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BTCUSD

Bitcoin miners have reportedly sold over 20,000 BTC this week, marking the largest amount sold since April. This suggests that miners are capitalizing on higher Bitcoin prices to offset their operational costs. The sell-off can add significant sell pressure to the market. Most cryptocurrencies experienced minor corrections over the past week, but Bitcoin remained relatively flat, hovering around the $27,400 level.

Portfolio Pulse from Mehab Qureshi

October 11, 2023 | 10:32 am

C

JPM

KBWB

Major banks including JPMorgan Chase & Co. and Citigroup, Inc. are set to release their quarterly results this week. Analysts will be focusing on the impact of the 76 basis points increase in the 10-year Treasury yield during the third quarter and the stability of deposits. FactSet analyst Sean Ryan anticipates a slowdown in the flow of demand deposits into money market accounts and CDs, which could increase deposit costs and pressure net interest margins. He also expects weak mortgage volume, strong credit card spending, growth in investment banking, and depressed advisory fees. The Invesco KBW Bank ETF, which tracks the KBW Nasdaq Bank Index's performance, rose 0.58% to $39.81.

Portfolio Pulse from Shanthi Rexaline

October 11, 2023 | 10:28 am

ANET

Piper Sandler analyst James Fish has downgraded Arista Networks (NYSE:ANET) from Overweight to Neutral and set a price target of $190.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:22 am

RXO

JP Morgan analyst Brian Ossenbeck has downgraded RXO (NYSE:RXO) from Neutral to Underweight and lowered the price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:20 am

SFT

Shift Technologies has been notified by Nasdaq that it will commence proceedings to delist the company's common stock. Trading of the stock will be suspended at the opening of business on October 19.

Portfolio Pulse from Charles Gross

October 11, 2023 | 10:16 am

PTLO

Morgan Stanley analyst Brian Harbour has downgraded Portillos (NASDAQ:PTLO) from Overweight to Equal-Weight and set a price target of $19.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:13 am

NXU

NXU has received a formal notice from Nasdaq that its Class A common stock will be delisted from Nasdaq on October 19.

Portfolio Pulse from Charles Gross

October 11, 2023 | 10:11 am

SILK

Citigroup analyst Joanne Wuensch has downgraded Silk Road Medical (NASDAQ:SILK) from Buy to Sell and lowered the price target from $35 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:09 am

SHCR

John Chadwick, on behalf of Claritas Capital, has submitted a preliminary non-binding proposal to the board for the acquisition of all Sharecare shares not owned by reporting persons. The proposed price range is $1.35 to $1.80 per share in cash.

Portfolio Pulse from Charles Gross

October 11, 2023 | 10:09 am

PRM

UBS analyst Joshua Spector has downgraded Perimeter Solutions (NYSE:PRM) from Buy to Neutral and lowered the price target from $7 to $4.25.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:07 am