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AAPL

Apple Inc.'s latest offering, the iPhone 15, has been the center of attention with tech moguls like Elon Musk expressing interest in purchasing the device. Verizon Communications Inc. is offering a generous trade-in discount of up to $1,000 for the new Apple iPhone 15 Pro. However, there have been reports of significant battery drain issues with the recent iOS 17 update and heating issues with the iPhone 15 Pro.

Portfolio Pulse from Benzinga Neuro

September 24, 2023 | 11:01 am

BTCUSD

DOGEUSD

ETHUSD

TRXUSD

Last week saw significant developments in the crypto world. Grayscale Investments filed for an Ethereum futures ETF following a court victory against the SEC. The Tron Network hit 1 billion USDT, with founder Justin Sun declaring Tron as the 'king of USDT'. Floki, a coin named after Elon Musk's dog, outperformed other top meme coins like Dogecoin and Shiba Inu. SkyBridge Capital founder, Anthony Scaramucci, expressed optimism for Bitcoin at the Messari Mainnet conference.

Portfolio Pulse from Benzinga Neuro

September 24, 2023 | 1:01 am

DIS

FUN

SEAS

SIX

Theme park operators including Walt Disney Co. (NYSE:DIS), Cedar Fair L.P. (NYSE:FUN), Six Flags Entertainment Corp. (NYSE:SIX), and SeaWorld Entertainment, Inc. (NYSE:SEAS) are hoping for a boost in attendance with Halloween and Oktoberfest events, following a challenging summer due to extreme weather. Despite these efforts, challenges remain such as the hurricane season and competition for leisure spending. The stocks of these companies have underperformed the S&P 500 Index this year.

Portfolio Pulse from Shanthi Rexaline

September 23, 2023 | 9:15 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is set to end its DVD subscription service this month, marking the end of an era that began in a warehouse near Disneyland. The DVD operations still serve around 1 million customers. The shift to streaming has rendered the DVD business obsolete, with DVD revenue for the first half of 2023 standing at $60 million, compared to the $6.5 billion from streaming in the U.S. alone. Netflix shares closed lower by 1.13% to $379.81 on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 8:48 pm

COTY

IPAR

LRLCF

ULTA

L'Oréal Co. (OTC:LRLCF) (OTC:LRLCY) is undergoing significant transformations under its CEO, Nicholas Hieronimus, who projects the beauty market to reach $426.8 billion by 2030. The company is integrating advanced technology and investing over $1 billion annually in beauty tech. L'Oréal is also committed to sustainability and plans to use 100% recycled plastic by 2030. Other beauty stocks with upward potential include Coty Inc. (NYSE:COTY), Ulta Beauty, Inc. (NASDAQ:ULTA), and Inter Parfums Inc (NASDAQ:IPAR).

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 8:20 pm

BONEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) saw a sharp spike early Saturday amid an increase in volume, staging an uneven recovery from its mid-June lows. The rally was accompanied by a spurt in volume, which is up roughly 35% over the past 24 hours. Shiba Inu and its sister tokens Bone ShibaSwap (CRYPTO: BONE) and Doge Killer (CRYPTO: LEASH) have not found much traction after the launch of Shibarium, an Ethereum layer 2 blockchain.

Portfolio Pulse from Shanthi Rexaline

September 23, 2023 | 5:00 pm

LCID

NKLA

TSLA

VFS

Electric vehicle (EV) stocks fell this week due to the Federal Reserve's hint at continuing its rate-tightening cycle. Tesla (TSLA) is rumored to pause Model Y production at its Giga Texas plant, causing concerns about Q3 deliveries. Lucid Group (LCID) received an operating license to begin production in Saudi Arabia. Nikola Corp. (NKLA) appointed Mary Chan as its new COO, causing the stock to spike by 38%. Toyota (TM) plans to triple EV production by 2025. VinFast Auto (VFS) plans to expand into Europe and India.

Portfolio Pulse from Shanthi Rexaline

September 23, 2023 | 4:53 pm

HOOD

PYPL

Robinhood (NYSE:HOOD) is undergoing significant internal changes, including layoffs and team reorganizations, as it shifts its focus towards the credit card sector. The company's monthly active users and transaction-based revenues have decreased, and its shares have declined nearly 8.2% over the last month. Robinhood recently acquired the no-fee credit card startup X1 for $95 million, a move seen as a strategy to reverse the declining trend.

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 3:59 pm

COIN

HOOD

The crypto wallet market, dominated by offline channels for security reasons, is expected to grow from $8.24 billion in 2022 to around $46.72 billion by 2030, with a CAGR of approximately 24.2%. U.S.-based companies Coinbase (NASDAQ:COIN) and Robinhood Markets (NASDAQ:HOOD) have contributed to this surge by offering wallets to facilitate crypto investment. A recent survey by Nerd Wallet highlighted the top crypto wallets of 2023, including MetaMask, which saw a 31% growth in traffic in 2023. Regulatory challenges persist, with U.S. Senator Elizabeth Warren’s bipartisan crypto anti-money laundering bill gaining support.

Portfolio Pulse from Khyathi Dalal

September 23, 2023 | 3:31 pm

BTCUSD

BUD

CART

PLTR

TSLA

The past week saw the third consecutive week of losses for the Nasdaq Composite and the S&P 500. The Federal Open Market Committee decided to maintain interest rates at between 5.25% and 5.5%. Analyst Daniel Ives expressed confidence in Palantir Technologies securing a significant portion of the global AI market. Tesla and non-union foreign automakers stand to gain from the ongoing UAW strike affecting General Motors, Ford Motor, and Stellantis NV. Anthony Scaramucci expressed a bullish stance on Bitcoin. Anheuser-Busch InBev faces increased competition as Molson Coors Beverage Company and other brands capitalize on advertising opportunities. Instacart experienced a 40% stock jump on its debut, but Josh Brown advises investors to sell early for profit. Gordon L. Johnson II issued a sell rating on Tesla, citing concerns over demand issues, decreasing average selling prices and potential margin declines.

Portfolio Pulse from Michael Cohen

September 23, 2023 | 2:17 pm