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EWG

The Germany Consumer Price Index (CPI) for March remained stable at a 0.4% month-over-month increase. This stability in inflation rates could influence investor sentiment towards German markets and related investment vehicles, such as the iShares MSCI Germany ETF (EWG).

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 6:07 am

BTCUSD

DOGEUSD

ETHUSD

Glauber Contessoto, known for his early investment in Dogecoin, emphasized the importance of conviction in cryptocurrency investments. Despite facing ridicule, his belief in Dogecoin paid off, with the coin rising 121.4% this year, outperforming Bitcoin and Ethereum. Contessoto, who once saw his fortune drop significantly, remains optimistic about Dogecoin's potential.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 5:54 am

TSLA

Wedbush analyst Daniel Ives emphasized the importance of Tesla, Inc. (NASDAQ:TSLA) focusing on the development of the Model 2 vehicle, a sub-$30,000 electric vehicle, as a critical component for the company's future growth. Ives argued that relying on robotaxis as a replacement for the Model 2 would be a risky strategy and could negatively impact Tesla's growth narrative. He sees 60% of Tesla's future growth coming from the Model 2 and suggests that full autonomy for robotaxis may not be achieved until 2030. Despite the concerns, Ives remains long-term bullish on Tesla, maintaining an Outperform rating and a $300 price target for the stock.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 5:52 am

PGR

Progressive Corporation (NYSE:PGR) is anticipated to release its Q1 earnings on April 12, 2024, with analysts forecasting a significant increase in earnings per share to $3.17 from 65 cents the previous year, and revenue expected to rise to $17.43 billion from $15.87 billion. Following a report of February earnings of $1.24 per share and net income of $737.1 million, PGR's stock fell 1.9% to $202.26. Analysts from Wells Fargo, Keefe, Bruyette & Woods, B of A Securities, Piper Sandler, and Citigroup have recently updated their ratings and price targets for PGR.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 5:27 am

ARKB

BITO

HODL

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' expressed his preference for direct ownership of assets over Bitcoin ETFs, despite his bullish outlook on Bitcoin. He emphasized his approach to financial independence and responsibility for his own investment decisions. Bitcoin ETFs like ProShares Bitcoin Strategy ETF (BITO), VanEck Bitcoin Trust (HODL), and ARK 21Shares Bitcoin ETF (ARKB) were mentioned as examples of the financial products Kiyosaki avoids.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 5:15 am

STT

State Street Corporation (NYSE:STT) is anticipated to report Q1 earnings of $1.50 per share, a slight decrease from $1.52 the previous year, with revenue expected at $3.06 billion, down from $3.1 billion. The company completed the acquisition of CF Global Trading on Feb. 1. Shares dropped 0.6% to $73.91 recently. Analysts have updated their ratings, with price targets ranging from $81 to $92, reflecting varied expectations.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 4:55 am

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