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The launch of the first U.S. spot Bitcoin ETFs led to record trading volumes but was followed by a price pullback in Bitcoin and other cryptocurrencies. Bitcoin slid under $44,000, and analysts are divided on the market's future direction. Some, like Jim Cramer and Peter Schiff, predict a bearish trend, while others like Markus Levin and Bob Ras see the pullback as a temporary correction or buying opportunity. Ethereum has held steady, suggesting a possible investor shift from Bitcoin to altcoins. The impact of Bitcoin ETFs is still uncertain as they are in their early days.

Portfolio Pulse from Murtuza Merchant

January 12, 2024 | 7:26 pm

Boeing has expressed support for the FAA's announcement, emphasizing its commitment to actions that enhance quality and safety. The company is actively implementing measures across its production system to meet these objectives.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:17 pm

RIVN

TSLA

The U.S. electric vehicle market in 2023 saw a 46.3% increase in sales, with Tesla's Model Y leading as the global bestselling EV. Tesla (TSLA) held a 55% market share in the U.S. EV market, down from 65% in 2022, but still dominated with three models in the top 10. Ford (F) and General Motors' Chevrolet (GM) followed, with significant year-over-year sales increases. Rivian (RIVN) also saw a substantial increase in sales, with the R1S ranking seventh.

Portfolio Pulse from Chris Katje

January 12, 2024 | 7:06 pm

CCOEY

SONY

Sony Group Corp.'s PlayStation Plus January lineup includes Capcom ADR's 'Resident Evil 2 remake' and a variety of other titles. The offerings cater to different gaming preferences, featuring horror, open-world adventure, and JRPGs. The lineup also introduces new games to the Classics Catalog, providing a mix of nostalgia and new experiences for subscribers.

Portfolio Pulse from Franca Quarneti

January 12, 2024 | 6:44 pm

TSLA

An engineer's YouTube video has challenged Tesla Inc's (NASDAQ:TSLA) claim that the Cybertruck can outpace a Porsche 911 while towing one. The analysis revealed that the race at Tesla's unveiling event was an eighth-mile run, not the standard quarter-mile. The engineer's detailed examination suggests that a Porsche 911 would likely outperform the Cybertruck over a quarter-mile distance, even when the Cybertruck is not towing a load.

Portfolio Pulse from Benzinga EV Insights

January 12, 2024 | 6:38 pm

UBS

UBS is now allowing eligible wealth management clients to trade spot Bitcoin ETFs. However, individual investors have reported issues accessing these products on UBS's platform and other banks and brokerages. Some firms are still assessing the ETFs' suitability for their clients, while Vanguard has decided not to offer the funds.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 6:30 pm

DAL

FLXS

WIT

Wipro Limited (NYSE:WIT) shares surged over 16% after reporting Q3 results, guidance, and an interim dividend. Other stocks showed significant movement in Friday's mid-day session, with various gainers such as Charge Enterprises, Inc. (NASDAQ:CRGE) and losers like Genius Group Limited (NYSE:GNS). Notable movements included Flexsteel Industries, Inc. (NASDAQ:FLXS) rising after strong Q2 preliminary results and Delta Air Lines, Inc. (NYSE:DAL) falling post Q4 financial results and 2024 guidance.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 6:28 pm

MCD

SBUX

McDonald's Corp (MCD) stock experienced a Golden Cross on Jan. 11, indicating bullish sentiment. The stock is up 20% since Oct. 12, 2023, and 9% over the past year, currently trading around $292-$295. Analysts have set price targets ranging from $317 to $340, with a consensus at $305.37 and a Buy rating. McDonald's is expanding its strategy with the beverage-centric CosMc, aiming to compete with Starbucks (SBUX) and planning to reach 50,000 restaurants by 2027.

Portfolio Pulse from Surbhi Jain

January 12, 2024 | 6:20 pm

STLA

Stellantis N.V. (NYSE:STLA) is using airfreight to mitigate supply chain disruptions caused by incidents in the Red Sea affecting shipping routes. The company claims there has been almost no impact on manufacturing so far. Stellantis has also invested in Tiamat, a French company developing sodium-ion battery technology, which aligns with its Dare Forward 2030 strategic plan aiming for carbon net zero by 2038. STLA shares dropped by 1.93% to $22.32 recently.

Portfolio Pulse from Nabaparna Bhattacharya

January 12, 2024 | 6:17 pm

BIIB

DGX

ESALY

LLY

Blood tests for Alzheimer's diagnosis are gaining momentum, with Quest Diagnostics and LabCorp offering consumer-available tests. However, concerns about accuracy persist as none have FDA approval. The FDA is considering stricter regulations. Meanwhile, drugs like Biogen/Eisai's Leqembi and Eli Lilly's donanemab highlight the need for precise diagnosis. Medicare revised its policy on amyloid PET scans, and new NIH-funded research shows promise for early detection.

Portfolio Pulse from Vandana Singh

January 12, 2024 | 6:17 pm