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GME

The meme coin with the ticker $GME has seen a 330% increase in value over the past 24 hours, surpassing $40 million in market capitalization. This surge in the cryptocurrency has been accompanied by a significant rise in social media interest, particularly on the platform formerly known as Twitter, where the $GME ticker has been trending. The trading volume of the meme coin has exceeded that of GameStop's stock, with $22.3 million traded in the last day. Crypto researcher Jack Niewold speculates that the market cap of the meme coin could potentially surpass that of GameStop's stock.

Portfolio Pulse from Ivan Crnogatić

January 30, 2024 | 9:34 pm

NAVI

Navient, a major player in the student loan servicing sector, has announced plans to outsource its student loan servicing operations following a comprehensive review of its business. Additionally, the company is exploring strategic options for its Business Processing division, which could include a sale or other transaction. These strategic actions are aimed at optimizing Navient's business model and focusing on areas with the most potential for growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:32 pm

GOOG

Alphabet Inc (NASDAQ:GOOG) reported Q4 earnings with a revenue increase of 13% year-over-year to $86.31 billion, surpassing the consensus estimate of $85.33 billion. Adjusted earnings were $1.64 per share, beating estimates of $1.59 per share. Google Search, YouTube, and Google Cloud showed strong performance, benefiting from AI investments. Alphabet is optimizing its global office space and remains focused on cost re-engineering while investing in growth opportunities. Despite positive results, Alphabet's stock was down 4.21% after hours.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 9:22 pm

ETH

TAO

Bittensor (CRYPTO: TAO) reached a new all-time high of $470, influenced by Ethereum founder Vitalik Buterin's mention of its potential in AI incentives and Nous Research's announcement of a Cortex subnet on Bittensor. OSS Capital committed to a $25 million investment in the Bittensor ecosystem. TAO's price surged 23.5% in 24 hours, with a 73% increase week-over-week and a 378% year-over-year. Trading volumes rose by 351.5%. Grayscale noted adoption signs in AI-related cryptocurrencies, and technical analyst Parabolic Pump set a target of $10,000 per TAO, citing bullish signals.

Portfolio Pulse from Khyathi Dalal

January 30, 2024 | 9:21 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) reported Q2 revenue of $62 billion, up 18% YOY, beating estimates of $61.12 billion. Adjusted EPS was $2.93, surpassing the $2.76 consensus. The quarter featured the completion of Activision Blizzard's acquisition and significant growth in cloud revenue, with Microsoft Cloud earning $33.7 billion, a 24% increase YOY. CEO Satya Nadella emphasized the application of AI at scale. Segment revenues also saw increases, with Xbox content and services up 61% YOY, largely due to Activision. After-hours trading saw MSFT shares down 1%.

Portfolio Pulse from Chris Katje

January 30, 2024 | 9:18 pm

FLUT

PARA

PARAA

Super Bowl LVIII prop bets include options on Taylor Swift and Travis Kelce's relationship, with FanDuel offering odds on a potential proposal and MVP speech mentions. FanDuel, part of Flutter Entertainment (FLUT), limits these bets to Canadian regions. The event's viewership could be boosted by Swift's expected attendance, benefiting Paramount Global (PARA, PARAA), which will air the game on CBS, Nickelodeon, and stream on Paramount+.

Portfolio Pulse from Chris Katje

January 30, 2024 | 9:01 pm

TSLA

Elon Musk's Neuralink has successfully performed its first human implant procedure, with the patient recovering well. The FDA approved Neuralink's first in-human clinical study in May 2023. The device, named 'Telepathy,' is designed to help paralysis patients control devices through thought. Jim Cramer praised the achievement on CNBC, contrasting it with his recent skepticism towards Tesla (NASDAQ:TSLA), and suggested that Musk could be recognized as one of the greatest minds ever for this advancement.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 8:37 pm

VRTX

Vertex Pharmaceuticals (VRTX) reported results from its Phase 3 program of VX-548 for moderate-to-severe acute pain. Despite an initial drop, VRTX shares have rebounded following the announcement.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:17 pm

AMGN

Benzinga's options scanner revealed significant bullish options activity for Amgen (NASDAQ:AMGN), with 71% of the heavyweight investors' sentiment leaning bullish. The options activity suggests a price target range between $250 and $360. Amgen is a biotech leader with a diverse portfolio, including recent acquisitions like Horizon. The stock is slightly down with a potential overbought RSI, and earnings are expected in 7 days. One analyst from UBS maintains a Neutral rating with a target price of $314.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:00 pm

ZFOX

ZeroFOX, a cybersecurity company, has been granted U.S. Patent# 11888873 for a method of attack surface identification. This patent covers a system that identifies potential security threats by analyzing data from various sources. The technology aims to enhance cybersecurity measures by proactively detecting vulnerabilities.

Portfolio Pulse from Charles Gross

January 30, 2024 | 7:43 pm