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Bitcoin's recent downturn has put market sentiment on edge, but experts see potential opportunities. Factors like the Bank of Japan's rate hike and weak economic data contributed to the decline. Experts suggest monitoring economic data and global liquidity trends. The Federal Reserve's upcoming decisions, particularly a potential 50-basis point rate cut, are seen as crucial for market direction.

Portfolio Pulse from Khyathi Dalal

August 15, 2024 | 5:08 pm

ASTS

BABA

CSCO

DIA

IWM

MNDY

QQQ

SPY

TLT

ULTA

UUP

WMT

XLK

XLRE

Wall Street experienced a strong risk-on session driven by positive economic data, including robust retail sales and a decline in jobless claims. This led to a shift in expectations for Federal Reserve rate cuts, causing bond yields to rise and impacting various ETFs and stocks.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 5:04 pm

GOVX

MRNA

SIGA

Vaccine Group Gavi has announced that it has up to $500 million available for the response to Mpox. This funding could potentially impact companies involved in vaccine development and distribution.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:02 pm

ASH

Analysts have provided mixed ratings for Ashland (NYSE:ASH) over the past three months, with recent ratings showing a slight bullish trend. The average 12-month price target has decreased to $97.0 from $105.75. Analysts from UBS, BMO Capital, Wells Fargo, and JP Morgan have all lowered their price targets for Ashland. The company faces challenges in revenue growth, net margin, ROE, and ROA, but maintains a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 5:00 pm

MRNA

Analysts' ratings for Moderna (NASDAQ:MRNA) have shown a negative shift in sentiment over the past quarter, with a decrease in the average 12-month price target by 8.19%. Recent evaluations from 11 analysts reveal a mix of bullish, somewhat bullish, and indifferent ratings, with no bearish sentiments. Key analysts from firms like JP Morgan, Deutsche Bank, and Goldman Sachs have lowered their price targets, reflecting concerns over Moderna's financial performance, including a significant revenue decline and negative net margins.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 5:00 pm

ARAY

ASTS

GAMB

IWM

LLAP

PPTA

RILY

SIGA

SPIR

TITN

TLS

The Russell 2000 is experiencing its strongest session in a month, driven by positive economic data that has alleviated recession fears. The iShares Russell 2000 ETF (IWM) rose 2.8%, with retail sales and jobless claims exceeding expectations. Top performers in the Russell 2000 include AST SpaceMobile, Accuray, Gambling.com, Perpetua Resources, and Telos Corporation, while Terran Orbital, SIGA Technologies, Spire Global, B. Riley Financial, and Titan Machinery were the top losers.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 4:56 pm

DJT

Several large fund management companies, including BlackRock, Vanguard, State Street, and Charles Schwab, bought shares of Trump Media & Technology Group (NASDAQ: DJT) in Q2. Despite a 40% decline in the past month, the stock has risen over 43% in the past year. The stock's volatility is influenced by Trump's activities and the 2024 election race. Trump Media recently reported Q2 revenue of $840,000 and a net loss of $16.4 million.

Portfolio Pulse from Chris Katje

August 15, 2024 | 4:54 pm

BLMH

Blüm Holdings, Inc. (OTCQB:BLMH) reported a 111% increase in Q2 revenue following the sale of its Santa Ana dispensary. The sale significantly improved the company's balance sheet by reducing liabilities. Despite the revenue increase, the company reported a negative adjusted EBITDA.

Portfolio Pulse from Jelena Martinovic

August 15, 2024 | 4:48 pm

ABAT

BASFY

American Battery Technology (NASDAQ:ABAT) CEO Ryan Melsert discusses the company's milestones, market state, and its role in the green energy sector. The company focuses on battery recycling, metal manufacturing, and resource development, with significant growth and government support. ABAT has a partnership with BASF (OTC:BASFY) and is developing a lithium refinery. Melsert emphasizes the importance of federal support and strategic partnerships for future growth.

Portfolio Pulse from Stjepan Kalinic

August 15, 2024 | 4:45 pm

CDZI

Cadiz shares are trading higher after the company announced it secured water purchase agreements for 85% capacity of its Northern Pipeline.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 4:22 pm