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BRK

BTCUSD

Charlie Munger, Berkshire Hathaway's vice chairman, passed away at 99, known for his critical views on Bitcoin, shared with Warren Buffett. While both disapproved of Bitcoin, their reasons differed. Munger disliked Bitcoin's association with crime and its undermining of the U.S. financial system, while Buffett preferred tangible assets that produce income. Despite their criticism, the crypto community paid respects to Munger. Bitcoin was trading up 2.10% at $37,951 at the time of the article.

Portfolio Pulse from Mehab Qureshi

November 29, 2023 | 5:22 am

LVS

Mark Cuban is reportedly selling a majority stake in the Dallas Mavericks to Miriam Adelson and her family. Adelson is divesting $2 billion worth of her Las Vegas Sands Corp. (LVS) shares to fund the purchase. Cuban will retain some ownership and manage basketball operations. The sale follows Cuban's announcement of his departure from 'Shark Tank' after the next season.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 4:07 am

GM

General Motors Co (GM) is reportedly reducing funding for its self-driving unit, Cruise, following a pedestrian injury incident. This decision may impact GM's long-term revenue targets, which include income from self-driving technology. Cruise has faced safety concerns and regulatory challenges, leading to a suspension of operations. Despite a recent EBIT-adjusted loss, Cruise plans to relaunch operations in one city to rebuild trust and scale up gradually.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 3:33 am

BA

CAH

DELL

TMUS

Jim Cramer, host of CNBC's Mad Money, expressed optimism about Boeing Co. (NYSE:BA), predicting a favorable year for the company. He also recommended stocks from Dell Technologies Inc. (NYSE:DELL), T-Mobile US Inc (NASDAQ:TMUS), and Cardinal Health Inc. (NYSE:CAH). Cramer's bullish stance on Boeing aligns with RBC Capital Markets' recent upgrade of the stock, citing a positive shift in sentiment and a potential rally of over 25%.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 3:04 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) rose after Federal Reserve Governor Chris Waller's dovish remarks, suggesting a potential for rate cuts if inflation continues to decline. Waller's comments, indicating a moderating economic pace and favorable inflation trends, have fueled optimism in the markets, leading to a rise in stocks and a dip in U.S. Treasury yields. Analysts predict a 'Santa Claus Rally' that may push Bitcoin beyond $40K, while on-chain data shows profit-taking in Bitcoin and an increase in Dogecoin wallets.

Portfolio Pulse from Mehab Qureshi

November 29, 2023 | 2:58 am

NFLX

Netflix's reality show 'Squid Game: The Challenge' premiered last week, topping the English-language TV series chart with 85.7 million hours watched. The original 'Squid Game' series also re-entered the top 10 in non-English languages, with 13.3 million hours viewed. The strong performance of the reality show is expected to boost anticipation for the second season of 'Squid Game'. Netflix shares are up 62% YTD, trading at $479.01.

Portfolio Pulse from Chris Katje

November 28, 2023 | 11:19 pm

XSHLF

XS Financial Inc., a specialty finance company serving the U.S. cannabis industry, reported a strong Q3 performance with a 41% YoY increase in revenue and a 56% YoY increase in gross lease receivables. Despite these gains, the company experienced a net loss of $2.99 million, attributed to non-cash losses. Operational highlights include closing 16 new lease transactions. The CEO highlighted a focus on growth and a strong liquidity position with $21.4 million available for drawdown. Shares of XSHLF surged 34.29% to $0.047.

Portfolio Pulse from Joana Scopel

November 28, 2023 | 11:16 pm

DIS

DKNG

PENN

A bettor won a significant parlay bet on a low-scoring NFL game between the Bears and Vikings, which aired on ESPN and featured only one touchdown. The bettor placed a wager with DraftKings Inc (DKNG) on T.J. Hockenson scoring the first and last touchdown. PENN Entertainment's ESPN Bet platform offers bets on players not scoring touchdowns, a potentially profitable option in such games. The Bears won 12-10, and the game's total points were well under the line set by sportsbooks.

Portfolio Pulse from Chris Katje

November 28, 2023 | 11:05 pm

AAPL

BRK

Charles 'Charlie' Munger, Warren Buffett's partner at Berkshire Hathaway, has passed away at 99. Buffett praised Munger's role in building Berkshire Hathaway. Munger was vice chairman and a major shareholder, with holdings worth $2.1 billion. Under their leadership, Berkshire Hathaway outperformed the S&P 500 with an average annual gain of 20.1% from 1965 to 2021. Munger's investment strategies, including the 'Lollapalooza effect' and focus on great companies at decent prices, were highlighted, with Apple Inc. being a notable investment. The investment community mourns his loss, recognizing his contributions to finance and investing.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 10:58 pm

LVS

Las Vegas Sands Corp. (LVS) shares fell in after-hours trading following the announcement of a $2 billion secondary public offering of shares by Miriam Adelson and The Miriam Adelson Trust. The company plans to repurchase $250 million of the stock from the offering but will not receive any proceeds from the sale. The proceeds are intended for the purchase of a majority interest in a professional sports franchise. The Selling Stockholders will enter into a 365-day lock-up agreement post-offering.

Portfolio Pulse from Ryan Gustafson

November 28, 2023 | 10:41 pm