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IEP

ILMN

Billionaire investor Carl Icahn expressed his satisfaction with the recent events at Illumina, a biotechnology company.

Portfolio Pulse from Charles Gross

June 11, 2023 | 3:24 pm

AMZN

Amazon founder Jeff Bezos bought one share of Amazon (NASDAQ:AMZN) in late May, his first purchase since 2002. Since then, the stock price has increased, resulting in an $8.70 gain on his investment. Bezos still owns about 10% of Amazon.

Portfolio Pulse from Shanthi Rexaline

June 11, 2023 | 1:31 pm

ACHR

SPY

VGK

Archer Aviation CEO stated in an interview with Financial Times that European regulation is not good for business, potentially affecting the company's expansion plans.

Portfolio Pulse from Charles Gross

June 11, 2023 | 1:24 pm

BAC

Gold bug Peter Schiff warns that the US banking system is insolvent and would collapse without government backstops. He highlights Bank of America's low interest rates on savings and checking accounts compared to the fed funds rate. Schiff's warning comes as the Federal Reserve is set to meet for a two-day monetary policy meeting.

Portfolio Pulse from Shanthi Rexaline

June 11, 2023 | 12:29 pm

AAPL

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ: META), believes that Apple Inc.'s (NASDAQ: AAPL) entry into the AR/VR segment with its first-generation mixed reality headset brings validation to the category. He also stated that Apple's entry will increase demand for the overall space, with Quest 3 being the primary beneficiary.

Portfolio Pulse from Ananya Gairola

June 11, 2023 | 2:00 am

AAPL

FRPT

FSR

TAP

TSLA

Barron's weekend stock picks include Molson Coors, Tesla, and Apple's position in the AI space. Molson Coors gains from Bud Light's controversial partnership could be sustainable. JANA Partners wins proxy battle with Freshpet. Tesla's partnership with Ford and GM for EV charging is misinterpreted as negative for ChargePoint and EVgo. Fisker enters China despite intense competition, and Apple's AI strategy remains unclear.

Portfolio Pulse from Justin Chan

June 10, 2023 | 8:52 pm

SHIBUSD

An unknown crypto whale moved 4 trillion Shiba Inu (CRYPTO: SHIB) worth $31.7 million from Shiba Staking to Binance. 89% of SHIB holders are sitting on losses, with 69% holding the cryptocurrency for over a year. Shibarium, SHIB's layer-2 scaling solution, has seen over a million transactions on its testnet, Puppynet.

Portfolio Pulse from Bibhu Pattnaik

June 10, 2023 | 5:11 pm

COIN

Cryptocurrencies experienced a sharp pullback on Saturday, with altcoins such as Polygon, Solana, Dogecoin, and Shiba Inu tumbling. The decline is attributed to the SEC's lawsuits against Binance and Coinbase Global, Inc. (NASDAQ:COIN) and the decision to label 13 tokens as securities, potentially subjecting them to stricter regulations.

Portfolio Pulse from Shanthi Rexaline

June 10, 2023 | 3:50 pm

AMOM

COIN

TSLA

The S&P 500 closed near the 4,300 benchmark for the first time since August 2022, reflecting investor anticipation of inflation data and the Federal Reserve's rate decision. QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) sold Nvidia (NVDA) shares and opened a position in Amazon (AMZN). Tesla (TSLA) could generate $3 billion in charging revenue from non-Tesla owners by 2030. Jack Dorsey called Ethereum (ETH) a security, and the SEC filed a lawsuit against Coinbase (COIN) for acting as an unregistered broker.

Portfolio Pulse from Michael Cohen

June 10, 2023 | 2:26 pm

BTCUSD

COIN

Cathie Wood, CEO and Founder of Ark Investment Management, believes Bitcoin (BTC) will hit $1 million soon due to global economic uncertainty. Wood also mentioned that ARK Investment bought a significant stake in Coinbase Global Inc (NASDAQ:COIN) last week.

Portfolio Pulse from Bibhu Pattnaik

June 10, 2023 | 2:09 pm