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AAPL

SPOT

Taylor Swift's new album, 'The Tortured Poets Department,' is set to release, potentially boosting revenues for Universal Music Group. Swift, who has already achieved billionaire status through her Eras Tour, could make $50-$100 million from this project. Her previous album 'Midnights' generated over $200 million for Universal, and Swift made more than $23 million from it. Swift's earnings also include significant contributions from streaming platforms like Apple Music and Spotify, with over $100 million earned from Spotify in 2023 alone.

Portfolio Pulse from Aaron Bry

April 18, 2024 | 7:04 pm

IXN

MSFT

VGT

Analysts from Citigroup and BofA Securities have reiterated their positive outlook on Microsoft Corp (NASDAQ:MSFT), citing strong growth trends in Azure and AI services. Citigroup's analyst Tyler Radke maintained a Buy rating but slightly lowered the price target from $480 to $475, while BofA's Brad Sills expects a healthy upside to revenue estimates, particularly from Azure and M365. Microsoft's strategic emphasis on AI and cloud services is expected to drive strong future performance, with the stock gaining over 40% in the last 12 months. Investors can also gain exposure to Microsoft through IShares Global Tech ETF (NYSE:IXN) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 6:56 pm

XPON

Expion360 shares are trading higher following the announcement of preorders for its Group 27 and GC2 batteries.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:56 pm

AMZN

Needham analyst Laura Martin reiterated a Buy rating on Amazon.com Inc (NASDAQ:AMZN) with a $205 price target, raising fiscal 2024 profit estimates based on expected cost-cutting and margin expansion. Martin predicts Amazon will lead in the AI revolution with its strategic position in GenAI and development of GenAI chips, expecting it to be one of the top beneficiaries in the digital market's 'winner take most' dynamics.

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 6:36 pm

DIS

WBD

The NBA's exclusive negotiating window with Disney and Warner Bros. Discovery for TV rights is set to expire without a deal, opening opportunities for new partners like Amazon, Apple, and Netflix. Despite ongoing discussions, no agreement is expected by the deadline. The NBA seeks to double its previous $24 billion media rights deal, complicating negotiations. Disney and Warner Bros. Discovery, aiming to renew their rights, have also announced a new sports streaming service launching in the fall.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:33 pm

ALLO

ARKK

COIN

FDMT

HOOD

MOON

RNA

TSLA

The article discusses the investment strategy of focusing on innovative technologies, highlighting the ARK Innovation ETF (ARKK) and the Direxion Moonshot Innovators ETF (MOON). Despite ARKK's recent downturn, largely due to its investment in Tesla (TSLA), the potential for high rewards from such innovative investments is emphasized. MOON aims to invest in the top innovative U.S. companies, with top holdings including Avidity Biosciences (RNA), 4D Molecular Therapeutics (FDMT), Coinbase Global (COIN), Robinhood Markets (HOOD), and Allogene Therapeutics (ALLO).

Portfolio Pulse from Johnny Rice

April 18, 2024 | 6:29 pm

BTCUSD

The article discusses the upcoming Bitcoin halving, highlighting analysis from 10x Research which suggests a nuanced impact on Bitcoin's price rather than an immediate surge. It mentions potential short-term volatility due to factors like miner inventory liquidation and macroeconomic headwinds, but also points to long-term potential. The importance of a long-term perspective and other market dynamics in determining Bitcoin's price trajectory post-halving is emphasized.

Portfolio Pulse from Murtuza Merchant

April 18, 2024 | 6:19 pm

BTCUSD

Anthony Scaramucci of SkyBridge Capital predicts Bitcoin (BTC) could reach $200,000 per coin post-halving, citing historical rallies and increased adoption. He suggests a minimal downside risk of 10-15% due to geopolitical uncertainties but sees significant upside potential, especially with the recent approval of Bitcoin ETFs and new market entrants. Scaramucci believes Bitcoin could eventually surpass the market cap of gold, emphasizing its potential for long-term holders.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 6:17 pm

DOGE

SHIB

The article discusses the evolution of meme coins since the last Bitcoin halving, highlighting the significant growth in market capitalization to $49.3 billion. Dogecoin and Shiba Inu remain the top players, with new entrants like Dogwifhat and Pepe gaining traction. The piece also mentions token burning strategies by Shiba Inu, Floki, and Bonk to reduce supply and potentially increase prices. The meme coin market's profitability and concerns over utility and scams are addressed, with anticipation of a Bitcoin bull run potentially benefiting altcoins.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 6:17 pm

AMZN

DIS

NFLX

WBD

Benzinga's poll revealed Netflix as the top streaming platform choice among its readers, with 61% preferring it over Disney+, Amazon Prime Video, and Max. This comes as consumers face decisions on streaming subscriptions amid rising costs. Netflix's aggressive content strategy and Amazon Prime Video's extensive library, including sports rights, position them strongly in the competitive streaming market. Disney+ and Max, despite their unique content offerings, ranked lower. The poll's timing aligns with Netflix's upcoming Q1 earnings, where a potential price hike for ad-free plans is a key focus.

Portfolio Pulse from Chris Katje

April 18, 2024 | 6:00 pm