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Major cryptocurrencies traded mixed on Thursday evening as the Consumer Price Index (CPI) for September experienced a 0.4% increase, surpassing economist estimates of 0.3%. This reflects inflationary pressure on the economy. Stocks experienced a decline due to concerns over rising Treasury yields and ongoing U.S. inflation. The S&P 500 and Nasdaq Composite both dropped, marking the end of a four-day winning streak for the major indexes. Crypto analysts predict a 'bizarre' market with Bitcoin lacking strength and altcoins not budging despite Bitcoin's downward move.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 2:57 am

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Cresco Labs Inc's CEO, Charlie Bachtell, discussed the company's strategies and the challenges of the cannabis industry at the Benzinga Cannabis Capital Conference. Bachtell attributed the company's success to a disciplined focus on core markets, products, brands, and team members. He also highlighted the importance of educating legislators about the cannabis industry. The CEO further discussed the challenges in Illinois, including competition from neighboring states and the emerging market of intoxicating cannabinoids.

Portfolio Pulse from Joana Scopel

October 13, 2023 | 2:35 am

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US stocks experienced a downtrend with significant indices including the Nasdaq Composite and the S&P 500 reflecting the bearish sentiment. Dollar General Corp (DG) closed the day at a 1.77% loss, but traded higher in the after-hours following an update on its outlook and the appointment of a new CEO. The Boeing Company (BA) ended the day with a 2.43% loss, but is in the spotlight for its collaboration with NASA and United Airlines. JD.com, Inc. (JD) suffered an 8.27% loss, but was part of the broader bullish sentiment in Hong Kong markets. AMC Entertainment Holdings, Inc. (AMC) saw a 5.57% increase, following the anticipation of the Taylor Swift Eras Tour concert film debut. Tesla, Inc. (TSLA) closed at a 1.57% loss after issuing a warning about the likely reduction of the Model 3's tax credit next year.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 2:11 am

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A recent study reveals that media coverage of political candidates varies by network. Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA) provided more coverage to President Joe Biden and his son, Hunter Biden, than Warner Bros. Discovery (NASDAQ:WBD)-owned CNN and Comcast Corporation (NASDAQ:CMCSA)-owned MSNBC. However, Donald Trump received more coverage from MSNBC and CNN than Fox. The 2024 election cycle is predicted to hit a new record of $10.2 billion in advertising, a 13% increase from the 2020 election.

Portfolio Pulse from Chris Katje

October 12, 2023 | 10:40 pm

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The Israel-Hamas conflict could impact global oil prices, depending on Iran's involvement. Iran, a backer of Hamas, controls the Strait of Hormuz, through which 20-30% of global oil inventory passes. Increased sanctions on Iran could raise oil prices, affecting US inflation. Rising oil prices could benefit US-based oil extraction companies like Exxon Mobil, Chevron, and Shell, and ETFs like the United States Oil Fund LP, the iShares U.S. Oil & Gas Exploration & Production ETF, and the ProShares Ultra Bloomberg Crude Oil. However, a spike in inflation could negatively impact tech companies like Apple, Amazon, and Meta, and consumer discretionary companies like Tesla, General Motors, Ford, and Volkswagen.

Portfolio Pulse from Natan Ponieman

October 12, 2023 | 9:46 pm

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The article discusses the impact of Elon Musk's appearances on the Joe Rogan podcast on Tesla's stock price. It states that a $1,000 investment in Tesla shares at their intraday high on Sept. 7, 2018, when Musk first appeared on the podcast, would be worth $14,763.75 today. This represents a hypothetical return of 1,376.4% over the last five years. In comparison, the same $1,000 invested in the SPDR S&P 500 ETF Trust would be worth $1,510.01 today, representing a return of 51.0%.

Portfolio Pulse from Chris Katje

October 12, 2023 | 9:40 pm

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The article reports on the movement of 12 consumer discretionary stocks in Thursday's after-market session. Shift Techs, XWELL, Aterian, PLBY Group, Kidpik, and Phoenix Motor were the gainers, while EBET, Kaival Brands Innovations, Wah Fu Education Group, Regis, Tupperware Brands, and Viomi Technology Co were the losers.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 9:32 pm

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Several healthcare stocks experienced significant movement in Thursday's after-market session. Bio-Path Hldgs, Comera Life Sciences, Scinai Immunotherapeutics, 60 Degrees, Bellerophon Therapeutics, and Relay Therapeutics saw increases, while Cassava Sciences, Outset Medical, T2 Biosystems, OpGen, Tempest Therapeutics, and BeyondSpring saw decreases.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 9:32 pm

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In Thursday's after-market session, several industrials stocks saw significant movement. Gainers included Vertical Aerospace (EVTL), Ultralife (ULBI), Toro (TORO), Byrna Technologies (BYRN), Blade Air Mobility (BLDE), and noco-noco (NCNC). Losers included Hyliion Holdings (HYLN), Gaucho Group Holdings (VINO), Advent Technologies Hldgs (ADN), TD Hldgs (GLG), Shengfeng Development (SFWL), and iSun (ISUN).

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 9:31 pm

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Several Information Technology stocks experienced significant movement in Thursday's after-market session. Gainers included UTime (WTO), Comtech Telecom (CMTL), Oblong (OBLG), Intrusion (INTZ), Stronghold Digital Mining (SDIG), and AEye (LIDR). Losers included SMART Glb Hldgs (SGH), Belden (BDC), SMX (Security Matters) (SMX), ComSovereign Holding (COMS), AgileThought (AGIL), and Taoping (TAOP). Q4 earnings reports for Comtech Telecom and SMART Glb Hldgs were released.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 9:31 pm