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PANW

STZ

Jim Cramer believes Palo Alto Networks (PANW) has been 'overly punished' this year, with its stock down about 2% YTD, despite the S&P 500's 10% gain. He attributes this to a shift in business strategy but sees it as a short-term setback for long-term gains. Meanwhile, Constellation Brands (STZ) received a buy-equivalent rating from Piper Sandler with a $300 price target, indicating bullish sentiment. Cramer is optimistic about both companies' futures.

Portfolio Pulse from Navdeep Yadav

March 23, 2024 | 11:00 am

BTCUSD

Cryptocurrency analyst Michaël van de Poppe suggests the recent 7% drop in Bitcoin (BTC) is part of a larger cycle, attributing it to the upcoming halving event. He believes this consolidation signals a 'peaking pre-halving' phase, similar to previous cycles, and anticipates a 'long, massive bull market' ahead for Bitcoin. Despite the correction, Van de Poppe remains bullish, viewing any dips as buying opportunities. The next Bitcoin halving, which reduces mining rewards, is expected next month.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 8:30 am

AAPL

Apple Inc. CEO Tim Cook's recent visit to China aimed to reassure the Chinese government of Apple's commitment amidst declining sales in the region. Gene Munster of Deepwater Asset Management highlighted the visit's significance, noting it was more crucial than the DOJ's antitrust lawsuit against Apple. Munster pointed out a 13% drop in China revenue in December and a 24% decrease in iPhone sales in the first half of the March quarter. He speculated the visit aimed to prevent potential fallout from a TikTok ban or forced sale, rather than being a mere PR stunt to boost sales. Munster predicts a decrease in China's share of Apple's sales from 17% in 2023 to 15%, with India and the West compensating for the decline.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 6:38 am

DWAC

Former President Donald Trump is set to gain $3 billion from the merger of Truth Social with Digital World Acquisition Corp. (NASDAQ:DWAC), making DWAC a 'meme stock on steroids,' according to CNBC's Herb Greenberg. The merger, approved by DWAC's majority shareholders, grants Trump a 58% stake in the new entity. Greenberg criticizes the stock's meme status and political undertones, suggesting only meme stock enthusiasts are investing. Additionally, DWAC's connection to China-based ARC Group, holding a 7.8% stake, is highlighted amidst regulatory challenges and Trump's legal financial needs.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 4:00 am

BOME

SHIB

Book Of Meme (BOME) has seen a 6.4% price increase and a 13.4% rise in trading volume to $1.5 billion in the past 24 hours, surpassing Shiba Inu's (SHIB) volume. Binance will list BOME on its spot and futures market with a seed tag due to potential volatility and introduce a USDT-margined BOME Perpetual Contract with up to 50x leverage. BOME's derivatives data shows a 30% volume surge and $143.4 million in open interest, indicating bullish momentum. Technical analyst Kyledoops suggests BOME has established solid support, hinting at potential gains.

Portfolio Pulse from Khyathi Dalal

March 23, 2024 | 3:25 am

TSLA

Venture capitalist David Sacks defended Elon Musk against critics claiming he's not dedicating enough time to Tesla, attributing the company's challenges to cyclical issues rather than leadership. Despite Tesla's stock dropping 34% year to date and facing operational challenges, Goldman Sachs sees potential growth catalysts for Tesla, including new model production and technological updates. However, risks like price reductions, competition, and operational hurdles could impact its valuation.

Portfolio Pulse from Ananya Gairola

March 23, 2024 | 2:42 am

BTCUSD

Ark Invest CEO Cathie Wood predicts Bitcoin could reach $3.8 million by 2030, attributing the potential surge to increasing institutional adoption and the introduction of new ETF products. Wood's firm, along with others like BlackRock and Fidelity, received SEC approval for spot Bitcoin ETFs, driving demand for Bitcoin. The upcoming Bitcoin halving event is also expected to contribute to this demand-driven rally.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 2:18 am

INTZ

Trading for INTZ was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:50 pm

Chemours (NYSE:CC) has officially appointed Denise Dignam as its President and CEO, effective immediately. Dignam, who has been with Chemours since 2015 and served as Interim CEO since February 2024, brings over 35 years of experience in the chemical industry. She has significantly contributed to the company's Titanium Technologies and Advanced Performance Materials segments, which together account for over 68% of Chemours' net sales in 2023. Dignam's leadership has focused on operational savings, portfolio refocusing, and strategic partnerships to drive growth, especially in Clean Energy and Advanced Electronics. Her appointment is supported by the Board and she aims to continue enhancing Chemours' portfolio and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 9:36 pm

ADD

BJRI

BRLT

GENI

HOUR

JOAN

PLBY

RRGB

ZCMD

In Friday's after-market session, 12 consumer discretionary stocks showed significant movement. Visionary Holdings, Red Robin Gourmet Burgers, Genius Sports, Target Hospitality, BJ's Restaurants, and Smart Share Glb were among the gainers, with increases ranging from 4.54% to 10.1%. Conversely, Brilliant Earth Group, Color Star Tech, Hour Loop, JOANN, PLBY Group, and ZHONGCHAO were the losers, with declines between 4.34% and 6.1%.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 9:33 pm