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ETHUSD

USDCUSD

Ethereum co-founder Vitalik Buterin has transferred approximately $14.9 million worth of USD Coin (USDC) to cryptocurrency exchange Gemini. This follows a $500,000 transfer to Coinbase just three days prior. In September, the total transferred amount from Buterin’s wallets surpassed $3.9 million. The transactions have raised eyebrows among blockchain analysts.

Portfolio Pulse from Mehab Qureshi

October 17, 2023 | 6:57 am

GS

Goldman Sachs (GS) is expected to report lower Q3 earnings at $5.31 per share, down from $8.25 per share a year ago. The company's revenue might come in at $11.14 billion, compared to $11.97 billion in the year-ago period. Several analysts have recently adjusted their price targets for GS, with changes ranging from a decrease to $380 to an increase to $411.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 6:54 am

F

TSLA

Ford Motor Co. has reportedly reduced its production capacity for the F-150 Lightning electric pickup truck due to sluggish sales, leading to the elimination of 700 jobs. The company also introduced discounts on certain F-150 Lightning variants. This development could potentially affect Tesla, Inc., which is about to launch its own electric pickup truck, the Cybertruck.

Portfolio Pulse from Shanthi Rexaline

October 17, 2023 | 6:42 am

FEAM

5E Advanced Materials has successfully completed step-rate testing, moving closer to launching its mining operations. The company's stock, FEAM, may be impacted by this development.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:41 am

EPAC

Enerpac Tool has provided its fiscal 2024 guidance, expecting net sales to range between $590M-$605M and adjusted EBITDA between $142M-$152M. The company anticipates a core growth of 2-4% and free cash flow of $60M-$70M. The guidance reflects caution due to macroeconomic uncertainties but confidence in Enerpac's growth strategy.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:07 am

BTCUSD

MCD

McDonald's Corp (MCD) has been drawn into the Israel-Hamas conflict as its Middle East franchisees express support for either side through social media. McDonald's Israel announced plans to provide free meals to the Israel Defense Forces, while McDonald's Oman pledged $100,000 towards relief efforts in Gaza. American broadcaster Max Keiser linked the conflict to the use of fiat money and gold, suggesting Bitcoin (BTC) as a solution.

Portfolio Pulse from Mehab Qureshi

October 17, 2023 | 5:09 am

CART

Instacart's (NASDAQ:CART) stock, which has been underperforming, is now attracting positive attention from Wall Street analysts. Doug Anmuth from J.P. Morgan rated the stock as Overweight, essentially a Buy rating, citing the company's attractive valuation and potential growth in the online grocery sector. Despite a slight loss, J.P. Morgan projects the stock to reach $33 by December next year. Other analysts from Citi and Oppenheimer also gave a Buy call for Instacart’s stock.

Portfolio Pulse from Benzinga Neuro

October 17, 2023 | 4:36 am

BLK

BTCUSD

BlackRock Inc's CEO, Larry Fink, responded to a false report that claimed the company's application for an iShares Bitcoin Trust ETF had been approved by the SEC. The hoax led to a 10% increase in Bitcoin's price. Despite the rumor being debunked, Bitcoin's price had surged to nearly $30,000, its highest point since July.

Portfolio Pulse from Mehab Qureshi

October 17, 2023 | 4:10 am

NFLX

UBS analyst John Hodulik has revised his target price for Netflix Inc. (NASDAQ:NFLX) from $525 to $500, maintaining a Buy rating. Hodulik expects Netflix's growth to accelerate next year due to benefits from the clampdown on password sharing and the introduction of ad-supported streaming. Despite a 21% increase in the stock’s value this year, it has seen a significant drop from over $450 in July due to investors’ disappointment over cautious remarks on margins and subscriber growth.

Portfolio Pulse from Benzinga Neuro

October 17, 2023 | 3:41 am

AAPL

AMZN

GOOGL

META

Rep. Jim Jordan's potential win in the upcoming House Speaker vote could delay major tech antitrust legislation, benefiting tech giants like Google, Amazon, and Apple. Jordan has opposed bipartisan efforts to use antitrust legislation to break up tech companies. If elected, this could bring relief to these tech companies who have been under scrutiny for potential illegal monopolies.

Portfolio Pulse from Benzinga Neuro

October 17, 2023 | 3:32 am