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BTCUSD

Bitcoin analyst Kevin Svenson predicts a new all-time high for Bitcoin, drawing on historical patterns and the current market cycle. Bitcoin is currently 35 months past its last all-time high, suggesting a potential breakout. Despite recent stagnation, optimism remains for Bitcoin's future price trajectory.

Portfolio Pulse from Rounak Jain

October 27, 2024 | 5:06 am

TSLA

Tesla has produced its one millionth Model Y at the Fremont factory's GA4 facility, highlighting the success of its 'Big Tent' production strategy. The Fremont factory, acquired from Toyota, is now the highest production car factory in the Americas.

Portfolio Pulse from Anan Ashraf

October 27, 2024 | 4:49 am

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DAL

MSFT

Delta Air Lines has filed a $500 million lawsuit against CrowdStrike over a July outage that disrupted flights and affected 1.3 million customers. The incident, described as the largest IT outage in history, also impacted Microsoft. Delta is seeking damages for lost profits and reputational harm.

Portfolio Pulse from Rounak Jain

October 27, 2024 | 4:36 am

Boeing is considering selling its Starliner spacecraft and NASA business to reduce losses, amid ongoing technical issues and financial struggles. The company is in early talks, including with Blue Origin, but no deals are confirmed. Boeing's financial losses have increased significantly, and its stock has declined.

Portfolio Pulse from Anan Ashraf

October 27, 2024 | 2:21 am

DJT

RUM

Chris Pavlovski, CEO of Rumble Inc. (NASDAQ:RUM), has become a key figure in right-wing politics by supporting Trump Media & Technology Group Corp (NASDAQ:DJT) with technical infrastructure for Truth Social. Rumble, backed by conservative investors, has grown significantly, becoming a platform for conservative content. Pavlovski's international hiring practices have raised concerns, but his influence in conservative circles continues to grow.

Portfolio Pulse from Nabaparna Bhattacharya

October 26, 2024 | 8:54 pm

HOOD

ICE

The NYSE, part of Intercontinental Exchange, plans to extend trading hours on its Arca exchange to 22 hours per day, pending regulatory approval. This move aims to meet global demand for U.S. equities. Robinhood Markets already offers 24-hour trading for select stocks and ETFs.

Portfolio Pulse from Erica Kollmann

October 26, 2024 | 7:00 pm

ANF

CGV

QVAL

Former Abercrombie & Fitch CEO Mike Jeffries has pleaded not guilty to charges of sex trafficking and interstate prostitution. The case involves allegations of a network used during his tenure at the company. ANF stock has risen over 15% in the past six months, with exposure available through ETFs CGV and QVAL.

Portfolio Pulse from Nabaparna Bhattacharya

October 26, 2024 | 6:45 pm

EDR

PPG

SJM

TKO

WOLF

Endeavor Group Holdings is considering selling IMG tennis assets, while TKO Group Holdings, parent of UFC and WWE, acquired IMG's sports marketing agency in a $3.25 billion deal. TKO also announced a $2 billion share-repurchase program. PPG sold its architectural coatings business for $550 million, and J.M. Smucker sold its cookie brand for $305 million. Wolfspeed paused plans for a German plant, and Verizon offered to buy Frontier Communications.

Portfolio Pulse from Anthony Noto

October 26, 2024 | 6:31 pm

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CURLF

GTBIF

ITHUF

SNDL

TCNNF

Florida's cannabis market is poised for significant changes with the upcoming recreational cannabis vote. The market is experiencing deflation, with sales dropping despite volume growth, and a competitive landscape is emerging. Key players like Trulieve, Verano, and AYR are expanding retail operations, while M&A activity is expected to increase. Companies like AYR and iAnthus may become acquisition targets due to financial challenges, while others like Green Thumb and Curaleaf are positioned to acquire assets. If recreational cannabis is legalized, the market could triple, offering substantial growth opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

October 26, 2024 | 6:15 pm

BLD

CSL

FIX

GPC

HCA

ICLR

NEM

TER

THC

UHS

Several large-cap stocks experienced significant declines last week, with ICON plc, Genuine Parts Company, and Newmont Corporation among the top losers. These declines were primarily due to worse-than-expected financial results and subsequent analyst downgrades.

Portfolio Pulse from Lekha Gupta

October 26, 2024 | 3:00 pm