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Stock Prices

AAPL

Apple Inc. (NASDAQ:AAPL) is facing shareholder proposals seeking transparency on AI use ahead of its annual meeting. The board advises against these proposals, citing competitive risks. Proposals also cover gender pay gaps, privacy, and human rights. Apple asserts it has provided sufficient transparency on AI and machine learning use.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 5:45 am

BTCUSD

Glassnode founders Jan Happel and Yann Allemann predict Bitcoin (BTC) is on the verge of breaking its all-time high, with an immediate target of $57,000. They noted that Bitcoin's momentum has been increasing since February 15, indicating a strong upward movement.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 5:33 am

JPM

JPMorgan CEO Jamie Dimon expressed concerns about a potential U.S. recession at the JPMorgan High Yield and Leveraged Finance Conference, citing factors like the market's optimistic 'soft landing' pricing, Federal Reserve's quantitative tightening, and fiscal spending deficits. Despite these concerns, Dimon does not foresee systemic issues or a crisis akin to 2008 but warns of possible real estate problems and challenges for some banks if a recession occurs. He also mentioned the impact of fintech competition and regulatory burdens on traditional banks but remains optimistic about AI's potential.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 4:57 am

BTCUSD

ETHUSD

The cryptocurrency market experienced significant liquidations, with $364 million liquidated across platforms like Binance and Bybit, primarily affecting short sellers of Bitcoin and Ethereum. Bitcoin's price surge led to the liquidation of $158 million in Bitcoin shorts and $44 million in Ethereum shorts. Analyst Crypto Rover warns that over $1 billion in Bitcoin short positions could be liquidated if Bitcoin reaches $52,200. Ethereum's price also surged, reaching a peak of $3,273. The Bitcoin Fear and Greed Index hit a one-year high of 79.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 4:14 am

AAPL

NFLX

Netflix Inc. has ceased billing through Apple Inc. for its long-term subscribers, requiring them to pay directly. This affects basic plan members previously using iTunes for payments, potentially leading to a price hike from the old $9.99 rate.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 4:06 am

AVGO

BRK

LLY

NVDA

TSLA

Jim Cramer has named Eli Lilly (LLY), Berkshire Hathaway (BRK), and Tesla (TSLA) as potential candidates to reach a trillion-dollar market cap, following Nvidia's (NVDA) recent achievement. Eli Lilly is noted for its promising GLP-1 drugs, Berkshire Hathaway for the rising cost of auto insurance, and Tesla for its new models. Broadcom (AVGO) was also mentioned but is seen as less likely to reach the milestone soon.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 4:05 am

BYDDF

BYDDY

TSLA

BYD Co Ltd views Tesla Inc as a partner rather than competition in the EV market, emphasizing the minimal customer overlap and shared goal of advancing EV adoption. BYD's Executive VP Stella Li dismissed rumors of entering the U.S. market through a Mexican factory, citing political complications. Despite Tesla's concerns about Chinese automakers' competitive edge, BYD focuses on competing with combustion engine manufacturers. In Q4 2023, BYD surpassed Tesla in BEV sales, though it also produces hybrids.

Portfolio Pulse from Anan Ashraf

February 27, 2024 | 3:53 am

COIN

HOOD

NVDA

Cathie Wood's Ark Invest sold shares of Coinbase and Robinhood worth approximately $6.9 million each, and Nvidia shares valued at $2.15 million, amidst a Bitcoin rally surpassing $56,000. The sales occurred through various ARK ETFs, reflecting adjustments in Ark's investment strategy despite previous positive remarks on Coinbase and Nvidia. Additionally, Ark Invest increased its stakes in ROKU, VCYT, TXG, TWST, and NTLA, indicating a bullish outlook on digital media and biotech sectors.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 3:45 am

ARKB

BITB

COIN

IBIT

MSTR

Bitcoin surpassed $56K, with Ethereum and Dogecoin also seeing gains as the crypto market cap exceeds $2T. The surge is attributed to factors like spot Bitcoin ETF inflows and positive investor sentiment. Trading volumes for nine spot Bitcoin ETFs hit a record $2.4 billion, with BlackRock's IBIT leading. MicroStrategy expanded its Bitcoin holdings. The S&P 500 and Nasdaq saw declines, while stocks linked to Bitcoin's price, including Coinbase and Microstrategy Inc, surged.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 2:59 am

HIMS

MARA

RIOT

TSLA

Bitcoin's surge above $55K positively impacted Marathon Digital Holdings Inc (MARA) and Riot Platforms Inc (RIOT), with significant stock gains. Zoom Video Communications Inc (ZM) saw a slight decline despite strong Q4 earnings. Hims & Hers Health, Inc. (HIMS) and Tesla Inc. (TSLA) also experienced stock increases, attributed to positive earnings and expansion news, respectively. U.S. indices closed lower, with the Dow Jones, S&P 500, and Nasdaq all experiencing declines.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 2:26 am