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RLB

Crypto analyst Altcoin Sherpa has expressed optimism about the Rollbit token (CRYPTO: RLB) in the forthcoming bull market, but voiced concerns about its possible decline to $0.07 or lower in the near term. He also highlighted potential regulatory challenges that could impact the token's performance. Regarding Bitcoin (CRYPTO: BTC), Sherpa described the current market as 'slow and choppy', casting doubt on his earlier prediction of Bitcoin reaching $28,000 in the short term.

Portfolio Pulse from Murtuza Merchant

September 28, 2023 | 8:17 pm

QNCX

Quince Therapeutics announced that the FDA has lifted the partial clinical hold on the Investigational New Drug (IND) application for EryDel's lead Phase 3 asset EryDex.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:07 pm

SPY

USO

The U.S. government's 5-year oil lease plan will include the lowest lease sales in history, according to Reuters. This could potentially impact the oil market and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:58 pm

SPY

USO

The Biden Administration is set to release a 5-year offshore oil plan on Friday, which does not include any sales for 2024, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:57 pm

BITF

Shares of Bitfarms Ltd (NASDAQ:BITF) are trading higher by 7.2% amid a rise in Bitcoin. The increase may also be due to sympathy with crypto exchange Coinbase, which recently received regulatory approval to enable retail perpetual futures trading. Increased trading volumes and higher cryptocurrency prices can lead to increased mining revenue for companies like Bitfarms.

Portfolio Pulse from Henry Khederian

September 28, 2023 | 7:55 pm

ACB

AKAN

CGC

CRON

GRWG

IGC

IMCC

KERN

LFLY

SNDL

SPY

TLRY

A GOP senator has urged Senator Schumer to stop prioritizing a marijuana banking bill, while another senator is planning to inflate criminal justice amendment plans. This could potentially impact the operations of marijuana-related companies.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:54 pm

DISH

FXI

SPY

T

TMUS

VZ

The Federal Communications Commission (FCC) has proposed new net neutrality rules that could give the agency more authority to require entities to remove equipment from Huawei and ZTE. This could impact several US-listed companies and ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:51 pm

SPY

Richmond Fed President Barkin has stated that the last five months of inflation data have been encouraging, according to Bloomberg TV.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:45 pm

SPY

Richmond Fed President Barkin stated in an interview with Bloomberg TV that it's difficult to foresee inflation easing significantly while economic growth remains strong.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:43 pm

SPY

Richmond Fed President Barkin stated that it's too early to predict the next steps for monetary policy, emphasizing that the economy will guide the Federal Reserve's decisions. He also suggested that demand might soften.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:40 pm