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BTCUSD

FLOKIUSD

Floki's protocol’s token, TokenFi (TOKEN), has surged by 40% amid controversy surrounding market manipulation. The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation surrounding the listing. Floki’s team claims that Bitget listed the token before its official launch, while Bitget accused the Floki team of suspected market manipulation by exerting control over the initial liquidity and delisted the token.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 5:59 am

TSLA

Tesla shares fell below $200 before recovering slightly, but are still well off their intraday high of $299.29 on July 19. Analyst Gordon Johnson of GLJ Research suggests that Tesla's poor results are causing a potential mass exodus by big institutional investors, who account for about 42.74% of the total outstanding shares. Johnson points to Tesla's missed consensus estimate in Q2 2022, which led to a 50% drop in the stock over the next six months. He warns that the situation could repeat itself given the company's worsening results.

Portfolio Pulse from Shanthi Rexaline

November 01, 2023 | 5:53 am

FXI

China's Caixin Manufacturing Purchasing Managers Index (PMI) for October was reported at 49.5, lower than the estimated 50.8 and the prior figure of 50.6. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:45 am

BTCUSD

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 4:14 am

BTCUSD

Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), wished Satoshi Nakamoto, the creator of Bitcoin, on the 15th anniversary of Bitcoin’s white paper. He also reminded crypto companies to adhere to securities laws. During Gensler’s tenure as SEC chair, the regulatory agency has taken action against cryptocurrency companies such as Binance, Coinbase, and Kraken. Bitcoin was trading at $34,281, up 0.20% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 3:43 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies had a mixed performance on Tuesday, with investors optimistic about potential approval of Bitcoin ETFs in the US. Bitcoin experienced its strongest monthly rally since January, surging more than 27% to reach a 17-month high of $35,000. The market is currently anticipating the Federal Reserve’s upcoming interest rate decision. Bitcoin ETFs could significantly impact bitcoin due to their accessibility for the average investor. Crypto analyst Michael Van De Poppe suggests that altcoins are experiencing an upward correction, while Bitcoin shows ongoing strength.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 2:46 am

AMD

CRSP

DKNG

PAYC

TSLA

Major U.S. indices ended in the green on Tuesday, with the Dow gaining nearly 124 points or 0.4% to 33,052.87. The S&P 500 and the Nasdaq indices also ended the day in positive territory. The top stocks that gained the attention of retail traders and investors throughout the day were Advanced Micro Devices, Inc. (AMD), CRISPR Therapeutics (CRSP), Paycom Software, Inc. (PAYC), DraftKings Inc. (DKNG), and Tesla, Inc. (TSLA).

Portfolio Pulse from Benzinga Neuro

November 01, 2023 | 2:22 am

CURLF

SAM

The cannabis-infused beverage industry is rapidly growing, with beverages being one of the fastest-growing form factors in cannabis. Boston Beer Company Inc. (NYSE:SAM) has entered the market with its THC-infused TeaPot brand in Canada and plans for the U.S. market. Curaleaf Holdings, Inc. (OTCQX:CURLF) sees potential in the normalization of cannabis beverages, despite challenges in production and distribution. The industry faces challenges such as oversupply, potential down-trading, and the illicit cannabis market.

Portfolio Pulse from Joana Scopel

November 01, 2023 | 12:24 am

CMCSA

RUM

The latest Morning Consult poll shows former President Donald Trump leading the GOP field for the 2024 presidential election, despite a slight drop in support. Trump's lead over his Republican opponents is 48 points, down from 49 points a week ago. The poll also shows gains for Vivek Ramaswamy and Chris Christie. The third Republican debate, scheduled for Nov. 8, will be broadcast by Comcast Corporation (NASDAQ:CMCSA) and streamed by Rumble Inc (NASDAQ:RUM).

Portfolio Pulse from Chris Katje

October 31, 2023 | 11:19 pm

DAL

JBLU

LUV

SAVE

JetBlue Airways Corporation's stock fell to a 10-year low following a disappointing earnings report and pending litigation over its acquisition of Spirit Airlines. The U.S. Department of Justice is suing to prevent the merger, which would make JetBlue the fifth largest airline in the U.S. Other airlines, including Southwest Airlines and Delta Air Lines, also saw their stocks fall.

Portfolio Pulse from Aaron Bry

October 31, 2023 | 9:58 pm