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FBTC

GBTC

IBIT

BlackRock's iShares Bitcoin Trust (IBIT) has overtaken Grayscale Bitcoin Trust (GBTC) as the largest Bitcoin ETF, with nearly $20 billion in assets and a lower expense ratio. This shift highlights the growing competition and mainstream acceptance of Bitcoin ETFs.

Portfolio Pulse from Surbhi Jain

May 30, 2024 | 4:27 pm

SPY

Federal Reserve's John Williams stated that there is no urgency to act on monetary policy and that the Fed does not need to reach exactly 2% inflation to consider cutting rates.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:25 pm

SPTN

SpartanNash Company (NASDAQ:SPTN) reported mixed Q1 FY24 results, with a revenue decline of 3.5% Y/Y to $2.81 billion, missing estimates. Adjusted EPS of $0.53 beat expectations, but the company lowered its FY24 sales forecast. Shares are down 3.40%.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 4:23 pm

AAPL

GOOGL

META

VOX

XLC

Google and Magic Leap have entered into a strategic partnership to create immersive AR/VR experiences. This collaboration marks Google's renewed interest in the AR/VR market, which is currently dominated by Meta and Apple. The partnership will leverage Magic Leap's expertise in optics and device manufacturing with Google's advanced technology platforms. Although specific details are scarce, the collaboration could yield new innovations. Alphabet's stock has gained over 39% in the last 12 months, and investors can gain exposure through ETFs like XLC and VOX.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 4:22 pm

SPY

Fed's Williams stated he is not concerned about the actions of other central banks and is uncertain when the Fed will change its monetary policy. He also mentioned that interest rates will need to come down at some point.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:21 pm

ADM

Shares of Archer-Daniels-Midland (ADM) have dropped following the circulation of a report from Hunterbrook. The report's details are not provided, but the market reaction indicates investor concern.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:20 pm

DOGEUSD

SHIBUSD

Cryptocurrency trader Altcoin Sherpa has touted Dogecoin (DOGE) as one of the safest bets for traders, predicting it could reach $0.40 due to retail interest, potential tweets from Elon Musk, and its liquidity. Despite recent muted performance, there is growing bullish sentiment around Dogecoin.

Portfolio Pulse from Ivan Crnogatić

May 30, 2024 | 4:19 pm

SPY

Federal Reserve's John Williams expressed confidence in the current monetary policy, stating it is working as intended.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:18 pm

BTCUSD

ETHUSD

TSLA

Elon Musk stated on X that he has never discussed cryptocurrency with Trump but supports the idea of crypto shifting power from the government to the people.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:09 pm

AEO

ANF

GPS

Abercrombie & Fitch (NYSE:ANF) reported a stellar fiscal first quarter with a 22% YoY sales increase and a sevenfold rise in net income. Shares initially rose 25% but fell the next day. The company raised its full-year sales growth outlook to 10%. American Eagle Outfitters (NYSE:AEO) also reported positive results with a 6% revenue increase and maintained its guidance. The Gap Inc (NYSE:GPS) is set to announce its results soon.

Portfolio Pulse from Upwallstreet

May 30, 2024 | 4:08 pm