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This week in cryptocurrency saw significant events including Edward Snowden's critique of Senator Elizabeth Warren's anti-Bitcoin stance, a trader's high-risk bet on Bitcoin, Robert Kiyosaki's endorsement of Bitcoin as a path to wealth, a massive increase in Shiba Inu's burn rate, and Max Keiser's proposal for GameStop to adopt a Bitcoin treasury strategy.

Portfolio Pulse from Benzinga Neuro

June 16, 2024 | 10:00 am

AAPL

TSLA

Apple Inc. (NASDAQ:AAPL) has been at the center of tech news this week with its AI-powered features, new iOS 18 update, and a partnership with OpenAI that sparked criticism from Elon Musk. Key developments include Steve Wozniak's take on Apple's AI, the unveiling of iOS 18, and Musk's concerns over data security and privacy.

Portfolio Pulse from Benzinga Neuro

June 16, 2024 | 9:21 am

AGIO

Agios Pharmaceuticals announced that its Phase 3 ENERGIZE study of mitapivat in non-transfusion-dependent thalassemia achieved its primary endpoint, showing significant improvements in hemoglobin response rate and other health-related quality of life measures.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2024 | 4:38 pm

GLW

Josh Brown, CEO of Ritholtz Wealth Management, advises investors to move their money out of cash if it is not needed in the near future. He suggests extending the duration of investments, possibly into treasuries, as he anticipates rate cuts and a softening in economic data. Brown also highlights significant inflows into ETFs, particularly equities and fixed income, in May.

Portfolio Pulse from Bibhu Pattnaik

June 15, 2024 | 3:50 pm

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The EV sector saw significant developments this week, including Tesla's shareholder meeting, Fisker's recall, Workhorse's reverse stock split, and Faraday Future's new deliveries. Tesla's reapproval of Elon Musk's compensation plan and optimistic future projections were key highlights. Fisker faced challenges with a major recall, while Workhorse announced a reverse stock split and strategic collaborations. Faraday Future resumed deliveries and hinted at an affordable EV. Ford eased dealer investment norms due to slow EV adoption. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.83% for the week.

Portfolio Pulse from Shanthi Rexaline

June 15, 2024 | 2:53 pm

BTCUSD

Robert Kiyosaki, author of 'Rich Dad, Poor Dad,' addressed Bitcoin skeptics, stating that while Bitcoin is currently high, it is not as high as it will go. He encourages buying Bitcoin despite its current price. Bitcoin has gained over 56% year-to-date, outperforming the S&P 500 Index. Regulatory uncertainty in an election year may be causing caution among investors.

Portfolio Pulse from Shanthi Rexaline

June 15, 2024 | 2:24 pm

AAPL

GME

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Benzinga reviewed the prospects of popular stocks, highlighting bullish and bearish views. Key points include Jim Cramer's optimism about GameStop, Tim Cook's announcement of new AI features for Apple, and concerns about Elon Musk's engagement with Tesla. Additionally, the FAA is investigating Boeing and Airbus for potentially falsified titanium parts.

Portfolio Pulse from Michael Cohen

June 15, 2024 | 1:21 pm

TSLA

Bernstein analyst Toni Sacconaghi maintains an underweight rating on Tesla (TSLA) despite the approval of Elon Musk's new pay package, which he believes will lead to a 'relief rally.' Sacconaghi predicts Tesla's unit growth will decline this year and any growth will require significant price cuts, impacting earnings and cash flow.

Portfolio Pulse from Ananya Gairola

June 15, 2024 | 10:00 am

AAPL

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Apple Inc. (AAPL) and Nvidia Corp. (NVDA) are identified as the most overbought stocks on Wall Street amid a surge driven by AI advancements. Apple’s stock increased by almost 8% this week, reaching record highs after announcing new AI features at its annual WWDC. Other overbought stocks include Hewlett Packard Enterprise Co. (HPE), The TJX Companies Inc. (TJX), and Broadcom Inc. (AVGO). Analysts suggest a potential pullback for these stocks due to high RSI levels.

Portfolio Pulse from Rounak Jain

June 15, 2024 | 10:00 am

BTCUSD

Canadian musician Drake is facing a potential $1 million loss in Bitcoin due to unsuccessful bets on the NHL and NBA finals. He placed $500,000 bets on the Edmonton Oilers and Dallas Mavericks, both of which are currently losing their series.

Portfolio Pulse from Rounak Jain

June 15, 2024 | 4:41 am