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GBTC

Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) are in decline, partly due to institutional sales from ETFs. Grayscale's GBTC has seen significant outflows since converting to a spot Bitcoin ETF, with FTX's bankruptcy estate selling a large portion of its GBTC shares. Analysts predict a massive correction for Bitcoin, while some assets like Bitcoin Cash and Loopring are being actively shorted on Binance. The S&P 500 and Nasdaq hit new highs, and key economic indicators are expected later this week.

Portfolio Pulse from Mehab Qureshi

January 24, 2024 | 3:37 am

TSLA

Tesla Inc (NASDAQ:TSLA) has listed over 80 job openings related to its Semi electric truck, indicating an acceleration in its plans for the vehicle. The jobs are located in Nevada, California, and Texas, with the Nevada gigafactory nearing completion of a high-volume Semi factory announced in January 2023. Tesla executives have targeted volume production of the Semi for 2024, with about 100 Semis currently in the fleet and ongoing durability testing with PepsiCo.

Portfolio Pulse from Anan Ashraf

January 24, 2024 | 3:05 am

BABA

DWAC

NFLX

NVVE

TSLA

U.S. indices showed mixed results with the Dow Jones down, while the S&P 500 and Nasdaq rose. Netflix reported a revenue beat with subscriber growth, despite missing EPS estimates. Digital World Acquisition surged after Trump's primary win. Alibaba rallied after China's stimulus announcement. Nuvve Holding soared on a fleet electrification project. Tesla saw a slight increase ahead of its earnings report.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 1:59 am

ALK

UAL

Boeing CEO Dave Calhoun is scheduled to meet with U.S. senators including Ted Cruz and Mark Warner to discuss the grounding of the 737 MAX 9, following a cabin panel blowout on an Alaska Air jet. The FAA has grounded 171 MAX 9 airplanes and recommended expanded checks on the 737-900ER fleet. United Airlines CEO Scott Kirby has concerns about the MAX 10 jets, which are vital for Boeing's recovery. Boeing has also announced a quality stand down at its Seattle-area location to address safety concerns.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 1:50 am

INSG

Trading for INSG 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 a fair and orderly market in anticipation of significant news that could affect the stock price.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:50 am

MSFT

SONY

Sony Group Corp.'s CEO Kenichiro Yoshida outlined the future of PlayStation, indicating expansion to PC, mobile, and cloud while maintaining PlayStation's core status. He expressed skepticism about the value of gaming subscription services compared to video streaming, preferring a hybrid service model on PlayStation Network. Yoshida also commented on Microsoft's acquisition of Activision Blizzard, emphasizing Sony's commitment to providing diverse gaming options and maintaining healthy competition in the industry.

Portfolio Pulse from Franca Quarneti

January 24, 2024 | 12:09 am

ETH-USD

MATIC-USD

USDC-USD

Former President Donald Trump won the Iowa caucus and is a step closer to the GOP nomination for the 2024 presidential election. The article discusses the betting odds on Polymarket for Trump's potential vice presidential pick. Elise Stefanik is currently the favorite, followed by Kristi Noem, Vivek Ramaswamy, Tim Scott, and Nikki Haley. Ron DeSantis and Haley are seen as less likely picks due to past conflicts with Trump. Polymarket uses cryptocurrencies like MATIC, USDC, and ETH for betting, and the political betting market is gaining popularity, surpassing even the betting on Bitcoin ETF approvals.

Portfolio Pulse from Chris Katje

January 23, 2024 | 11:52 pm

AMAT

ASML

KLAC

LRCX

ASML Holding NV is set to report Q4 earnings with expectations of $5.27 EPS and $7.53 billion in revenues. Cantor Fitzgerald analyst C.J. Muse has an Overweight rating on ASML with a price target of €900, indicating a 21% upside. Despite underperforming in 2023, ASML is seen as a 'FIFO' beneficiary with a potential rebound in bookings in 2Q24, driven by DRAM spending, demand for advanced technologies, and High NA tool demand. Muse projects ASML to lead the SPE group in 2024, outperforming peers like Applied Materials, Lam Research, and KLA Corp.

Portfolio Pulse from Surbhi Jain

January 23, 2024 | 11:28 pm

ARKK

ARKQ

ARKW

HTZ

TSLA

UBER

Ark Invest CEO Cathie Wood supports Elon Musk's desire to increase his ownership of Tesla to 25% to lead AI and robotics initiatives. Wood praised Musk's vision and criticized the market's short-term focus. She also commented on Hertz scaling back its EV plans, noting the maintenance cost benefits of EVs over traditional cars. Wood mentioned Uber's encouragement for drivers to use Tesla vehicles. Tesla is a significant holding in several Ark ETFs, and Wedbush analyst Dan Ives views Musk's potential AI projects outside Tesla as a negative for the company.

Portfolio Pulse from Chris Katje

January 23, 2024 | 11:01 pm

SABS

SAB Biotherapeutics announced it has regained compliance with Nasdaq's minimum bid price requirement. The company's stock had previously been at risk of being delisted due to its share price falling below the $1.00 minimum threshold. Nasdaq requires listed companies to maintain a minimum bid price of $1.00 per share, and SAB Biotherapeutics has successfully met this requirement within the grace period provided by Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:59 pm