a strategic distribution agreement with PepsiCo. Despite a recent price drop of -2.84% to $87.0, professional analysts have set an average price target of $88.8, with ratings ranging from Buy to Equal-Weight.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 7:31 pm

GOOGL

MSFT

NVDA

Microsoft Corporation (NASDAQ:MSFT) has hired Mustafa Suleyman, co-founder of DeepMind, to lead a new consumer-facing AI unit named Microsoft AI, which will include products like Copilot, Bing, and Edge. Suleyman, along with Karen Simonyan and several members from Inflection, a company they co-founded, will join Microsoft. This move is part of Microsoft's ambitious AI strategy, with Suleyman reporting directly to CEO Satya Nadella. Inflection announced the departure of Suleyman and Simonyan, introducing Sean White as the new CEO. Microsoft's partnership with OpenAI is expected to remain unaffected by these changes.

Portfolio Pulse from Neil Dennis

March 19, 2024 | 7:26 pm

META

NVDA

A Meta spokesperson informed Reuters that Meta Platforms does not anticipate receiving Nvidia's new flagship AI chip this year. This announcement could impact the supply and deployment plans for Meta's AI initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:26 pm

DIS

Disney has secured a new deal granting it rights to simulcast and megacast College Football Playoff (CFP) games across its platforms, including direct-to-consumer offerings, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:19 pm