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BOWL

CASY

ORCL

SMTC

TNON

Oracle Corporation, Tenon Medical, Bowlero Corp., Semtech Corporation, and Casey's General Stores are the stocks to watch heading into Monday. Oracle and Casey's are expected to report their quarterly earnings after the closing bell. Tenon Medical announced a proposed public offering of common stock. Bowlero is expected to release its earnings before the markets open. Semtech named Mark Lin as its new Executive Vice President and CFO.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 7:12 am

CART

Online grocery delivery company, Instacart, is targeting a valuation between $8.6 billion to $9.3 billion in its upcoming IPO, a significant decrease from its previous worth. The shares are expected to start trading on the Nasdaq exchange under the ticker 'CART'. The IPO valuation is a stark contrast to the nearly $39 billion Instacart secured in a 2021 fundraising round, reflecting a broader trend of falling valuations for high-growth startups.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 7:00 am

BOWL

CASY

DOCU

ORCL

The CNN Money Fear and Greed index showed a slight improvement in investor sentiment on Friday, despite losses in the stock market last week due to concerns over potential interest rate hikes by the US Federal Reserve. DocuSign (DOCU) shares fell 3.7% after Q2 earnings beat and strong guidance, while Kroger (KR) shares gained over 3% following upbeat quarterly earnings and an opioid settlement agreement. Investors are awaiting earnings results from Casey's General Stores (CASY), Bowlero Corp. (BOWL), and Oracle Corporation (ORCL).

Portfolio Pulse from Lisa Levin

September 11, 2023 | 6:40 am

TSLA

VWAGY

Tesla CEO Elon Musk has predicted that legacy automakers like Volkswagen and General Motors could become obsolete unless they transition to autonomous electric vehicles. Musk has previously noted the slow pace of EV adoption by these companies.

Portfolio Pulse from Anan Ashraf

September 11, 2023 | 4:39 am

BTCUSD

A Bitcoin user paid a record transaction fee of 19 BTC, equivalent to $509,563. The address involved in the transaction is likely a withdraw-only hot wallet tied to an enterprise. The current average Bitcoin transaction fee is around $1.41, but can vary due to network congestion. At the time of writing, BTC was trading at $25,737, down 0.42% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 11, 2023 | 4:32 am

BTCUSD

COIN

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline as investors await the SEC's ruling on the introduction of a spot Bitcoin ETF in the US. Coinbase revealed its strategic plans for international expansion, focusing on obtaining licenses in key financial jurisdictions. The Grayscale Ethereum Trust (ETHE) discount to net asset value (NAV) has reached its narrowest point in a year due to the recent regulatory filing for the first spot Ether ETF. Analysts predict a range-bound market for cryptocurrencies in the short term.

Portfolio Pulse from Mehab Qureshi

September 11, 2023 | 2:30 am

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to increase the price of its premium iPhones in select markets, according to Bloomberg's Mark Gurman. The company's strategy to boost iPhone revenue by going upscale has been successful, with revenue growing about $70 billion despite unit sales remaining stagnant for the past seven years. Gurman expects the price hike to be due to more expensive components like titanium frames, new camera sensors, and additional storage. Apple is also expected to differentiate its iPhone 15 Pro models from the standard models with better features.

Portfolio Pulse from Shanthi Rexaline

September 11, 2023 | 1:38 am

DWAC

Former President Donald Trump criticized the Wall Street Journal and Fox News on Truth Social, a platform owned by Trump Media & Technology Group (TMTG). TMTG is set to go public by merging with Digital World Acquisition Corp (NASDAQ:DWAC). Trump challenged several figures, including President Joe Biden and Rupert Murdoch, to a mental acuity test, expressing discontent with a recent Wall Street Journal poll on perceived cognitive issues with Biden.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 1:16 am

MSOS

The U.S. cannabis sector has been under pressure with low volume and sentiment. However, the sector saw a significant development when the Department of Health and Human Services (HHS) recommended moving marijuana to a Schedule III designation, which would lower the effective tax rate for U.S. plant-touching companies from 70%+ to a normal rate. This could potentially lead to a 2-3x turn for U.S. cannabis plant-touching securities. The U.S. cannabis ETF (MSOS) has been under pressure, but the potential regulatory changes could have a positive impact.

Portfolio Pulse from Todd Harrison

September 10, 2023 | 9:58 pm

VTRO

Vitro Biopharma, Inc (NASDAQ:VTRO) is set to become publicly listed on Sept. 13, 2023, with a price range set between $5.00 and $6.00. The company will be offering 1,818,000 shares at a per-share value of $5.50. The IPO comes with a 180-day lockup period.

Portfolio Pulse from Benzinga Insights

September 10, 2023 | 8:32 pm