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BONKUSD

DOGEUSD

PEPEUSD

The memecoin market saw a significant rally led by Dogecoin, Pepe, and Bonk, following a week-long corrective phase. Dogecoin gained over 4% in the last 24 hours, with trading volumes surging to $1.2 billion. Bonk and Pepe also saw notable gains and increased trading volumes. The total memecoin market cap rose by 5.14% to $56.12 billion, coinciding with positive inflation statistics and forecasts of an altcoin boom.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 3:59 am

TSLA

Elon Musk announced that Tesla's shareholder resolutions, including his new compensation plan and the move of Tesla's corporate headquarters to Texas, are passing by wide margins. The resolutions are part of the 2024 Tesla Inc shareholders meeting. The meeting will be held at Tesla's gigafactory in Texas and livestreamed on YouTube. The new compensation plan requires Musk to hold shares for five years and aims to increase his stake in Tesla from 13% to 25%. Tesla's stock closed at $177.29, up 3.88% for the day.

Portfolio Pulse from Kaustubh Bagalkote

June 13, 2024 | 3:29 am

ARCT

HOOD

MKFG

TDOC

VERV

Ark Invest, led by Cathie Wood, made significant trades involving Robinhood Markets Inc (HOOD) and Zoom Video Communications Inc (ZM). The firm sold $1.5M worth of Robinhood shares and $3.3M worth of Zoom shares. Additionally, Ark Invest made trades in Markforged Holding Corp (MKFG), PagerDuty Inc (PD), Arcturus Therapeutics Holdings Inc (ARCT), Teladoc Health Inc (TDOC), and Verve Therapeutics Inc (VERV).

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 3:22 am

AAPL

ARM

AVGO

NVDA

TSLA

Major U.S. indices had a mixed performance on Wednesday. NVIDIA, Apple, ARM Holdings, Broadcom, and Tesla were the top stocks that gained attention. NVIDIA rose 3.55% amid AI excitement, Apple increased 2.86% after unveiling new software features, ARM Holdings surged 8.11% due to new CPI data and AI enthusiasm, Broadcom climbed 2.36% after beating earnings estimates and announcing a stock split, and Tesla gained 3.88% despite its CEO facing an insider trading lawsuit.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 2:24 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw a brief surge following favorable inflation data and the Federal Reserve's rate pause. However, the uptrend was short-lived due to hawkish comments from Fed Chair Jerome Powell. Despite the initial spike, Bitcoin's Open Interest dropped, indicating short covering by sellers. The cryptocurrency fear and greed index showed 'Greed,' suggesting FOMO is still prevalent.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 1:51 am

ACRHF

CCHWF

CRLBF

CURLF

GTBIF

VRNOF

Cresco Labs (OTC:CRLBF) is highlighted as a top multi-state operator (MSO) in the cannabis industry with strong financial performance and significant growth potential, especially if states like Ohio, Pennsylvania, and Florida legalize recreational cannabis. The company has shown substantial improvement in its financial metrics and is trading at an attractive valuation compared to peers.

Portfolio Pulse from Nicolás Jose Rodriguez

June 13, 2024 | 1:37 am

DJT

President Joe Biden mocked former President Donald Trump and his social media platform, Truth Social, in a tweet. Biden emphasized his ability to answer questions that Trump can't and criticized Trump's late-night rants on Truth Social. Trump owns a 57.6% stake in Truth Social's parent company, Trump Media & Technology Group Corp (NASDAQ:DJT). The tweet comes amid a heated presidential contest between Biden and Trump.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 12:58 am

NAAS

Trading for NAAS was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:50 pm

SPY

TSLA

The 2024 Tesla Inc (NASDAQ:TSLA) shareholders meeting will be held on June 13, featuring a crucial vote on a new compensation plan for CEO Elon Musk. Analysts are divided on the outcome, with potential impacts on Tesla's future direction and stock price. The meeting will be livestreamed on YouTube.

Portfolio Pulse from Chris Katje

June 12, 2024 | 9:45 pm

MAS

Masco has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 2 million shares at $64.00 per share, which is 4.68% lower than the closing price of $67.14 on June 10, 2024. Masco urges shareholders to reject the offer.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:23 pm