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AVAXUSD

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VAN

The Bitcoin Fear and Greed Index has turned bullish, indicating a potential rally. Key events include the unlocking of $800M in PYTH supply and $340M in AVAX supply, NVIDIA's Q1 2024 earnings, and VanEck's ETF decision. Bitcoin's price is approaching critical resistance levels, and a strategic trade involving Bitcoin spot, calls, and puts is suggested.

Portfolio Pulse from Murtuza Merchant

May 20, 2024 | 4:01 pm

ACB

CGC

MSOS

TLRY

Cannabis stocks surged following the U.S. Department of Justice's proposal to reclassify cannabis from a Schedule I to a Schedule III drug. Canopy Growth (NASDAQ:CGC) led the surge, with Tilray Brands (NASDAQ:TLRY) and Aurora Cannabis (NASDAQ:ACB) also seeing gains. Cannabis ETFs like AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) and Amplify Alternative Harvest ETF (NYSE:MJ) experienced increased trading but later pulled back. Emily Paxhia of Poseidon Investment Management discussed the broader implications and challenges ahead.

Portfolio Pulse from Patricio Liddle

May 20, 2024 | 3:58 pm

SMR

NuScale Power shares are trading higher after a decline last week due to a short seller report. Additionally, uranium stocks are rising following news that the US will offer up to $3.4 billion for domestic uranium enrichment.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:42 pm

CCJ

DNN

LEU

Shares of uranium stocks are trading higher following news that the US will offer up to $3.4 billion for domestic uranium enrichment.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:36 pm

GDX

GLD

ORLA

The article discusses the potential impact of the Biden administration's policies on the U.S. dollar, including the seizure of Russian assets and the broader implications of de-dollarization. It highlights China's record sell-off of U.S. Treasury bonds and Vladimir Putin's comments on the inevitable shift away from dollar settlements. The article also touches on the potential for reindustrialization in the U.S. and suggests gold as a hedge against the dollar's decline, mentioning specific gold-related investments.

Portfolio Pulse from David Pinsen

May 20, 2024 | 3:23 pm

BLKB

The FTC has finalized an order against Blackbaud Inc. for security failures that led to a data breach, requiring the company to implement a comprehensive information security program and notify the FTC of future breaches.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:08 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are trading higher due to a retail-fueled rally in heavily-shorted stocks. The stock saw an 8000% increase last week but faces financial challenges, including a delisting notice from Nasdaq. The company will discuss its Q4 and full-year 2023 results on May 28.

Portfolio Pulse from Erica Kollmann

May 20, 2024 | 3:04 pm

SPY

Fed Vice Chair Jefferson expressed optimism about the resilience of the job market, which provides the Federal Reserve with the flexibility to continue focusing on lowering inflation while maintaining a strong economy.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:02 pm

LYV

The House has approved the TICKET Act, which mandates upfront disclosure of ticket prices and guarantees refunds for cancellations. This legislation, spurred by the Ticketmaster controversy during Taylor Swift's Eras Tour, now awaits Senate approval and the president's signature. The Act aims to eliminate hidden fees and deceptive ticketing practices, with significant implications for Live Nation Entertainment Inc (NYSE:LYV), Ticketmaster's parent company.

Portfolio Pulse from Franca Quarneti

May 20, 2024 | 3:01 pm

SPY

Fed Vice Chair Jefferson stated that it is appropriate to return to a more normal balance sheet, noting that banking system reserves are still abundant. He mentioned that no one knows the exact size the balance sheet will need to be, and a gradual approach will allow the Fed to shrink holdings with low risk of stress.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 2:59 pm