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C

GDX

NEM

RING

Newmont Corporation (NYSE:NEM) is selling its Akyem gold mine in Ghana, targeting $2 billion, with interest from Chinese companies and others. Citigroup, Inc. (NYSE:C) is managing the sale. The move is part of Newmont's strategy to generate cash through divestitures following its acquisition of Newcrest Mining Ltd., aiming to offload six non-core assets to reduce debt and improve financials. NEM stock has declined over the past year, but investors can also gain exposure through ETFs like iShares MSCI Global Gold Miners ETF (NASDAQ:RING) and VanEck Gold Miners ETF (NYSE:GDX).

Portfolio Pulse from Nabaparna Bhattacharya

March 23, 2024 | 4:50 pm

SOLUSD

Book of Meme (BOME), a meme coin in the Solana ecosystem, has seen a dramatic increase in price, soaring over 22,000% in just 10 days. Factors contributing to this surge include a rise in open interest among derivatives traders, a notable short squeeze, and increased derivatives volume. Binance is investigating potential insider trading related to BOME, and the crypto community is anticipating the debut of Book of Meme 2.0 (BOME2) on LBank.

Portfolio Pulse from Bibhu Pattnaik

March 23, 2024 | 2:16 pm

F

FSR

GOEV

KARS

TSLA

This week, Tesla faced challenges in China, Ford planned a reentry into India's EV market, and Canoo aimed to improve profitability. Tesla's production cut in China and SEC probe concerns, along with Ford's strategy to leverage India's new EV policy, and Canoo's designation as a Foreign Trade Zone were key events. Fisker sought financing to avoid bankruptcy, and BYD expanded into Greece. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader EV stock underperformance despite Tesla's slight gain.

Portfolio Pulse from Shanthi Rexaline

March 23, 2024 | 1:12 pm

PANW

STZ

Jim Cramer believes Palo Alto Networks (PANW) has been 'overly punished' this year, with its stock down about 2% YTD, despite the S&P 500's 10% gain. He attributes this to a shift in business strategy but sees it as a short-term setback for long-term gains. Meanwhile, Constellation Brands (STZ) received a buy-equivalent rating from Piper Sandler with a $300 price target, indicating bullish sentiment. Cramer is optimistic about both companies' futures.

Portfolio Pulse from Navdeep Yadav

March 23, 2024 | 11:00 am

BTCUSD

Cryptocurrency analyst Michaël van de Poppe suggests the recent 7% drop in Bitcoin (BTC) is part of a larger cycle, attributing it to the upcoming halving event. He believes this consolidation signals a 'peaking pre-halving' phase, similar to previous cycles, and anticipates a 'long, massive bull market' ahead for Bitcoin. Despite the correction, Van de Poppe remains bullish, viewing any dips as buying opportunities. The next Bitcoin halving, which reduces mining rewards, is expected next month.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 8:30 am

AAPL

Apple Inc. CEO Tim Cook's recent visit to China aimed to reassure the Chinese government of Apple's commitment amidst declining sales in the region. Gene Munster of Deepwater Asset Management highlighted the visit's significance, noting it was more crucial than the DOJ's antitrust lawsuit against Apple. Munster pointed out a 13% drop in China revenue in December and a 24% decrease in iPhone sales in the first half of the March quarter. He speculated the visit aimed to prevent potential fallout from a TikTok ban or forced sale, rather than being a mere PR stunt to boost sales. Munster predicts a decrease in China's share of Apple's sales from 17% in 2023 to 15%, with India and the West compensating for the decline.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 6:38 am

DWAC

Former President Donald Trump is set to gain $3 billion from the merger of Truth Social with Digital World Acquisition Corp. (NASDAQ:DWAC), making DWAC a 'meme stock on steroids,' according to CNBC's Herb Greenberg. The merger, approved by DWAC's majority shareholders, grants Trump a 58% stake in the new entity. Greenberg criticizes the stock's meme status and political undertones, suggesting only meme stock enthusiasts are investing. Additionally, DWAC's connection to China-based ARC Group, holding a 7.8% stake, is highlighted amidst regulatory challenges and Trump's legal financial needs.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 4:00 am

BOME

SHIB

Book Of Meme (BOME) has seen a 6.4% price increase and a 13.4% rise in trading volume to $1.5 billion in the past 24 hours, surpassing Shiba Inu's (SHIB) volume. Binance will list BOME on its spot and futures market with a seed tag due to potential volatility and introduce a USDT-margined BOME Perpetual Contract with up to 50x leverage. BOME's derivatives data shows a 30% volume surge and $143.4 million in open interest, indicating bullish momentum. Technical analyst Kyledoops suggests BOME has established solid support, hinting at potential gains.

Portfolio Pulse from Khyathi Dalal

March 23, 2024 | 3:25 am

TSLA

Venture capitalist David Sacks defended Elon Musk against critics claiming he's not dedicating enough time to Tesla, attributing the company's challenges to cyclical issues rather than leadership. Despite Tesla's stock dropping 34% year to date and facing operational challenges, Goldman Sachs sees potential growth catalysts for Tesla, including new model production and technological updates. However, risks like price reductions, competition, and operational hurdles could impact its valuation.

Portfolio Pulse from Ananya Gairola

March 23, 2024 | 2:42 am

BTCUSD

Ark Invest CEO Cathie Wood predicts Bitcoin could reach $3.8 million by 2030, attributing the potential surge to increasing institutional adoption and the introduction of new ETF products. Wood's firm, along with others like BlackRock and Fidelity, received SEC approval for spot Bitcoin ETFs, driving demand for Bitcoin. The upcoming Bitcoin halving event is also expected to contribute to this demand-driven rally.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 2:18 am