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ARKK

COIN

Cathie Wood of Ark Invest predicts Bitcoin could reach $1.5M in a bull case scenario. She remains bullish despite the FTX bankruptcy, highlighting Bitcoin's decentralized nature. Wood also suggests a spot Bitcoin ETF could boost Bitcoin's price by simplifying investment access. Ark's top holding in ARKK is Coinbase, which faces an SEC lawsuit. Wood is confident Coinbase would appeal any negative ruling to the Supreme Court. Bitcoin is up 119% YTD.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 4:38 pm

BBY

CROX

SIG

Retail and e-commerce stocks are up following Target's robust Q3 financial performance, indicating a positive market reaction to the sector's earnings.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:35 pm

BIG

JWN

KSS

TGT

Retail company stocks are up following Target's robust Q3 financial performance, indicating a positive market reaction to the sector's earnings.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:31 pm

Over the past 10 years, Electronic Arts (NASDAQ:EA) has produced an average annual return of 19.09%, outperforming the market by 9.41% on an annualized basis. A $100 investment in EA a decade ago would be worth $554.62 today. EA's market capitalization currently stands at $35.98 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 4:30 pm

ANET

Over the past 5 years, Arista Networks (NYSE:ANET) has delivered an average annual return of 31.61%, outperforming the market by 20.33% on an annualized basis. A $1000 investment in ANET 5 years ago would be worth $3,884.66 today. Arista Networks currently has a market cap of $67.32 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 4:30 pm

BBWI

CHWY

CRWS

DKS

FND

FOSL

ULTA

Retail and e-commerce stocks are up following Target's robust Q3 financial performance, indicating a positive market reaction to strong results in the sector.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:28 pm

TJX

During a conference call, an executive from TJX Companies Inc. projected that the company expects its fourth-quarter sales to be between $15.9 billion and $16.1 billion. Additionally, the company anticipates its adjusted earnings per share (EPS) for the quarter to be in the range of $0.97 to $1.00.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:28 pm

TJX

TJX Companies Inc (NYSE:TJX) reported Q3 FY24 sales of $13.3 billion, surpassing estimates, with comparable store sales up 6%. Gross profit margin expanded to 31.1%, and EPS of $1.03 beat estimates. However, the company's Q4 adjusted EPS forecast was revised down, leading to a 2.96% drop in stock price.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 4:25 pm

MLTX

MoonLake Immunotherapeutics' stock is up following the release of their Q3 earnings per share (EPS) results, which exceeded expectations. The company also announced that its current financial resources, including cash, cash equivalents, and short-term marketable securities, are expected to fully fund its Phase 3 clinical programs.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:10 pm

NKLA

PLUG

Nikola Corporation (NASDAQ:NKLA) stock has risen 8% to $1.11 over the past five sessions after a disappointing earnings report earlier this month. The company reported a gross loss of $125.5 million, an expanded EBITDA loss of $188.6 million, and an adjusted EPS loss of 30 cents, missing consensus estimates. Despite receiving orders for 324 trucks, production issues led to only 3 truck shipments in the quarter. Nikola also faces increased expenses due to a truck recall and aims to achieve profitability by 2025. Nikola shares were also affected by Plug Power Inc's (NASDAQ:PLUG) worse-than-expected Q3 financial results, which led to volatility in the hydrogen industry stocks.

Portfolio Pulse from Henry Khederian

November 15, 2023 | 4:09 pm