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CIFR

CLSK

HUT

Shares of Bitcoin miners Cipher Mining Inc (CIFR), CleanSpark Inc (CLSK), and Hut 8 Corp (HUT) are trading higher as Bitcoin's price rises. Bitcoin crossed $40,000 in early December and has been volatile. The crypto rally is driven by optimism for a potential spot ETF, with Grayscale refiling a Bitcoin ETF application. Analysts expect SEC approval in early 2024. Federal Reserve rate cut expectations for 2024 are also boosting the crypto market. CIFR shares rose 7.03%, CLSK 10.1%, and HUT 5.04%.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 3:29 pm

CDXS

NSRGY

Codexis, Inc. (CDXS) has entered into a purchase agreement with Nestlé Health Science, a division of Nestlé S.A. (NSRGY), for the enzyme CDX-7108, a potential treatment for exocrine pancreatic insufficiency (EPI). The deal could be worth up to $45 million in milestone payments for Codexis, including a $5 million upfront payment and additional sales-based royalties. Codexis may receive another $5 million if Nestlé exercises an option for two more early-stage enzymes. Nestlé Health Science will take over the development and marketing of CDX-7108. Following the news, CDXS shares rose by 4.52% to $3.47.

Portfolio Pulse from Akanksha Bakshi

December 27, 2023 | 3:28 pm

CENN

Cenntro Electric Group Limited (NASDAQ:CENN) has received the R155 and R156 EU compliance certifications, which are essential for vehicle sales in the EU starting Q2 2024. These certifications ensure that vehicles meet cybersecurity and software update standards. Cenntro's current models, LS100, LS200, and LS260, are now eligible to be sold in all EU countries, supporting the company's growth in the European market and its commitment to zero-emission initiatives.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 3:11 pm

CMPS

IXHL

PSIL

President Biden signed the 2024 NDAA, which includes funding for clinical trials with psychedelics for active military members. Robert F. Kennedy Jr. expressed support for psychedelics in mental health treatment. Incannex Healthcare (NASDAQ:IXHL) is set to open Australia's first dedicated psychedelic-assisted therapy clinic. Psychedelics stocks showed varied performance, with COMPASS Pathways (NASDAQ:CMPS) closing at $8.75, and AdvisorShares Psychedelics ETF (NYSE:PSIL) closing at $1.42.

Portfolio Pulse from Lara Goldstein

December 27, 2023 | 3:09 pm

KULR

KULR Technology Group Inc (AMEX:KULR) shares rose after announcing an initial purchase order from a major private space exploration company for its KULR ONE Design Solutions (K1-DS) platform for battery safety testing. The K1-DS platform includes various technologies for comprehensive cell level characterization of thermal runaway behavior. This order aligns with KULR's strategy to expand in the space exploration market and anticipates more design wins next year. Earlier, KULR secured a contract for space battery development, expected to grow into a multi-million-dollar partnership in 2024. KULR shares increased by 5.62% to $0.1972.

Portfolio Pulse from Lekha Gupta

December 27, 2023 | 3:06 pm

AMZN

PLUG

Plug Power Inc (NASDAQ:PLUG) stock is trading higher after completing its first electrolyzer installation at an Amazon.com Inc (NASDAQ:AMZN) fulfillment center. The one-megawatt system will produce low-carbon hydrogen to fuel over 225 hydrogen fuel cell-powered forklift trucks. Plug Power has deployed over 17,000 fuel cells at more than 80 Amazon fulfillment centers in North America. The news reflects Plug Power's capabilities in the hydrogen value chain and its ongoing partnership with Amazon.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 3:04 pm

TCNNF

Trulieve Cannabis Corp. has secured a $25 million loan at an 8.31% interest rate for five years, using a Florida cultivation site as collateral. The funds will support general corporate purposes. Trulieve also opened two new medical dispensaries in Florida, expanding its presence in the state. The company offers a range of in-house and partner brand products exclusively at its Florida locations. The news suggests a positive outlook for Trulieve's growth and financial flexibility.

Portfolio Pulse from Jelena Martinovic

December 27, 2023 | 2:59 pm

AAPL

The article discusses a unique habit of the late Steve Jobs, co-founder of Apple Inc (NASDAQ:AAPL), who used to buy a new black Porsche 911 every six months to avoid having license plates, exploiting a California loophole that didn't require plates on new cars for up to six months. This practice, known as the 'Steve Jobs Loophole,' ended in January 2019 when California mandated temporary plates at the time of new vehicle sales. Jobs, who served as Apple's CEO from 1997 until 2011, was known for his leadership and the introduction of the iPhone.

Portfolio Pulse from Chris Katje

December 27, 2023 | 2:58 pm

SHOP

SOL

Solana (SOL) ends 2023 on a high, reaching a new 52-week high and becoming a highly discussed cryptocurrency. Key highlights include airdrops, meme coins like Bonk (BONK) and Dogwifhat (WIF), and becoming the fourth-largest digital coin by market cap. Solana's partnerships with Visa (V), Mastercard (MA), and Shopify (SHOP) have strengthened its position. The Solana Saga mobile phone sold out, and the Helium Network migration to Solana was completed. Solana also launched a ChatGPT plugin and began tracking its carbon footprint. SOL's price surged over 800% YTD, outperforming Bitcoin (BTC) and Ethereum (ETH).

Portfolio Pulse from Chris Katje

December 27, 2023 | 2:44 pm

NVDA

SPY

SSNLF

Nvidia Corp (NASDAQ:NVDA) is trading higher after reports of making significant advance payments to SK Hynix and Micron Technology, Inc (NASDAQ:MU) for High Bandwidth Memory (HBM). The payments, totaling billions, aim to secure a stable supply of HBM3e for Nvidia's 2024 GPU products. This move is seen as a proactive strategy in a competitive market. Nvidia's investment is also beneficial to memory suppliers like SK Hynix and Samsung Electronics Co (OTC:SSNLF), especially after a challenging year. Samsung has completed product testing for HBM3 and HBM3e and signed a supply contract with Nvidia, although its technology might require additional processes. Nvidia's stock has outperformed SPDR S&P 500 (NYSE:SPY) with a year-to-date gain of over 244%.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 2:37 pm