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Bitcoin's 14% gain this week, coupled with Nasdaq's slump, suggests a shift in the tech investment landscape, according to Charlie Morris, founder of ByteTree. He advises tech investors to 'jump ship'. The CoinDesk Market Index and Computing Sector also saw increases, driven by Chainlink and Fetch.AI tokens. The poor performance of U.S. stocks compared to Bitcoin's rise is significant. There is optimism that a regular Bitcoin investment fund will get regulatory approval soon.

Portfolio Pulse from Ananya Gairola

October 28, 2023 | 4:36 am

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The investment chief of The Wealth Consulting Group, Jim Worden, has proposed adding Berkshire Hathaway Inc. to the 'Magnificent Seven', a group of seven mega-cap growth stocks. The current group includes Apple Inc., Microsoft Corporation, Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Tesla Inc., and Nvidia Corporation. Worden suggests that Berkshire Hathaway's inclusion would significantly diversify the group due to its presence in numerous sectors and larger market capitalization than Tesla or Meta.

Portfolio Pulse from Benzinga Neuro

October 28, 2023 | 3:16 am

AAPL

Apple Inc. is reportedly planning to use its first-generation mixed reality headset, Vision Pro, for diagnosing and potentially treating mental health conditions. The device, priced at $3,500, is equipped with sensors and cameras that could identify users' emotions and feelings, potentially diagnosing conditions such as anxiety, depression, PTSD, and other stress-related disorders. However, production issues have reportedly caused Apple to reduce its 2024 Vision Pro production forecast.

Portfolio Pulse from Benzinga Neuro

October 28, 2023 | 3:10 am

TSLA

Tesla Inc (NASDAQ:TSLA) has launched a Cybertruck Delivery Event shareholder lottery to select shareholders who will attend the event at Gigafactory Texas on Nov. 30. The company aims to deliver roughly 0.25 million Cybertrucks in a year, which is expected to significantly contribute to the company's cash flow. However, this might not happen next year, according to CEO Elon Musk.

Portfolio Pulse from Anan Ashraf

October 28, 2023 | 2:56 am

AAPL

META

Meta Platforms Inc. (NASDAQ:META) has reportedly cut its shipment forecast for Quest 3 by 5-10% following a $3.7 billion operating loss primarily linked to decreased Quest 2 sales. Analyst Ming-Chi Kuo from TF International Securities predicts that Reality Labs' losses will continue to widen due to lower-than-expected market demand. He also highlighted the impending competition from Apple Inc.'s (NASDAQ:AAPL) first-generation mixed-reality headset, Vision Pro, which is technically 2-3 years ahead of Meta's Quest.

Portfolio Pulse from Ananya Gairola

October 28, 2023 | 2:13 am

FOXO

FOXO Technologies Inc. (NYSE:FOXO) has announced a 1-for-10 reverse stock split of its Class A common stock, effective at 4:01pm ET on November 6, 2023. The stock will begin trading on a split-adjusted basis on the NYSE American under the same symbol 'FOXO' on November 7, 2023. The reverse stock split was approved by the company's stockholders at the 2023 Annual Meeting. All outstanding stock options, warrants, and equity incentive plans will be proportionately affected.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 9:32 pm

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During Friday's after-market session, several consumer discretionary stocks saw significant movement. Gainers included Dogness (DOGZ), Cheetah Net Supply Chain (CTNT), JOANN (JOAN), Color Star Tech (ADD), Sacks Parente Golf (SPGC), and 2U (TWOU). Losers included Chijet Motor Co (CJET), Singing Machine Co (MICS), Kidpik (PIK), Aterian (ATER), MGO Global (MGOL), and GrowGeneration (GRWG).

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 9:31 pm

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During Friday's after-market session, several communication services stocks experienced significant movement. Super League Enterprise, Hanryu Holdings, VS Media Holdings, Beasley Broadcast Group, Grupo Televisa, and CuriosityStream saw gains, while Blue Hat Interactive, Gamer Pakistan, Liberty TripAdvisor Hldgs (two listings), Fangdd Network Group, and NextPlay Technologies experienced losses.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 9:31 pm

ALGS

CHRS

CNTB

ICU

During Friday's after-market session, several health care stocks experienced significant movement. Coherus BioSciences (CHRS), Aligos Therapeutics (ALGS), ContraFect (CFRX), ProKidney (PROK), Virpax Pharmaceuticals (VRPX), and Reviva Pharmaceuticals (RVPH) saw their shares rise, with Coherus BioSciences leading the gainers with an 11.7% increase. On the other hand, Connect Biopharma Hldgs (CNTB), SeaStar Medical Holding (ICU), Allarity Therapeutics (ALLR), Lipella Pharmaceuticals (LIPO), Sight Sciences (SGHT), and MSP Recovery (LIFW) experienced a decline in their stock prices, with Connect Biopharma Hldgs leading the losers with a 10.0% decrease.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 9:31 pm

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Several information technology stocks experienced significant movement in Friday's after-market session. HeartCore Enterprises, Actelis Networks, Pagaya Techs, Quantum Computing, Inpixon, and Wrap Technologies saw gains, while BIO-key Intl, Addvantage Technologies, Tempo Automation Holdings, Arqit Quantum, Marin Software, and WiSA Technologies experienced losses.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 9:31 pm