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CRM

LLY

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NVO

TGT

WMT

Jim Cramer, a CNBC market analyst, highlighted the significance of the upcoming week with key CPI data and earnings reports from major retailers like Target, Home Depot, Walmart, and Macy's. He linked the stock market's recent positive trend to stable interest rates and suggested that positive business reports could boost stock values. Cramer also pointed to the American Heart Association event, which could influence pharmaceutical stocks like Novo Nordisk and Eli Lilly. Additionally, he mentioned the potential impact of Monday.Com Ltd.'s report on larger tech companies such as Salesforce, ServiceNow, and Accenture.

Portfolio Pulse from Nabaparna Bhattacharya

November 11, 2023 | 7:18 pm

FSR

GOEV

KARS

LCID

MBGAF

TSLA

Electric vehicle stocks experienced a downturn in the week ending Nov. 11, with Lucid Group reporting a disappointing quarter and lowering its 2023 production outlook. Tesla faced unionization support from President Biden and labor issues in Sweden, while also adjusting prices in China. Fisker is seeking manufacturing partners, and Canoo unveiled a new electric truck. Mercedes-Benz is expanding its charging network in the U.S. The KraneShares Electric Vehicles ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

November 11, 2023 | 3:28 pm

BLK

Hong Kong is considering the introduction of cryptocurrency ETFs as part of its initiative to become a central hub for digital assets in Asia-Pacific. This move, discussed in the context of the upcoming Benzinga's Future of Digital Assets conference, is seen as a way to mainstream digital currencies. BlackRock Inc. (NYSE:BLK) is mentioned in relation to the potential approval of the first U.S. spot ETFs for Bitcoin, which has doubled in value this year.

Portfolio Pulse from Murtuza Merchant

November 11, 2023 | 2:24 pm

BLK

BTCUSD

Cryptocurrency analyst Michaël van de Poppe predicts a potential Bitcoin bull run, with a price target of $50,000 to $55,000, nearly 50% above the current level of $37,000. This outlook is based on the expected approval of BlackRock Inc.'s spot Bitcoin ETF and the Bitcoin halving event in 2024. Van de Poppe's analysis suggests that Bitcoin is entering the first year of a two-year bull cycle after a year-long bear market and accumulation phase.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 2:01 pm

GOOGL

MSFT

TSLA

Elon Musk, CEO of Tesla, expressed a desire to rekindle his friendship with Google co-founder Larry Page on the Lex Fridman podcast. The two had a falling out over differing views on the future of AI, particularly regarding OpenAI, co-founded by Musk and backed by Microsoft. Musk has since started a new AI venture, xAI, and introduced a chatbot named Grok. The podcast also covered topics like the Israel-Hamas conflict and the 2024 presidential elections.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 1:57 pm

BTCUSD

ETHUSD

Finder's Ethereum Predictions Report forecasts ETH to reach $1,800 by end of 2023, $5,800 by 2025, and $14,411 by 2030. The panel is divided on ETH's future, with 48% holding, 41% buying, and 10% selling. Skepticism exists due to Ethereum's shift to proof of stake. BlackRock Inc.'s filing for a spot Ether ETF has recently brought attention to ETH, which traded at $2,058.72, while Bitcoin was at $37,139.40.

Portfolio Pulse from Ananya Gairola

November 11, 2023 | 1:51 pm

META

Meta Platforms Inc. (NASDAQ:META) has introduced a paid, ad-free version of Facebook and Instagram in Europe due to new privacy regulations. The subscription is priced at around $20 per month, with an additional fee for extra linked profiles starting March 1. This move is in response to changing laws and offers users a choice between an ad-free experience or the standard free version with personalized ads. The ad-free service is for users 18 and older, and there are no plans to integrate ads into WhatsApp, another Meta-owned platform.

Portfolio Pulse from Benzinga Neuro

November 11, 2023 | 9:18 am

AAPL

Apple Inc. (AAPL) is reportedly preparing for app sideloading on iPhones with its latest iOS 17.2 update, potentially in compliance with the EU's Digital Markets Act. The update includes a new 'Managed App Distribution' framework that could allow third-party app stores, although it may be region-locked to where legally required. This move could impact Apple's App Store business model.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 5:59 am

BLK

BTCUSD

Peter Schiff, a well-known economist and cryptocurrency critic, has predicted that Bitcoin will crash before the launch of BlackRock Inc.'s anticipated spot Bitcoin ETF. Schiff's prediction is based on a poll he conducted, which received over 24,000 responses, with the majority supporting 'Buy & HODL till the moon.' Despite Bitcoin's recent 37% surge in price, Schiff believes the demand for the ETF has been overestimated and that Bitcoin owners are waiting to sell, not buy. He warns that the market may face a crash as speculators may start selling off before the ETF's potential SEC approval by Nov. 17.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 5:20 am

AMZN

NKE

Nike Inc. (NYSE:NKE) has hired Muge Erdirik Dogan, an Amazon.com Inc. (NASDAQ:AMZN) veteran, as its new Chief Technology Officer (CTO). Dogan, who previously served as President of Amazon Fashion, brings 16 years of experience at Amazon to Nike, aligning with the company's strategy to enhance direct online sales and digital technology in retail. Nike's CEO, John Donahoe, expressed confidence in Dogan's ability to drive growth and innovation while maintaining focus on athletes and consumers. The news comes as Amazon announces the closure of its Amazon Style stores and Nike faces legal challenges with competitors over patent infringements.

Portfolio Pulse from Ananya Gairola

November 11, 2023 | 3:06 am