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BTCUSD

ETHUSD

Veteran trader Peter Brandt has asked macro guru Raoul Pal if Bitcoin (BTC) is heading for a rally. Brandt pointed out several indicators that suggest a potential rally, including the lowest Average Directional Index (ADX) reading since July 2020, indicating a decrease in trend strength and volatility. He also mentioned the possibility of a second retest of the underlying Head and Shoulders (H&S) bottom formation. Pal agreed with Brandt's observations. This comes as Valkyrie Investments received approval from the SEC for an ETF that allows investors to speculate on the future price of Ethereum (ETH).

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 5:13 am

BBJP

DXJ

EWJ

Japan's preliminary industrial production for August remained flat at 0.0%, compared to an estimated -0.8% and a prior figure of -1.8%.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:17 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (YoY) for September was reported at 2.5%, lower than the estimated 2.6% and the prior 2.8%.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:17 am

ETHUSD

Valkyrie Investments has secured approval from the SEC for the first-ever ETF featuring Ethereum futures. This news led to a surge in Ethereum prices, resulting in the liquidation of over $11 million worth of Ethereum short positions within the past 24 hours. The total value of liquidations during this period amounted to $13.78 million, with Ethereum shorts comprising the majority.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 3:16 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw a surge in value following the news that investment manager Valkyrie Funds LLC has received regulatory approval from the SEC to introduce Ethereum futures to its existing Bitcoin futures ETF. The Valkyrie Bitcoin and Ether Strategy ETF is scheduled to launch on October 2. The global crypto market capitalization stands at $1.05 trillion, a 0.80% increase in the last day. Stocks rebounded on Thursday as Wall Street aimed to recover from significant losses seen earlier this month.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 2:25 am

ARKW

BEAM

DKNG

MKFG

NET

Ark Invest, led by Cathie Wood, sold 61,638 shares of DraftKings Inc (NASDAQ:DKNG), reducing its stake in ARK Next Generation Internet ETF (NYSE:ARKW) by 0.1461%. The transaction was valued at $1.8 million. Ark Invest also bought shares in Cloudflare Inc (NYSE:NET), BEAM Therapeutics Inc (NASDAQ:BEAM), and Markforged Holding Corp (NYSE:MKFG), increasing its stakes in ARKW, ARK Innovation ETF (NYSE:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), and ARK Space Exploration & Innovation ETF (BATS:ARKX) respectively.

Portfolio Pulse from Benzinga Neuro

September 29, 2023 | 2:19 am

ATVI

CCL

MDGL

NKE

TSLA

U.S. stocks traded higher with the Dow Jones gaining over 110 points on Thursday. Among the top stocks that gained the attention of retail traders and investors were Nike, Carnival Corporation, Activision Blizzard, Madrigal Pharmaceuticals, and Tesla. Nike reported a 2% increase in fiscal first-quarter revenue, missing estimates, but EPS beat expectations. Carnival is set to report third-quarter earnings, with expectations of 75 cents per share and revenue of $6.69 billion. Activision faced regulatory hurdles in the U.K. Madrigal announced a $500 million public offering of its common stock. Tesla's shares traded higher, bolstered by Morgan Stanley maintaining an Overweight rating and a $400 target on the stock.

Portfolio Pulse from Benzinga Neuro

September 29, 2023 | 1:47 am

CMG

GOOG

NFLX

QSR

Pershing Capital's founder, Bill Ackman, confirmed investments in Alphabet Inc (NASDAQ:GOOG) and expressed his belief in Google's potential in AI technology. Ackman also mentioned losses on Netflix Inc (NASDAQ:NFLX). According to recent filings, Chipotle Mexican Grill (NYSE:CMG) and Restaurant Brands International Inc (NYSE:QSR) are the fund's two largest holdings, indicating recent purchases of Google shares. Google's stock rose by about .7% after Ackman's comments.

Portfolio Pulse from Aaron Bry

September 28, 2023 | 9:42 pm

GNLN

UGRO

Ancillary companies in the cannabis industry are gaining attention due to their ability to list on US exchanges and access banking services. These companies, which do not directly touch the cannabis plant, are seen as a good investment opportunity. Key figures in the sector, including Gary Santo of Meridius Capital Advisors and Craig Snyder, CEO of Greenlane Holdings (NASDAQ:GNLN), highlighted the importance of customer success, trust, and collaboration in the industry. Bradley Natrass, CEO of Urban-gro, Inc (NASDAQ:UGRO), emphasized the importance of trust and transparency in business relationships.

Portfolio Pulse from Franca Quarneti

September 28, 2023 | 9:38 pm

NKE

During a conference call, a Nike executive stated that they continue to expect reported revenue to grow in the mid-single digits for the full year. They are also cautiously planning for modest markdown improvements for the rest of the year, given the promotional environment.

Portfolio Pulse from Charles Gross

September 28, 2023 | 9:37 pm