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ILAG

Intelligent Living (NASDAQ:ILAG) reported a significant decline in financial performance for the first half of the year, with EPS dropping from $(0.02) to $(0.16) and sales falling from $7.34M to $1.94M compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:26 am

MSTR

MicroStrategy Inc, under CEO Michael Saylor, added 16,130 BTC to its holdings in November, bringing its total to 174,530 BTC. Galaxy Digital CEO Mike Novogratz praised Saylor, noting MicroStrategy's stock outperformed BTC despite selling $600 million of stock to buy Bitcoin. Novogratz sees this as a sign of strong institutional demand for a potential Bitcoin ETF. MicroStrategy's aggressive Bitcoin investment strategy and the anticipation of a Bitcoin ETF are highlighted as significant market developments.

Portfolio Pulse from Mehab Qureshi

December 01, 2023 | 6:50 am

TSLA

Tesla Inc (NASDAQ:TSLA) has started delivering the Cybertruck, with reservations exceeding a million. To appease waiting customers, Tesla emailed Cybertruck reservation holders offering a $1,000 discount on other Tesla models. This move has led to customer frustration and speculation that Tesla may be trying to boost sales of other models due to longer Cybertruck wait times. Tesla also released a 1:18 scale diecast Cybertruck model for $225. Elon Musk has indicated that reaching the target of 250,000 Cybertruck deliveries annually may take until 2025.

Portfolio Pulse from Anan Ashraf

December 01, 2023 | 6:23 am

ETH-USD

Following the death of Henry Kissinger, at least 9 tokens named after him have emerged in the crypto space, with one experiencing a 5,700% surge on Uniswap. These tokens, found on Ethereum, Solana, and BNB Chain, are prone to rapid price inflation and 'rug-pulls', posing high risks to investors. The ease of creating cryptocurrencies contributes to such volatile market entries.

Portfolio Pulse from Mehab Qureshi

December 01, 2023 | 4:28 am

ARKW

COIN

PSTG

SHOP

TDOC

TXG

Ark Invest, led by Cathie Wood, sold 37,377 shares of Coinbase Global Inc (COIN) through the ARK Next Generation Internet ETF (ARKW). The firm also adjusted its portfolio by adding shares of Robinhood, 10X Genomics Inc (TXG), Teladoc Inc (TDOC), and Pure Storage Inc (PSTG), while selling shares of Shopify Inc (SHOP). These trades reflect Ark's strategic shifts in response to market trends and anticipation of a Bitcoin spot ETF approval.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 3:56 am

BRK.A

BRK.B

Charlie Munger, the late former Vice Chairman of Berkshire Hathaway, stated that the company could have doubled its value by using leverage in its investments, a strategy they avoided to protect shareholders. Munger acknowledged that while leverage could have significantly increased Berkshire's worth with minimal risk, the potential disappointment to shareholders, particularly in a scenario where a large portion of their investment could be lost, was a deterrent. He also noted that Berkshire did use some leverage through its insurance float. Berkshire Hathaway shares closed slightly higher on Thursday.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 3:34 am

BRK.A

BRK.B

Charlie Munger and Warren Buffett's final deal did not materialize despite Berkshire Hathaway's substantial cash reserves of nearly $160 billion. Munger, the late vice chairman, remained optimistic about the company's ability to make a significant acquisition, known as the 'elephant' deal. Berkshire Hathaway has made sizeable purchases in the past but has not secured a deal matching the scale Buffett and Munger sought. The responsibility for such a transaction may pass to the next generation of leaders. Berkshire Hathaway's shares closed slightly higher on Thursday.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 3:28 am

CLSK

PATH

SMCI

TSLA

ULTA

The stock market had mixed results with the S&P 500 up, Nasdaq down, and the Dow Jones gaining. Super Micro Computer (SMCI) fell after announcing a public offering. CleanSpark (CLSK) dropped post-earnings report. Tesla (TSLA) declined around its Cybertruck event. UiPath (PATH) slightly fell, with focus on its Q3 earnings and AI investment. Ulta Beauty (ULTA) rose after positive Q3 earnings and sales trends.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 3:19 am

TSLA

Tesla Inc (NASDAQ:TSLA) has delivered its first Cybertrucks, showcasing its performance and durability features, such as racing against a Porsche 911 and demonstrating bulletproof capabilities. CEO Elon Musk dismissed the notion of viral marketing, attributing the attention to the product's inherent qualities. The Cybertruck, with a starting price of $60,990, will have its cheapest version available in 2025. Musk praised the Cybertruck as Tesla's best product at the delivery event.

Portfolio Pulse from Anan Ashraf

December 01, 2023 | 3:11 am

MSTR

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw price increases after two key developments. Microstrategy Inc (NASDAQ:MSTR) purchased an additional 16,130 BTC, bringing their total holdings to 174,530 BTC. The SEC acknowledged Fidelity Investments' filing for a spot Ethereum ETF. Analysts predict Ethereum could reach $3,500 by Q1 2024, and the trend of self-custody for Ethereum is increasing, with exchange wallets at a 6-month low and non-exchange wallets at an all-time high.

Portfolio Pulse from Mehab Qureshi

December 01, 2023 | 2:57 am