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DIS

DKNG

The article covers various sports betting updates including the College Football Playoff selections, NFL standings and Super Bowl odds, a major MLB trade involving Juan Soto, Jon Rahm's move to LIV Golf, and the groups for Euro 2024 and Copa America. DraftKings Inc. provided early betting lines for college football and reported a significant win by an NBA bettor. The New York Yankees' World Series odds improved after acquiring Soto, and the Philadelphia Eagles are now underdogs against the Dallas Cowboys.

Portfolio Pulse from Chris Katje

December 09, 2023 | 3:16 pm

FSR

KARS

LCID

NIO

RIVN

TSLA

Tesla faced a labor union strike in Sweden, lost a court case against Sweden's postal service, and was excluded from PensionDanmark's investment list due to labor issues. Tesla's China sales dropped year-over-year but increased month-over-month. Lucid Group was removed from the Nasdaq 100 Index and announced changes to its Lucid Air lineup. Nio is considering spinning off its battery unit. Rivian laid off members of its battery-cell development team. Fisker's Ocean SUV was spotted in India, and the company addressed investor concerns over its stock price. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a slight increase on Friday but an overall weekly decline.

Portfolio Pulse from Shanthi Rexaline

December 09, 2023 | 1:58 pm

AAPL

GOOG

MSFT

SONY

The article discusses the historical significance of Microsoft's Windows 2.0, launched on Dec. 9, 1987, and its impact on Microsoft Corp.'s (NASDAQ:MSFT) stock value over the years. It highlights the growth of an initial $1,000 investment in Microsoft stock to $1,154,956 today, compared to much lower returns from the Nasdaq and S&P 500 indices. The article also touches on Microsoft's recent strategic moves, including a $13 billion investment in OpenAI and the $69 billion acquisition of Activision Blizzard, positioning the company in AI and gaming industries.

Portfolio Pulse from Rounak Jain

December 09, 2023 | 12:23 pm

ARKW

GBTC

Ark Invest, led by Cathie Wood, continued to sell shares of Grayscale Bitcoin Trust (GBTC) through its ARK Next Generation Internet ETF (ARKW), with the latest sale on Friday amounting to $3.65 million. This brings the week's total sales to $12.97 million. Despite the sell-off, GBTC remains the third-largest holding in ARKW's portfolio, comprising 8.36% of its assets. The sales coincide with a Bitcoin rally, which has seen the cryptocurrency's value increase by nearly 170% this year, fueled by investor optimism and hopes for an SEC-approved spot exchange-traded fund.

Portfolio Pulse from Shanthi Rexaline

December 09, 2023 | 6:04 am

DIS

META

Elon Musk questions Disney CEO Bob Iger's decision to continue advertising on Meta Platforms' Facebook and Instagram while boycotting X (formerly Twitter). Musk has criticized Iger multiple times, suggesting he should be fired for advertising next to content he deems inappropriate. Musk's frustration with boycotting advertisers is evident as he believes it could lead to a $75 million revenue loss for X, which is currently relying on smaller advertisers.

Portfolio Pulse from Rounak Jain

December 09, 2023 | 5:16 am

EBAY

LCID

QQQ

Lucid Group, eBay, Align Technology, Enphase Energy, JD.com, and Zoom Video Communications have been removed from the Nasdaq 100 Index. They will be replaced by CDW Corporation, Coca-Cola Europacific Partners, DoorDash, MongoDB, Roper Technologies, and Splunk Inc. The Nasdaq 100 Index includes 100 of the largest Nasdaq-listed non-financial companies, and membership can influence stock demand. Lucid and JD.com have faced production and regulatory challenges, respectively, while Zoom and eBay are dealing with competitive and macroeconomic pressures. The Invesco QQQ Trust, which tracks the Nasdaq 100, rose slightly on the announcement day.

Portfolio Pulse from Shanthi Rexaline

December 09, 2023 | 5:09 am

BTCUSD

Bitcoin has seen a significant rally, increasing by 165% year-to-date, fueled by expectations of a spot Bitcoin ETF approval and macroeconomic factors. Crypto analyst CrediBULL Crypto predicts Bitcoin will surpass $50,000 by next week. Another analyst, Skew, observed strong demand for Bitcoin despite a decrease in Open Interest. However, CryptoQuant's Julio Moreno warns that Bitcoin may be overheating. CryptoCon predicts a potential rise to $47,000-$48,000, followed by consolidation, and a cycle top in December 2025 at around $130,000, but also suggests a possible pullback to the $31,000-$32,000 range. Currently, Bitcoin is up 2.5% to $44,394.

Portfolio Pulse from Khyathi Dalal

December 08, 2023 | 10:39 pm

AYRWF

GLASF

PLNHF

TRSSF

Viridian Capital Advisors' report highlights attractive valuations for 'Tier 2' U.S. cannabis companies with market caps between $100 million and $500 million. Despite improvements in operational efficiency and a 5-week market rally, valuations remain below last year's levels. Planet 13 Holdings Inc. (PLNHF) recently completed a private equity placement, and companies like TerrAscend Corp (TRSSF), Glass House Brands Inc (GLASF), and Ayr Wellness Inc. (AYRWF) have seen a 4% year-to-date increase, indicating resilience in the sector.

Portfolio Pulse from Joana Scopel

December 08, 2023 | 10:36 pm

AAPL

AMD

CCL

DIS

GOOG

GOOGL

META

MSFT

NCLH

RCL

The U.S. stock market closed its sixth consecutive week of gains, with the S&P 500 reaching its highest level since January 2022. Market sentiment is influenced by anticipated Federal Reserve interest rate cuts in 2024, but strong labor market reports and consumer sentiment have slightly dampened the enthusiasm. The consumer discretionary sector outperformed, led by travel stocks, while the energy sector lagged due to declining oil prices. Alphabet's Google introduced Gemini, an AI challenger to OpenAI, while Apple plans a significant battery boost for the iPhone SE 4. The GTA 6 trailer set new records, and JPMorgan's CEO Jamie Dimon criticized Bitcoin and the crypto industry. AMD was chosen by Meta Platforms and Microsoft for AI chips, challenging Nvidia's dominance. Elon Musk criticized Disney's direction, and a survey pointed to public misunderstandings about the Biden administration's economic policies.

Portfolio Pulse from Piero Cingari

December 08, 2023 | 10:09 pm

AES

The AES Corporation (NYSE:AES) has announced a 4% increase in its quarterly common stock dividend, from $0.1659 to $0.1725 per share, starting in Q1 2024. The increased dividend is payable on February 15, 2024, to shareholders on record as of February 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 10:01 pm