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Stock Prices

AAPL

Gene Munster of Deepwater Asset Management predicts that Apple Inc.'s (NASDAQ:AAPL) Vision Pro mixed-reality headset will take two years to reach one million unit sales, a slower pace compared to the iPhone's initial sales. Despite higher revenue from the Vision Pro's opening weekend, estimated at $555 million from 150,000 units, Munster suggests that the adoption rate will be gradual. Analyst Ming-Chi Kuo's estimates align with Munster's, noting potential tapering demand post-launch. The high price of the Vision Pro at $3,499 may hinder rapid adoption, contrasting with Apple's strategic shift towards wearable technology.

Portfolio Pulse from Ananya Gairola

January 23, 2024 | 3:24 am

FBTC

GBTC

IBIT

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced declines amid rising outflows from Grayscale's GBTC. BlackRock's IBIT and Fidelity's FBTC spot Bitcoin ETFs attracted over $1 billion in AUM each, post-launch. FTX offloaded its entire GBTC stake valued at nearly $1 billion. The global cryptocurrency market cap decreased by 1.59%. The S&P 500 and Nasdaq Composite hit record highs. Analysts predict Ethereum may outperform Bitcoin, and Bitcoin's price movements are influenced by ETF flows around the US market open.

Portfolio Pulse from Mehab Qureshi

January 23, 2024 | 3:03 am

LLY

TSLA

Jim Cramer, host of CNBC's 'Mad Money,' suggested that Tesla Inc (TSLA) could be replaced by Eli Lilly and Co (LLY) in the 'Magnificent Seven' list of mega-cap stocks due to Tesla's recent underperformance and Eli Lilly's strong market position. Tesla's stock has fallen by 16% in 2024, while Eli Lilly has surged to record highs and could potentially become the first drug maker to reach a $1 trillion valuation.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 3:02 am

ADM

DWAC

NFLX

TSLA

UAL

Stocks of Digital World Acquisition Corp (DWAC), Netflix (NFLX), United Airlines (UAL), Archer-Daniels-Midland (ADM), and Tesla (TSLA) were in focus. DWAC surged 88.36% after an endorsement of Trump by Florida's Governor. Netflix saw a modest gain ahead of its Q4 earnings report. United Airlines dipped slightly despite positive Q4 results. ADM shares fell 24.20% amid an accounting investigation. Tesla's stock decreased by 1.60% following Jim Cramer's suggestion to remove it from the 'Magnificent Seven' index.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 2:07 am

AAPL

GOOG

GOOGL

MASI

SSNLF

Samsung Electronics Co. is entering the health tech sector with noninvasive glucose and continuous blood pressure monitoring technology, challenging Apple Inc. and other tech giants. Samsung plans to integrate health features into various devices, including the Galaxy Ring. The company is also enhancing its blood pressure features and exploring new sensors for earbuds. Apple, facing an IP dispute with Masimo Corporation, had to remove the blood oxygen feature from its latest Apple Watch models in the U.S. This intensifies the competition between Samsung and Apple, who recently surpassed Samsung in global smartphone shipments.

Portfolio Pulse from Ananya Gairola

January 23, 2024 | 1:47 am

DTSS

Trading on DTSS has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and ensure fair information dissemination pending a significant announcement.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:50 am

DKNG

Former President Donald Trump is predicted to win the New Hampshire GOP primary with a 98% chance according to Polymarket, a cryptocurrency prediction market. Trump's strong position comes after winning the Iowa caucus and the withdrawal of candidates Ron DeSantis and Vivek Ramaswamy, who have since endorsed Trump. Nikki Haley remains in the race, but her odds are significantly lower. The New Hampshire primary betting has attracted over $4 million in wagers. DraftKings Inc's CEO expressed interest in political betting, which remains illegal in the U.S. The 2024 presidential election betting has reached $14.6 million, with Trump leading over Joe Biden.

Portfolio Pulse from Chris Katje

January 23, 2024 | 12:24 am

AAPL

AMZN

DKNG

FOX

FOXA

META

MSFT

NFLX

NTDOY

SONY

The Detroit Lions are approaching their first NFC Championship game in 32 years, with improved odds of winning Super Bowl LVIII. The article highlights technological and cultural phenomena that did not exist in 1992, the last time the Lions were this close to the Super Bowl, including companies like Amazon and Apple, social media platforms, cryptocurrencies like Bitcoin, and the PlayStation console. Fox Corporation will broadcast the game, and DraftKings provides betting odds.

Portfolio Pulse from Chris Katje

January 22, 2024 | 11:37 pm

TSBK

Timberland Bancorp (NASDAQ:TSBK) reported a decrease in Q1 earnings per share to $0.77 from $0.90 YoY, and a sales decline to $18.80M from $20.45M YoY, indicating a 14.44% and 8.05% decrease respectively.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:47 pm

ADAUSD

BTCUSD

ETHUSD

SOLUSD

XRPUSD

The cryptocurrency market is experiencing a downturn, with major coins like Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) in the red. Despite this, an analyst predicts Ethereum could outperform Bitcoin (BTC) in the near future. Ethereum's upcoming Dencun upgrade is expected to improve transaction speeds and reduce costs, which may be driving whale accumulation of the asset. Ethereum's total value locked has also increased by 9.1% over the past month.

Portfolio Pulse from Khyathi Dalal

January 22, 2024 | 10:33 pm