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AMD

AMZN

COIN

HOOD

META

PLTR

TSLA

Ark Invest, led by Cathie Wood, made significant trades in several major companies amid a market downturn on Monday. Key purchases included shares of Tesla, Amazon, Coinbase, Robinhood, Meta Platforms, AMD, and Palantir. The firm also sold shares of Block, SoFi Technologies, UiPath, Ginkgo Bioworks, and Verve Therapeutics.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 3:21 am

AAPL

HOOD

NVDA

Robinhood Markets Inc (NASDAQ:HOOD) has suspended its 24-hour trading service due to issues at its third-party execution venue, Blue Ocean ATS. This comes amid a turbulent period for global markets, with Robinhood shares dropping nearly 12% and major indices like the Dow Jones, S&P 500, and Nasdaq Composite experiencing significant declines. Other firms, including Charles Schwab, also faced technical issues on the same day.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 2:45 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, rebounded after a significant crash. Bitcoin's price rose to $55,987.91, Ethereum to $2,536.80, and Dogecoin to $0.09892. Analysts suggest Bitcoin could reach $67,000 if it maintains a support level of $54,000. Stock markets also experienced a rebound after a severe drop.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 2:41 am

MARUY

SFTBF

SFTBY

Japan's stock market rebounded significantly after a historic plunge, with the Nikkei 225 and Topix gaining nearly 10%. This recovery was supported by strong service sector and employment data. US futures also showed improvement.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 2:03 am

BTCUSD

Former President Donald Trump expressed his support for cryptocurrencies, stating that the U.S. government should not be selling Bitcoin. He emphasized the importance of building cryptocurrency infrastructure to avoid falling behind countries like China. Trump's comments come after the U.S. Department of Justice moved $2 billion in Bitcoins from its cold wallet, raising questions about the government's intentions.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 1:59 am

GOOG

GOOGL

Senator Bernie Sanders stated that Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) might be worth $2 trillion, but it is not above the law, following a federal judge's ruling that the company's monopoly in the online search market is illegal. Sanders suggested breaking up the company to hold it accountable.

Portfolio Pulse from Ananya Gairola

August 06, 2024 | 1:46 am

AAWH

ACRHF

CCHW

CRLBF

GTBIF

MRMD

VEXTF

As Ohio begins recreational cannabis sales on August 6, Pablo Zuanic of Zuanic & Associates has initiated coverage of Vext Science (OTC:VEXTF) with an Overweight rating, citing significant growth potential. Zuanic projects Vext's EBITDA could grow six-fold by CY26. The Ohio market is expected to reach $2.36 billion by 2026. Despite trading in line with the MSO average, Vext's stock valuation does not yet reflect the expected EBITDA ramp. Other MSOs mentioned include Acreage (OTCQX:ACRHF), Cannabist (CSE:CCHW), Ascend (OTC:AAWH), Cresco (OTC:CRLBF), Green Thumb (OTCQX:GTBIF), and MariMed (OTCQB:MRMD).

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:52 pm

BIVI

Trading for BIVI was halted at 7:50:00 p.m. ET due to pending news. Investors should stay alert for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 11:50 pm

AAPL

CSCO

CZR

DIA

ETSY

INTC

SPY

WBA

Tech stocks led the Dow Jones Industrial Average to its largest drop in almost two years, with the index falling 2.6% and the S&P 500 shedding 3%. Major tech stocks like Intel, Apple, and Cisco saw significant declines. The SPDR Dow Jones Industrial Average and SPDR S&P 500 ETF Trust also fell. Investors are concerned about a weakening U.S. economy following a cooler-than-expected jobs report.

Portfolio Pulse from Michael Juliano

August 05, 2024 | 11:32 pm

GTBIF

Green Thumb Industries Inc. (OTC:GTBIF) reported strong Q2 2024 financial results with an 11% increase in revenue to $280 million, a net income of $20.7 million, and an adjusted EBITDA of $94 million. The company also repurchased shares worth $20 million and opened new dispensaries, contributing to its market expansion. However, rising costs and regulatory challenges remain areas to watch.

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:15 pm