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Economist Peter Schiff warns of rising inflation, criticizing the Federal Reserve and Chair Jerome Powell for ineffective measures. Schiff predicts inflation could reach double digits, diverging from the Fed's 2% target. The February inflation report showed an increase, and Schiff highlighted the federal budget deficit's growth. Despite these concerns, the iShares TIPS Bond ETF (TIP) experienced a slight decline.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 7:52 am

BTCUSD

TSLA

Elon Musk humorously compared the U.S. Dollar to a 'scam coin' on X, highlighting its high circulation, central control, and inequitable distribution. Meanwhile, Tesla has profited over $230 million from its Bitcoin holdings, attributed to the launch of Bitcoin spot ETFs and Bitcoin's value reaching $72,000.

Portfolio Pulse from Mehab Qureshi

March 13, 2024 | 7:29 am

AAPL

CHTR

CVX

SMCI

TSLA

XOM

Tesla, Inc. (TSLA) remains the most-shorted large-cap stock in the U.S., with a Hazeltree Crowdedness Score (HCS) of 99, indicating high short interest. Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) also have high HCS scores of 94 and 92, respectively. Apple Inc. (AAPL) saw a decrease in short interest, while Super Micro Computer, Inc. (SMCI) and Charter Communications, Inc. (CHTR) saw increases in their HCS scores. Tesla's stock struggles are attributed to weakening demand, aggressive pricing, and opaque communication from management.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 7:18 am

WSM

Williams-Sonoma, Inc. (NYSE:WSM) is set to announce its Q4 earnings before the market opens on March 13, 2024. Analysts predict a decrease in earnings per share to $5.14 from $5.50 and a revenue drop to $2.23 billion from $2.45 billion year-over-year. The company's board declared a quarterly dividend of 90 cents per share. Shares rose 2% to $241.05 recently. Analysts from Wells Fargo, Telsey Advisory Group, Wedbush, Evercore ISI Group, and JP Morgan have updated their ratings and price targets for WSM.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 7:08 am

EWU

The U.K.'s trade balance with non-EU countries for January showed a deficit of -3.42 billion, slightly worse than the previous month's -3.32 billion. The iShares MSCI United Kingdom ETF (EWU) may be impacted as it tracks the investment results of an index composed of U.K. equities.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 7:05 am

AAPL

Jim Cramer, host of CNBC's 'Mad Money,' has advised investors to maintain their holdings in Apple Inc (NASDAQ:AAPL) despite recent challenges, including a stock price drop, regulatory issues, and slow iPhone sales in China. Cramer emphasized patience and highlighted potential long-term gains from AI-integrated iPhones and the resolution of China-related concerns. Contrarily, Bank of America and Evercore ISI are optimistic about Apple's future, citing increased market share and potential growth drivers like AI integration and the Services business.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 5:46 am

BTCUSD

Coinbase CEO Brian Armstrong suggests buying Bitcoin as a solution to the U.S. national debt crisis, in response to analyst Robert Sterling's alarming chart showing rapid debt growth. Sterling's analysis indicates the debt is increasing by $1 trillion every 90-120 days, with projections of it reaching over $37 trillion by 2025. The Treasury Department confirms the debt at $34.47 trillion, with Moody's recently downgrading the U.S. financial health outlook. Armstrong proposes Bitcoin as a way to 'vote with your dollars' and potentially save the U.S. long term.

Portfolio Pulse from Mehab Qureshi

March 13, 2024 | 4:41 am

ARKF

ARKK

ARKW

COIN

Ark Invest, led by Cathie Wood, sold 106,000 shares of Coinbase Global Inc (COIN) valued at $27.15 million across three ETFs: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF), despite Bitcoin's recent all-time highs. This sale followed a previous day's sale of $68.7 million in Coinbase shares. Additionally, Ark Invest made key trades by buying shares in Sea Ltd (SE), NU Holdings Ltd (NU), Pinterest Inc (PINS), and Moderna Inc (MRNA), while selling shares of CRISPR Therapeutics AG (CRSP).

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 3:57 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies experienced a slight downturn amid hotter-than-expected CPI data, with Bitcoin, Ethereum, and Dogecoin seeing declines. The volatility led to over $363 million in leveraged derivatives positions being liquidated. Despite this, analysts remain bullish on Bitcoin, predicting consolidation before further rallies. The cryptocurrency market cap slightly decreased, while U.S. stocks surged following the CPI data release. Analysts highlight Bitcoin's strong market structure and predict significant price targets.

Portfolio Pulse from Mehab Qureshi

March 13, 2024 | 3:22 am

INTC

NVDA

RUM

TSLA

On Tuesday, U.S. stocks closed higher with notable movements in shares of Rumble, Boeing, Intel, NVIDIA, and Tesla. Rumble's stock surged 18.26% after expressing interest in partnering with TikTok. Boeing's shares fell 4.29% due to failing FAA audits. Intel saw a modest increase of 0.85% after navigating sales to Huawei. NVIDIA's stock jumped 7.16%, continuing its strong yearly performance. Tesla's stock slightly decreased by 0.13%, but analysts remain optimistic about its growth.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 2:41 am