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QQQ

SPY

Wells Fargo's head of equity strategy, Chris Harvey, believes the tech rally will continue until the Federal Reserve becomes more aggressive and breaks the economy. He compares the current market to the tech boom of 1999-2000, which ended due to tighter monetary policy. Harvey also notes that the US economy has been less rate-sensitive than expected.

Portfolio Pulse from Bhavik Nair

June 22, 2023 | 6:59 am

AMZN

FDX

The CNN Money Fear and Greed index remains in the 'Extreme Greed' zone as US stocks closed lower for the third straight session. Amazon shares fell 0.8% after the FTC filed a lawsuit against the company, and FedEx shares dropped 2.5% after reporting Q4 revenue miss and a disappointing FY24 outlook.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 6:53 am

BTCUSD

Bitcoin (BTC) has crossed the $30,000 mark, returning to the 'greed buy zone' as investment companies like Fidelity, Invesco, Wisdom Tree, Valkyrie, and BlackRock apply for spot Bitcoin ETFs with the SEC. The Crypto Fear & Greed Index indicates a 'greed' mentality among investors, while 61,723 traders faced liquidation in the past 24 hours, totaling $215.77 million.

Portfolio Pulse from Mehab Qureshi

June 22, 2023 | 6:45 am

AAPL

NVDA

TSLA

Retail investors have set a new record by pouring $1.5 billion into single stocks in a week, with Tesla, Apple, and Nvidia receiving the bulk of the inflows. These three companies accounted for 43% of the S&P 500's gains this year. Analysts are wary of the momentum and warn of a possible correction.

Portfolio Pulse from Bhavik Nair

June 22, 2023 | 6:15 am

AAPL

F

TSLA

Ford CEO Jim Farley dismissed concerns about Tesla's upcoming Cybertruck in a recent TV interview, stating that Ford is the market leader for EV trucks and vans and knows their customers better. Tesla fans responded by comparing Farley's comments to Steve Ballmer's infamous iPhone misjudgment in 2007.

Portfolio Pulse from Shanthi Rexaline

June 22, 2023 | 5:53 am

BRK-A

BRK-B

Warren Buffett has donated approximately $4.63 billion in Berkshire Hathaway stock to various foundations, with nearly $3.54 billion going to the Bill & Melinda Gates Foundation Trust. Buffett converted 9,129 Class A shares into 13,693,500 Class B shares for the donations.

Portfolio Pulse from Bhavik Nair

June 22, 2023 | 5:52 am

BTCUSD

DOGEUSD

FLOKIUSD

SHIBUSD

Floki (CRYPTO: FLOKI) surged 16% in the last 24 hours, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The rise is attributed to Bitcoin's bounce back and major institutional buy-ins. Floki has secured new exchange listings on WOO X and Bitci, and partnered with Binance Pay.

Portfolio Pulse from Mehab Qureshi

June 22, 2023 | 4:12 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin surpassed $30,000 following remarks from US Federal Reserve Chair Jerome Powell on its staying power. Ethereum and Dogecoin also rose. The rally was fueled by major financial institutions exploring the crypto space, including BlackRock's Bitcoin ETF application. Powell emphasized the importance of strong federal oversight for stablecoins.

Portfolio Pulse from Mehab Qureshi

June 22, 2023 | 2:52 am

META

Mark Zuckerberg has responded to Elon Musk's 'cage match' challenge, intensifying anticipation for a potential showdown between the Meta Platforms Inc. CEO and the Twitter-owner and former CEO. The challenge originated from rumors of Meta launching a rival platform named Threads.

Portfolio Pulse from Ananya Gairola

June 22, 2023 | 2:23 am

QQQ

SPY

Jim Cramer advises investors not to get greedy and to cash in some gains following a decent rally. He suggests cutting down on hot stocks and waiting for the Federal Reserve's next move. Major indices closed in the red on Wednesday after Fed Chair Jerome Powell's testimony.

Portfolio Pulse from Bhavik Nair

June 22, 2023 | 2:20 am