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TTWO

A GTA 5 leak has revealed eight unreleased single-player DLCs by Rockstar Games, a subsidiary of Take-Two Interactive Software Inc (NASDAQ:TTWO). The scrapped expansions include various themed packs and a return to Liberty City. Rockstar likely abandoned these due to the success of GTA Online, focus on next-gen versions of GTA 5, and the development of Red Dead Redemption 2. Despite the lack of single-player DLC for GTA 5 and Red Dead Redemption 2, Rockstar still values single-player experiences and may consider DLC for future titles.

Portfolio Pulse from Franca Quarneti

December 27, 2023 | 7:16 pm

AAPL

COIN

DIA

GLD

QQQ

SPY

TSLA

UUP

U.S. stocks showed little movement on Wednesday, with major indices near all-time highs. The dollar and Treasury yields fell, with the Invesco DB USD Index Bullish Fund ETF (UUP) down 0.6% and the 10-year Treasury note yield at a five-month low. Gold prices rose, reflected by the SPDR Gold Trust (GLD), up 0.9%. Major ETFs like SPY, DIA, and QQQ were stable. Real Estate (XLRE), Consumer Staples (XLP), and Utilities (XLU) sectors gained, while Energy (XLE) dipped. Gold miners (GDX) and oil services (OIH) ETFs moved in opposite directions. Tesla (TSLA) rose on Model Y news, crypto stocks like Coinbase (COIN), Bit Digital (BTBT), and Marathon Digital (MARA) surged, and Apple (AAPL) remained steady after a legal update.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 7:02 pm

ROI

RiskOn International shares are trading higher in anticipation of the company's announcement of its new generative AI platform and the unveiling of a principal technology partner on January 3.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:08 pm

ETHUSD

On Tuesday, 3,955.76 Ether (ETH) valued at approximately $9.29 million was burned, permanently removing it from circulation. This event follows the EIP-1159 upgrade implemented on the Ethereum blockchain on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -2.49% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 6:00 pm

AMZN

GOOGL

META

Wedbush analysts, led by Scott Devitt, provided insights for 2024, favoring Amazon (AMZN) and Meta Platforms (META) in eCommerce and digital advertising, respectively. They predict normalized growth rates for both sectors and see Amazon as well positioned with rising retail margins, AWS growth, and strong advertising revenue. Meta is expected to benefit from monetization of new products and AI features. Google (GOOGL) was downgraded to #2 in digital advertising due to challenges in Google Cloud and AI initiatives. Wedbush maintains Outperform ratings on all three, with price targets of $210 for AMZN, $420 for META, and $160 for GOOGL.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 5:53 pm

BYDDY

TSLA

VWAGY

Toyota Motor (NYSE:TM) is expected to maintain its position as the world's best-selling automaker, outperforming Volkswagen AG (OTC:VWAGY). Meanwhile, BYD Company Limited (OTC:BYDDY) is projected to surpass Tesla Inc (NASDAQ:TSLA) as the leading EV seller. Toyota's sales rose 12% YoY in November, with a significant increase in China. BYD's growth signifies China's rising dominance in the EV market. Tesla faces challenges with its Cybertruck and reported lower than expected Q3 deliveries. Tesla plans a Model Y revamp in Shanghai for mid-2024 production, but BYD is likely to outsell Tesla in the current quarter.

Portfolio Pulse from Upwallstreet

December 27, 2023 | 5:47 pm

MLGO

MicroAlgo, Inc. (NASDAQ:MLGO) announced its new quantum shield distributed ledger technology (QSDLT) aimed at securing Bitcoin and other cryptocurrencies against quantum computer threats. The QSDLT uses advanced cryptographic algorithms to protect transactions and user identities, and it also reduces the cost of Bitcoin transactions. Despite this announcement, MLGO shares dropped 28.3% to $0.81. Additionally, MicroAlgo recently unveiled a Bitcoin trading prediction algorithm that employs machine learning and technical indicators.

Portfolio Pulse from Nabaparna Bhattacharya

December 27, 2023 | 5:38 pm

AAPL

AMZN

BBY

COST

MASI

WMT

A U.S. appeals court has temporarily halted the import ban on certain Apple Inc smartwatches amid a patent dispute with Masimo Corporation. The ban, which was due to Apple's alleged theft of pulse oximetry technology, affects Apple Watches with blood-oxygen level reading technology. Apple has paused sales of its Series 9 and Ultra 2 smartwatches in the U.S., but they are still available through retailers like Amazon, Best Buy, Costco, and Walmart. The Apple Watch SE is not affected by the ban. Legal battles continue, with a mistrial in California and a separate lawsuit filed by Apple in Delaware. Apple's stock saw a slight decline of 0.18% to $192.70.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 5:37 pm

SONY

Sony Group Corp. (NYSE:SONY) is rumored to be forming a new in-house studio with former Deviation Games employees. The speculation began after job description updates from ex-Deviation Games staff were noticed. The potential new studio could leverage the talent of industry veterans like Jason Blundell, who has a notable history with the Call of Duty series. Deviation Games recently laid off about 90 employees, and Sony is also planning layoffs at Insomniac Games after a cyberattack. The formation of the new studio is still unconfirmed but is seen as promising due to the available talent.

Portfolio Pulse from Franca Quarneti

December 27, 2023 | 5:30 pm

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