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ARKW

COIN

GBTC

ARK Next Generation Internet ETF (ARKW) sold its entire stake in Grayscale Bitcoin Trust (GBTC) and bought shares in ProShares Bitcoin Strategy ETF and ARK 21Shares Active Bitcoin Futures Strategy ETF. ARKW also sold shares of Coinbase Global Inc. (COIN) and purchased shares of Block Inc (SQ). These moves are in anticipation of the SEC's decision on Bitcoin ETFs, with Cathie Wood citing caution due to uncertain approval of Grayscale's conversion to an ETF.

Portfolio Pulse from Rounak Jain

December 30, 2023 | 6:39 am

TSLA

Elon Musk announced he will conduct a 'company talk' for SpaceX next week and for Tesla Inc (NASDAQ:TSLA) after filing its 10-K. Musk plans to discuss SpaceX and Tesla's achievements in 2023 and future plans for 2024 and beyond. The talks will be posted on their X accounts. Tesla began Cybertruck deliveries in late November and aims to deliver 1.8 million vehicles in 2023. SpaceX, valued at $180 billion, completed 96 launches this year and targets 144 launches in 2024.

Portfolio Pulse from Anan Ashraf

December 30, 2023 | 5:53 am

AAPL

AMZN

RIVN

Gary Black, Managing Partner at Future Fund, suggests that Apple Inc (AAPL) should consider acquiring Rivian Automotive Inc (RIVN) to compete with Chinese smartphone companies entering the EV market. Black notes that Rivian, with a $17.5B enterprise value, may not be open to a sale, especially with Amazon.com Inc (AMZN) holding a 17% stake. Rivian's Q3 performance was strong, with vehicle deliveries close to Tesla's and better-than-expected financial results. Black is bullish on Rivian's future profitability.

Portfolio Pulse from Anan Ashraf

December 30, 2023 | 4:39 am

AAPL

TSLA

Tesla CEO Elon Musk has reiterated his belief that Tesla's market cap could surpass the combined value of Apple and Saudi Aramco within the next five years, provided Tesla executes extremely well. This statement comes despite Tesla's recent revenue miss and lower production and delivery numbers in the last quarter. Apple and Saudi Aramco are currently among the highest-valued companies globally, with market caps of $2.99 trillion and $2.13 trillion respectively, while Tesla's market cap stands at $778.6 billion.

Portfolio Pulse from Anan Ashraf

December 30, 2023 | 3:01 am

BLK

FIS

JPM

BlackRock (BLK), Fidelity (FIS), and WisdomTree (WT) have named Jane Street Capital and JPMorgan Securities (JPM) as authorized participants for their upcoming Bitcoin ETFs, pending SEC approval. Jane Street is also selected by Valkyrie for a similar role. The SEC had set a deadline of Dec. 29 for final amendments, with early January as the potential approval window for Bitcoin ETFs. Invesco is also in the race, offering to waive fees for its Bitcoin ETF.

Portfolio Pulse from Benzinga Neuro

December 30, 2023 | 2:43 am

BAC

BRK

BYDDY

BYDFF

DJCO

WFC

Following Charlie Munger's death, Daily Journal Corp. (DJCO) has warned shareholders of potentially lower future returns, acknowledging Munger's irreplaceable role in managing their $300M stock portfolio. Munger, also vice-chairman of Berkshire Hathaway (BRK), had led the publisher's investment strategy, focusing on a few companies like Bank of America (BAC), Wells Fargo (WFC), and BYD (BYDDY, BYDFF). The portfolio, which started with a $20.4M investment, grew significantly under Munger's guidance.

Portfolio Pulse from Rounak Jain

December 30, 2023 | 2:10 am

KTTAW

Trading for KTTAW has been halted at 7:50:00 p.m. ET due to pending news. No further details are provided about the nature of the news or when trading will resume.

Portfolio Pulse from Benzinga Newsdesk

December 30, 2023 | 12:50 am

KTTA

Trading on KTTA was 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 news.

Portfolio Pulse from Benzinga Newsdesk

December 30, 2023 | 12:50 am

TBLT

Trading for TBLT 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

December 30, 2023 | 12:50 am

AEM

Agnico Eagle Mines has acquired 19.6 million units of Canada Nickel Company, with each unit priced at $1.18. This strategic investment could indicate confidence in Canada Nickel Company's prospects and Agnico Eagle Mines' interest in nickel mining.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 10:03 pm