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Crypto venture capitalist Chris Burniske predicts a phase of selling exhaustion in the cryptocurrency market, suggesting potential buying opportunities. He anticipates Bitcoin could drop to the low $20Ks and Ethereum to the low $1Ks, while most long-tail assets, except Solana, could hit new lows. Despite the current market fear, Burniske remains optimistic about the future, emphasizing the importance of patience and persistence for potential buyers.

Portfolio Pulse from Murtuza Merchant

October 05, 2023 | 4:32 pm

PPG

PPG Industries' (NYSE:PPG) short percent of float has fallen 35.24% since its last report, with 1.60 million shares sold short, which is 0.68% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards PPG. Compared to its peers, PPG has less short interest as a percentage of float, with an average of 4.04%.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 4:31 pm

ASB

BANC

EWBC

FHN

FIBK

FNB

PNFP

WAL

Wells Fargo analyst Timur Braziler has downgraded four banks to Equal Weight from Overweight, citing interest rate pressures and credit risks. The banks are Associated Banc-Corp (ASB), Banc Of California (BANC), First Interstate BancSystem (FIBK), and First Horizon Corp (FHN). Braziler's top picks include F N B Corp (FNB), Western Alliance Bancorp (WAL), East West Bancorp Inc (EWBC), and Pinnacle Financial Partners Inc (PNFP).

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 4:30 pm

AME

AMETEK's (NYSE:AME) short percent of float has risen 28.95% since its last report, with 2.00 million shares sold short, which is 0.98% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, AMETEK has less short interest as a percentage of float, with an average of 12.12%.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 4:30 pm

Micron Technology's (NYSE:MU) short percent of float has risen 30.86% since its last report, with 24.97 million shares sold short, which is 2.29% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Micron Technology has less short interest.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 4:30 pm

AVGO

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSM), Nvidia Corp (NVDA), and Broadcom Inc (AVGO) are collaborating to expedite the development of silicon photonics, a technology that could revolutionize data transmission in the semiconductor sector. Analysts predict the silicon photonics market could reach $7.86 billion by 2025. Morgan Stanley has added a position in Nvidia.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 4:30 pm

YETI

YETI Holdings' stock has been downgraded from Outperform to Neutral by Exane BNP Paribas, with a new price target set at $42. This has resulted in a decrease in the trading price of YETI shares.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:28 pm

AMD

ARM

QCOM

SSNLF

Samsung's partnership with Advanced Micro Devices (AMD) for GPU licensing remains intact, debunking earlier rumors of a split. Samsung is reportedly working on a custom GPU, a development that hinges on AMD's technology. Samsung's current Xclipse 940 GPU, featured in the Exynos 2400, has not met expectations, underscoring the necessity of AMD's expertise for enhanced performance. Traders circulated a Baird note on AMD suggesting reduced 2024 estimates for lowered data center revenue.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 4:28 pm

AAPL

CURLF

Curaleaf Holdings Inc's founder and executive chair, Boris Jordan, emphasized the company's commitment to improving the quality of its cannabis products in an interview at Benzinga’s Cannabis Capital Conference. The company, which is the world's largest cannabis firm by market cap, is focusing on product quality, drawing inspiration from Apple Inc's founder Steve Jobs. Jordan also identified Europe as a key growth opportunity in the cannabis sector and highlighted Curaleaf's securing a brokerage and securities license in Canada.

Portfolio Pulse from AJ Fabino

October 05, 2023 | 4:25 pm

GM shares are trading lower following a report suggesting the company has at least 20 million vehicles with potentially explosive airbag parts.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 4:20 pm