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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

KWE

Trading has been halted for an unspecified asset at 7:50:00 p.m. ET due to pending news. The halt indicates that significant information is expected to be released, which could impact the asset's price once trading resumes.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 11:50 pm

KWESW

Trading for KWESW has been halted as of 7:50:00 p.m. ET due to pending news. This indicates that significant information regarding the company is expected to be released soon, which could impact its stock price.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 11:50 pm

BDN

Brandywine Realty Trust reported Q3 2024 earnings of $0.23 per share, missing the consensus estimate of $0.24. Sales were $131.782 million, below the expected $134.246 million. Earnings decreased by 20.69% from last year, while sales increased by 1.86%.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 9:58 pm