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Stock Prices

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 172% increase in its burn rate, coinciding with a market price rebound. The burn removed over 5 million SHIB tokens, contributing to a recovery from recent lows. SHIB's price has risen, trading up by 3% in the last 24 hours. The Shiba Inu community is excited about ecosystem upgrades, including a user interface update for Shibarium and expanded wallet compatibility.

Portfolio Pulse from Bibhu Pattnaik

April 20, 2024 | 2:58 pm

BTCUSD

The Bitcoin network experienced its fourth halving, reducing the mining reward from 900 to 450 Bitcoin per day, potentially impacting miners' revenue by billions. Despite the halving, Bitcoin's price remained stable around $64,000. The event also led to a significant increase in transaction fees. This halving is part of Bitcoin's strategy to prevent inflation and maintain its cap at 21 million tokens. The mining sector may see consolidation, favoring publicly traded companies with better resources.

Portfolio Pulse from Bibhu Pattnaik

April 20, 2024 | 2:41 pm

BTCUSD

DOGEUSD

Doge Day, celebrated on April 20, is an informal event for Dogecoin (DOGE) enthusiasts, coinciding with a surge in its price and trading volume. This year, it follows the Bitcoin (BTC) halving event, which typically leads to a 'sell the news' market reaction. Bitcoin saw a 1.50% decrease, while Doge increased by 0.48%. Despite recent gains, Doge remains below its all-time high. Elon Musk, once a major promoter of Doge, has reduced his mentions of the coin, though he recently acknowledged Doge Day in relation to SpaceX's Starship launch anniversary.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:59 pm

AAWH

AYRWF

CRLBF

CURLF

GTBIF

MRMD

TCNNF

This 4/20, cannabis retailers anticipate record sales, with brands like MariMed's Betty’s Eddies, Cresco's High Supply, Ascend Wellness's Simply Herb, and others leading in various states. The article highlights market leaders in the East, Midwest, California, Nevada, Florida, and New York, with a focus on companies like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Trulieve. The pre-roll segment and the competitive landscape in each state are also discussed, indicating a highly anticipated sales surge.

Portfolio Pulse from Nicolás Jose Rodriguez

April 20, 2024 | 1:54 pm

AVGO

CGC

DKNG

TSLA

Wall Street faced a downturn with the S&P 500 and Nasdaq Composite experiencing significant drops, attributed to inflation fears and monetary policy concerns. Despite this, bullish and bearish perspectives emerged on stocks like Tesla, DraftKings, Broadcom, and Canopy Growth, alongside discussions on Dogecoin's potential. The Federal Reserve's stance on interest rates and geopolitical risks also influenced market sentiment.

Portfolio Pulse from Michael Cohen

April 20, 2024 | 1:42 pm

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GOEV

KARS

LCID

RIVN

TSLA

Tesla faced a challenging week with job cuts, price reductions, and lowered analyst expectations, impacting its stock negatively. Rivian also announced job cuts due to the industry slowdown. Canoo received a 'Buy' rating from Benchmark, while Lucid showcased its 2024 Air Grand Touring with the longest range among US EVs. Fisker announced new dealer partnerships amid bankruptcy concerns. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader market trends and specific company issues in the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:33 pm

BTCUSD

SPY

The article discusses the significant return on investment for those who invested in Bitcoin during the May 2020 halving, comparing it to the performance of the SPDR S&P 500 ETF Trust (SPY). It highlights the concept and historical impact of Bitcoin halvings, including the most recent one, and notes the approval of Bitcoin ETFs in January 2024 as a key event for Bitcoin this year.

Portfolio Pulse from Chris Katje

April 20, 2024 | 1:07 pm

TSLA

Elon Musk hinted at the imminent launch of Tesla's Full Self-Driving (FSD) feature in China in response to a Chinese Tesla owner's inquiry. This follows Tesla's decision to halve the price of its FSD package, making it more accessible. The FSD software, still in beta and requiring driver supervision, is expected to see significant improvements, with Musk announcing three major updates every two weeks. Additionally, Tesla has restarted its offer to allow FSD software transfer to new vehicle purchases.

Portfolio Pulse from Navdeep Yadav

April 20, 2024 | 8:04 am

AAPL

Steven Sinofsky, former Windows head, criticized Sen. Elizabeth Warren's claim that Apple Inc. has a 'smartphone monopoly', citing Apple's market share does not meet monopoly criteria. This comes amid increased scrutiny of Apple by lawmakers and regulators, especially after Warren supported a DOJ antitrust case against Apple, focusing on its smartphone market share and the discontinuation of the 'iMessage for Android' app, Beeper Mini. Apple's stock closed down 1.22% at $165.

Portfolio Pulse from Rounak Jain

April 20, 2024 | 7:48 am

ASML

NVDA

QQQ

SMCI

TSM

Elon Musk mocked Nvidia's 10% stock decline, which resulted in a $211 billion market cap loss, calling it 'rookie numbers'. This decline contributed to a record $950 billion loss in market cap for the 'Magnificent 7' tech stocks, including Tesla and Nvidia, over the last week. The Nasdaq 100 index, tracked by Invesco QQQ Trust, saw its worst week since October 2022, dropping 5.3%. Nvidia's fall was part of a broader tech stock downturn, influenced by poor earnings from ASML and a bleak chip market outlook from TSM, despite TSM's revenue growth.

Portfolio Pulse from Rounak Jain

April 20, 2024 | 5:28 am