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DOGEUSD

Dogecoin (DOGE) whale transactions are increasing, and the price action is improving. Analysts predict a potential 10x surge in DOGE's price, supported by technical indicators and Elon Musk's potential influence. Despite recent volatility, 70% of DOGE holders are in profit.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 2:59 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for August 9th, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish scenarios for each asset, emphasizing the importance of monitoring these levels for potential breakouts or reversals. The session is expected to have lower volatility due to a lack of significant U.S. economic data releases, but traders should be cautious of potential volatility spikes from large orders and expiring options.

Portfolio Pulse from RIPS

August 09, 2024 | 2:50 pm

PODD

Insulet Corporation (NASDAQ:PODD) reported a mixed Q2 with an EPS miss but a revenue beat. The company raised its full-year guidance and expects strong growth driven by Omnipod sales. William Blair maintains an Outperform rating, anticipating catalysts to boost revenue in 2025. PODD stock is down 7.35%.

Portfolio Pulse from Vandana Singh

August 09, 2024 | 2:48 pm

NKLA

Nikola Corp (NASDAQ:NKLA) reported strong fiscal Q2 2024 results, doubling truck deliveries and beating analyst estimates on sales and EPS. The company produced 77 trucks and shipped 73, maintaining a dominant market share in California's HVIP vouchers. Despite a gross loss of $54.7 million, adjusted EBITDA loss improved. NKLA stock surged 14.70% following the news.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 2:44 pm

BTCUSD

Renowned financial analyst Lyn Alden discussed Bitcoin's role in the current economic landscape, emphasizing its 24/7 liquidity and its performance during different types of financial crises. Alden suggested that Bitcoin should be viewed as a long-term investment rather than a short-term hedge, highlighting its potential benefits during pro-liquidity crises. She also noted the increasing institutional adoption of Bitcoin and its correlation with traditional markets.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 2:42 pm

CHK

EQT

UNG

U.S. natural gas prices are set to extend their gains for a fourth session due to lower-than-expected inventory builds and persistent heat. The United States Natural Gas Fund LP (NYSE:UNG) is tracking these gains. Major producers like EQT Corp. (NASDAQ:EQT) and Chesapeake Energy Corp. (NASDAQ:CHK) are planning to reduce output in response to low prices, which could help balance the market. Weather forecasts remain favorable for natural gas prices in the near term.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 2:41 pm

KARS

KGRN

NIO

NIO Inc. (NYSE:NIO) shares are trading nearly flat today, having lost over 71% in the past year. NIO's charging network has been integrated with Hellobike's services, offering discounts to users. NIO is also constructing two new vehicle assembly plants. Investors can gain exposure to NIO via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS).

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 2:30 pm

ELF

SPY

The market summary highlights a significant political event with Harris and Trump agreeing to a September debate, a natural disaster with Tropical Storm Debby moving through the East Coast potentially bringing tornadoes, and a notable market movement with elf Beauty's stock falling on earnings.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 2:11 pm

AMZN

MAGS

MSFT

NVDA

QQQ

SPY

A recent Benzinga poll asked readers which of the Magnificent 7 stocks they believe will best weather a recession. Amazon and Nvidia tied for the top spot, followed by Microsoft. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) experienced significant drops due to economic uncertainties. Despite recent market recovery, investors remain cautious about a potential recession.

Portfolio Pulse from Chris Katje

August 09, 2024 | 2:03 pm

ARM

Deep-pocketed investors are showing significant interest in ARM Holdings (NASDAQ:ARM) with a surge in options activity. The sentiment is mixed, with 41% bullish and 41% bearish. The stock is currently trading at $118.56, and analysts have given it an average target price of $155.6. Notable options activities include both puts and calls, indicating a price range of $105.0 to $270.0.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 1:46 pm