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DOGEUSD

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) burn rate surged by 1600% due to two significant transactions removing 131 million SHIB from circulation. A SHIB whale also moved $46 million worth of SHIB to an unidentified wallet. Shibarium, SHIB's layer-2 solution, has been handling over five million transactions daily, with 7.53 million in the last 24 hours. Despite this, over 58% of SHIB holders are facing losses, with SHIB trading down 1.16% at $0.000010.

Portfolio Pulse from Mehab Qureshi

December 27, 2023 | 5:06 am

TSLA

Wedbush analyst Daniel Ives maintains an Outperform rating on Tesla, Inc. (NASDAQ:TSLA) with a $350 price target, citing strong data from China and global price stabilization. Ives is optimistic about Tesla surpassing its Q4 delivery target, with China registrations indicating a potential record in quarterly deliveries. He also commends Tesla's strategic price cuts and anticipates 25%-30% year-over-year unit growth. Ives sees the supercharger network and FSD software as significant value drivers for Tesla's future.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 5:04 am

NTES

TCEHY

Shares of Tencent Holdings Ltd (OTC:TCEHY) and NetEase Inc (NASDAQ:NTES) rebounded after China's National Press and Publication Administration (NPPA) signaled a softer regulatory stance on gaming. Tencent's shares rose by 3% and NetEase's by 14% after the NPPA announced the approval of 105 new domestic online games, including titles from both companies. This comes after a draft regulation aimed at curbing in-game spending caused a sharp decline in gaming stocks. The NPPA's recent actions suggest continued support for the industry despite regulatory concerns.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 4:50 am

AAPL

MASI

Apple Inc. (AAPL) is appealing a sales ban on its smartwatches imposed by the U.S. International Trade Commission due to a patent dispute with Masimo Corp. (MASI). The White House declined to intervene, and Apple has stopped selling its Series 9 and Ultra 2 watches in its online store and U.S. retail outlets. Apple has submitted an emergency motion for a temporary suspension of the ban and released a software update to address the patent issue. The U.S. customs agency will decide on the approval of these changes on Jan. 12. The ban could cost Apple $300-$400 million in holiday sales.

Portfolio Pulse from Ananya Gairola

December 27, 2023 | 4:35 am

MATICUSD

Polygon's native token, MATIC, has surged 12% in the last 24 hours, surpassing the $1 mark despite a 2% decline in Bitcoin and Ethereum. Whales have increased their MATIC holdings by over 25% in the past month. Mark Cuban transferred $2.827 million worth of MATIC to Coinbase, but his remaining MATIC holdings are minimal. Trading volumes for MATIC have increased by 180%, reaching $1.9 billion. Analyst Ali Martinez predicts a potential breakout for MATIC, with a target of $1.73 if it sustains a close above $0.96.

Portfolio Pulse from Mehab Qureshi

December 27, 2023 | 3:54 am

BTC-USD

DOGE-USD

ETH-USD

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced declines as the anticipated 'Santa rally' did not occur. Over $200 million in long positions were liquidated, affecting 106,755 traders. Despite the overall crypto market cap decreasing by 0.86%, some cryptocurrencies like Sei, Mina, and Astar saw significant gains. Analysts suggest Bitcoin is entering a consolidation phase with resistance at $47-50K and support at $36-39K. Some expect a minor dip before a potential upward trend. Meanwhile, traditional stock indices like the S&P 500, Nasdaq, and Dow Jones saw modest gains.

Portfolio Pulse from Mehab Qureshi

December 27, 2023 | 2:57 am

BYDDF

TSLA

XPEV

Tesla Inc (NASDAQ:TSLA) is planning a major overhaul of its Model Y, with production starting in mid-2024 at its Shanghai plant, to compete with rising rivals like BYD (OTC:BYDDF) (OTC:BYDDY) and Xpeng Inc. (NYSE:XPEV). The updated Model Y will feature significant changes and is crucial for Tesla's sales in China, where the Model Y accounts for 75% of its total sales. BYD, backed by Warren Buffett, may surpass Tesla in global electric car sales this quarter.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 2:46 am

QQQ

TLT

Vance Howard, CEO of Howard Capital Management, predicts that long-term bonds could outperform the S&P 500 in 2024. He cites the recent rally in the bond market and expects inflation to cool down with potential rate cuts by the Federal Reserve. Howard has invested in the iShares 20+ Year Treasury Bond ETF (TLT) and recommends the Invesco QQQ Trust (QQQ) for portfolio diversification. Bonds have seen their largest monthly gain in nearly 40 years, signaling a shift in Wall Street's expectations towards rate cuts.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 1:54 am

OUST

Ouster, Inc. (NYSE:OUST) shares have been trending higher since November, with significant gains following their Q3 earnings report, which surpassed top and bottom line estimates. The company provided Q4 revenue guidance between $23 million and $25 million, compared to the $25.63 million estimate. Recently, Ouster achieved ISO 27001 InfoSec certification, demonstrating a commitment to high standards of data security, which led to a stock increase of over 25% after the announcement. OUST shares closed up 13.5% at $8.20.

Portfolio Pulse from Ryan Gustafson

December 27, 2023 | 1:27 am

YCBD

cbdMD, Inc. (YCBD) reported a 27% year-over-year decrease in Q4 net sales to $5.7 million, with a net loss narrowing by 67% YoY. Fiscal 2023 total net sales were $24.2 million, down from $35.4 million. The company launched into 160 Sprouts Markets and introduced new brands hempMD and ATRx. YCBD shares traded 7.11% higher at $0.7333 in pre-market on Tuesday.

Portfolio Pulse from Jelena Martinovic

December 26, 2023 | 11:05 pm