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Stock Prices

NVDA

Tom Lee of Fundstrat Global Advisors highlighted the significance of Nvidia's upcoming earnings report as a key indicator of market strength and potential insight into enterprise spending trends in AI. Despite predictions of significant Q4 earnings for Nvidia, there's uncertainty about the stock's reaction post-earnings, with possibilities of a sell-off or a pullback. The report is also seen as a crucial piece in understanding AI monetization acceleration, following trends from other tech giants.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 7:25 am

DYCQ

DYCQR

DYCQU

DT Cloud Acquisition has priced its initial public offering (IPO) of 6 million units at $10 per unit, totaling $60 million. The units will begin trading on the Nasdaq Global Market under the ticker symbol 'DYCQU' starting February 21, 2024. The IPO is expected to close on February 23, 2024. Post-IPO, the ordinary shares and rights will trade under the symbols 'DYCQ' and 'DYCQR', respectively.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 7:14 am

CALT

Calliditas Therapeutics (NASDAQ:CALT) reported Q4 earnings with losses of $(0.06) per share, surpassing the $(0.07) estimate, and sales of $42.41M, exceeding the $35.86M estimate. This represents a 392.31% increase in losses from the previous year but a 5.19% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 7:05 am

ADI

Analog Devices, Inc. (NASDAQ:ADI) is anticipated to report lower Q1 earnings before the opening bell on Feb. 21, 2024, with expected earnings of $1.71 per share, down from $2.75 per share year-ago. Revenue is projected at $2.50 billion. The company recently appointed Richard C. Puccio, Jr. as CFO. Shares rose 0.6% to close at $189.40. Analyst ratings vary, with price targets ranging from $175 to $215.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 6:40 am

BTCUSD

ETHUSD

An early Ethereum investor moved 1,732 ETH to the Kraken exchange after an 8-year dormancy as Ethereum's price surpassed $3,000, a milestone not seen since May 2022. Ethereum's year-to-date gains stand at 31.2%, outperforming Bitcoin's 22.7%. The movement coincides with anticipation around a potential Ethereum ETF approval by the SEC and the upcoming Dencun upgrade featuring EIP 4844. Analysts and betting markets are assessing the likelihood of an ETH ETF approval, with estimates ranging from 45% to 70%.

Portfolio Pulse from Mehab Qureshi

February 21, 2024 | 5:42 am

DOGEUSD

Dogecoin (DOGE) has experienced a significant increase in transactions, surpassing one million daily transactions since January 30, with a peak of 1.9 million on February 2. This surge in activity, highlighted by IntoTheBlock, is accompanied by an increase in large transactions by Dogecoin whales, with 12.63 billion DOGE ($1.09 billion) exchanged in the past 24 hours. Despite this, DOGE's price has dropped by 3.75% to $0.085.

Portfolio Pulse from Mehab Qureshi

February 21, 2024 | 5:05 am

NVDA

Macro strategist Peter Tchir warns that Nvidia's upcoming earnings report could trigger a 5-10% stock market crash if it disappoints. The market has high expectations, with options traders anticipating an 11% upside. Despite a 529% increase in Nvidia's stock price due to demand in AI and gaming, there's concern that even with good earnings, there may not be buyers, leading to a potential pullback.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 4:43 am

WMT

Walmart Inc's CEO Doug McMillon, in an interview with Jim Cramer, expressed optimism about the company's advertising business, highlighting its 28% growth and the strategic acquisition of TV manufacturer Vizio for $2.3 billion. McMillon emphasized Walmart's unique position to leverage its digital and e-commerce growth for advertising sales, attributing success to its ability to connect digital ads with in-store transactions. This comes alongside Walmart's strong financial performance, including surpassing $100 billion in e-commerce sales and exceeding Q4 earnings expectations.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 4:10 am

COIN

HOOD

ROKU

TWLO

TXG

Cathie Wood's Ark Invest purchased over $25M worth of Roku shares, signaling confidence in its long-term value despite recent dips. The firm also sold shares in Coinbase and Robinhood, adjusting its portfolio amid market dynamics. Additionally, Ark Invest bought shares in Unity Software and 10X Genomics, while selling Twilio and Zoom shares, reflecting strategic shifts in its investment focus.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 3:54 am

BITB

BTCW

HODL

Bitcoin ETFs saw their highest trading volume since their U.S. debut, with significant contributions from VanEck's HODL ETF, WisdomTree Bitcoin Fund (BTCW), and BitWise's fund. Major cryptocurrencies showed mixed performance, with Bitcoin slightly up and Dogecoin down. The stock market experienced a decline, led by a drop in the tech sector. Analysts predict Bitcoin could reach $180,000 by 2025, despite potential short-term corrections.

Portfolio Pulse from Mehab Qureshi

February 21, 2024 | 3:12 am