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SPOT

Spotify has doubled its audiobook catalog to 300,000 titles, expanding its service to non-English markets and increasing its user base. Despite a 20% revenue increase, Spotify's earnings fell short of analyst expectations. Elon Musk praised Spotify's growth in the audiobook sector.

Portfolio Pulse from Ananya Gairola

October 16, 2024 | 9:56 am

ARKK

Ark Invest, led by Cathie Wood, predicts a positive trend for Bitcoin due to oversold conditions in the Stablecoin Supply Ratio Oscillator (SSRO). The SSRO's oversold point suggests a potential uptrend in Bitcoin's market structure. Ark Invest also shows interest in Ethereum as an institutional-grade asset.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 9:44 am

MS

Morgan Stanley, despite previous skepticism from its chairman James Gorman, is now actively recommending Bitcoin-related investments to its clients. The bank has authorized its advisors to suggest Bitcoin ETFs to wealthy clients, reflecting a significant shift in its stance on cryptocurrency.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 9:33 am

STLA

Stellantis is planning to build the Ram 1500 truck in Saltillo, Mexico, as reported by The Wall Street Journal. This move could impact production costs and market dynamics for Stellantis.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 9:23 am

DJT

PHUN

Trump Media & Technology Group Corp (NASDAQ:DJT) saw a 2.85% pre-market rebound after a 10% drop, while Phunware Inc. (NASDAQ:PHUN) rose 11% following a 38% surge. The volatility was linked to Trump's interview at the Economic Club of Chicago. DJT's new Truth+ streaming service could impact future performance.

Portfolio Pulse from Pooja Rajkumari

October 16, 2024 | 9:09 am

AIQ

ASML

NVDA

ASML's lower-than-expected bookings and guidance cut led to a drop in AI-related stocks, but Gene Munster believes this is an overreaction. ASML's AI-related revenue is limited, and the weakness is due to other factors. Despite this, the AI trade remains strong, with significant growth expected in AI infrastructure spending.

Portfolio Pulse from Shanthi Rexaline

October 16, 2024 | 8:57 am

AIQ

IGM

IXN

ROBT

The IMF warns that while AI can enhance market efficiency, it also poses risks of increased volatility and cyber threats. AI-driven trading, especially in equities and bonds, could lead to market instability. The IMF suggests enhancing regulation and supervision of AI-related activities.

Portfolio Pulse from Pooja Rajkumari

October 16, 2024 | 7:56 am

ABT

Abbott Laboratories is set to release its Q3 earnings on Oct. 16, with analysts expecting an EPS of $1.2 and revenue of $10.55 billion. Recent analyst ratings show positive sentiment, with several analysts raising their price targets.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 7:53 am

TSLA

Tesla's 'We, Robot' event showcased autonomous driving with 19 Cybercabs and 29 Model Ys, offering 1,300 safe trips to over 2,000 guests. The event highlighted Tesla's advancements in autonomous vehicles, with plans to introduce the Cybercab under $30,000 by 2026.

Portfolio Pulse from Anan Ashraf

October 16, 2024 | 7:35 am

AMD

ASML

BAC

NVDA

UNH

U.S. stocks fell on Tuesday, with the Nasdaq down 1% amid a decline in chipmaker stocks. ASML shares dropped over 16% due to an early earnings release, while NVIDIA and AMD also saw declines. UnitedHealth shares fell over 8% after lowering its EPS outlook. The Fear & Greed Index moved to the 'Greed' zone.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 7:13 am