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IBIT

Bitcoin ETFs made a historic debut with over $4 billion in inflows on their first trading day. Blackrock's iShares Bitcoin Trust ETF (IBIT) led with $1 billion, while Grayscale's Bitcoin Trust (GBTC) topped with $2 billion after converting to a spot Bitcoin ETF. Fidelity's Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) also saw significant inflows. Other funds like Valkyrie, WisdomTree, and Hashdex had inflows below $10 million. Bitcoin was trading at $46,279 with a market cap of $900 billion.

Portfolio Pulse from Piero Cingari

January 11, 2024 | 11:12 pm

BONK

DOGE

SHIB

SOL

WIF

Dogwifhat (CRYPTO: WIF) experienced a 124.5% surge following its listing on ByBit, with trading volume increasing by 445%. The meme coin's market cap nearly quadrupled, positioning it as the fifth-largest meme coin. Analysts suggest Binance and Coinbase could list WIF next. Dogwifhat outperformed other meme coins like Bonk and established tokens such as Dogecoin and Shiba Inu. Daily unique holders of WIF have surpassed 30,000, with whale activity contributing to its initial price movement. An $8.8 million purchase of WIF, now worth $3.1 million, is speculated to be a publicity stunt.

Portfolio Pulse from Khyathi Dalal

January 11, 2024 | 10:53 pm

SVFD

Save Foods, Inc. has filed a prospectus related to the potential resale of up to 6.7 million shares of its common stock from time to time. The filing was made through an S-1 form with the relevant regulatory authorities.

Portfolio Pulse from Charles Gross

January 11, 2024 | 10:31 pm

CHH

Wyndham has received a Second Request from the FTC under the HSR Act regarding Choice's unsolicited hostile offer. Wyndham's Chairman, Stephen P. Holmes, stated that the FTC's decision was expected and reiterated that the offer undervalues Wyndham and poses significant risk to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 10:11 pm

CPA

Copa Holdings reported a 10.6% increase in December system-wide passenger traffic and a 9.3% rise in capacity. The load factor also improved by 1.0% year-over-year to 85.1%.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 10:06 pm

ZIM

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares increased by over 8.5% on Thursday, continuing an uptrend despite earlier losses in the week. The volatility in ZIM's stock is partly due to Houthi attacks in the Red Sea affecting shipping stocks and rising container prices. ZIM's shares have surged over 93% from recent lows, reaching a peak not seen since last summer. The company also announced a partnership with Hoopo Systems Ltd. for advanced tracking devices in its dry-van containers. Price targets for ZIM have varied from $5 to $10.50 in recent weeks.

Portfolio Pulse from Ryan Gustafson

January 11, 2024 | 10:03 pm

TSRI

TSR, Inc. (NASDAQ:TSRI) reported a decrease in earnings and sales for Q2, with EPS dropping to $0.20 from $0.30 YoY and sales falling to $21.66M from $26.03M YoY, representing a 33.33% and 16.80% decrease respectively.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 10:02 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is halting most production at its Giga Berlin factory for two weeks due to disruptions in the Red Sea affecting shipping routes. The conflict in the Red Sea, which accounts for 12% of global maritime traffic, has led to attacks on shipping vessels, causing companies like Tesla to experience longer transportation times and supply chain issues. Major shipping companies are altering their routes to avoid the region, leading to increased costs and delays.

Portfolio Pulse from Chris Katje

January 11, 2024 | 9:57 pm

CMC

CMP

Stifel analyst Vincent Anderson maintained a Buy rating on Compass Minerals Intl. (CMP) but lowered the price target from $75 to $60. Commercial Metals Company (CMC) increased its share buyback program by $500 million to a total of $850 million. Hecla Mining Company (HL) reported preliminary silver and gold production for 2023, with silver production slightly up despite challenges and gold production down 14%. Hecla expects to reach full production at the Lucky Friday mine in Q1 2024 and aims for 20 million ounces of silver production by 2025.

Portfolio Pulse from Austin DeNoce

January 11, 2024 | 9:53 pm

TUP

Tupperware Brands has been notified by the NYSE of non-compliance due to not holding its Fiscal Year 2022 Annual Meeting. The company is taking steps to regain compliance with NYSE regulations.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:36 pm