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BLK

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BlackRock Inc (NASDAQ:BLK) is planning to create an ETF focused on Ethereum (ETH), which has led to a surge in major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The global crypto market cap increased by 3.03% in the past 24 hours. U.S. stock futures dipped slightly after Moody's revised the U.S. credit rating outlook to negative. Analyst Michael Van de Poppe sees a bull cycle for cryptocurrencies, while Cheds notes a bullish signal for Bitcoin. Solana (SOL) surpassed $54, indicating decoupling from other assets.

Portfolio Pulse from Mehab Qureshi

November 13, 2023 | 2:54 am

NFLX

Netflix Inc. (NASDAQ:NFLX) is expanding its mobile gaming catalog by adding the award-winning game 'Hades' in 2024. The game, developed by Supergiant Games, will debut exclusively on Netflix's mobile platform, initially only on iOS. Netflix's mobile game library has grown to over 63 titles since its launch in November 2021, indicating the company's ambition to capture a larger share of the gaming market.

Portfolio Pulse from Ananya Gairola

November 13, 2023 | 2:48 am

ATAI

CMPS

CYBN

DRUG

ENVB

GHRS

HUGE

IXHL

MNMD

PSIL

SILO

The article discusses various aspects of the psychedelics industry, including the potential of psychedelic treatments for PTSD in veterans, a possible $100M IPO by a psychedelics company, and Cybin Inc.'s new $64M offering. It also covers worldwide events related to psychedelics and provides a performance overview of the AdvisorShares Psychedelics ETF (PSIL) and several psychedelics stocks. Cybin Inc. announced an underwritten offering of units at $0.45, with $30M fully funded upon closing and an additional $34M upon full exercise of warrants. The article also lists the closing prices of several psychedelics stocks on November 10, with most showing a downward trend.

Portfolio Pulse from Lara Goldstein

November 13, 2023 | 1:39 am

LXRX

Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) announced positive results from a post hoc analysis of the SCORED trial, showing early clinical benefits of INPEFA (sotagliflozin) in reducing heart failure and major adverse cardiovascular events (MACE) risks. The analysis, presented at the AHA Scientific Sessions 2023, indicated significant risk reductions as early as three months after treatment. INPEFA was approved by the FDA on May 26, 2023, for reducing cardiovascular risks in adults with heart failure or type 2 diabetes with additional risk factors.

Portfolio Pulse from Benzinga Newsdesk

November 12, 2023 | 10:16 pm

SPIR

Spire Global, Inc. (NYSE:SPIR) successfully launched 11 satellites on SpaceX's Transporter-9 mission, including 10 for Space Services customers and 1 for its own data and analytics solutions. The satellites will serve Earth observation, connectivity, and RF intelligence missions across various frequency bands. Customers include GHGSat with CO2 and methane monitoring payloads, HiSky with a satellite for its Smartellite™ network, Jacobs with RF signal detection systems, and SNC with a constellation for national security. Spire's LEMUR 2 NANAZ will track NGSO broadband internet constellations. The customer satellites were manifested through an agreement with Exolaunch, which includes access to Transporter missions and the EXOpod Nova deployer.

Portfolio Pulse from Benzinga Newsdesk

November 12, 2023 | 10:12 pm

VCR

XRT

Finance experts are advising consumers to save during the holiday season due to high inflation and interest rates. Savings accounts, CDs, and bonds are offering returns up to 5%, making spending less attractive. High credit card rates, which can approach 30%, also discourage spending. The Wall Street Journal suggests reviewing past expenses and setting spending limits with family to avoid overspending. Visa Inc. (V), Mastercard Inc. (MA), SPDR S&P Retail ETF (XRT), and Vanguard Consumer Discretionary ETF (VCR) are stocks and ETFs to watch as they are impacted by consumer spending and credit usage.

Portfolio Pulse from Bibhu Pattnaik

November 12, 2023 | 10:04 pm

DDC

SGN

SHIM

DDC Enterprise Limited (NYSE:DDC), Signing Day Sports, Inc. (NYSE:SGN), and Shimmick Corporation (NASDAQ:SHIM) are set to go public this week with their IPOs. DDC is offering 4.25 million shares at $10.50 each, SGN is offering 1.5 million shares at $5.00 each, and SHIM is offering 4.55 million shares at $11.00 each. All three companies have set a 180-day insider lock-up period post-IPO.

Portfolio Pulse from Benzinga Insights

November 12, 2023 | 7:17 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) has updated its 'Motor Vehicle Order Agreement' for the Cybertruck, including a clause that prohibits buyers from reselling the vehicle within the first year of purchase. If a buyer breaches this provision, Tesla may seek $50,000 in liquidated damages or the sale value, whichever is greater. The company may also refuse to sell any future Tesla EVs to the user. This move has sparked mixed reactions on social media, with some supporting the decision to prevent flipping for profit, while others question the enforceability of the agreement. The Cybertruck is expected to significantly boost Tesla's sales volume and have a halo effect on other models, despite Elon Musk's caution about the ramp-up difficulty.

Portfolio Pulse from Shanthi Rexaline

November 12, 2023 | 4:47 pm

BLK

DOGEUSD

ETHUSD

Cryptocurrency analysts predict surges in Dogecoin and Ethereum, with Dogecoin potentially increasing by 140-170% and Ethereum aiming to break resistance at $1,900. Bitcoin's price is rallying, surpassing $35,000, fueled by interest in Bitcoin Spot ETFs and the upcoming halving event. BlackRock is optimistic about SEC approval for its Bitcoin ETF by January 2024, which could inject $200 billion into Bitcoin markets and drive the price to $330,000.

Portfolio Pulse from Benzinga Neuro

November 12, 2023 | 4:01 pm

AAPL

GOOGL

MSFT

Apple Inc. (AAPL) has been highlighted in several key tech developments, including leading the AI race according to Morgan Stanley, potential in-house battery development for iPhones post-2025, a delay in its self-driving car project, and a new macOS feature to curb warranty fraud. Google (GOOGL) is appealing to EU regulators to make Apple's iMessage compatible with other services, while Microsoft (MSFT) is also mentioned as a competitor in AI.

Portfolio Pulse from Benzinga Neuro

November 12, 2023 | 4:00 pm