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EDEN

EIS

SPY

USO

U.S. Central Command reported that the Maersk Hangzhou was under attack by Houthi boats. U.S. Navy helicopters intervened, sinking three of the four attacking boats.

Portfolio Pulse from Charles Gross

December 31, 2023 | 3:03 pm

Li Auto Inc. has announced the expected launch of its flagship family MPV, Li MEGA, on March 1, 2024, with deliveries starting in early March 2024. Li Auto is a key player in China's new energy vehicle market.

Portfolio Pulse from Charles Gross

December 31, 2023 | 1:46 pm

NOK

Nokia Corporation (NYSE:NOK) announced it will not meet its 2023 sales outlook due to extended licensing renewal discussions expected to continue into 2024. Despite favorable court rulings, Nokia is focusing on protecting its patent portfolio's value over quick resolutions. The company anticipates falling short of its financial targets for 2023, impacting net sales, comparable operating margin, and free cash flow. Nokia will report its Q4 and full-year 2023 financial results on January 25, 2024. The Networks businesses are seeing improved order trends, especially in Network Infrastructure, despite a challenging quarter.

Portfolio Pulse from Nabaparna Bhattacharya

December 30, 2023 | 8:55 pm

BTCUSD

Bitcoin has seen a significant surge in 2023, reaching $44,000 with a 150% increase in value. High-profile individuals and Bitcoin enthusiasts, forming the 'million dollar club,' predict Bitcoin could hit $1 million. Ark Invest CEO Cathie Wood sees potential for Bitcoin to reach this milestone by 2030. Robert Kiyosaki and Balaji Srinivasan also made similar predictions, with Srinivasan losing a bet on Bitcoin hitting $1 million by June 17. Samson Mow linked Bitcoin reaching $1 million to the approval of a spot BTC ETF. Michael Saylor of MicroStrategy and Matrixport expect significant increases in Bitcoin's value, while Gracy Chen of Bitget remains skeptical of the $1 million target but considers $100,000 feasible.

Portfolio Pulse from Mehab Qureshi

December 30, 2023 | 8:15 pm

SPY

VTI

Tom Lee of Fundstrat predicts a significant rise in the S&P 500, with a target of 5,200 by the end of 2024, despite anticipating a downturn of about 5% in February or March. He cites the market's overestimation of interest rate cuts, potential AI development disruptions, the need for market stabilization, and typical early-year election cycle downturns as factors for the early-year pullback. Fundstrat views any dips as buying opportunities, with substantial cash reserves expected to cushion the market. ETFs like SPDR S&P 500 ETF Trust (SPY) and Vanguard Total Stock Market ETF (VTI) could be impacted by these market dynamics.

Portfolio Pulse from Bibhu Pattnaik

December 30, 2023 | 8:12 pm

KARS

RIVN

TSLA

In 2023, the EV industry faced production and demand challenges, with Tesla, Inc. (TSLA) doubling its stock value after aggressive price cuts. Rivian Automotive, Inc. (RIVN) also ended the year positively, maintaining production forecasts and managing costs. Global EV adoption slowed due to affordability and infrastructure issues. Tesla's North American Charging Standard gained significant adoption from other automakers. Legacy automakers scaled back EV plans due to strikes and demand slowdown. Analyst Gary Black views Tesla as the only investable EV company, with BYD and Rivian as potential winners. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) fell 7.85% for the year.

Portfolio Pulse from Shanthi Rexaline

December 30, 2023 | 3:28 pm

AGG

BND

JNK

The bond market experienced a rally in 2023, but analysts warn of potential over-optimism for 2024. The 10-year U.S. Treasury note yield has seen significant fluctuations, with a recent retreat from over 5%. Investors are considering a 'soft landing' scenario, but challenges like the fiscal deficit and corporate debt refinancing remain. Diverse views from experts at Allspring Global Investments, Sierra Mutual Funds, BlackRock, Manulife Investment Management, and Apollo Global Management highlight the uncertainty. Three ETFs, AGG, BND, and JNK, are suggested for investors interested in the bond market.

Portfolio Pulse from Bibhu Pattnaik

December 30, 2023 | 3:18 pm

AVAX-USD

BTC-USD

DOGE-USD

ETH-USD

SHIB-USD

SOL-USD

Influencers are expressing optimism for the cryptocurrency market in 2024, with expectations of significant developments such as the launch of Shibarium, a Bitcoin ETF, and growth in altcoins. Social media personalities with large followings are predicting that 2024 will be a pivotal year for crypto, with potential for high returns and market expansion. The global crypto market cap is $1.65 trillion, with Bitcoin and Ethereum seeing substantial gains year-to-date. The decision on the spot Bitcoin ETF approval is anticipated between Jan. 5 and Jan. 10, 2024, with firms like BlackRock, Fidelity, and WisdomTree involved.

Portfolio Pulse from Khyathi Dalal

December 30, 2023 | 2:02 pm

NVDA

Nvidia CEO Jensen Huang's net worth soared to $44 billion in 2023, surpassing Warren Buffett and Bernard Arnault, due to a 246% surge in Nvidia stock. Huang owns a 3.5% stake in Nvidia, with his shares now valued at about $43 billion. Nvidia's Q3 earnings were $4.02 per share, beating estimates and showing significant year-over-year and sequential growth. Revenue also exceeded forecasts, and the company is targeting $20 billion in Q4 revenue. The stock rise is attributed to optimism about Nvidia's role in AI.

Portfolio Pulse from Anan Ashraf

December 30, 2023 | 9:16 am

AMZN

CMCSA

DIS

NFLX

PARA

WBD

Netflix, Disney, and other streaming services are preparing to make a significant advertising push at CES. Netflix will promote its new series '3 Body Problem' and has appointed Amy Reinhard as advertising president. Disney, with executive Rita Ferro, will showcase its Tech and Data at CES and is developing a unified Disney+ Hulu app. Amazon will introduce ads on Prime Video with an option to avoid them for an additional fee. The push comes as streaming services face financial pressures, with competitors incurring over $5 billion in losses.

Portfolio Pulse from Rounak Jain

December 30, 2023 | 7:51 am