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BTCUSD

Venture capitalist Chamath Palihapitiya declared Bitcoin (CRYPTO: BTC) dead in America in April 2023, when it was trading at $27,817.50. Despite this, Bitcoin has continued to persevere, reaching $34,522 recently. This increase was influenced by the news that BlackRock's iShares Bitcoin Trust ETF has been added to the Depository Trust and Clearing Corporation's curated list, indicating progress towards its launch. If one had invested $100 in Bitcoin when Palihapitiya made his statement, they would have seen a 22% increase in their investment today.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 10:30 am

EDV

GLDM

LIT

SGOL

Mid-cap ETFs with AUM between $2 billion and $10 billion were screened for changes in net assets. Winners include abrdn Physical Gold Shares ETF (SGOL) and SPDR Gold MiniShares Trust (GLDM), both up 2.71% and 2.61% respectively. Losers include Global X Lithium & Battery Tech ETF (LIT) and Vanguard Extended Duration Treasury ETF (EDV), down 7.50% and 7.48% respectively. LIT's largest holdings are Albemarle Corporation (ALB) and Tesla, Inc. (TSLA).

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:30 am

LOGI

Logitech International S.A. (LOGI) shares rose by around 10% after reporting Q2 FY24 results. Despite an 8% Y/Y fall in revenue to $1.06 billion, the figure exceeded the consensus of $968.4 million. Adjusted gross margin expanded to 42.0%, and adjusted operating income grew 17% Y/Y to $183 million. The company also raised its FY24 sales guidance to $4.0 billion - $4.15 billion. Logitech returned $276 million to shareholders in Q2 FY24, including share repurchases of $94 million.

Portfolio Pulse from Lekha Gupta

October 24, 2023 | 10:29 am

EMXC

IGV

IWY

SPTS

The iShares Russell Top 200 Growth ETF (IWY) and iShares MSCI Emerging Markets ex China ETF (EMXC) have seen significant increases in Assets Under Management (AUM) over the past week, while iShares Expanded Tech-Software Sector ETF (IGV) and SPDR Portfolio Short Term Treasury ETF (SPTS) have seen decreases. IWY and EMXC added $526.63 million and $308.32 million in AUM respectively, while IGV and SPTS lost $390 million and $317.84 million respectively.

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:28 am

BIL

GLD

HYG

SPY

A screening of large-cap ETFs revealed that SPDR S&P 500 ETF Trust (SPY) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) had the largest positive returns, adding $502.21 million and $490.03 million in net assets respectively. On the other hand, iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and SPDR Gold Shares (GLD) lost $1.01 billion and $871.39 million in net assets respectively. Despite a 3% increase in the spot price of gold, GLD lost close to a billion in AUM.

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:27 am

GDX

GLD

TLT

XLY

Large-cap ETFs have seen significant changes in net assets over the past week. Winners include VanEck Gold Miners ETF (GDX) and SPDR Gold Shares (GLD), both of which have seen increases due to the rise in gold prices. Losers include Consumer Discretionary Select Sector SPDR Fund (XLY) and iShares 20+ Year Treasury Bond ETF (TLT), both of which have seen decreases.

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:26 am

ASTI

Ascent Solar Technologies, Inc (NASDAQ:ASTI) shares are trading higher after the company received encouragement from the U.S. Department of Energy to submit a full application for federal funding of the Agrivoltaic Product Development Project. The company is working on agrivoltaic technologies that will benefit American farmers by enabling reliable and durable on-site solar power generation. The Biden-Harris Administration has shown commitment to spurring agrivoltaic adoption with a funding opportunity, which will award $45 million for projects to enable continued solar cost reductions.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 10:18 am

GEV

Shares of GE Vernova will be listed on the New York Stock Exchange under the ticker symbol 'GEV'. Meanwhile, GE Aerospace will continue GE's listing on the NYSE under the ticker symbol 'GE'.

Portfolio Pulse from Charles Gross

October 24, 2023 | 10:12 am

AWI

Armstrong World Industries has increased its FY23 adjusted EPS guidance from $4.85 - $5.05 to $5.05 - $5.15, which is above the estimated $4.92.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:12 am

General Electric (GE) has updated its FY23 adjusted EPS forecast to $2.55-$2.65, up from the previous range of $2.10-$2.30. This is also higher than the estimated $2.36.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:10 am