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Stock Prices

BTCUSD

DOGEUSD

ETHUSD

FTMUSD

Major cryptocurrencies showed mixed performance with Bitcoin and Ethereum experiencing declines, while Dogecoin and others like Fantom saw gains. The decrease in Bitcoin's price is attributed to concerns over an overheated market following spot ETF approvals and a pre-halving drawdown. Spot Bitcoin ETFs saw record inflows, but a subsequent decrease in demand may lead to further price downturns. The stock market rose in anticipation of new Federal Reserve monetary policy guidance. Analysts caution against buying altcoins during rallies, suggesting purchases when they are significantly down.

Portfolio Pulse from Mehab Qureshi

March 19, 2024 | 3:52 am

CRWD

NVDA

CrowdStrike Holdings Inc (NASDAQ:CRWD) and NVIDIA Corp (NASDAQ:NVDA) have announced a partnership to enhance CrowdStrike's cybersecurity solutions using Nvidia's advanced AI technology. The collaboration aims to leverage Nvidia's Morpheus framework and large language model (LLM) capabilities, allowing CrowdStrike to offer more sophisticated and cost-effective services. This strategic move comes as AI-related stocks, including Nvidia, are gaining momentum ahead of Nvidia's GPU Technology Conference (GTC), highlighting the growing importance of AI in the technology sector.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 3:52 am

DWAC

NVDA

STNE

TSLA

Major U.S. indices ended higher with the Dow Jones, S&P 500, and Nasdaq all seeing gains. Digital World Acquisition Corp (DWAC) dropped 8.74% amid Trump's bond issues. Nvidia (NVDA) rose 0.70% due to its AI conference. Micron Technology (MU) increased 0.57% after analyst upgrades. StoneCo (STNE) fell 0.98% following its earnings report. Tesla (TSLA) surged 6.31% after announcing price increases for the Model Y.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 3:36 am

VWAGY

President Joe Biden and Sen. Bernie Sanders expressed support for Volkswagen's Chattanooga assembly plant workers' efforts to join the United Auto Workers (UAW) union. This plant, employing over 4,000 workers, is Volkswagen's only U.S. assembly facility without employee representation. The UAW has attempted to represent workers at this plant twice in the past decade. Sanders emphasized the workers' constitutional right to a union election and urged Volkswagen to respect pro-union workers as it does internationally. The support from Biden and Sanders comes amid broader efforts to unionize workers across major automakers, with the UAW seeking to expand its influence.

Portfolio Pulse from Anan Ashraf

March 19, 2024 | 3:14 am

AMZN

GOOGL

MSFT

NVDA

Jim Cramer believes NVIDIA Corp (NVDA) will lead the next industrial revolution with its software innovations, enhancing processes and reducing costs across sectors. Despite not being as tangible as tech peers like Microsoft (MSFT), Alphabet (GOOGL/GOOG), or Amazon (AMZN), Nvidia's technology is seen as equally valuable. Nvidia's recent unveiling of its next GPU, Blackwell, and the focus on AI at its GTC event, have positioned it as a key player in the tech industry's future.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 3:10 am

PLNH

Planet 13 Holdings (OTC:PLNH), a cannabis company, faces a 55% lag behind peers this quarter due to an ill-timed equity offering and embezzlement issues. Despite this, it trades at a 35% discount with strong growth prospects, especially in Florida. The company has filed a $16.5 million lawsuit against Casa Verde Capital and El Capitan Advisors for alleged fraud. Financially, PLNH saw a decrease in sales but improved EBITDA margins and ended CY23 with $17.3M in cash, expecting $33M post-VidaCann deal. Strategic moves include the VidaCann acquisition and expansion in Florida and Nevada.

Portfolio Pulse from Nicolás Jose Rodriguez

March 19, 2024 | 2:10 am

DWAC

Digital World Acquisition Corp (NASDAQ:DWAC), the SPAC for Trump's Truth Social, hit a 7-week low of $35.58, down 8.74%, amid Trump's struggles to secure a bond in a civil fraud case. Despite this, DWAC's value has more than doubled year-to-date, with a significant surge after SEC clearance for a merger with Truth Social. Trump's legal and financial challenges, including a rejected bond request in a fraud case and concerns over debt settlement funding, continue to impact investor sentiment.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 1:48 am

VRNOF

Several cannabis companies, led by Verano Holdings (OTC:VRNOF), are challenging the federal ban on marijuana, arguing that the landscape has changed significantly since many states have legalized marijuana. The lawsuit aims to counter the government's attempt to dismiss the case, citing the reduction in illicit interstate commerce due to state-regulated access. Verano Holdings is highlighted for its standout performance in the cannabis sector, with notable growth in states like Florida, despite challenges in others like Illinois and New Jersey. The company's valuation stands at $2.1 billion, with a 16% stock increase over the last 90 days.

Portfolio Pulse from Nicolás Jose Rodriguez

March 19, 2024 | 1:47 am

ATOMUSD

DOTUSD

SOLUSD

The article discusses the potential of high-yield crypto staking options in the altcoin space, highlighting Solana (SOL), Polkadot (DOT), and Cosmos Hub (ATOM) as promising investments for passive income generation and long-term wealth creation. It notes SOL's 170% appreciation in three months, DOT's 44% rise in the same period, and ATOM's high staking reward rate of 16.67%. The piece emphasizes the importance of a medium to long-term HODL strategy and the benefits of staking in DeFi liquidity pools.

Portfolio Pulse from Murtuza Merchant

March 18, 2024 | 11:52 pm

BTCUSD

Bitcoin (BTC) has reached new all-time highs in 2024, trading around levels last seen in November 2021. Optimism stems from the approval of Bitcoin ETFs, leading to strong inflows. A Benzinga poll on X (formerly Twitter) indicates that 34.5% of respondents believe Bitcoin could hit $100,000 in March or April 2024, with over 77% expecting it within the next three months. This optimism is higher than a previous poll, suggesting a quicker timeline for reaching the $100,000 mark.

Portfolio Pulse from Chris Katje

March 18, 2024 | 10:09 pm