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TSLA

U.S. stocks had a mixed performance as investors focused on earnings reports. General Motors and Philip Morris reported strong results, while Verizon's shares fell after its earnings report. The Fear & Greed Index remains in the 'Greed' zone. Investors are awaiting earnings from AT&T, Boeing, and Tesla.

Portfolio Pulse from Avi Kapoor

October 23, 2024 | 5:42 am

MSTR

Popcat (POPCAT), a Solana-based meme coin, defied the declining trend in the meme coin market, achieving a 5.63% rise in 24 hours and a year-to-date gain of 15344%. This contrasts with Dogecoin and Shiba Inu, which saw declines. Popcat's success highlights significant demand and interest in Solana-based meme coins.

Portfolio Pulse from Aniket Verma

October 23, 2024 | 5:36 am

SBUX

TSLA

TXN

U.S. stock futures are trading lower, with key stocks to watch including AT&T, Texas Instruments, Boeing, Starbucks, and Tesla. AT&T is expected to report earnings, Texas Instruments reported strong Q3 results but weak Q4 guidance, Boeing is expected to post a loss, Starbucks reported weak preliminary results, and Tesla is set to report earnings.

Portfolio Pulse from Avi Kapoor

October 23, 2024 | 5:33 am

TSLA

Tesla's recent Bitcoin wallet activity is a reallocation rather than a sell-off, according to Arkham Intelligence. The company moved 11,509 BTC, worth $771.8 million, across several wallets, sparking speculation about potential custodial movements.

Portfolio Pulse from Aniket Verma

October 23, 2024 | 4:59 am

JBLU

SAVE

ULCC

Spirit Airlines' stock surged over 16% in after-hours trading following reports of renewed merger interest from Frontier Group Holdings. The potential merger discussions are in early stages and may coincide with Spirit's bankruptcy restructuring. Spirit has been under financial strain, especially after a failed merger with JetBlue.

Portfolio Pulse from Benzinga Neuro

October 23, 2024 | 3:11 am

MSTR

WFC

Economist Peter Schiff predicts a significant decline for MicroStrategy Inc. (NASDAQ:MSTR), labeling it as the most overvalued stock in the MSCI World Index. Despite its 220.64% surge year-to-date, Schiff warns of a 'bloodbath' when it crashes. The stock's RSI indicates overvaluation, similar to Wells Fargo & Co. (NYSE:WFC).

Portfolio Pulse from Aniket Verma

October 23, 2024 | 3:08 am

ARKK

ARKW

HOOD

Cathie Wood's Ark Invest sold $5.8M worth of Robinhood shares, despite analyst forecasts of a potential 12% rally. This marks a significant reduction in Ark's holdings of Robinhood, sparking investor discussions. Ark also made trades involving Moderna, Tempus AI, CRISPR Therapeutics, and Cerus Corp.

Portfolio Pulse from Benzinga Neuro

October 23, 2024 | 2:34 am

TSLA

Gary Black from The Future Fund LLC anticipates scrutiny on Tesla's upcoming earnings call, focusing on autonomous driving capabilities and vehicle profitability. Key concerns include Tesla's disengagement rates for autonomous driving, the absence of details on a new compact vehicle, and Cybertruck profitability. Black sees significant growth potential in Tesla's brand leverage and untapped markets, but questions remain about regulatory challenges and political impacts on Tesla's strategy.

Portfolio Pulse from Kaustubh Bagalkote

October 23, 2024 | 2:20 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remained flat as stock markets showed weakness for the second day. Bitcoin's price volatility continues, with analysts predicting potential downsides before a possible liquidity grab. The global cryptocurrency market contracted slightly, while major stock indexes closed lower amid rising Treasury yields.

Portfolio Pulse from Aniket Verma

October 23, 2024 | 2:02 am

DJT

MCD

SBUX

TSLA

On Tuesday, U.S. markets had mixed results, but certain stocks like Trump Media, McDonald's, Starbucks, Philip Morris, and Tesla were trending. Trump Media rose due to a new app launch, McDonald's faced an E. coli outbreak link, Starbucks had weak results, Philip Morris reported strong earnings, and Tesla's shares dipped slightly.

Portfolio Pulse from Benzinga Neuro

October 23, 2024 | 1:49 am