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AAPL

TSLA

Elon Musk expressed interest in trying Apple's Vision Pro headset after initially mocking mixed reality headsets on social media. The Apple Vision Pro, priced at $3,499, is set to launch on February 2 and is expected to eventually account for 10% of Apple's revenue, according to Gene Munster of Deepwater Asset Management. Despite the high price, there is significant anticipation for the product among tech enthusiasts and investors.

Portfolio Pulse from Ananya Gairola

January 22, 2024 | 3:33 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw declines as Google search interest for 'Bitcoin ETF' dropped significantly. Bitcoin ETF interest peaked on January 10 but fell to less than 8 by January 22. The global cryptocurrency market cap decreased by 3.45% to $1.62 trillion. Stock futures were stable, with minimal movement on Sunday evening. Analysts predict a consolidative period for cryptocurrencies, with potential for the total market cap to push towards $2.1 trillion through altcoins. Bitcoin may drop below $40,000 before the April halving, but recent bullish signals suggest a possible rebound.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 3:00 am

TSLA

Tesla Inc (NASDAQ:TSLA) has begun distributing version 12 of its full self-driving (FSD) software to non-employee drivers, despite CEO Elon Musk's previous statement that v12 would not be beta and would make Tesla vehicles fully autonomous. The rollout to non-employees comes after the software was initially released to employees about two months ago. Contrary to Musk's earlier claims, the update is still labeled 'Beta', indicating that the software still requires active driver supervision and is not yet fully autonomous.

Portfolio Pulse from Anan Ashraf

January 22, 2024 | 2:54 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Richard Bernstein Advisors (RBA) suggests a 'once-in-a-generation' investment opportunity is approaching due to a potential shift in the stock market. RBA's Deputy CIO, Dan Suzuki, warns of a bear market for large-cap tech stocks, with a deceleration in corporate earnings expected for major tech companies. Only three of the 'Magnificent Seven' tech stocks are projected to have over 25% earnings growth in 2024. Meanwhile, sectors like small caps, industrials, energy, and emerging markets could see earnings acceleration. Extreme valuations and investor concentration in mega-cap tech firms may lead to a market shift away from these stocks.

Portfolio Pulse from Benzinga Neuro

January 22, 2024 | 2:45 am

AAPL

MASI

Apple Inc. has stopped selling smartwatches with blood oxygen tracking in the U.S. following a federal appeals court's denial to halt an ITC ban due to a patent dispute with Masimo Corp. This could impact Apple's planned health features, including sleep apnea detection expected in 2024. Masimo's CEO criticized Apple's blood oxygen feature as unreliable.

Portfolio Pulse from Ananya Gairola

January 22, 2024 | 1:50 am

Macy's, Inc. (NYSE:M) received an unsolicited proposal from Arkhouse and Brigade to acquire all outstanding shares for $21.00 each. The Macy's Board rejected the bid, citing a lack of evidence for a viable financing plan and stating the offer does not provide compelling value. The Board remains open to opportunities that would increase shareholder value and will continue to prioritize the interests of all shareholders.

Portfolio Pulse from Charles Gross

January 22, 2024 | 1:03 am

An investor group led by Arkhouse Management and Brigade Capital Management has made a $5.8 billion bid to acquire Macy's Inc. (NYSE:M) at $21 per share. Despite initial stock gains, Macy's shares closed at $17.63, below the offer price. The group is considering a direct appeal to shareholders if negotiations stall, hinting at a potential board seat battle or hostile takeover. Arkhouse is willing to increase its bid pending due diligence and has requested a response from Macy's this week. Macy's has not publicly responded to the proposal.

Portfolio Pulse from Benzinga Neuro

January 21, 2024 | 11:40 pm

An investor group led by Arkhouse Management and Brigade Capital Management has made a $5.8 billion bid to acquire Macy's Inc. (NYSE: M) at $21 per share. Despite initial stock gains, Macy's shares closed at $17.63, below the offer price. The group is considering a direct appeal to shareholders if negotiations stall, hinting at a potential board seat battle or hostile takeover. Arkhouse is willing to increase its bid pending due diligence and has requested a response from Macy's this week. Macy's, which also owns Bloomingdale's and Bluemercury, has not publicly responded to the bid.

Portfolio Pulse from Benzinga Neuro

January 21, 2024 | 11:40 pm

XLRE

Cantor Fitzgerald CEO Howard Lutnick predicts a grim future for the U.S. real estate market, with up to $1 trillion in commercial real estate loan defaults expected within the next two years. Despite potential slight rate decreases, Lutnick believes real estate equity and REITs will face significant challenges, with many defaults and a 'generational change' in real estate. Approximately $2.77 trillion of commercial real estate debt is due to mature between 2023 and 2027, with refinancing difficulties anticipated due to high interest rates and declining property values. Morgan Stanley and Fitch reports support the view of a challenging environment for commercial real estate.

Portfolio Pulse from Shanthi Rexaline

January 21, 2024 | 10:15 pm

BTSG

CGON

HWEP

BrightSpring Health Services, Inc (BTSG), CG Oncology, Inc. (CGON), and HW Electro Co., Ltd (HWEP) are set to go public this week with their IPOs. BTSG is offering shares at $16.50 within a $15.00-$18.00 range, CGON at $17.00 within a $16.00-$18.00 range, and HWEP at $4.00 per share. All three have a 180-day lockup period.

Portfolio Pulse from Benzinga Insights

January 21, 2024 | 7:37 pm