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BCHUSD

BSVUSD

BTCUSD

ETHUSD

Bitcoin SV (BSV) has surged by 20% in the past week, outperforming Bitcoin (BTC) and Ethereum (ETH). The rally is driven by anticipation of a potential Bitcoin ETF approval by the SEC. The SEC's decision not to appeal the Grayscale lawsuit has also boosted optimism among crypto investors. BSV's price jumped following a false rumor that the SEC was expecting the iShares Bitcoin Trust. BSV originated from a hard fork of the Bitcoin Cash (BCH) blockchain in 2018.

Portfolio Pulse from Mehab Qureshi

October 18, 2023 | 5:11 am

BYDDF

Chinese automaker BYD Co. (OTC:BYDDF), backed by Warren Buffett, expects a minimum 67% rise in its Q3 profit due to record electric vehicle sales. The company predicts a net profit of between $1.31 billion and $1.5 billion, a significant increase from $783 million reported in Q3 last year. BYD's total vehicle sales nearly doubled in the January-September period, with 2.08 million vehicles sold. BYD Electronic, a subsidiary, also anticipates a more than two-fold increase in its nine-month profit.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 3:54 am

BLK

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a mixed trade after a false rumor about the SEC approving BlackRock's spot bitcoin ETF application circulated. The rumor led to a decline in the cryptocurrency market. Binance is temporarily suspending new user registrations in the UK due to FCA regulations and is seeking a new FCA-authorized partner. Binance.US also announced the temporary suspension of direct dollar withdrawals for US customers. The global crypto market cap stands at $1.06 trillion, reflecting a 0.89% increase in the past 24 hours.

Portfolio Pulse from Mehab Qureshi

October 18, 2023 | 3:25 am

ARKK

CRSP

IONS

NRIX

TSLA

Ark Invest, led by Cathie Wood, sold over $6.5 million worth of Tesla Inc shares through its Ark Innovation ETF. This comes amid Tesla's rebound ahead of its Q3 results announcement. Ark has been selling Tesla shares since mid-June, despite remaining bullish about its prospects. Ark also made trades in CRISPR Therapeutics AG, Nurix Therapeutics Inc, and Ionis Pharmaceuticals Inc.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 1:52 am

BAC

LCID

MRNA

NVDA

UAL

NVIDIA, United Airlines, Moderna, Lucid, and Bank of America were the top stocks on investors' radar. NVIDIA saw a 3.24% loss due to the Biden administration's plans to halt the export of advanced AI chips to China. United Airlines gained 1.49% despite an uncertain Q4 outlook. Moderna shares fell by 6.10% due to Pfizer's warning about reduced COVID-19 product demand. Lucid shares slipped by 5.30% following its Q3 production and delivery totals announcement. Bank of America rose by 2.33% due to a 10% YoY net income growth in Q3 FY23.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 1:44 am

GDX

Economist Peter Schiff has warned of a 'trifecta of doom' due to a potential rise in bond yields, oil, and gold, indicating entrenched inflation and dwindling confidence in the Federal Reserve and the U.S.'s fiscal solvency. He also noted that the dollar could be the next to fall and that the stock market might be the last to react. On the same day, Schiff noted that Gold had shrugged off the day’s spike in bond yields to close nearly $3 higher. Gold mining stocks performed well on Tuesday with the VanEck Gold Miners ETF (NYSE:GDX) rising over 1.8%.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 1:19 am

CYA

EGPT

EPOL

RRH

The iShares MSCI Poland ETF (EPOL) and the VanEck Egypt Index ETF (EGPT) have seen positive returns over the past week, with EPOL up 11.07% and EGPT up 7.99%. On the other hand, the Simplify Tail Risk Strategy ETF (CYA) and the Advocate Rising Rate Hedge ETF (RRH) have seen negative returns, with CYA down 28.20% and RRH down 11.44% over the past week.

Portfolio Pulse from Johnny Rice

October 17, 2023 | 10:24 pm

TALS

Talaris Therapeutics, Inc. (TALS) has announced a 1-for-10 reverse stock split of its common stock. The reverse stock split will reduce the number of shares outstanding and is expected to increase the market price per share.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:51 pm

HWC

Hancock Whitney Corp (HWC) reported Q3 earnings with a decrease in earnings per share and sales compared to the same period last year. However, the company reported loan growth of $194 million, or 3% LQA. Despite missing analyst consensus estimates, HWC shares traded higher in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 17, 2023 | 9:48 pm

MEIP

MEI Pharma has filed a definitive consent revocation statement, advising its stockholders to disregard any consent solicitation materials from Anson and Cable Car.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:45 pm