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IGT

IPG

RELY

ZBH

Barron's cover story highlights the best luxury second home resort markets in the US, with Austin, Texas, Lake Geneva, Wisconsin, and Park City, Utah topping the list. Luxury second home prices rose 11% in 2015. The article also discusses investment opportunities in hedge funds through closed-end funds run by Bill Ackman and Dan Loeb, and mentions stocks like Interpublic Group (IPG), Zimmer Biomet Holdings (ZBH), Real Industry (RELY), and International Game Technology (IGT) for their potential.

Portfolio Pulse from Nelson Hem

March 03, 2024 | 9:37 pm

AAPL

Apple, Inc. (AAPL) abandoned its self-driving car project due to the ambitious goal of surpassing Tesla with a fully autonomous vehicle, a challenge even Apple found too difficult. Bloomberg's Mark Gurman highlighted the project's downfall was Apple's attempt to create a car that required zero driver intervention, a goal the auto industry still struggles with. The project's cessation came after significant investment into a Level 5 self-driving system and design work for a car without traditional controls. Gurman also noted the auto industry's thin profit margins and high production challenges as additional hurdles for Apple.

Portfolio Pulse from Shanthi Rexaline

March 03, 2024 | 9:36 pm

DOGEUSD

SHIBUSD

The article discusses the concept of a 'memecoin supercycle,' a period where memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) are expected to see significant gains. It highlights recent surges in memecoin values, such as Dogwifhat (WIF) and MAGA Memecoin (TRUMP), and the broader implications for the cryptocurrency market. The piece also touches on the reasons behind the memecoin supercycle, including a reaction against traditional financial systems and the accessibility of memecoins to investors of all wallet sizes. It concludes with a cautionary note on the risks involved in investing in memecoins.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 9:04 pm

ASND

FIX

ITT

MHO

MTH

Ethan Meyers of Westfield Capital Management, known for his successful investment picks for the Harbor Small Cap Growth Fund, sees potential in small-cap stocks despite the market's focus on large-cap growth stocks like Amazon, Apple, and Microsoft. He highlights a valuation gap, suggesting an opportunity for mean reversion that could benefit smaller companies. Meyers recommends five small-cap stocks: Ascendis Pharma, Comfort Systems, ITT Inc., Meritage Homes, and M/I Homes, each with unique growth prospects.

Portfolio Pulse from Bibhu Pattnaik

March 03, 2024 | 7:57 pm

FSR

TSLA

Tesla, Inc. (NASDAQ:TSLA) faces significant challenges in Q1 sales, according to Tesla numbers tracker Troy Teslike. The company introduced a promotion offering 5,000 free Supercharging miles for U.S. customers trading in their vehicle, aiming to boost sales. Challenges include low Model 3 and Cybertruck production, demand softness for Model Y, competition in China, and cancelled incentives in the EU. Teslike expects Q1 deliveries to be significantly lower than Q4's 484,000 units. Tesla's recent price cuts have not substantially increased deliveries and have impacted margins and earnings.

Portfolio Pulse from Shanthi Rexaline

March 03, 2024 | 6:24 pm

AAPL

GOOG

IBIT

RIVN

Cryptocurrencies experienced significant gains, with Bitcoin leading the surge. The total market capitalization of cryptocurrencies increased by over 17% to $2.33 trillion. Bitcoin's weekly gain was 19.5%, and Ethereum rose by 12.4%. Memecoins, particularly Dogwifhat, saw a 400% weekly surge. BlackRock's iShares Bitcoin ETF (IBIT) recorded high trading volumes, increasing its bitcoin holdings to over $7 billion. In traditional finance, the Nasdaq 100 gained 2.04%, while Apple Inc (AAPL) dropped after being removed from Goldman Sachs' Conviction List. Rivian Automotive Inc (RIVN) and Alphabet Inc. (GOOG) received optimistic outlooks from notable investors.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 5:33 pm

BONK

DOGE

PEPE

SHIB

WIF

Pseudonymous trader Bluntz Capital predicted Dogwifhat (WIF) would surpass at least two major memecoins on Solana, a prediction partially validated as it briefly overtook Bonk (BONK). Dogwifhat's market cap reached $1.6 billion, trading at $1.60. Influencers and former Goldman Sachs executive Raoul Pal see a memecoin supercycle, with Dogwifhat's rally surpassing $1.5 billion in market cap in less than four months. Arthur Hayes targets $2 for Dogwifhat, while Robinhood Europe's listing may have spurred its recent surge. Pepe (PEPE) also hit a new high, with a market cap of $2.1 billion.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 5:16 pm

AMDI

RYDE

Amphitrite Digital Inc (NASDAQ:AMDI) and Ryde Group Ltd (NYSE:RYDE) are set to go public the week of March 4, 2024, with their IPOs. AMDI's shares are priced between $3.50 and $4.50, offering 1,750,000 shares at $4.00 each. RYDE's shares are priced between $4.00 and $5.00, offering 3,000,000 shares at $4.50 each. Both companies have a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

March 03, 2024 | 5:13 pm

DOGEUSD

SHIBUSD

Crypto VC Andrew Kang predicts Dogecoin (DOGE) could outperform GameStop with a multi-month memecoin speculation ahead. He cites easier access and previous ownership by significant investors as factors. Dogecoin's recent 62% weekly gain and bullish social media sentiment support this view. Competitors Shiba Inu (SHIB) and Dogwifhat (WIF) also saw significant gains, suggesting a broader memecoin rally.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 4:39 pm

USO

OPEC+ members have reportedly agreed to extend their production cuts of around two million barrels per day until the end of the second quarter, according to Bloomberg. This decision comes despite oil's rebound this year, with WTI-grade crude oil increasing by 11.6% after a decline of 8.6% in 2023. The production cuts, initially announced in November last year, aim to stabilize the market. The United States Oil Fund, LP (USO) saw a 2.18% increase in its stock price following the news.

Portfolio Pulse from Shanthi Rexaline

March 03, 2024 | 4:17 pm