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BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw an uptick following a statement from the U.S. Securities and Exchange Commission Chair Gary Gensler. Gensler reiterated that Bitcoin is not a security and expressed concerns about how cryptocurrency companies handle customer funds. Analysts predict that Bitcoin will soar and surpass crucial levels if it reaches $26,500, and an up-season will resume once Bitcoin drops down to $20,000.

Portfolio Pulse from Mehab Qureshi

September 28, 2023 | 2:56 am

AAPL

DIA

GOOGL

MSFT

QQQ

SPY

TSLA

Over the past five years, major U.S. indices have provided respectable returns, with SPDR S&P 500 ETF (SPY), Invesco QQQ Trust Series 1 (QQQ), and SPDR Dow Jones Industrial Average ETF Trust (DIA) returning 46.5%, 91.1%, and 26.9% respectively. However, popular cryptocurrencies and tech stocks have outperformed these indices. If $100 was invested in Bitcoin, Ethereum, Apple, Microsoft, Tesla, and Alphabet in 2018, the returns today would be $402.44, $717.12, $301.97, $273.49, $1,290.26, and $216.30 respectively.

Portfolio Pulse from Henry Khederian

September 28, 2023 | 2:53 am

COST

Costco Wholesale Corporation (NASDAQ:COST) has successfully ventured into the gold market, with its 1-ounce gold PAMP Suisse Lady Fortuna Veriscan bars selling out within hours of availability. The move comes amid economic uncertainties and a surge in gold value. This follows Costco's successful fiscal fourth quarter, where net sales increased 9.4% YoY to $77.43 billion, beating consensus estimates.

Portfolio Pulse from Benzinga Neuro

September 28, 2023 | 2:34 am

STLA

The United Auto Workers (UAW) union is threatening to expand its strike against Detroit carmakers, including General Motors (GM), Ford Motor Co (F), and Stellantis (STLA), if negotiations for new four-year contracts do not progress. The strike has already affected 38 parts-distribution centers owned by GM and Stellantis. To cope with the strike, GM and Stellantis have asked white-collar workers to handle parts shipments. The strike could disrupt service departments by delaying routine maintenance and repair work due to parts shortages.

Portfolio Pulse from Ramakrishnan M

September 28, 2023 | 1:50 am

DKNG

MGM

The Miami Dolphins' strong start to the 2023 NFL season has led to increased betting odds in their favor. The team's quarterback, Tua Tagovailoa, is currently the betting favorite to win the NFL MVP for the season. DraftKings Inc (NASDAQ:DKNG) and MGM Resorts International (NYSE:MGM) have seen significant bets placed on the Dolphins' success.

Portfolio Pulse from Chris Katje

September 27, 2023 | 11:01 pm

CBSTF

MSOS

Jesse Channon, a representative of The Cannabist Company, has commented on the challenging nature of the Florida market. The article was shared with Benzinga subscribers.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:04 pm

FOX

FOXA

RUM

The second Republican primary debate will air on Fox Business, a unit of Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA), and will also stream on Rumble Inc (NASDAQ:RUM). A poll from Morning Consult showed that Republican voters may care less about watching the debates with frontrunner Trump not participating. The key topics voters want to hear about at the second debate are the economy and immigration.

Portfolio Pulse from Chris Katje

September 27, 2023 | 9:42 pm

VSME

VS Media Holdings Limited, a Hong Kong-based company managing a global network of digital creators, has priced its IPO at $5.00 per share. The shares are expected to start trading on The Nasdaq Capital Market under the ticker symbol 'VSME'.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 9:35 pm

AKA

BDL

BRLT

CAKE

CLEU

CTNT

DXYN

EZGO

PIK

PTON

SGHC

Several consumer discretionary stocks experienced significant movement in Wednesday's after-market session. Notable gainers included Peloton Interactive (PTON), Dixie Gr (DXYN), PARTS iD (ID), China Liberal Education (CLEU), Flanigan'S Enterprises (BDL), and a.k.a. Brands Holding (AKA). On the other hand, EZGO Technologies (EZGO), Super Group (SGHC), Brilliant Earth Group (BRLT), Cheesecake Factory (CAKE), Kidpik (PIK), and Cheetah Net Supply Chain (CTNT) saw their stocks decline.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 9:31 pm

AVGR

GRTS

ICU

MGRM

Healthcare stocks showed significant movement in Wednesday's after-market session. Gritstone Bio, Avinger, BioSig Technologies, Aytu BioPharma, Omeros, and CASI Pharmaceuticals saw increases, with Gritstone Bio leading with a 37% rise. SeaStar Medical Holding, Monogram Orthopaedics, INVO Bioscience, Avalo Therapeutics, Femasys, and Impel Pharmaceuticals experienced decreases, with SeaStar Medical Holding falling by 10%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 9:31 pm