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BTCUSD

ETHUSD

Prominent crypto analyst Ted highlights key economic indicators and central bank actions that could impact Bitcoin's price in the upcoming week. Despite positive inflation data, the Federal Reserve's cautious messaging and revised rate cut expectations could influence market sentiment. Bitcoin must maintain its $66,000 support level to avoid significant sell-offs.

Portfolio Pulse from Khyathi Dalal

June 17, 2024 | 1:39 pm

NVDA

SPY

The U.S. Supreme Court has agreed to hear Nvidia's bid to dismiss a securities fraud lawsuit brought by shareholders. This legal development could have significant implications for Nvidia's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:31 pm

AMC

AMC Theatres reported its highest attendance and admissions revenue of 2024 during the June 13-16 weekend, driven by the releases of 'Inside Out 2' and 'Bad Boys: Ride Or Die'. The company saw over 1 million moviegoers each day and experienced double-digit international growth.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:30 pm

VRT

Vertiv Holdings (NYSE: VRT) has seen a 13.61% increase in its short percent of float, now at 4.34% of all regular shares. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 10.35%.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 1:30 pm

TM

Several key investors of Toyota Motor Corp (NYSE:TM) plan to vote against the re-election of former CEO Akio Toyoda to the board of directors due to concerns over his continued influence and the need for more independent board oversight. This comes amid Toyota's recent certification crisis and Toyoda's controversial projections about the future of EVs.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 1:29 pm

BTI

CNBS

CURLF

GTBIF

OGI

TCNNF

Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (NYSE:CNBS), discusses the growth potential in the cannabis sector, emphasizing the importance of strategic partnerships, operational efficiencies, and the burgeoning U.S. hemp cannabinoid market. He highlights companies like Curaleaf, Green Thumb Industries, and Trulieve for their strong market positions and governance. Seymour also notes British Tobacco's investment in Organigram as a strategic move to expand international market reach.

Portfolio Pulse from Nicolás Jose Rodriguez

June 17, 2024 | 1:26 pm

MU

Micron Technology Inc (NASDAQ:MU) shares are trading higher following positive analyst updates from BofA Securities and Susquehanna, who raised their price targets to $170 and $185, respectively. Micron is set to report its third-quarter financial results on June 26, with expected earnings of 49 cents per share on revenue of $6.634 billion.

Portfolio Pulse from Adam Eckert

June 17, 2024 | 1:25 pm

SLYV

SPY

A Reddit discussion highlights the need to adjust market cap definitions for inflation, as small-cap value stocks lag 20% behind the S&P 500. The SPDR S&P 600 Small Cap Value ETF (SLYV) is down 8.31% YTD, while the SPDR S&P 500 ETF (SPY) has gained 14.19%. Adjusting market cap thresholds could provide a more accurate representation of company sizes and aid in better investment decisions.

Portfolio Pulse from Surbhi Jain

June 17, 2024 | 1:22 pm

FBIO

MBIO

Mustang Bio Inc (NASDAQ:MBIO) shares surged over 190% on Monday following the announcement of positive Phase 1/2 trial results for their CAR T-cell therapy, MB-106, targeting Waldenstrom macroglobulinemia. The trial showed a 90% response rate with favorable safety outcomes. The company, founded by Fortress Biotech Inc (NASDAQ:FBIO), presented these results at the European Hematology Association 2024 Hybrid Congress.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 1:21 pm

PEGY

On June 14, 2024, Pineapple Energy's Interim CEO Scott Maskin purchased 15,000 shares at an average price of $1.43 per share, according to an SEC Form 4 filing.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:19 pm