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WKEY

WISeKey International Holding Ltd (NASDAQ:WKEY) announced its subsidiary, WISe.Art, has signed an agreement with GMA to digitalize over $500M worth of Italian Renaissance Art. The project will digitize masterpieces by renowned artists, using advanced technology to create Artistic Security Tokens, distinct from Bitcoins and NFTs, and will operate within a regulated framework. The Renaissance Coin will be launched, connecting physical art to digital counterparts. WISeKey's experience in security and object authentication will ensure the authenticity of artworks and their digital twins. The WISe.ART platform will use blockchain technology, including NFTs on the Hedera blockchain, and will launch the TrustECoin token in May for compliant NFT trading. WISeKey's strategic partnerships, including with Hedera and GMA, position it uniquely in the market.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:12 pm

ADTX

Aditxt and The Board of Trustees of the Leland Stanford Junior University have filed a U.S. patent application (#20240016905) for methods of treating hyperglycemia and suppressing the onset of Type 1 diabetes. The patent application suggests potential advancements in diabetes treatment, which could have implications for Aditxt's research and product development in the medical field.

Portfolio Pulse from Charles Gross

January 18, 2024 | 4:03 pm

HOTH

Hoth Therapeutics' stock is trading higher following the announcement of FDA approval to expand its HT-001 clinical trial.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:01 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) stock surged after announcing a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park for its vertical farming units and PX30 Hydrocarbon Extraction Lab. The California-based cannabis operator is expected to start operations with 120 VFUs in 2024. The news has resulted in a significant increase in trading volume for Agrify, with over 48 million shares traded compared to a 100-day average of 20,445 shares. The stock price has jumped 63% to $1.92.

Portfolio Pulse from Erica Kollmann

January 18, 2024 | 3:57 pm

KHC

Kraft Heinz Co (NASDAQ:KHC), a top holding of Warren Buffett's Berkshire Hathaway, recently exhibited a bullish Golden Cross signal on its stock chart. The company's fundamentals are improving with strategic reinvestments in marketing and product innovation, contributing to bottom-line growth. Despite past performance issues, Kraft Heinz has outperformed the S&P 500 since October with a 16.5% total return. The stock offers a solid dividend yield and is engaged in a $3 billion share repurchase program, indicating a potential value stock for long-term returns.

Portfolio Pulse from Surbhi Jain

January 18, 2024 | 3:43 pm

SOL-USD

Myro, a Solana-based memecoin, saw a 48% increase in price and a 105% increase in trading volume after being listed on ByBit's spot exchange. The listing and subsequent price surge mirror the pattern of another memecoin, dogwifhat. Myro also announced a staking feature in December 2023. The coin's market cap has increased tenfold in 30 days, outperforming other memecoins. Influencer Ben Armstrong suggested Myro could surpass BONK and reach the top 100 coins. Traders are cautioned about the risks of memecoins.

Portfolio Pulse from Khyathi Dalal

January 18, 2024 | 3:20 pm

TRAD

TradeStation Crypto, a subsidiary of TradeStation Group, has announced it will cease spot cryptocurrency trading. The company will stop accepting new account applications and customer deposits for its crypto division immediately. All trading and withdrawals will be suspended on Feb. 22, 2024. This decision does not affect TradeStation Securities, which will continue to support trading in crypto-related instruments on regulated exchanges. TradeStation recently added Aave, Compound, Chainlink, Polygon, Maker, and Shiba Inu to its trading offerings.

Portfolio Pulse from Murtuza Merchant

January 18, 2024 | 3:11 pm

AAPL

GS

Mark Gurman humorously speculated on the financial impact for Goldman Sachs if 300,000 Apple Card users finance the purchase of Apple's new Vision Pro headset through installments, amounting to a $1 billion loan. The speculation follows Apple's announcement of the Vision Pro launch on Feb. 2, with pre-orders starting Jan. 19 at $3,499. The potential for a significant loan volume exists, but the future of the Apple-Goldman Sachs partnership, which is set to dissolve in 12-15 months, adds uncertainty to the financing dynamics for the product.

Portfolio Pulse from Ananya Gairola

January 18, 2024 | 3:10 pm

FAST

MDC

NVCR

TSM

Fastenal Company (NASDAQ:FAST) reported Q1 earnings of $0.46 per share, surpassing estimates by $0.01, and sales of $1.76 billion, slightly above the $1.75 billion forecast, causing its shares to rise by 7%. Other stocks also moved higher: M.D.C. Holdings (NYSE:MDC) after acquisition news; NovoCure (NASDAQ:NVCR) on FDA acceptance of a therapy application; Taiwan Semiconductor (NYSE:TSM) after strong Q4 results; and others on various positive updates.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 3:10 pm

NIO

NIO Inc (NYSE:NIO) stock is trading higher after hitting 52-week lows, following a meeting among major automakers in China discussing the development of the automotive industry. The meeting focused on promoting new energy vehicles (NEVs), boosting NEV adoption, and global expansion. This positive sentiment comes despite recent pressure on NIO's stock due to missed GDP and retail sales estimates in China and price cuts from competitors like Tesla.

Portfolio Pulse from Adam Eckert

January 18, 2024 | 3:05 pm