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A recent survey by Bank of America reveals that Gen Z individuals are adjusting their spending habits due to rising living costs and economic uncertainty. A significant 73% of respondents have economized on essentials like groceries and fuel, and 43% are cooking at home more. This trend may negatively impact restaurant stocks like McDonald's, Starbucks, and Chipotle. Additionally, 40% of Gen Zers have reduced their clothing expenses, potentially affecting apparel stocks like Nike and Foot Locker. Gen Z's focus on essential items could also impact retail giants like Walmart, Caseys General Stores, and Kroger.

Portfolio Pulse from Nabaparna Bhattacharya

October 14, 2023 | 7:42 pm

AVAXUSD

BTCUSD

LINKUSD

Crypto analyst Altcoin Sherpa predicts a significant rally for Bitcoin (BTC), Chainlink (LINK), and Avalanche (AVAX). Bitcoin is expected to return to its record peak of roughly $69,000, indicating a potential surge exceeding 150%. Chainlink, currently at $7.27, is expected to breakout after a long consolidation period, with investors advised to enter the market between $5 and $7. Avalanche, priced at $9.17, is forecasted to rise by over 14% in the coming weeks, with a resistance level at $9.79.

Portfolio Pulse from Bibhu Pattnaik

October 14, 2023 | 5:01 pm

COIN

Binance.US has updated its digital asset listing process and is considering adding new digital assets to its platform. The company will select altcoin assets for potential listing based on market demand, forecasted trading volume, liquidity, regulatory standing in the U.S., and community engagement. Currently, Binance.US is considering Sui (SUI), a delegated proof-of-stake layer 1 network, for listing. This process is similar to the one followed by Coinbase (NASDAQ:COIN) to mitigate speculative price movements post-listing.

Portfolio Pulse from Khyathi Dalal

October 14, 2023 | 2:31 pm

AAPL

AMC

AMZN

BTCUSD

LCID

TSLA

Benzinga's weekly review of investor favorites included bullish views on Bitcoin, Apple, and Amazon, and bearish views on Tesla, Lucid Group, and AMC Entertainment. Anthony Scaramucci predicted Bitcoin could reach $150K-$250K with the launch of Bitcoin ETFs. Apple is expected to use Resin Coated Copper for the iPhone 17's mainboard, potentially leading to a slimmer device and cost-saving benefits. Amazon's NFL broadcast rights are seeing success with record viewership. Tesla warned of a likely reduction in the Model 3's tax credit. Lucid Group has yet to announce its Q3 delivery numbers, causing investor concern. AMC CEO Adam Aron was the victim of an extortion attempt.

Portfolio Pulse from Michael Cohen

October 14, 2023 | 1:20 pm

FSR

KARS

LCID

RIVN

TSLA

The week ending October 13 saw a lackluster performance from electric vehicle (EV) stocks, with Tesla's Q3 margins causing concern among analysts. Rivian's stock is now seen as undervalued by some analysts, while Fisker is planning to expand into China. Lucid's delay in delivery has unnerved investors, and Ford is offering a $7,500 discount on its F-150 Lightning. The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.92%.

Portfolio Pulse from Shanthi Rexaline

October 14, 2023 | 1:18 pm

JPM

JPMorgan Chase & Co.'s CEO Jamie Dimon has voiced concern about intensifying global threats, including the ongoing war in Ukraine and recent attacks by Hamas on Israel, warning of their potential impacts on global energy and food markets, trade and geopolitical relationships. He also highlighted the mounting national debt and the possibility of sustained high inflation and interest rates. Despite the bank posting a profit of $13.15 billion for the third quarter, up 35% from a year ago, Dimon warned that the strong performance might not persist.

Portfolio Pulse from Benzinga Neuro

October 14, 2023 | 4:23 am

NVO

Novo Nordisk (NYSE:NVO) has revised its full-year sales and operating profit outlook for 2023 due to a surge in demand for its weight-loss drug Wegovy and diabetes medication Ozempic. The company now expects sales growth of 32% to 38% and operating profit growth of 40% to 46%. The updated forecast reflects higher expectations for Ozempic sales in the U.S. and adjustments for Ozempic and Wegovy sales in the U.S.

Portfolio Pulse from Benzinga Neuro

October 14, 2023 | 4:23 am

BTCUSD

GBTC

The Securities and Exchange Commission (SEC) has reportedly decided not to contest a court decision that ordered the regulatory agency to review its rejection of Grayscale's application to turn its Bitcoin trust into an exchange-traded fund (ETF). This could potentially pave the way for the first Bitcoin ETF in the US. Grayscale, which manages the world's largest cryptocurrency fund, believes that transitioning GBTC to an ETF would bridge the valuation gap between the fund's price and its underlying Bitcoin assets.

Portfolio Pulse from Murtuza Merchant

October 13, 2023 | 10:03 pm

ATIF

AWIN

GDC

ISUN

NXU

PSHG

QUAD

SMR

SNTG

ULBI

Several industrial stocks experienced significant movement in Friday's after-market session. Notable gainers included Sentage Hldgs (SNTG), iSun (ISUN), ATIF Holdings (ATIF), GD Culture Group (GDC), Quad/Graphics (QUAD), and Performance Shipping (PSHG). On the other hand, AERWINS Technologies (AWIN), Ultralife (ULBI), Nxu (NXU), EHang Holdings (EH), and NuScale Power (SMR) saw their shares decline.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:31 pm

FRZA

FTEL

LULU

LXEH

MDC

REAL

RERE

SFT

TUP

WAFU

YETI

ZAPP

In Friday's after-market session, several consumer discretionary stocks saw significant movement. Zapp Electric Vehicles, Forza X1, Lululemon Athletica, Tupperware Brands, RealReal, and M.D.C. Holdings saw gains, while Shift Techs, YETI Holdings, Fitell, Lixiang Education Hldg, ATRenew, and Wah Fu Education Group experienced losses.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:31 pm