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FBTC

IBIT

MS

Morgan Stanley (NYSE:MS) will allow its financial advisors to offer Bitcoin ETFs to select clients, marking a significant shift in its approach to cryptocurrency. The approved ETFs include BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity’s Wise Origin Bitcoin Fund (CBOE: FBTC). This move follows the SEC's approval of 11 spot bitcoin ETFs and contrasts with the cautious stance of other major banks.

Portfolio Pulse from Khyathi Dalal

August 02, 2024 | 5:24 pm

DNB

Dun & Bradstreet shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 23%.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:24 pm

SSB

SouthState (NYSE:SSB) has seen a 5.56% increase in its short percent of float, now at 6.45%. This is higher than its peers' average of 3.34%. It would take traders 7.19 days to cover their short positions. Increased short interest can indicate bearish sentiment but can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 5:15 pm

INTC

NVDA

Nvidia Corp (NASDAQ:NVDA) is under scrutiny by hedge fund Elliott Management, which labeled the company a 'bubble' due to overhyped AI technology. Nvidia's stock is trading lower, having lost 12.4% in the last 30 days amid geopolitical tensions and a U.S. semiconductor embargo on China. Additionally, the U.S. Department of Justice has commenced an antitrust review against Nvidia. Intel Corp (NASDAQ:INTC) shares also fell 20% after weak Q2 results and job cut announcements.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 5:14 pm

DELL

HPE

HPQ

PSTG

STX

Shares of hardware and storage stocks are trading lower following a soft outlook from Intel.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:11 pm

LULU

Goldman Sachs analyst Brooke Roach downgraded Lululemon Athletica Inc. (NASDAQ:LULU) from Buy to Neutral, lowering the price target from $463 to $286 due to competitive pressures, weak innovation, and declining store traffic. The analyst highlights execution challenges, increased promotional activity, and underperformance in online traffic as key concerns.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 5:10 pm

HMC

MFG

MUFG

SMFG

SONY

TM

Shares of Japanese stocks are trading lower following the Bank of Japan's recent rate hike.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:09 pm

DNB

Dun & Bradstreet shares were halted on a circuit breaker due to a significant upward movement, with the stock now up by 6.22%.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:09 pm

ITRI

Itron (NASDAQ:ITRI) has received mixed ratings from 10 analysts over the past three months, with a majority being bullish. The average 12-month price target has increased to $117.3, reflecting a 7.61% rise. Analysts have raised their price targets, indicating positive sentiment towards the company's financial performance and growth prospects.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 5:08 pm

DNB

Dun & Bradstreet is exploring a potential sale amid takeover interest, according to sources. This development could significantly impact the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:08 pm