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Crypto analyst Michaël van de Poppe suggests Ethereum (ETH) is poised for a strong quarter, historically its best, as the Bitcoin (BTC) halving event in April 2024 approaches. He notes that market sentiment has been skewed towards Bitcoin due to the anticipation of spot ETF approvals, but expects Ethereum to gain traction, especially with its transition from Proof-of-Work to Proof-of-Stake. The upcoming Dencun network upgrade is also expected to contribute to Ethereum's growth. Bitwise predicts Ethereum's fees will double in 2024, and Glassnode cofounders target a $2.5k to $2.7k price range for ETH.

Portfolio Pulse from Khyathi Dalal

December 25, 2023 | 3:33 pm

DIS

A recent study and viral video have sparked discussions about the wealth of the McCallister family from the 1990 film 'Home Alone.' The family's house in Winnetka, a Chicago suburb, suggests they are in the top 1% of incomes. A Zillow Group estimate in 2022 valued the house at $2.4 million. The film, now owned by The Walt Disney Company, grossed over $285.8 million domestically and can be streamed on Disney+. The article does not provide concrete details about the family's income or occupations.

Portfolio Pulse from Chris Katje

December 25, 2023 | 3:00 pm

DOGE

ETH

SHIB

SOL

Solana's meme coin BONK has seen a 9000% increase year-to-date, reaching a market cap of $1.17 billion, making it the third-largest dog-themed coin. The surge followed a significant airdrop to the Solana community and support from major exchanges like Coinbase and Binance. The Solana Saga phone also saw increased demand due to BONK. Other Solana-based tokens like Helium and Dogwifhat also experienced substantial gains. However, analysts warn of a potential correction for BONK in the near future.

Portfolio Pulse from Mehab Qureshi

December 25, 2023 | 11:15 am

BTCUSD

Crypto analyst TechDev predicts Bitcoin (BTC) may hit a new all-time high soon, based on the on-balance volume (OBV) indicator, which has historically signaled new peaks. The OBV is at new highs, and historically, a new all-time high followed within two months, with a top six to ten months later. The Vortex Indicator (VI) also shows bullish signals for Bitcoin. The anticipated Bitcoin ETF launch in early January 2024 and a 164% surge in Bitcoin's market cap in 2023, partly due to optimism over a potential US-approved Bitcoin ETF, are contributing to positive sentiment. BTC is currently trading at $43,616.73.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 10:03 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) is increasing production of its electric delivery vans, as seen in a recent drone video. The company has amended its exclusive deal with Amazon, allowing it to sell to other fleet operators. AT&T Inc (NYSE:T) plans to purchase Rivian EVs for its fleet starting in 2024. Despite the production ramp-up, Rivian's CFO Claire McDonough anticipates fewer deliveries to Amazon in Q4 due to the holiday period.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 7:29 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has achieved over 20,000 vehicle registrations in Sweden this year despite an ongoing workers' strike that is nearing two months. The strike, initiated by IF Metall, is focused on collective bargaining agreements. Tesla has not shown willingness to comply with union demands, maintaining that its terms are fair. The Model Y is one of the best-selling car models in Sweden, and the strike has gained support from unions in neighboring countries.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 5:49 pm

RIVN

TSLA

Ross Gerber, a Tesla investor and CEO of Gerber Kawasaki Wealth and Investment Management, expressed boredom with his Tesla Model Y and has replaced it with a Rivian R1S SUV. Despite this, Gerber remains a Tesla fan and his firm holds Tesla as its largest position with shares worth about $100 million. His decision to switch to Rivian was partly influenced by Elon Musk's controversial support for a post, which Musk later apologized for. Gerber's comments highlight the competition in the high-end EV market in Los Angeles.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 5:13 pm

NVO

Novo Nordisk A/S (NYSE:NVO) plans to build a large-scale manufacturing facility in Dublin to meet the surging demand for its weight loss drugs Ozempic and Wegovy. The facility, expected to be operational by 2026, will cost over €2 billion and cover 147,192 square meters. This expansion follows the company's recent acquisition of an Athlone manufacturing site from Alkermes.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 4:32 pm

GOOG

GOOGL

MSFT

This week in AI, Alphabet Inc. restricted election-related queries on its AI chatbot Bard, Bill Gates discussed AI's impact on healthcare, and OpenAI, along with Microsoft, faced a copyright infringement lawsuit. Google's decision aims to manage AI's interaction with voters for the 2024 elections. Bill Gates emphasized AI's potential in healthcare and its influence on future generations. OpenAI and Microsoft are accused of using authors' works without permission to train AI programs. Additionally, Jordan Peterson criticized the 'wokeness' of AI chatbots, and Elon Musk reflected on OpenAI's early days.

Portfolio Pulse from Benzinga Neuro

December 24, 2023 | 2:00 pm

AAPL

GOOG

INTC

QCOM

SSNLF

Apple Inc. executives Johny Srouji and John Ternus revealed the reasons behind the superior performance and efficiency of Apple's chips, such as the A17 Pro in the iPhone 15 Pro models. Apple's vertical integration and close coordination among hardware, silicon, and software teams allow for optimized chip design unique to Apple products. This approach contrasts with rivals like Google and Qualcomm, who rely on designs from Arm Holdings and Qualcomm. Apple has also ceased using Intel chips in Macs, favoring its own M-series chips.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 1:54 pm