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ACI

MDXH

PSMT

SNX

URBN

U.S. stock futures are trading lower, with investor focus on earnings reports from TD SYNNEX, Albertsons, MDxHealth, Urban Outfitters, and PriceSmart. TD SYNNEX is expected to report earnings of $2.68 per share on revenue of $14.48 billion. MDxHealth reported preliminary Q4 revenue of $19.4 million and forecasts FY24 revenue of $79-81 million, above estimates. Albertsons is expected to report earnings of 65 cents per share on revenue of $18.37 billion. Urban Outfitters reported a 10% increase in net sales for the two months ended Dec. 31, 2023. PriceSmart is expected to post earnings of $1.09 per share on revenue of $1.16 billion.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 7:03 am

BTCUSD

Jim Cramer, host of CNBC's 'Mad Money', expressed skepticism about Bitcoin's recent price surge, suggesting it may be 'topping out' as the market anticipates a potential spot Bitcoin ETF approval. He advised investors to buy Bitcoin directly if they are interested in the cryptocurrency, rather than investing in related stocks or ETFs. Cramer has previously sold most of his Bitcoin holdings and has been critical of the SEC's regulatory approach to cryptocurrencies.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 6:56 am

AKR

Acadia Realty Trust has priced its offering of 6.9 million common shares at $16.75 per share. This move is aimed at raising capital, potentially for growth initiatives, debt reduction, or other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:43 am

ACI

NVDA

PSMT

SMH

SNX

The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone. The Nasdaq Composite had its best day since November 14, 2023, with tech stocks surging. The VanEck Semiconductor ETF (SMH) recorded a significant gain. Boeing (BA) shares dropped after safety issues with the 737 aircraft, while NVIDIA (NVDA) shares rose following the announcement of new GPUs. The S&P 500 and Dow Jones also closed higher. Investors are looking forward to earnings from PriceSmart (PSMT), Albertsons (ACI), and TD SYNNEX (SNX).

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 6:42 am

MSFT

NVDA

NVIDIA Corp (NASDAQ:NVDA) shares jumped over 4% to a record high of $514, following its presentation at CES and updates on its China business. Despite the stock's significant growth, CNBC's Jim Cramer believes Nvidia is still undervalued. Nvidia is starting mass production of AI chips for Chinese customers in compliance with U.S. export rules, even as Chinese tech giants plan to reduce orders in favor of local suppliers. Nvidia also unveiled new GPUs at CES. Cramer has consistently supported Nvidia, even with competition from Microsoft Corp (NASDAQ:MSFT) and market rumors.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:39 am

TCEHY

ByteDance, the parent company of TikTok, is in discussions to sell its gaming assets, including its gaming unit Nuverse and games 'Crystal of Atland' and 'Earth: Revival', to Tencent Holdings Ltd (OTC:TCEHY). The talks follow ByteDance's decision to exit the gaming market and focus on other strategic areas. Tencent has previously advertised its game 'DreamStar' through ByteDance's ad network, indicating a warming relationship between the two companies.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:26 am

LMT

The residence of the late former Prime Minister Kakuei Tanaka in Tokyo was damaged by fire. No injuries were reported. The fire started while his daughter, former Foreign Minister Makiko Tanaka, was lighting incense sticks. The residence is known for the Lockheed bribery scandal from the 1970s, where Lockheed Aircraft Corp. paid bribes to Japanese officials, including Tanaka. Lockheed Corporation, now Lockheed Martin Corp (NYSE:LMT), was involved in the scandal.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:19 am

AAPL

Apple Inc. (AAPL) is set to release its Vision Pro mixed-reality headset on February 2, with pre-orders starting January 19. Analyst Ming-Chi Kuo suggests that while initial sales are expected to be strong due to Apple's core fanbase, the long-term success of the product will depend on clear product positioning and key applications. Kuo warns that a slow start could negatively impact Apple's short-term stock price but also notes the product's superior specifications and software. The market's response to Vision Pro will be critical for Apple's future model decisions.

Portfolio Pulse from Ananya Gairola

January 09, 2024 | 5:38 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (CPI) for November came in at 2.1%, aligning with estimates and showing a slight decrease from the previous 2.3%. This data is a key indicator of inflation in Tokyo and can influence investor sentiment regarding Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:17 am

ETH

SOL

The Solana-based meme cryptocurrency Bonk (BONK) has surged 30% in the past 24 hours, outperforming other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE). The market is optimistic about a potential Bitcoin ETF approval, which has contributed to a broader market recovery. Solana (SOL) has seen increased on-chain trading volumes and network fees, surpassing Ethereum (ETH). Crypto exchange OKX plans to list BONK and Jito (JTO) on January 8, 2024.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:39 am