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AAPL

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Anna Paglia, the managing director and global head of ETFs and indexed strategies at Invesco QQQ Trust, sees a bearish pattern in the Big Tech rally. The QQQ ETF has outperformed the S&P 500 by over 17% in 2023, but Paglia believes there's not a high conviction in the short term.

Portfolio Pulse from Bibhu Pattnaik

May 21, 2023 | 1:57 pm

GOOG

GOOGL

PLTR

ARK Invest's CEO Cathie Wood shared her optimistic outlook on AI at Fortune’s Most Powerful Next Gen conference, emphasizing the crucial role of natural language processing (NLP) in the rise of AI. She believes AI will augment productivity but may displace some workers. Wood also suggested that AI-driven technologies like ChatGPT could pose a threat to Google.

Portfolio Pulse from Michael Cohen

May 20, 2023 | 9:04 pm

CYTK

Cytokinetics (NASDAQ:CYTK) presented new data from Cohort 4 of REDWOOD-HCM, a Phase 2 clinical trial of aficamten in patients with non-obstructive hypertrophic cardiomyopathy (nHCM). The treatment showed statistically significant improvements in various health measures, and a Phase 3 clinical trial is set to begin in 2H 2023.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2023 | 7:46 pm

BUD

DIS

KEY

OKE

TSN

WAL

ZION

Barron's weekend stock picks include Oneok's stock falling due to its planned merger with Magellan Midstream Partners, Tyson Foods' stock dipping after a disappointing fiscal Q2, and Disney's rating being lowered due to its pivot to streaming and slow growth in its parks business. Additionally, Anheuser-Busch InBev is trading at a high discount, and regional banks like Western Alliance Bancorp, KeyCorp, and Zions Bancorp are experiencing volatility amid Treasury Secretary Janet Yellen's announcement of potential bank mergers.

Portfolio Pulse from Justin Chan

May 20, 2023 | 6:30 pm

BTCUSD

Bloomberg's macro strategist Mike McGlone warns that Bitcoin and other crypto assets could crash if the stock market falls off a cliff. He predicts a severe correction for most altcoins and a new bear market bottom for Bitcoin, with the downturn lasting for months.

Portfolio Pulse from Bibhu Pattnaik

May 20, 2023 | 5:42 pm

META

Meta Platforms Inc. CEO Mark Zuckerberg's fortune has grown by $44 billion this year, ranking him as the 12th richest person with a net worth of $89.9 billion. Meta's Instagram is developing a new Twitter-like text app, and the company's revenue outlook is brightening, with analysts setting a target of $320 a share.

Portfolio Pulse from Bibhu Pattnaik

May 20, 2023 | 5:07 pm

BTCUSD

Crypto analyst Justin Bennett predicts that Bitcoin (BTC) may fall to $25,000 in June before rebounding. He believes the market could break below $25,000 after some consolidation, with a target of $23,000 in the next few weeks. Another analyst, Bluntz, sees potential for a bounce after overcoming key resistance levels.

Portfolio Pulse from Bibhu Pattnaik

May 20, 2023 | 2:17 pm

FSR

GOEV

TM

TSLA

EV stocks closed the week ended May 19 on a positive note, with Tesla stock rising to a one-month high. Key events include Tesla's annual shareholder meeting, Fisker's announcement of the next phase of production for its Ocean SUVs, Ford's decision to scale back investments in China, and Canoo's narrowed Q1 loss. Toyota remains cautious about EV adoption due to high raw material costs and a muted outlook on charging infrastructure.

Portfolio Pulse from Shanthi Rexaline

May 20, 2023 | 1:51 pm

CCL

NCLH

PLTR

RCL

TSLA

Last week, major indices ended in the green, with the Nasdaq Composite gaining 3.04%. Cathie Wood's Ark Invest purchased additional shares of Palantir Technologies (PLTR) as the stock reached a 1-year high. Cruise stocks, including Carnival Corp. (CCL), Norwegian Cruise Line Holdings (NCLH), and Royal Caribbean Cruises (RCL), are expected to benefit from increased spending in the coming months. Tesla (TSLA) CEO Elon Musk is predicted to remain in his position for at least five more years.

Portfolio Pulse from Michael Cohen

May 20, 2023 | 1:39 pm

PARA

Jon Taffer, star of Paramount Global's 'Bar Rescue,' spoke at VeeCon 2023 about the common denominator for failure in businesses: making excuses. He emphasized the importance of taking control and not putting things off, as time is money.

Portfolio Pulse from Adam Eckert

May 20, 2023 | 1:19 pm