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BRK-A

COST

Warren Buffett's Berkshire Hathaway Inc. sold its shares in Costco Wholesale Corporation in 2020, missing out on approximately $1.5 billion in gains as Costco's stock soared up to 127% since the sale. Berkshire Hathaway began investing in Costco in 1999, accumulating 4.3 million shares by mid-2020. Buffett has acknowledged the sale as a potential mistake during Berkshire's 2021 shareholder meeting.

Portfolio Pulse from Bibhu Pattnaik

January 27, 2024 | 9:20 pm

AMZN

CMCSA

DIS

NFLX

Amazon.com Inc (NASDAQ:AMZN) is set to introduce ads on its Prime Video platform, which could significantly boost its $38 billion advertising business. This move positions Amazon as a strong competitor in the streaming ad market, challenging traditional TV networks and digital platforms. Wall Street analysts estimate that this could generate over $5 billion in revenue for Amazon. The company's advertising rates are competitive, and it has received a positive response from agencies. Amazon's success in advertising is not guaranteed, as it competes with established players like Walt Disney Co (NYSE:DIS) and Comcast Corporation (NASDAQ:CMCSA), and Prime Video only accounts for 3.3% of U.S. TV-watching time.

Portfolio Pulse from Bibhu Pattnaik

January 27, 2024 | 8:21 pm

ARKK

ARKW

TSLA

Cathie Wood's Ark Invest purchased $66 million worth of Tesla shares after the company's stock slumped following a Q4 earnings miss. Ark's ETFs, ARKK and ARKW, bought 182,541 and 177,870 Tesla shares respectively. Despite Tesla's recent downtrend and a double miss in Q4 earnings, Wood remains bullish on Tesla, projecting a $2,000 stock price by 2027, largely based on the potential of its robotaxi service. Tesla is a major holding in both ARKK and ARKW, which saw a slight increase in their share price.

Portfolio Pulse from Shanthi Rexaline

January 27, 2024 | 7:23 pm

NPSCY

President Biden's economic advisors have indicated a focus on protecting union jobs and domestic manufacturing in the U.S. steel industry amid the proposed acquisition of United States Steel Corporation (NYSE:X) by Nippon Steel Corporation (OTC:NPSCY). The $14.1 billion deal, which would create the world's second-largest steel company, is under review by the Committee on Foreign Investment in the United States (CFIUS). Statements from Biden's advisors suggest that Nippon Steel may need to increase support for organized labor to secure deal approval. The deal's outcome is politically sensitive in an election year, with implications for Biden's reelection campaign. Despite commitments to honor agreements with the United Steelworkers union, there are objections to the deal, and Pennsylvania senators have called for its halt to protect jobs. The CFIUS, led by Treasury Secretary Janet Yellen, can approve, modify, or reject the deal, which is expected to close in the second or third quarter, although insiders suggest it could take a year.

Portfolio Pulse from Nabaparna Bhattacharya

January 27, 2024 | 7:02 pm

AKTUSD

DOGEUSD

RNDRUSD

SHIBUSD

TAOUSD

WLDUSD

Bittensor (CRYPTO: TAO), promoted by Grayscale and utilizing AI technology, has seen a 35.3% gain in the past week and a 254.2% year-on-year gain. In contrast, meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) fell by 7% and 21.3%, respectively. Grayscale tweeted about 'signs of adoption' for AI-related cryptocurrencies including TAO, Render (CRYPTO: RNDR), Akash Network (CRYPTO: AKT), and Worldcoin (CRYPTO: WLD). A 'full-time degen' and a PhD student highlighted the potential of AI in crypto, with the latter suggesting TAO could reach $100,000. Bittensor's network combats AI bias and has 32 specialized subnetworks. The four largest AI-adjacent crypto tokens rallied 522% in the last year, outperforming the Utilities and Services Crypto Sector.

Portfolio Pulse from Khyathi Dalal

January 27, 2024 | 3:41 pm

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

AAPL

The article celebrates the 14th anniversary of the Apple iPad, highlighting its success and impact on Apple Inc.'s (AAPL) business. It details the iPad's introduction by Steve Jobs, its sales milestones, and the evolution of the product line. The article also compares the investment returns of $1,000 in Apple stock since the iPad's launch to the same investment in Nasdaq and S&P 500 index funds, showing Apple's significant outperformance. Additionally, it mentions other successful Apple products and the revenue generated by iPads in FY23.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 2:51 pm

AAPL

AMD

AMZN

DOGEUSD

NVDA

TSLA

The past week saw a surge in U.S. stock markets with record highs for major indices, driven by AI investment excitement and anticipated Fed rate cuts. Nvidia (NVDA) and AMD are expected to overcome Q4 market challenges with AI technology. Amazon (AMZN) is seen as undervalued, with growth potential in AWS and retail. Dogecoin (DOGE) may rise to $0.10 on rumors of integration with Musk's X app, potentially affecting similar coins like FLOKI. Tesla (TSLA) faces analyst skepticism post-Q4 results. Apple's (AAPL) new product sees strong pre-orders but future demand is uncertain.

Portfolio Pulse from Michael Cohen

January 27, 2024 | 2:26 pm

BTCUSD

Chris Burniske, former crypto lead at Ark Invest, predicts Bitcoin could drop to $30,000-$36,000 and possibly mid-high $20,000s before reaching new highs. Despite a recent surge, Bitcoin had fallen nearly 20% after the debut of spot bitcoin ETFs. Analysts like Justin Bennett suggest Bitcoin could fall to $10,000-$15,000. The Bitcoin halving in April may affect profitability for Bitcoin miners. An Ethereum advocate criticized the crypto market as an 'unhinged casino'. Bitcoin trades at $41,787, up 3.99%.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 8:44 am

TSLA

Fund manager David Baron predicts a 550% increase in Tesla Inc.'s (NASDAQ:TSLA) stock value by 2030, with an interim target of $300 within the next 12 months from its current price of $183.25. Despite Tesla's lower growth rate outlook for 2024 and a 13.6% stock fall since Monday, Baron remains optimistic, citing Elon Musk's leadership. Baron's fund, which holds Tesla and SpaceX as its largest assets, outperformed the S&P 500 in 2023. He also forecasts significant valuation increases for SpaceX over the next five years.

Portfolio Pulse from Anan Ashraf

January 27, 2024 | 7:35 am