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A federal court has ruled against the SEC for rejecting Grayscale Investments' request to convert its Grayscale Bitcoin Trust into an ETF. The court's decision could expedite the approval of several Bitcoin ETFs filed by companies such as BlackRock, WisdomTree, Invesco, Valkyrie Investments, Ark Invest, VanEck, and Fidelity. The article also compares the hypothetical returns of investing $1,000 in Bitcoin, SPDR S&P 500 ETF Trust, Tesla, and Apple in 2013.

Portfolio Pulse from Chris Katje

August 31, 2023 | 7:54 pm

SPY

The market on close imbalance is leaning towards the sell-side with $280 million. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 7:51 pm

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WFC

The nationwide median home-sale price has surged to $380,000, a 5% year-over-year increase, according to a report by Redfin Corp. This has resulted in the typical monthly mortgage payment reaching an all-time high of $2,649. The price surge is driven by a severe inventory shortage, with new listings down 10% and the total number of U.S. homes for sale down 19%. This has implications for key players in the housing market such as Rocket Companies Inc, Lennar Corp, Wells Fargo & Co, JPMorgan Chase & Co, Ocwen Financial Corp, PulteGroup, Inc, and Bank of America Corp.

Portfolio Pulse from AJ Fabino

August 31, 2023 | 7:51 pm

ADTX

Shares of Aditxt, Inc. (NASDAQ:ADTX) experienced a significant surge, rising over 500% on Thursday. The stock was halted multiple times due to its volatile trading. The company's stock is trading higher on abnormally-high volume, with 1.14 million shares traded compared to its average volume of 83,543. Aditxt also has a high short interest with 54.38% of shares currently sold short.

Portfolio Pulse from Ryan Gustafson

August 31, 2023 | 7:47 pm

DOCU

Shares of DocuSign, Inc. (NASDAQ:DOCU) are trading higher, possibly in sympathy with Salesforce's strong Q2 results. DocuSign is set to report its Q2 earnings on Sep. 7, with earnings expected to be 66 cents per share and revenue estimated at $677.56 million.

Portfolio Pulse from Ryan Gustafson

August 31, 2023 | 7:46 pm

SPY

The market on close imbalance is leaning towards the sell-side with $412M. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 7:42 pm

ALK

Alaska Air Group Inc expects passenger levels for the Labor Day period to reach pre-pandemic levels. The company anticipates nearly 700,000 guests throughout its network from Thursday to Monday, marking an increase of nearly 8% from last year.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 7:38 pm

ADI

A significant bearish stance has been taken on Analog Devices (NASDAQ:ADI) by a large investor, as observed in the options history. The overall sentiment of these big-money traders is split between 22% bullish and 77% bearish. The whales have been targeting a price range from $150.0 to $210.0 for Analog Devices over the last 3 months. The current price of ADI is $182.04, up 0.26%. Analysts from Morgan Stanley, UBS, Susquehanna, Raymond James, and Goldman Sachs have maintained their ratings on ADI with price targets ranging from $185 to $215.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:33 pm

PPG

PPG Indus (NYSE:PPG) has outperformed the market over the past 15 years, producing an average annual return of 10.3%. If an investor had bought $1000 of PPG stock 15 years ago, it would be worth $4,319.19 today. The company currently has a market capitalization of $33.33 billion.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:30 pm

NDAQ

Over the past 10 years, Nasdaq (NASDAQ:NDAQ) has outperformed the market by 7.52% on an annualized basis, producing an average annual return of 18.06%. If an investor had bought $1000 of NDAQ stock 10 years ago, it would be worth $5,298.35 today.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:30 pm