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BTCUSD

Crypto analyst Michaël van de Poppe predicts a new all-time high for Bitcoin (BTC) before the upcoming halving event if it breaks the $71-72K resistance level. Altcoins are struggling in their Bitcoin pairs, indicating a potential rotation. Bitcoin has recently surpassed $70,000, gaining 4.6% this week and 67.8% since the start of the year, influenced by positive PPI data and interest from the ultra-rich investment club, R360. The halving event, expected on April 20, could significantly impact Bitcoin's price.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 4:16 am

AAPL

NVDA

Jim Cramer, a CNBC financial commentator, has voiced his support for Federal Reserve Chair Jerome Powell, NVIDIA's CEO Jensen Huang, and Apple's CEO Tim Cook, against Wall Street's skepticism. Cramer praised Powell's leadership, defended NVIDIA against concerns of competition in graphics chips, and dismissed the notion that Apple is in a no-growth phase, citing plans to revamp its Mac line with AI chips. He encouraged Wall Street to trust in their ability to deliver positive results, highlighting his successful track record with these figures.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 3:08 am

COIN

NVDA

PLTR

Cathie Wood's Ark Invest executed significant trades, selling over $20M in Coinbase (COIN) shares despite Bitcoin's rise above $70K, buying Palantir (PLTR) shares, and selling Nvidia (NVDA) stock. These moves reflect strategic adjustments in Ark's investment portfolio, with sales from ARKK and ARKW ETFs and purchases indicating a focus on AI and healthcare technologies.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 2:54 am

BTCUSD

Barbara Goodstein of the R360 Club, an investment club for individuals with fortunes over $100 million, endorsed Bitcoin as a prime investment, comparing it to gold. This endorsement reflects a growing interest in cryptocurrency among the world's wealthiest, coinciding with Bitcoin's value surge above $70,000. Notable figures like Michael Novogratz and Robert Kiyosaki have also shown support for Bitcoin, contrasting with Peter Schiff's advice to invest in gold and silver instead.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 2:17 am

AAPL

AMZN

NKLA

RIVN

TSLA

On Thursday, major U.S. stock market indexes closed higher, with notable movements in shares of Apple, Rivian, Amazon, Nikola, and Tesla. Apple's stock rose by 4.33% amid news of a Mac line overhaul and the development of the M4 processor. Rivian's shares fell to a new all-time low, dropping by 6.82% due to concerns about the company's future. Amazon's stock reached a new all-time high, increasing by 1.67%, as CEO Andy Jassy emphasized the company's focus on artificial intelligence. Nikola's shares plummeted by 26.73% following a Peer Perform rating from Wolfe Research, citing infrastructure and cost challenges. Tesla's stock increased by 1.65%, showing signs of recovery amidst market turbulence.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 2:04 am

EZGO

Trading for EZGO was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure awaiting a significant announcement.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:50 pm

AGEN

Trading for AGEN was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:50 pm

CISS

Trading for CISS was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:50 pm

FLNT

Trading for FLNT was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:50 pm

AMC

CVX

TSLA

Tesla Inc (NASDAQ:TSLA) shares have dropped 30% in 2024, with first-quarter deliveries missing estimates, making it one of the S&P 500's worst performers. The stock is heavily shorted, with a Hazeltree report giving it a 'crowdedness' score of 99, the highest for large-cap stocks. Chevron Corp (NYSE:CVX) and Wayfair Inc. (NYSE:W) also received high crowdedness scores, with CVX matching Tesla's score. AMC Entertainment Holdings (NYSE:AMC) was noted among small-cap stocks. Tesla's institutional supply utilization score is 2.18%, indicating a small percentage of shares from institutional investors being lent out. Despite the current downturn, Tesla's long-term performance remains strong, with significant gains over the past five and ten years.

Portfolio Pulse from Chris Katje

April 11, 2024 | 10:39 pm