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COIN

ETHUSD

Prominent crypto analyst Adam Cochran mocked SEC Chair Gary Gensler over his stance on Ethereum being a security. Cochran's remarks come as the SEC reportedly moved forward with spot Ether ETF applications, suggesting a potential shift in the SEC's view on Ethereum. This news has led to a 16% increase in ETH's price.

Portfolio Pulse from Aniket Verma

May 21, 2024 | 6:10 am

GOTU

Gaotu Techedu (NYSE:GOTU) reported a significant improvement in its Q1 2024 earnings, with GAAP EPS of RMB0.42, up from a loss of RMB(0.05) YoY. Sales also increased by 33.87% to RMB946.885 million, beating estimates.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:09 am

AAPL

MSFT

Microsoft has unveiled new AI-powered Surface notebooks, claiming they are 58% faster than Apple's M3 MacBook Air. These new devices, equipped with Qualcomm's Snapdragon X series chips, feature a neural processing unit (NPU) for enhanced AI capabilities. Microsoft CEO Satya Nadella asserts that these notebooks offer the best specs in terms of ARM-based silicon and performance.

Portfolio Pulse from Ananya Gairola

May 21, 2024 | 6:06 am

AMC

GME

Anthony Scaramucci has labeled the recent surge in meme stocks, particularly GameStop (GME) and AMC Entertainment (AMC), as the 'French Revolution of Finance.' He cautions investors to be careful, predicting a volatile ride ahead. Despite a pullback last week, both stocks resumed their rally on Monday, with GME up 4.19% and AMC up 9.77%.

Portfolio Pulse from Shanthi Rexaline

May 21, 2024 | 5:58 am

PRST

Presto Automation (NASDAQ:PRST) reported Q3 2024 GAAP EPS of $(0.32), missing the $(0.15) estimate, and sales of $4.452M, beating the $4.072M estimate. EPS decreased by 6.67% YoY, while sales decreased by 32.62% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:34 am

BTCUSD

ETHUSD

Renowned financial advisor Ric Edelman predicts Bitcoin could reach $420,000 if 1% of global financial assets are allocated to it. This comes amid growing institutional interest and debates about Bitcoin's future. Bitcoin is currently trading at $70,846, with a 60.39% increase in value since the beginning of the year.

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 5:24 am

BTCUSD

ETHUSD

A significant increase in the probability of a spot Ethereum ETF approval has led to bullish activity among cryptocurrency investors. James Fickel, a prominent investor, swapped $25 million worth of Wrapped Bitcoin for Ether, contributing to a broader market rally. The number of traders going long on ETH has surged, and large transaction volumes have tripled in the last 24 hours.

Portfolio Pulse from Aniket Verma

May 21, 2024 | 4:22 am

DOGEUSD

ETHUSD

SHIBUSD

Memecoins like Pepe and Bonk outperformed major cryptocurrencies such as Bitcoin and Ethereum amid a market rally driven by expectations of an Ethereum spot ETF approval by the SEC. Pepe and Bonk saw significant price increases and trading volumes, surpassing larger market cap coins like Dogecoin and Shiba Inu.

Portfolio Pulse from Aniket Verma

May 21, 2024 | 3:05 am

AMD

ARKF

ARKQ

SHOP

Cathie Wood's Ark Invest made significant trades, purchasing shares of Shopify Inc (SHOP) and Advanced Micro Devices Inc (AMD). Ark Invest's ETFs, including ARKF and ARKQ, were involved in these trades. Shopify's stock fell after its Q1 earnings report, but Ark Invest saw potential and bought 34,060 shares. AMD shares were also purchased, valued at $1.74 million, despite recent underperformance compared to Nvidia. Additionally, Ark Invest sold shares of Global-E Online Ltd (GLBE), Robinhood Markets Inc (HOOD), Exact Sciences Corp (EXAS), and Teladoc Health Inc (TDOC), while buying shares of CRISPR Therapeutics AG (CRSP).

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 2:56 am

DJT

MARA

PANW

TSLA

On Monday, major U.S. indices ended mixed with notable movements in specific stocks. Trump Media & Technology Group fell by 4.98% due to a significant quarterly loss. Marathon Digital surged by 14.76% amid a cryptocurrency rally. Zoom Video saw a slight decline ahead of its earnings report. Palo Alto Networks rose by 1.86% after beating earnings estimates. Tesla fell by 1.41% amid ongoing layoffs.

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 2:24 am