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CYBR

PFPT

A hacker claims to have stolen personal genetic data from millions of 23andMe Holding Co. (NASDAQ:ME) customer accounts, sparking concerns over privacy and security. The company confirmed unauthorized access to individual accounts enrolled in the DNA Relative feature. As the investigation continues, stocks related to cybersecurity and data privacy, such as CyberArk Software Ltd. (NASDAQ:CYBR) and Proofpoint, Inc. (NASDAQ:PFPT) could experience volatility.

Portfolio Pulse from Nabaparna Bhattacharya

October 07, 2023 | 7:07 pm

CVX

HAL

SLB

VLO

XOM

OPEC has reportedly raised its medium- and long-term oil demand outlook, contrasting with the International Energy Agency's (IEA) less optimistic view. This has led to significant market reactions. Five oil stocks to watch include Exxon Mobil Corporation (XOM), Chevron Corporation (CVX), Schlumberger N.V. (SLB), Halliburton Company (HAL), and Valero Energy Corporation (VLO). All these stocks have seen gains in the past year and recent price target increases by analysts.

Portfolio Pulse from Nabaparna Bhattacharya

October 07, 2023 | 6:40 pm

WMT

Walmart Inc. (NYSE:WMT) is facing allegations of market power abuse and monopolistic practices in Mexico, following a three-year investigation by Mexico's antitrust authority. The company's local subsidiary, Walmart de Mexico, is accused of imposing stringent conditions on small businesses. If proven, the company could face fines up to 8% of Walmart de Mexico's revenues, which were $33.8 billion last year. Walmart has 45 days to present its defense. The company's shares closed lower by 1.68% to $156.41 on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

October 07, 2023 | 5:11 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) could benefit from the free promotion of Taylor Swift's upcoming concert film during NFL games. The film is set to release on October 13 and has already set records for demand. AMC has reported over $100 million in advance ticket sales. The free publicity from NFL, one of the most-watched leagues worldwide, could boost the film's demand and potential revenue for AMC even further.

Portfolio Pulse from Chris Katje

October 07, 2023 | 3:17 pm

EIS

SPY

USO

CNN reports that Hamas has taken hostages and prisoners of war, according to an Israel Defense Forces spokesperson. The news may have implications for ETFs such as EIS, SPY, and USO.

Portfolio Pulse from Charles Gross

October 07, 2023 | 3:15 pm

EIS

SPY

USO

At least 70 people have been reported dead following a Hamas attack on Israel, according to CNN. The news may have implications for certain ETFs.

Portfolio Pulse from Charles Gross

October 07, 2023 | 3:13 pm

AAPL

DIS

MSFT

RIVN

SHIBUSD

TSLA

The S&P 500 gained 0.5%, the Dow dipped by 0.3%, and the Nasdaq rose by 1.6% over the past week. The 10-year Treasury yield surged to a 16-year high of 4.75%. Bullish sentiments were expressed for Tesla Inc (TSLA), Microsoft Corporation (MSFT), and Shiba Inu (SHIBUSD). Bearish sentiments were expressed for Apple Inc. (AAPL), The Walt Disney Company (DIS), and Rivian Automotive Inc (RIVN).

Portfolio Pulse from Michael Cohen

October 07, 2023 | 3:00 pm

FFIE

KARS

LCID

RIVN

TSLA

The week ending Oct. 6 saw a downturn in electric vehicle (EV) stocks, with Tesla reporting lower than expected Q3 deliveries but affirming its full-year goal. Tesla also announced price cuts for its Model Y and Model 3 EVs. Rivian's stock fell by 23% following its announcement of a $1.5 billion green note offering. Lucid launched a cheaper version of its Air sedan. Ford reported higher Q3 EV sales than General Motors. Faraday Future announced plans to deliver another premium EV. The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.92%.

Portfolio Pulse from Shanthi Rexaline

October 07, 2023 | 2:56 pm

BRK

BTCUSD

Charlie Munger, vice chairman of Berkshire Hathaway, criticized the hype around AI and cryptocurrencies at a recent conference. He labeled Bitcoin as the 'stupidest investment' and predicted most cryptocurrencies would lose their value completely. His views echo those of Warren Buffett and other industry leaders like JPMorgan CEO Jamie Dimon.

Portfolio Pulse from Ananya Gairola

October 07, 2023 | 12:14 pm

AVAXUSD

BTCUSD

ETHUSD

SOLUSD

Bitcoin is struggling with the $28,000 resistance level, but analysts suggest its appeal as an 'unrelated asset' may lead to increased prices. Ethereum, the second largest cryptocurrency, broke its losing streak against Bitcoin, growing nearly 2% on the day. Major altcoins Avalanche and Solana led the market rebound, with gains of 6% and 3.8%, respectively. Bitcoin's recent stability could indicate its evolution towards a 'digital gold' narrative, potentially attracting more institutional inflows seeking uncorrelated assets.

Portfolio Pulse from Benzinga Neuro

October 07, 2023 | 4:25 am