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PSNY

RIVN

TSLA

YouTuber Marques Brownlee named Polestar (NASDAQ:PSNY) as one of his favorite cars under $55,000 in a recent interview. He also mentioned Kia EV-6 GT as a second favorite. Polestar reported 12,076 deliveries in Q1, up 26% YoY, but delayed the start of production for Polestar 3 and cut production forecasts for 2023.

Portfolio Pulse from Anan Ashraf

June 12, 2023 | 7:09 am

COIN

Coinbase CEO Brian Armstrong clarified that the company's venture investments do not influence token listings on its platform, and most investments have been in startups rather than specific tokens. This comes after the SEC filed a lawsuit against Coinbase for operating as a securities exchange, broker-dealership, and clearing house without registering.

Portfolio Pulse from Mehab Qureshi

June 12, 2023 | 6:47 am

COIN

HOOD

MATICUSD

The SEC's crackdown on crypto exchanges like Coinbase and Binance has impacted various cryptocurrencies, leading some exchanges like Robinhood to delist certain tokens, including Polygon (MATIC). In response, the Polygon team emphasized the importance of MATIC for network security and its non-US focus. Social contributors related to MATIC are up over 50%, driving the price to $0.62, up 4% in the last 24 hours. TraderSZ predicts MATIC will hit $1.08 levels soon.

Portfolio Pulse from Mehab Qureshi

June 12, 2023 | 3:57 am

BNO

VDE

Goldman Sachs has lowered its Brent oil price forecast for December to $86 a barrel, down from $95, due to increasing global supplies and reducing demand. Supply increases from Russia, Iran, and Venezuela are driving the lower price outlook. The Federal Reserve's policy decision this week is also impacting oil prices.

Portfolio Pulse from Bhavik Nair

June 12, 2023 | 3:12 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies exhibited mixed trading amid regulatory challenges and liquidity concerns. The SEC crackdown on crypto exchanges and labeling of major altcoins as securities caused market turbulence. However, Bitcoin and Ethereum showed resilience, while on-chain data analytics firm Santiment suggests Bitcoin's accumulating whales signal a bullish divergence.

Portfolio Pulse from Mehab Qureshi

June 12, 2023 | 2:35 am

IEF

SHY

VGSH

Despite easing recession fears, major bond managers from Allianz and Fidelity maintain their forecasts for a downturn and advise hedging bets on risky assets. They believe the Federal Reserve's 10 consecutive rate hikes have already caused damage, and central banks' continued tightening is a concern. Bond ETFs IEF, SHY, and VGSH have experienced losses in the last month.

Portfolio Pulse from Bhavik Nair

June 12, 2023 | 1:22 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has fallen from its all-time highs, but a $100 investment today could be worth $1,324.50 if it returns to those levels. The coin gained popularity after being added to platforms like Coinbase, Kraken, and Robinhood, but faces increased pressure from the SEC.

Portfolio Pulse from Chris Katje

June 11, 2023 | 7:12 pm

BYDDF

BYDDY

GELYF

GELYY

Ford CEO Jim Farley praised China's rise to the top of the auto export market, exporting over a million units in Q1. He predicted that SAIC Motor Corp, Geely Automobile, and BYD Company will likely become global players, with BYD showing particular promise. Farley sees a shift in winners and losers within the industry, with some mature OEMs shrinking and others expanding.

Portfolio Pulse from Shanthi Rexaline

June 11, 2023 | 6:55 pm

BTCUSD

Bloomberg's macro strategist Mike McGlone warns that Bitcoin (BTC) may be in a poor technical position and could be overextended within a downtrend. He predicts a liquidity crunch in the second half of 2023 due to an expected US recession, which may cause BTC to drop further.

Portfolio Pulse from Bibhu Pattnaik

June 11, 2023 | 6:42 pm

BOF

CAVA

LEC

MSS

SXTP

This week, Lafayette Energy Corp (LEC), 60 Degrees Pharmaceuticals (SXTP), CAVA GROUP (CAVA), BranchOut Food Inc (BOF), and Maison Solutions Inc (MSS) are scheduled to go public. Each company has set a price range and a 180-day lockup period for their IPOs.

Portfolio Pulse from Benzinga Insights

June 11, 2023 | 5:50 pm