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BTCUSD

Cryptocurrency analyst Kevin Svenson has identified a breakout in Bitcoin's daily Relative Strength Index (RSI) and a resistance trend line breakout on the price chart, signaling a potentially bullish phase for Bitcoin. Svenson's analysis, based on historical patterns and a symmetrical triangle pattern breakout on the four-hour chart, suggests Bitcoin could reach new yearly highs or even a new all-time high.

Portfolio Pulse from Murtuza Merchant

April 11, 2024 | 3:04 pm

JACK

Jack In The Box Inc. (NASDAQ:JACK) is partnering with Qu to modernize its Jack In The Box and Del Taco restaurants with Qu's unified commerce platform. This initiative aims to enhance the digital experience, aiming for 20% digital sales by 2026 through multi-brand, omni-channel ordering, and kitchen fulfillment. The technology includes food lockers, digital menu boards, and AI-enabled voice ordering. JACK operates over 2,800 restaurants in 27 states, serving more than 750 million guests annually. JACK shares rose 1.41% to $61.93.

Portfolio Pulse from Shivani Kumaresan

April 11, 2024 | 3:04 pm

GLD

QQQ

SPY

USO

The stock market is showing signs of stabilization following a tamer than expected Producer Price Index (PPI) and the European Central Bank's (ECB) decision to maintain its key interest rate at 4%, with plans to cut rates in June. Positive early trade money flows were observed in major tech stocks, while mixed flows were seen in SPY and QQQ. The article also highlights aggressive buying in Bitcoin, positive gold and mixed oil trading activities, and suggests investors consider protection bands based on individual risk preferences.

Portfolio Pulse from The Arora Report

April 11, 2024 | 3:03 pm

VETUSD

VeChain (CRYPTO: VET) has seen an 8.34% increase in price over the last 24 hours, reaching $0.05, continuing a positive trend with an 11.0% gain over the past week from $0.04. The trading volume for VeChain has surged 82.0% over the past week, with its circulating supply increasing to 72.71 billion, representing 83.86% of its max supply. VeChain's market cap is now ranked #39 at $3.42 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:02 pm

ETCUSD

Ethereum Classic (ETC) has seen a 3.15% increase in price over the last 24 hours, reaching $33.88, continuing a positive trend with a 5.0% gain over the past week from $32.55. The coin's all-time high is $167.09. Trading volume has decreased by 29.0% over the past week, and the circulating supply has dropped by 1.32% to 146.50 million, approximately 69.53% of its max supply. Ethereum Classic's market cap ranks #25 at $4.96 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:01 pm

BWA

BorgWarner (NYSE:BWA) received mixed ratings from 7 analysts, with a shift towards bullish sentiment in the last 30 days. The average 12-month price target is $42.71, reflecting a 5.78% decrease from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $34.00 to $52.00. BorgWarner, a Tier I auto-parts supplier, reported a revenue growth of 6.18% for the quarter ending December 31, 2023, but faces challenges in profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:01 pm

WDAY

The analysis compares Workday (WDAY) with its competitors in the Software industry, highlighting its financial metrics and market standing. Workday's lower PE, PB, and PS ratios suggest undervaluation, while its high ROE indicates strong profitability. However, its EBITDA and gross profit are below the industry average, raising concerns about operational efficiency. The company's revenue growth outperforms the industry, suggesting a positive future outlook.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:01 pm

MA

15 analysts have recently rated Mastercard (NYSE:MA), showing a bullish to somewhat bullish sentiment with an average 12-month price target of $508.33, reflecting a 6.62% increase from the previous target. Mastercard, a leading payment processor, has shown a revenue growth of 12.57% and a net margin of 42.62%, with a ROE of 42.16% and an ROA of 6.8%, despite a high debt-to-equity ratio of 2.26.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:01 pm

ADBE

The article provides an industry comparison of Adobe (NASDAQ:ADBE) against its competitors in the Software industry, focusing on financial metrics, market position, and growth prospects. Adobe's P/E ratio is below the industry average, suggesting potential undervaluation. However, its P/B ratio is high, indicating a premium on its assets. The P/S ratio is lower than the industry average, suggesting a favorable sales valuation. Adobe's ROE is lower than the industry average, indicating potential inefficiency in utilizing equity. Despite this, Adobe has a higher EBITDA and gross profit compared to the industry average, indicating strong operational performance. However, Adobe's revenue growth is below the industry average, suggesting challenges in market share expansion. Adobe's lower debt-to-equity ratio compared to its top 4 peers indicates a stronger financial position with less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:01 pm

NOW

ServiceNow (NYSE:NOW) is analyzed against its software industry peers, revealing a mixed financial performance. While its PE ratio suggests undervaluation, its PB and PS ratios indicate potential overvaluation. ServiceNow's ROE, EBITDA, and gross profit are below industry averages, yet it boasts a higher revenue growth. The company's lower debt-to-equity ratio compared to top peers suggests a strong financial position.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:00 pm