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BOTZ

IWO

MEME

ETFs tracking meme stocks, such as the Roundhill MEME ETF (MEME), the Robotics & AI ETF (BOTZ), and iShares Russell 2000 Growth (IWO), have experienced significant gains, outperforming the S&P 500 over the past five trading days. DataTrek Research highlights this trend as a sign of investors' 'animal spirits' running hot again, with these ETFs showing better average returns than the S&P not only in the past week but also over the last month and year-to-date. The resurgence of interest in meme stocks is seen as part of a broader bullish market condition, with predictions that the November stock rally could continue through year-end.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 4:02 am

TSLA

Tesla Inc (NASDAQ:TSLA) is offering up to $3,000 discounts on Model Y inventory vehicles in the US. This comes alongside a $7,500 tax credit available for these vehicles. The discounts are likely in response to concerns about falling demand due to rising interest rates, as mentioned by CEO Elon Musk during the Q3 earnings call. Despite price cuts, monthly payments remain similar due to the higher interest rates. Tesla's stock closed 2.38% higher at $241.20 on Tuesday.

Portfolio Pulse from Anan Ashraf

November 22, 2023 | 2:44 am

BTCUSD

ETHUSD

ChangPeng Zhao, former CEO of Binance, has been released on a $175 million bail bond after pleading guilty to money laundering violations. Binance is set to pay a $4.3 billion penalty. Richard Teng is the new CEO. Major cryptocurrencies Bitcoin and Ethereum fell by 3.7% following the news.

Portfolio Pulse from Shivdeep Dhaliwal

November 22, 2023 | 12:43 am

TSLA

Dogecoin (DOGE) recently surpassed 8 cents, reaching highs not seen since April. Tesla Inc (TSLA) and Dogecoin are linked due to Elon Musk's support. Although DOGE can't currently be used to buy Tesla vehicles, it can be used for merchandise purchases. An investment in DOGE today could potentially allow an investor to afford a Tesla Model Y if DOGE reaches $0.25. To buy a Model Y priced at $43,990, an investor would need 175,960 DOGE, which would require an investment of $13,114.77 at the current DOGE price of $0.07452.

Portfolio Pulse from Chris Katje

November 22, 2023 | 12:40 am

BTCUSD

The article discusses the potential market impact if Satoshi Nakamoto, the pseudonymous creator of Bitcoin, were to move his estimated 750,000 to 1,100,000 Bitcoin holdings. The untouched fortune has remained static for over a decade, and any movement could either cause a drastic drop in Bitcoin's value due to increased supply and panic selling, or it could trigger a bull run if perceived as a sign of confidence. Regulatory implications are also considered, with the event possibly accelerating the evolution of cryptocurrency regulations.

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 11:40 pm

URBN

Urban Outfitters, Inc. (NASDAQ:URBN) reported Q3 earnings of 88 cents per share, beating estimates of 82 cents and marking a 120% increase from the previous year. Sales reached a record $1.28 billion, surpassing expectations of $1.26 billion and growing 8.94% year-over-year. Despite the positive results, URBN shares dropped 7.05% in after-hours trading to $33.75.

Portfolio Pulse from Ryan Gustafson

November 21, 2023 | 11:37 pm

CSSE

Chicken Soup for the Soul Entertainment (CSSE) received a Nasdaq listing deficiency notice for not filing its Form 10-Q on time. CSSE has 60 days to submit a compliance plan, which if accepted by Nasdaq, could grant an extension up to May 20, 2024, to regain compliance. There is no assurance that Nasdaq will accept the plan or that CSSE will maintain compliance with other listing requirements.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:28 pm

FWONA

FWONK

GME

Citadel CEO Ken Griffin, known for betting against GameStop, is reportedly interested in acquiring a minority stake in the NFL's Miami Dolphins. The team's owner, Stephen Ross, is considering selling a minority stake, which includes the Hard Rock Stadium and Formula 1 Miami Grand Prix rights, to invest in other sports ventures. The Dolphins are valued at $5.24 billion, with $600 million in revenue and $128 million in operating profit in 2022. Griffin's move to Miami and his interest in the Dolphins align with his vision of Miami becoming a major financial hub.

Portfolio Pulse from Chris Katje

November 21, 2023 | 10:27 pm

SOBR

SOBRsafe has received a Nasdaq deficiency letter due to its stock price not meeting the minimum bid price requirement. The company has 180 days to maintain a closing bid price of at least $1.00 for 10 consecutive business days. SOBRsafe has stated it is not considering a reverse stock split at this time, as it has sufficient cash on hand and increasing sales activity.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:21 pm

EIS

Israel is close to finalizing a deal with Hamas for the release of 50 hostages in exchange for a 4-day ceasefire and the release of about 140 Palestinian prisoners. The deal has the support of the IDF, Shin Bet, and Mossad, and excludes prisoners convicted of murder. The ceasefire includes a halt to Israeli UAV activities in Gaza for six hours daily. The deal's implementation awaits cabinet approval and potential High Court appeals. Netanyahu insists on continued military operations post-deal, while Biden expresses cautious optimism. Israeli stocks, including the iShares MSCI Israel ETF (EIS), saw a slight uptick following the news.

Portfolio Pulse from Piero Cingari

November 21, 2023 | 10:20 pm