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BTCUSD

Bitcoin's reputation as a safe haven asset is challenged as it drops 3.52% amid Iran-Israel war fears, while gold rises. This highlights Bitcoin's volatility during geopolitical crises, contrasting with gold's stability.

Portfolio Pulse from Aniket Verma

October 02, 2024 | 7:52 am

ARKB

HOOD

IBIT

MSTR

Michael Novogratz, CEO of Galaxy, predicts a significant boost for Bitcoin with the introduction of options trading on ETFs. This development is expected to be transformative for Bitcoin, similar to the impact on MicroStrategy, which benefits from options trading. Bitcoin's recent price movements have been influenced by fund flows into Bitcoin spot ETFs and geopolitical tensions.

Portfolio Pulse from Pooja Rajkumari

October 02, 2024 | 7:44 am

TSLA

Tesla has discontinued its cheapest Model 3 variant, the rear-wheel drive (RWD) version, from its U.S. website. The new entry-level Model 3 is the long-range RWD variant, priced at $42,490. This change makes all Model 3 variants eligible for a $7,500 federal EV tax credit.

Portfolio Pulse from Anan Ashraf

October 02, 2024 | 7:39 am

AAPL

CAG

LEVI

NVDA

RPM

TSLA

The Nasdaq ended 1.5% lower as major tech stocks like Tesla, Nvidia, and Apple fell. The CNN Money Fear and Greed index showed a decline in market sentiment but remained in the 'Greed' zone. Investors are awaiting earnings results from Conagra Brands, RPM International, and Levi Strauss.

Portfolio Pulse from Avi Kapoor

October 02, 2024 | 7:01 am

CAG

LEVI

NKE

RPM

U.S. stock futures are trading lower, with key stocks to watch including Conagra Brands, Lamb Weston, RPM International, Nike, and Levi Strauss. Conagra is expected to report earnings of 60 cents per share, while Lamb Weston reported better-than-expected earnings but announced workforce cuts. RPM International is expected to post earnings of $1.75 per share. Nike reported better-than-expected earnings but missed sales estimates, leading to a 5.9% drop in after-hours trading. Levi Strauss is expected to post earnings of 31 cents per share.

Portfolio Pulse from Avi Kapoor

October 02, 2024 | 6:56 am

SARO

StandardAero, Inc. has announced the pricing of its upsized IPO at $24 per share, offering 60 million shares, including 6.75 million from existing stockholders. The shares will trade on the NYSE under the symbol 'SARO' starting October 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 6:51 am

WCT

Wellchange Holdings, a Hong Kong-based enterprise software solutions provider, is set to begin trading on Nasdaq under the ticker 'WCT' following its IPO priced at $4.00 per share. The company is offering 1.1 million shares, with an additional 900,000 shares being sold by a shareholder. The IPO is expected to raise $4.4 million for Wellchange, which plans to use the proceeds for technology enhancements, marketing, international expansion, and potential strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 6:45 am

TSLA

Tesla is expected to report a significant delivery beat for Q3, potentially changing the stock's narrative after a period of negative earnings revisions. Analyst Gary Black and reliable forecaster @Troyteslike predict deliveries exceeding consensus estimates, which could positively impact Tesla's stock.

Portfolio Pulse from Shanthi Rexaline

October 02, 2024 | 6:30 am

MSFT

SoftBank is investing $500 million in OpenAI, boosting its valuation to $150 billion. This investment is part of a $6.5 billion funding round. Microsoft is also an existing investor. Apple has reportedly withdrawn from investing in OpenAI.

Portfolio Pulse from Ananya Gairola

October 02, 2024 | 4:47 am

Senator Bernie Sanders criticized Boeing for its handling of a workers' strike, using it to advocate for Medicare for All. The strike involves 33,000 workers who lost healthcare benefits. Boeing is considering issuing new stock to raise $10 billion due to the financial impact of the strike.

Portfolio Pulse from Shivdeep Dhaliwal

October 02, 2024 | 4:41 am