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BTCUSD

Bitcoin (BTC) is expected to approach the $50,000 level soon, according to analysts Rachel Lin and Michaël van de Poppe, despite a recent pullback and the SEC's delay in approving spot Bitcoin ETFs. Lin notes a strong bullish bias in the options market, with a call to put ratio of two to one. Van de Poppe views the SEC's engagement with ETF applicants as a positive sign, suggesting momentum and hype could return in December, potentially coinciding with ETF approvals.

Portfolio Pulse from Rounak Jain

November 18, 2023 | 4:25 am

RIVN

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla investor, announced he will switch from his Tesla Model Y to a Rivian vehicle due to Elon Musk's endorsement of an antisemitic claim. Gerber's ETF, Advisor Shares Gerber Kawasaki ETF, holds Tesla shares as part of its top five holdings. Musk's recent comments have been criticized as damaging to Tesla's brand and have led to a public dispute with the Anti-Defamation League.

Portfolio Pulse from Anan Ashraf

November 18, 2023 | 3:06 am

AAPL

BAC

BRK

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) holds a record $157 billion in cash, which may signal caution for future market conditions. Buffett, known for value investing, maintains a substantial cash reserve to meet obligations and invest in undervalued assets. Despite a challenging environment for finding deals, Berkshire has maintained significant stakes in Apple Inc. (NASDAQ:AAPL) and Bank of America Corp. (NYSE:BAC), while reducing its Chevron stake and exiting other positions.

Portfolio Pulse from Benzinga Neuro

November 18, 2023 | 1:50 am

DOGE-USD

ETH-USD

LTC-USD

The article discusses the significant increase in the value of Dogecoin (DOGE) since Elon Musk first tweeted about the cryptocurrency on April 2, 2019. It highlights the impact of Musk's tweets on Dogecoin's price and mentions his acquisition of Twitter in 2022, which is seen as positive for Dogecoin. The article provides hypothetical returns on $100 investments made at the time of Musk's tweets, with a 3,199.4% return from the 2019 tweet and a 2,630.2% return from the 2020 tweet. It also notes Dogecoin's all-time high in May 2021.

Portfolio Pulse from Chris Katje

November 17, 2023 | 11:15 pm

TSLA

Jim Chanos, a well-known short seller and Tesla bear, is winding down his hedge funds after nearly 40 years due to challenges in capitalizing on bearish bets in a rising market. Chanos & Co. manages under $200 million, down from $6 billion in 2008, and has seen a 4% dip this year compared to the S&P 500's 19% rise. Tesla Inc's shares have surged by approximately 90% this year. Chanos plans to return most investor funds by year-end and pivot to advisory and research services.

Portfolio Pulse from Michael Cohen

November 17, 2023 | 11:01 pm

AULT

Ault Alliance has received a notice of noncompliance with NYSE American listing standards, which could affect its continued listing. Details on the specific standards not met and the company's plans to regain compliance were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:00 pm

DWAC

META

President Joe Biden is considering joining TikTok to appeal to younger voters for the 2024 election, despite security concerns and calls to ban the app in the U.S. due to its Chinese ownership. Biden's campaign aims to combat his trailing position in polls against Donald Trump. Biden has also joined Truth Social, owned by Trump Media & Technology Group, which is merging with Digital World Acquisition Corporation (NASDAQ:DWAC). Additionally, Biden is active on other social media platforms, including those owned by Meta Platforms Inc (NASDAQ:META). Social media's role in elections is growing as more people consume news through these platforms.

Portfolio Pulse from Chris Katje

November 17, 2023 | 9:54 pm

LHC

World View and Leo Holdings Corp. II (NYSE:LHC) have decided to terminate their business combination agreement due to challenging market conditions. Leo will dissolve and liquidate, redeeming all outstanding Class A Ordinary Shares at approximately $10.95 per share. Trading of the Public Shares has been suspended since November 17, 2023, and Leo will delist its securities from the New York Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:46 pm

CCVI

Churchill Capital Corp VI (NYSE: CCVI) has announced it will redeem all outstanding shares of Class A common stock as it will not complete an initial business combination by the set deadline. The redemption price is approximately $10.49 per share. The company's securities will cease trading on the NYSE on December 1, 2023, and shares will be cancelled effective December 4, 2023. Warrants will expire worthless, and the company's sponsor has waived redemption rights for Class B common stock. The company will dissolve after the redemption process.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:45 pm

ALGS

Aligos Therapeutics Inc has filed a prospectus with the SEC for the resale of up to 168.7 million shares of common stock by selling securityholders. This filing indicates that current shareholders may be looking to sell a significant number of shares, which could potentially impact the stock's market price.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:42 pm