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BTCUSD

DOGEUSD

Billy Markus, co-founder of Dogecoin, revealed his Bitcoin holdings are less than $350, specifically around 0.006 BTC or $311.21. Despite his minimal investment in Bitcoin, Markus has been a significant figure in the crypto world, having sold all his crypto assets in 2015 for the price of a used Honda Civic. Dogecoin, created as a humorous take on the proliferation of altcoins, has gained popularity, partly due to Elon Musk's support. However, Ripple Labs CEO Brad Garlinghouse expressed skepticism about Dogecoin's utility at the World Economic Forum.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 9:30 am

AAPL

META

Meta Platforms Inc. (META) CEO Mark Zuckerberg and CTO Andrew Bosworth criticized Apple Inc.'s (AAPL) Vision Pro, highlighting its weight and poor weight distribution. Despite acknowledging the Vision Pro's high resolution and low latency, they emphasized Meta's Quest 3 as the superior product in terms of value and overall experience. The Vision Pro, priced at $3,500, has seen returns from users citing discomfort and questioning its value, while the Quest 3 is priced at $499.

Portfolio Pulse from Ananya Gairola

February 16, 2024 | 9:23 am

TSM

Taiwan Semiconductor Manufacturing Co Ltd (TSM) experienced a significant surge in its market value, adding $42 billion on Thursday, driven by optimism about artificial intelligence (AI). This increase pushed TSM's market value to $575 billion, nearing the top 10 most valuable companies globally. The surge is attributed to TSMC's role as a crucial supplier for AI processors, particularly for Nvidia, and optimism surrounding AI's future growth. Despite concerns of being overbought, analysts remain bullish, with Morgan Stanley raising its target price for TSMC.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 9:17 am

CNK

HLF

POR

PPL

THS

USFD

Investor optimism surged as the S&P 500 hit a record high, driven by positive economic reports and market sentiment. The CNN Money Fear and Greed index entered the 'Extreme Greed' zone. U.S. stocks closed higher, with significant gains in energy, real estate, and materials sectors, though IT stocks fell. US Foods Holding Corp. saw a 3% increase after surpassing Q4 revenue expectations and providing strong FY24 guidance. Herbalife shares plummeted by 32% due to disappointing earnings. Upcoming earnings from PPL Corporation, Portland General Electric, TreeHouse Foods, and Cinemark Holdings are anticipated.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 9:01 am

COIN

DASH

POR

PPL

THS

U.S. stock futures traded mixed with focus on PPL Corporation, DoorDash Inc, TreeHouse Foods, Inc., Coinbase Global, Inc., and Portland General Electric Company due to their financial results and earnings expectations. PPL is expected to report earnings with a slight decline in after-hours trading. DoorDash reported mixed Q4 results with a significant drop in after-hours trading. TreeHouse Foods is anticipated to report earnings with a recent gain in its shares. Coinbase reported better-than-expected Q4 results, leading to a substantial increase in after-hours trading. Portland General Electric is expected to report earnings with a rise in after-hours trading.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 8:59 am

COIN

Cathie Wood, CEO of ARK Invest, praised Coinbase Global Inc (NASDAQ:COIN) for its performance and compliance, especially in the wake of its competitors' issues. Despite ARK Invest selling $26.7 million worth of Coinbase shares, Wood remains optimistic about Coinbase's future, attributing its success to market volatility and its strategic positioning. Coinbase's Q4 earnings exceeded expectations, with revenue of $953.8 million, amidst a resurgence in Bitcoin interest.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 8:30 am

TSLA

Tesla Inc (NASDAQ:TSLA) is offering Cybertruck reservation holders with 30,000 referral credits the option to expedite their vehicle delivery. This comes amid high demand and encouraging conversion of reservations to orders, as noted in Tesla's Q4 earnings call. CEO Elon Musk highlighted the challenge is not demand but production, with a target to deliver 250,000 Cybertrucks in North America, potentially by 2025. Over a million reservations were reported before the delivery event, indicating some customers might wait until 2026 or later without this offer.

Portfolio Pulse from Anan Ashraf

February 16, 2024 | 8:28 am

COIN

Coinbase Global Inc (NASDAQ:COIN) CEO Brian Armstrong announced during an earnings call that Coinbase has been named as the custodian for 5 of the 8 Ethereum ETF applications. The company reported a 45.2% increase in net revenue to $905 million for the fourth quarter, turning a profit with a net income of $273 million. Transactional activity, particularly consumer crypto trading and institutional transaction revenue, played a significant role in this financial turnaround. Armstrong highlighted the positive impact of ETFs on the industry and Coinbase's role as a trusted partner in the growing adoption of cryptocurrencies by financial institutions.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 8:01 am

DTM

DT Midstream, Inc. (NYSE:DTM) is set to release its Q4 earnings on Feb. 16, 2024, with analysts forecasting a slight decrease in earnings per share from 93 cents to 92 cents year-over-year, and a revenue drop from $243 million to $234.45 million. The company announced the early mechanical completion of its Phase 2 LEAP expansion. Shares rose 1.3% to $52.43 recently. Analyst ratings vary, with Wolfe Research downgrading to Underperform, Raymond James maintaining Outperform, Goldman Sachs rating as Sell, Stifel initiating coverage with Buy, and Morgan Stanley maintaining Underweight.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 7:27 am

BLK

CBOE

Cboe Global Markets has listed iShares by BlackRock ETFs on its global exchange network, marking a significant milestone in its mission to expand the investable universe for investors. BlackRock is the first asset manager to list ETFs across Cboe's entire global network of listings exchanges. The newly listed ETFs, part of iShares by BlackRock's Factor ETF suite, are available for trading on Cboe Australia.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:27 am