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Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw price increases as short positions faced liquidations. Over $72 million in crypto shorts were liquidated in 24 hours, with the largest single liquidation order on Bybit involving Bitcoin. Invesco and Galaxy Asset Management announced a fee reduction for their Bitcoin ETF, which has seen significant trading activity. The S&P 500 and other major indices rose in anticipation of tech earnings and the Federal Reserve's rate decision. Analysts predict Bitcoin could surge to $50K pre-halving, and significant Bitcoin transactions indicate $42,550 as a critical support level.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 3:00 am

WMT

Walmart Inc (NYSE:WMT) is set to offer annual stock grants valued up to $20,000 to store managers, potentially pushing their total compensation above $525,000. This follows recent pay and bonus raises, with the new compensation structure starting February 1, raising the average base salary for U.S. store managers to $128,000. The maximum bonus has also increased, with a Supercenter manager able to earn up to $530,000 including bonuses and stock grants. Walmart's move aligns with tech industry trends of offering equity grants and follows their wage increase announcement last year. The company also expanded its drone delivery service but faced criticism over a gift card fraud network.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 2:39 am

AMZN

MSFT

SMCI

SOFI

TSLA

On Monday, U.S. stocks closed higher with Microsoft, Super Micro Computer, SoFi Technologies, Amazon, and Tesla gaining investor attention. Microsoft rose 1.43% ahead of its Q2 financial results. Super Micro's shares surged 4.54% after reporting strong quarterly sales and earnings. SoFi Technologies jumped 20.21% on increased adjusted revenue and new member additions. Amazon closed up 1.78% following the termination of its merger with iRobot. Tesla's shares increased by 4.19% amid news of Chair Robyn Denholm's stock sale plan.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 1:58 am

JPM

Jamie Dimon, CEO of JPMorgan Chase & Co, warned of a potential global market 'rebellion' due to the rising U.S. national debt, which has surpassed $34 trillion. During a panel at the Bipartisan Policy Center, he expressed concern over the debt-to-GDP ratio reaching 130% by 2035 and the implications of foreign holdings of U.S. debt. Dimon emphasized the importance of addressing the debt issue to maintain global security and a strong America.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 1:51 am

ICRT

Instacart (NASDAQ:ICRT) has integrated AI into its recipe generation, resulting in viral, often unappetizing outcomes. The AI-generated images and text for recipes on Instacart's website have been criticized for their odd appearances. Over 8,000 recipes have an AI disclosure. Despite a successful IPO and stock surge, partly due to acquisition speculation by Uber, this controversy could harm Instacart's image and user experience. The legal aspects of AI-generated imagery are also uncertain.

Portfolio Pulse from Ananya Gairola

January 30, 2024 | 1:29 am

GRI

Trading on the stock GRI 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 30, 2024 | 12:50 am

BA

Boeing has withdrawn its request for a safety exemption for its 737 MAX 7 aircraft, which is currently awaiting certification. The exemption was related to cockpit alerts, and Boeing's decision to withdraw the bid may affect the timeline for the aircraft's certification process.

Portfolio Pulse from Charles Gross

January 30, 2024 | 12:17 am

FSBC

Five Star Bancorp (NASDAQ:FSBC) exceeded analyst expectations for Q4 with EPS of $0.63 against estimates of $0.59, a 6.78% beat. However, this represents an 18.18% decrease from the previous year's EPS of $0.77. Sales reached $28.61M, surpassing estimates of $27.51M by 4.01%, but marked a 6.90% decline from the prior year's $30.74M.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:04 pm

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) experienced a significant drop of over 38% in after-hours trading following the announcement of a proposed public offering of its Class A common stock and/or pre-funded warrants. The offering includes a 45-day option for the underwriter to purchase an additional 15% of the shares. The proceeds are intended for working capital and general corporate purposes. At the time of publication, SIDU shares were down 33.45% at $5.79 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 29, 2024 | 10:47 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is set to report Q2 financial results after market close on January 30. Analysts expect revenue of $61.10 billion and EPS of $2.78, with potential beats on both. Wedbush analyst Daniel Ives highlights the importance of AI and cloud growth, particularly Azure, for Microsoft's future, calling it Microsoft's 'iPhone Moment'. Other analysts also maintain positive ratings with high price targets. AI infusion in tech and concerns over deepfake AI are key topics, alongside the impact of layoffs in Microsoft's gaming division.

Portfolio Pulse from Chris Katje

January 29, 2024 | 10:39 pm