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FBTC

GBTC

IBIT

Spot Bitcoin ETFs, including BlackRock's IBIT and Fidelity's FBTC, experienced their first combined negative flows since launching on January 11, with a net outflow of $158 million. GBTC saw a decrease in Bitcoin holdings, while IBIT and FBTC's inflows have slowed. The global cryptocurrency market cap increased by 0.48%, and the S&P 500 and Nasdaq also saw gains. Analysts predict a long-term bullish trend for Bitcoin, with potential for over 600 days of upward momentum.

Portfolio Pulse from Mehab Qureshi

January 26, 2024 | 3:30 am

TSLA

Elon Musk clarified his previous comments about the Dojo supercomputer's success odds, comparing them to the initial low success expectations he had for Tesla and SpaceX. During Tesla's Q4 earnings call, Musk described Dojo as a 'long shot' with high risk and high potential payoff, noting that Tesla is scaling the project and planning future versions.

Portfolio Pulse from Anan Ashraf

January 26, 2024 | 3:29 am

AAPL

GOOG

NFLX

SPOT

Netflix Inc.'s co-CEO Greg Peters expressed skepticism about the market relevance of Apple Inc.'s Vision Pro, citing the market size as too small for Netflix to invest in developing an app. Despite ongoing discussions with Apple, Peters sees the device as not currently relevant to most Netflix members. Alphabet Inc.'s YouTube and Spotify Inc. have also decided against launching apps for the device. Meanwhile, Apple Vision Pro's sales have exceeded expectations, with analysts at Wedbush upgrading their 2024 sales predictions after a strong pre-order performance.

Portfolio Pulse from Ananya Gairola

January 26, 2024 | 3:11 am

ARKK

ARKW

TSLA

Tesla, Inc. (TSLA) shares dropped over 12% after Q4 earnings missed expectations, leading to a market cap loss of $80.4 billion. Despite this, Ark Invest, led by Cathie Wood, purchased $32.5 million worth of Tesla shares through ARKK and ARKW ETFs. Ark remains bullish on Tesla, with a $2000 price target by 2027, largely based on the potential of Tesla's robotaxi service. The short-term outlook for Tesla stock is uncertain, with potential influences including economic data releases and the Fed's rate decision.

Portfolio Pulse from Shanthi Rexaline

January 26, 2024 | 3:06 am

AMD

INTC

NVDA

PCSA

TSLA

U.S. stocks closed higher with Intel, Nvidia, AMD, Processa Pharmaceuticals, and Tesla being the focus of investors. Intel rose 0.94% after reporting a 10% year-over-year revenue increase. Nvidia fell 0.42% but remains a key player in AI. AMD gained 1.14% with raised estimates from UBS. Processa Pharmaceuticals surged 148.78% on successful drug trial results. Tesla dropped 12.13% after missing Q4 revenue and EPS estimates, with analysts expressing concern over its valuation.

Portfolio Pulse from Benzinga Neuro

January 26, 2024 | 2:14 am

INTC

Intel Corporation's Q1 2024 revenue guidance fell short by over $1 billion, surprising analysts. Wedbush's Matt Bryson noted the shortfall was due to excess inventory from Q4 overshipping, leading to a backlog. Despite this, Bryson expects a recovery towards the end of 2024. Intel's Q4 revenue was $15.4 billion, beating estimates, but Q1 guidance of $12.2-$13.2 billion is below the expected $14.2 billion. BofA's Vivek Arya predicted the miss, citing multiple headwinds. Intel is also a partner in the NAIRR pilot initiative.

Portfolio Pulse from Benzinga Neuro

January 26, 2024 | 2:07 am

LLY

TSLA

Tesla Inc. (TSLA) experienced a 12% drop in stock price after a Q4 revenue miss, causing its market cap to fall below that of Eli Lilly (LLY). Eli Lilly's market value increased due to the success of its weight-loss drugs, with shares up 59% for the year. Tesla's earnings report was criticized, and its growth forecasts are weak, while Eli Lilly receives bullish forecasts from analysts, including a potential 140% stock increase by 2028 as predicted by Goldman Sachs.

Portfolio Pulse from Benzinga Neuro

January 26, 2024 | 12:58 am

Trading on TC has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material information.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 12:50 am

DKNG

The GOP nomination race for the 2024 presidential election is currently between Donald Trump and Nikki Haley. Trump has won the first two states, Iowa and New Hampshire, while Haley remains in the race. Crypto bettors on Polymarket are wagering on whether Haley will drop out before the South Carolina primary. The betting market has $62,000 wagered with odds implying a 42% chance that Haley will drop out before the primary. Meanwhile, DraftKings Inc. CEO hopes for political betting to be legalized in the U.S., as the company offers betting on the 2024 presidential election in Canada.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:40 pm

NVDQ

NVDX

SJIM

SKRE

TSLT

TSLZ

The Northern Lights Fund Trust IV Inverse Cramer ETF (SJIM) is shutting down, with the last trading day on February 13 and liquidation proceeds distribution on February 23. Tuttle Capital CEO Matthew Tuttle cited the lack of investor interest and poor timing with the performance of the 'Magnificent 7' stocks recommended by Jim Cramer as reasons for the closure. Despite the shutdown, Tuttle Capital continues to manage over $200 million in assets with the T-REX product line and has launched new ETFs, including the Tuttle Capital 2X Inverse Regional Banks ETF (SKRE) and leveraged and inverse ETFs for Tesla (TSLT, TSLZ) and NVIDIA (NVDX, NVDQ). Tuttle is also considering leveraged Bitcoin ETFs and has another project announcement planned for April.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:08 pm