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BX

CG

MGM

Red Bull is reportedly considering a $4 billion investment to bring an NBA franchise to Las Vegas. This move could significantly impact the sports landscape in the city, which is already home to NHL, NFL, and soon MLB teams. Private equity firms like Ares Management, Blackstone, and Carlyle Group are also interested in sports team investments. T-Mobile Arena, partially owned by MGM Resorts, could be a potential venue for the new team.

Portfolio Pulse from Hayden Buckfire

June 20, 2024 | 7:00 pm

BTCUSD

The article highlights the contributions of Max Keiser, a long-time Bitcoin advocate, who has been a consistent supporter of the cryptocurrency since its early days. Keiser's influence extends to advising the President of El Salvador on Bitcoin adoption and predicting significant future value for Bitcoin.

Portfolio Pulse from Khyathi Dalal

June 20, 2024 | 6:59 pm

FOX

FOXA

FOX News Media will broadcast live coverage of the Biden-Trump presidential debate on June 27 in Atlanta across all key platforms. Bret Baier and Martha MacCallum will lead the extensive coverage for 'FOX News Democracy 2024'.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 6:52 pm

AMZN

Amazon shares are trading higher due to the general availability of Anthropic’s AI model Claude 3.5 Sonnet in Amazon Bedrock and the introduction of new technology features by Amazon Business. Amazon has invested $4 billion in Anthropic and aims to enhance business procurement efficiency with new tools.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 6:41 pm

ZAPP

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares surged after the company reported improved financial results for the first half of fiscal year 2024 and raised its business outlook. The company reduced its net loss and operating loss compared to the same period in 2023 and expects significant sales growth in the coming years.

Portfolio Pulse from Erica Kollmann

June 20, 2024 | 6:41 pm

AVAXUSD

BTCUSD

DOGEUSD

Altcoin Sherpa, a well-known crypto trader, analyzed the current state of the 'meme coin super cycle,' discussing the pros and cons of investing in meme coins like Dogecoin. He highlighted the speculative nature and accessibility of meme coins but also warned about the risks of scams and insider control. Sherpa suggested a diversified portfolio strategy, including both top assets like Bitcoin and meme coins for high returns.

Portfolio Pulse from Khyathi Dalal

June 20, 2024 | 6:40 pm

FEMY

MGOL

SONN

TPST

TRVN

ZAPP

U.S. stocks traded mixed with the Dow Jones gaining over 300 points. Energy shares rose by 2%, while information technology shares fell by 1.1%. Zapp Electric Vehicles Group shares surged 129% on positive delivery expectations. MGO Global shares rose 66% on acquisition news. Femasys shares increased 29% after receiving CE Mark approval. Tempest Therapeutics, Trevena, and Sonnet BioTherapeutics saw significant declines.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 6:35 pm

HES

MPC

SLB

XLE

XOM

Crude oil prices surged past $81 per barrel, eyeing the highest close in 7 weeks, driven by a larger-than-expected drop in U.S. crude oil inventories. Energy stocks and ETFs, including XLE, HES, SLB, MPC, and XOM, saw significant gains.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 6:17 pm

META

PINS

SNAP

New York Governor Kathy Hochul announced the signing of a groundbreaking legislation aimed at combating addictive algorithms used by social media companies to protect young people. This move could impact companies like Meta (META), Pinterest (PINS), and Snap (SNAP).

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 6:10 pm

AMD

INTC

NVDA

Nvidia Corp (NASDAQ:NVDA) is expected to maintain its 80%+ market share in the AI hardware market as the AI sector is projected to triple in the coming years, according to BofA Securities analyst Vivek Arya. Despite a significant surge in its stock price, Nvidia is still considered 'quite inexpensive' based on certain metrics. Competitors like AMD and Intel hold smaller market shares.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 6:09 pm