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CMCSA

NTDOY

March 10 is celebrated as Mario Day, honoring the iconic video game character from the Nintendo franchise. Nintendo Co (OTC:NTDOY) began celebrating this day in 2016, offering discounts on Mario and Nintendo games and items. The Super Mario Bros movie, featuring characters from the franchise, grossed $1.36 billion globally, becoming the second-highest grossing film of the year. Comcast Corporation (NASDAQ:CMCSA) collaborated with Nintendo for the movie's release and the expansion of Universal Studios theme parks. Nintendo's acquisition of Dynamo Pictures, now Nintendo Pictures, hints at future film projects involving its iconic characters.

Portfolio Pulse from Chris Katje

March 10, 2024 | 1:22 pm

ADP

EQT

TSM

President Joe Biden proposed a tax overhaul targeting billionaires like Elon Musk and Jeff Bezos in his State of the Union address, aiming to invest in various sectors. Fed Chair Jerome Powell provided an optimistic outlook on the U.S. economy, anticipating strong growth and a robust labor market. Asia's emerging markets, led by TSMC and Samsung, are recovering, driven by tech stocks. Natural gas prices surged as EQT Corporation, the largest U.S. producer, cut output. Employment growth in February, as reported by ADP, missed forecasts, indicating a slowdown in the labor market.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:55 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

This week, the cryptocurrency market experienced significant volatility with Bitcoin, Ethereum, Dogecoin, and Shiba Inu at the center of attention. Bitcoin reached a record high before correcting by 7%, causing market-wide volatility. Dogecoin's market cap doubled, and its future looks bullish according to analyst Kaleo. Shiba Inu's lead developer hinted at a decentralized future, drawing parallels with the dot com era. Jim Cramer commented on the factors driving Bitcoin's rally, including spot Bitcoin ETFs and the halving event.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:48 am

GOOG

GOOGL

MSFT

This week in AI featured Sergey Brin's admission of flaws in Alphabet's Gemini image generator, Cathie Wood's warning of a chip stock correction, and Microsoft's AI tool controversy. Brin acknowledged inadequate testing of Gemini, while Wood predicted a semiconductor market correction due to supply chain improvements. Microsoft faced issues with its AI image generator producing inappropriate content. Additionally, Elon Musk humorously commented on AI chatbot ChatGPT amid Bitcoin's volatile week.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:39 am

AAPL

SPOT

Apple Inc. faced a busy week with a $14M 'Batterygate' settlement in Canada, the upcoming iPhone SE 4 launch, the iOS 17.4 update, a $1.95B EU fine in a Spotify antitrust case, and concerns over its China prospects after a 24% plunge in iPhone sales. Jim Cramer expressed concerns over Apple's future in China.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:36 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares fell 5.55% on Friday, ending a six-session winning streak. Portfolio manager Jeff Kilburg warned of potential further downside, noting a significant market cap loss and a technical gap down to $625. Despite this, most tech analysts remain bullish on Nvidia, especially due to its dominant position in the AI market.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 6:15 pm

KARS

LCID

NIO

RIVN

TSLA

Tesla faced potential Q1 delivery misses and a production halt at its Berlin factory due to suspected arson, impacting its stock. Rivian saw a surge in pre-orders for its new R2 model. Nio is launching a Model Y rival with lower costs. Ford struggles with EV transition, focusing on hybrids. Lucid's price target was halved by RBC. The KraneShares Electric Vehicles ETF fell 3.68% for the week.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 2:16 pm

DOGEUSD

FLOKIUSD

SHIBUSD

Floki (CRYPTO: FLOKI) has surged nearly 70% in 24 hours, outpacing Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). This surge is attributed to anticipation of a major advertising campaign in Times Square. Floki's market cap has risen, positioning it in the 50th spot, with potential to enter the top 40. The campaign will run for three months starting March 15. Additionally, Floki's community approved burning 2% of its total tokens, further boosting its value.

Portfolio Pulse from Bibhu Pattnaik

March 09, 2024 | 1:57 pm

JPM

JPMorgan Chase & Co. explored a scenario where Bitcoin could reach market capitalization parity with gold, suggesting a potential rise to $3.3 trillion, more than doubling its price. However, due to Bitcoin's high volatility, a more realistic market cap is projected at $0.9 trillion, indicating a price of $45,000 per unit, below its current price of $67,400. The report also forecasts the Bitcoin ETF market could reach $62 billion, with current inflows at $9 billion, suggesting a shift towards ETFs.

Portfolio Pulse from Murtuza Merchant

March 09, 2024 | 1:32 pm

MSFT

Worldcoin, a blockchain-based identity verification service, has temporarily halted its World ID verification services in Spain due to legal challenges from the Spanish Data Protection Authority (AEPD). The AEPD's actions, which Worldcoin claims bypass standard GDPR procedures, have led to a lawsuit by Tools for Humanity, a project contributor. Despite these challenges, the World app remains operational in Spain. Worldcoin, backed by Microsoft Corp. (NASDAQ:MSFT) and OpenAI, utilizes eye-scanning technology for identity verification.

Portfolio Pulse from Rounak Jain

March 09, 2024 | 9:05 am