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AKAM

COIN

IWM

UBER

U.S. stocks rebounded with the S&P 500 and Nasdaq 100 up by 0.4% and 0.5% respectively, driven by positive corporate earnings. The iShares Russell 2000 ETF (IWM) saw a significant rally of 1.7%. Bitcoin surpassed a $1 trillion market value. In the commodities market, U.S. natural gas prices dropped. Notable stock movements included Uber Technologies Inc. (UBER) and Akamai Technologies Inc. (AKAM) due to their earnings reports. Other companies like MGM, IQVIA, Charler River Laboratories, Kraft Heinz, Welltower, Airbnb, Lyft, and QuidelOrtho also reacted to earnings. Crypto-related stocks such as Coinbase, Marathon Digital, and Riot Platforms saw rallies.

Portfolio Pulse from Piero Cingari

February 14, 2024 | 6:51 pm

QQQ

Gene Munster of Deepwater Asset Management predicts a multi-year bull run for the Nasdaq, driven by AI, potentially doubling or tripling its value in 2 years. The Nasdaq Composite and Nasdaq 100, tracked by Invesco QQQ Trust (QQQ), have seen significant gains, attributed to AI adoption. Munster ranks AI's impact near that of electricity, suggesting a transformative effect on the market. He anticipates a bubble similar to the dot-com era but driven by AI, with QQQ currently trading around 28 times earnings.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 6:48 pm

AMD

INTC

NVDA

Intel Corp (NASDAQ:INTC) is experiencing a stock price increase due to its plans to raise at least $2 billion in equity for a semiconductor plant in Ireland. This follows a partnership with Brookfield Infrastructure Partners for manufacturing expansion in Arizona and comes amidst Intel's efforts to compete in the AI market, notably against Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD). Intel's stock rose over 53% last year, with plans to launch the Gaudi 3 AI accelerator in 2024.

Portfolio Pulse from Anusuya Lahiri

February 14, 2024 | 6:47 pm

BABA

PDD

Alibaba Group Holding Ltd (NYSE:BABA) is expanding its global footprint by seeking partnerships in Saudi Arabia and the UAE, aligning with China's initiative to strengthen Gulf relations. This strategic move aims to help Alibaba recover from recent regulatory challenges and strategic missteps in China. The company's recent financial performance showed a slight miss in revenue and adjusted earnings expectations. Meanwhile, PDD Holdings Inc (NASDAQ:PDD) is mentioned as a domestic competitor, having experienced a significant stock price increase last year, contrasting Alibaba's decline.

Portfolio Pulse from Anusuya Lahiri

February 14, 2024 | 6:43 pm

C

Citigroup, Inc. (NYSE:C) has completed a proof of concept for the tokenization of private funds, in collaboration with Wellington Management and WisdomTree, demonstrating potential operational efficiencies through smart-contract capabilities. This innovation could enable enhanced rule enforcement and workflow integration in financial transactions. The experiment also involved simulated scenarios with DTCC Digital Assets. Citigroup's shares rose by 1.93% to $53.78 following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 6:33 pm

BTCUSD

WhaleWire, a prominent account on X with over 519,000 followers, predicts a 99.99% chance that Bitcoin (BTC) will fall below $10,000, citing unsustainable rally due to fraud and price manipulation. The account also mentions a 'Tether money printing spree' as a cause for the current rally, leading them to increase their short position. Despite WhaleWire's bearish stance, Bitcoin recently surpassed $51,000, casting doubt on the prediction's accuracy. The article also references skepticism towards such predictions, quoting ETF Store president Nate Geraci's remark, 'Nobody knows anything.'

Portfolio Pulse from Ivan Crnogatić

February 14, 2024 | 6:32 pm

HON

$1000 invested in Honeywell Intl (NASDAQ:HON) 20 years ago would now be worth $5,733.31, showcasing an average annual return of 9.21% and outperforming the market by 1.62% on an annualized basis. Honeywell Intl's current market capitalization stands at $128.13 billion.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 6:31 pm

CRSP

Deep-pocketed investors have shown a bearish sentiment towards CRISPR Therapeutics (NASDAQ:CRSP), with a notable shift in options activity. Benzinga's tracking revealed 26 extraordinary options activities, with a mix of bullish and bearish sentiments, but a slight lean towards bearish with 53%. The focus is on a price band between $45.0 and $110.0. CRISPR Therapeutics, a gene editing company, has seen its stock price increase by 2.43%, reaching $74.55, with a potential overbought status indicated by the current RSI values. The next earnings report is expected in 13 days.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 6:31 pm

CAT

Financial analysts have observed a bullish trend in Caterpillar (NYSE:CAT) options trading, with a slight majority of traders showing bullish sentiment. The focus is on a price target range of $290 to $340. Recent trading volumes and open interest in options suggest active trading within this range. Caterpillar, a leading manufacturer in heavy equipment, shows a current stock price of $314.7, with professional analysts setting an average price target of $332.8. Analyst ratings vary, with Citigroup rating it Neutral and JP Morgan rating it Overweight, among others.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 6:31 pm

R

Ryder System's shares declined following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:31 pm