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ETHUSD

PENDLEUSD

Arthur Hayes, co-founder of BitMEX, has locked 1.65 million Pendle (PENDLE) tokens worth $8.4 million until September 5, indicating strong belief in the token's future. A whale also made significant profits by trading PENDLE on Binance.

Portfolio Pulse from Khyathi Dalal

June 11, 2024 | 3:33 pm

BTCUSD

JPM

Three Democratic senators have urged the Federal Reserve to cut the federal funds rate from its current high of 5.5% to prevent further economic slowdown and address inflation more effectively. This call comes as financial markets adjust their expectations for an interest rate cut, impacting Bitcoin's rally. The senators argue that high interest rates are increasing costs in housing, construction, and auto insurance, potentially pushing the economy into a recession. JPMorgan analysts also note rising rent costs due to higher interest rates.

Portfolio Pulse from Murtuza Merchant

June 11, 2024 | 3:33 pm

AAPL

GRMN

Citron Research has posted a negative outlook on Garmin (GRMN), citing the impact of Apple's (AAPL) new Apple Watch OS11, which includes advanced fitness features. This development is expected to make Garmin's fitness products less relevant.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:33 pm

NEE

NextEra Energy shares are trading lower after the company reaffirmed its 2024-2026 EPS guidance and issued 2027 targets ahead of its Investor Day event.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:33 pm

PDD

Significant options activity has been observed for PDD Holdings (NASDAQ:PDD), with a mix of bullish and bearish trades. The majority of the trades are calls, indicating a bullish sentiment. Analysts have issued positive ratings with high target prices for PDD Holdings.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 3:32 pm

NEE

Unusual options activity has been observed for NextEra Energy (NYSE:NEE), with a significant amount of bearish sentiment. The options trades include 6 puts and 4 calls, indicating a price target range of $72.5 to $82.5. The stock is currently down 6.44% at $72.01, and analysts have mixed ratings with an average target price of $84.0.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 3:31 pm

TTWO

Take-Two Interactive (NASDAQ:TTWO) has significantly outperformed the market over the past 20 years, delivering an average annual return of 11.03%. A $1000 investment in TTWO 20 years ago would be worth $8,225.99 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 3:30 pm

BUG

GOOG

GOOGL

NVDA

SPRX

ZS

Zscaler, Inc. (NASDAQ:ZS) and NVIDIA Corporation (NASDAQ:NVDA) have entered into a strategic partnership to enhance AI-driven security solutions. Zscaler will utilize NVIDIA’s AI to improve its Zero Trust Exchange platform, boosting defense mechanisms against cyber threats. Additionally, Zscaler has intensified its collaboration with Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) to fortify Zero Trust architectures. ZS stock has gained 19% in the past 12 months and is trading higher by 0.97% at $185.70.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 3:30 pm

DHI

D.R. Horton (NYSE:DHI) has outperformed the market over the past 20 years with an average annual return of 9.95%, resulting in a $1000 investment growing to $6,681.01. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 3:30 pm

SHOP

Shopify shares are trading higher after JP Morgan initiated coverage on the stock with an Overweight rating and a $74 price target.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:28 pm