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BTCUSD

Crypto analyst Kevin Svenson predicts Bitcoin could reach its all-time high in less than half a year, citing the S&P 500's performance as an indicator. Svenson notes that historically, Bitcoin's peaks have followed the S&P 500's new highs, with a lag of several months. The S&P 500 is currently near its all-time high, suggesting Bitcoin may soon follow. Bitcoin is trading at $41,545.10, down by almost four percent over the past week.

Portfolio Pulse from Bibhu Pattnaik

January 20, 2024 | 5:00 pm

AMD

ARKB

BITO

Ark Invest, led by Cathie Wood, has purchased $44 million worth of ARKB, its own spot Bitcoin ETF, while selling $41.06 million of BITO, a ProShares Bitcoin Strategy ETF. ARKB directly invests in Bitcoin, differing from BITO which invests in Bitcoin futures. Ark also sold shares of AMD through its ARKW ETF, capitalizing on the stock's recent strength following bullish analyst price target updates.

Portfolio Pulse from Shanthi Rexaline

January 20, 2024 | 4:30 pm

AAPL

MASI

NFLX

Apple Inc. (AAPL) has surpassed Samsung in global smartphone shipments, according to IDC data. To avoid a U.S. ban due to a patent dispute with Masimo Corp. (MASI), Apple has disabled the blood oxygen feature in its latest watches. CEO Tim Cook showcased a behind-the-scenes look at the production of Apple's new 'spatial computing' device, the Vision Pro. Meanwhile, the Vision Pro's launch will not include a Netflix Inc. (NFLX) app, which could be a setback for Apple's content strategy.

Portfolio Pulse from Benzinga Neuro

January 20, 2024 | 4:02 pm

BTC-USD

DOGE-USD

SHIB-USD

This week in crypto saw Shiba Inu's whale transaction volume surge by 551.4%, despite a 4.3% dip in its price. Over $200 million in long crypto positions were liquidated, with Bitcoin and Ethereum taking significant hits. Donald Trump expressed opposition to Central Bank Digital Currencies (CBDCs), vowing to prevent their creation in the U.S. An analyst predicted Dogecoin could reach $5, a 6000% increase. Edward Snowden commented on JP Morgan CEO's changing Bitcoin stance after SEC approved a Bitcoin ETF.

Portfolio Pulse from Benzinga Neuro

January 20, 2024 | 3:53 pm

IDYA

Ideaya Biosciences (IDYA) has entered into an open market sales agreement with Jefferies to potentially sell shares of its common stock, aiming for aggregate gross proceeds of up to $350 million, as announced in an 8-K filing on January 19, 2024.

Portfolio Pulse from Charles Gross

January 20, 2024 | 3:10 pm

AMZN

PLUG

PYPL

QQQ

SPY

TSLA

UBER

The S&P 500, tracked by SPY, hit all-time highs, while the Nasdaq 100, tracked by QQQ, continued its upward trend. Uber and Tesla are partnering to promote EV adoption. Amazon secured sports streaming rights, boosting its Prime Video offerings. Dogecoin's price target is set at $5 by an analyst. Bitcoin faces uncertainty ahead of the halving event. Plug Power's equity offering may not entice investors. PayPal is expected to have a 'transition year' with range-bound stock prices.

Portfolio Pulse from Michael Cohen

January 20, 2024 | 2:26 pm

FSR

KARS

RIVN

TSLA

Electric vehicle stocks, including Tesla, Rivian, and Fisker, faced challenges this week with Tesla's price cuts and Elon Musk's demand for more control, Rivian's downgrade by Deutsche Bank, and Fisker's probe into braking issues. Tesla's price adjustments and Musk's comments may affect investor sentiment ahead of earnings, while Rivian's downgrade reflects concerns over future losses and production issues. Fisker is cooperating with a federal probe into braking issues but asserts its systems meet requirements. The KraneShares Electric Vehicles ETF also saw a decline.

Portfolio Pulse from Shanthi Rexaline

January 20, 2024 | 2:04 pm

AAPL

GOOG

GOOGL

NFLX

SPOT

Jim Cramer expressed skepticism about the mass market appeal of Apple Inc.'s new Apple Vision Pro due to its high price point, starting at $3,499. He compared it to a much cheaper 60-inch TV available at Walmart for $289, suggesting that the cost of the Vision Pro is prohibitive for many consumers. Cramer also mentioned that popular apps like Netflix, Spotify, and YouTube are not available on the Vision Pro, although he predicts YouTube will eventually be accessible. Apple is making a significant sales push for the product, including a behind-the-scenes video by CEO Tim Cook.

Portfolio Pulse from Rounak Jain

January 20, 2024 | 9:08 am

ARKB

ARKW

BTCUSD

Cathie Wood, CEO of Ark Invest, highlighted Bitcoin's security by noting it is backed by the world's largest computer network, larger than those of Amazon, Microsoft, and Google combined. Elon Musk responded with 'Wow' to this analysis. Michael Saylor of MicroStrategy also supported Bitcoin's technological significance. Wood criticized JPMorgan CEO Jamie Dimon's skepticism towards Bitcoin. Ark Next Generation Internet ETF (ARKW) has invested 1% of its funds in the Ark 21 Shares Bitcoin ETF (ARKB). Bitcoin's price was up 1.10% at $41,546.

Portfolio Pulse from Rounak Jain

January 20, 2024 | 9:03 am

TSLA

Gary Black, a Tesla Inc (NASDAQ:TSLA) investor, criticized the company's strategy of cutting prices to boost sales, expressing disappointment in CEO Elon Musk's decision-making. Black argues that price cuts are not rational if competitors match them, leading to no volume benefit for Tesla. Despite a 102% rise in Tesla's stock price over the past year, Black points out that the stock slumped 65% in 2022 when the company began offering discounts. He also notes that Tesla's stock underperformed the Nasdaq 100 index over two years.

Portfolio Pulse from Anan Ashraf

January 20, 2024 | 6:20 am