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Stock Prices

EUDA

EUDA Health has regained compliance with Nasdaq's listing requirements, ensuring its continued listing on the exchange. This follows a period where EUDA may have been at risk of delisting due to non-compliance with Nasdaq's standards.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:06 am

FBTC

GBTC

IBIT

Spot Bitcoin ETFs have seen a surge in trading volumes, reaching approximately $10 billion in the first three days. Grayscale's Bitcoin Trust ETF (GBTC) traded about 25 million shares on Tuesday, while BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) also experienced significant volumes. Senior Bloomberg ETF analyst Eric Balchunas highlighted the exceptional activity of these ETFs compared to the rest of the ETFs launched in 2023. Ark Invest's BTC ETF and a Bitwise-managed fund also saw notable trading volumes.

Portfolio Pulse from Mehab Qureshi

January 17, 2024 | 5:54 am

FXI

China's Industrial Production for December increased to 4.6% year-to-date compared to the previous 4.3%, indicating a slight improvement in industrial output.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 5:25 am

BTCUSD

XRPUSD

Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler's approach to crypto regulation at the World Economic Forum in Davos. Garlinghouse called Gensler a 'political liability' and expressed concerns about the U.S. falling behind in crypto regulation. He mentioned the possibility of an IPO for Ripple but stated it is not an immediate priority. Garlinghouse also commented on the approval of Bitcoin ETFs and the potential for other crypto-based ETFs.

Portfolio Pulse from Mehab Qureshi

January 17, 2024 | 3:54 am

AMGN

ARKW

BITO

CRSP

PACB

PFE

QCOM

Ark Invest, led by Cathie Wood, sold $15.84 million worth of ProShares Bitcoin Strategy ETF (BITO) units through its ARK Next Generation Internet ETF (ARKW). The sale occurred during a volatile period in the cryptocurrency market and follows Ark's previous divestment from Grayscale Bitcoin Trust (GBTC). Ark is also aiming for a $4 billion target for its own Ark21Shares Bitcoin ETF (ARKB). Additionally, Ark made other key trades, including purchasing shares of Amgen (AMGN), Pacific Biosciences of California (PACB), CRISPR Therapeutics (CRSP), and Qualcomm (QCOM), while selling shares of Pfizer (PFE).

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 3:39 am

CFLT

DVN

LAC

Jim Cramer, host of CNBC's 'Mad Money,' warned of a potential market downturn due to an unsustainable surge in tech stocks, particularly those touting AI initiatives. He noted that stocks have gone parabolic on no new information, with the 'Magnificent Seven' tech stocks needing to rest. Cramer linked the market rally to the Fed's pause on rate hikes, suggesting a cooling economy. He advised investors to take profits and remains skeptical about certain stocks like Devon Energy (DVN), Lithium Americas (LAC), and Confluent (CFLT). The major indices fell on Tuesday, with the S&P 500 down by 0.37% and the Nasdaq 100 down by 0.19%.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 3:34 am

INTC

JPM

Chinese Premier Li Qiang met with business leaders, including JPMorgan's Jamie Dimon, at the World Economic Forum in Davos to attract foreign investment. Li emphasized China's stability and potential for high returns, promising a fair business environment despite recent economic challenges and a significant drop in foreign investment in China's stock market.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 3:04 am

GBTC

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw gains on Tuesday evening. Analysts weigh the impact of spot ETFs on Bitcoin, predicting a potential rejection at $46K and a correction below $40K. Grayscale Bitcoin Trust transferred 8,730 Bitcoin to Coinbase Prime, hinting at possible sales due to its share price decline. The global cryptocurrency market cap increased slightly, while the S&P 500 and Nasdaq Composite saw declines. Investors await December retail sales data, which could impact economic growth perceptions. Ethereum's price dominance over Bitcoin has grown, with a significant increase in new ETH addresses and a decrease in supply on exchanges.

Portfolio Pulse from Mehab Qureshi

January 17, 2024 | 2:50 am

BRK

Boeing Co's (NYSE:BA) recent grounding of 171 of its 737 Max 9 aircraft due to a door incident may negatively affect Precision Castparts, a subsidiary of Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK). Precision Castparts, a key supplier to Boeing, has previously experienced production delays due to issues with Boeing's 737 Max and 787 programs. The ongoing problems with Boeing's aircraft could further strain its operations and relationships with suppliers like Precision Castparts.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 2:47 am

AMD

BABA

DWAC

SAVE

TSLA

U.S. stock market declined on Tuesday with major indices in the red. Digital World Acquisition Corp (DWAC) surged 29.04% due to Trump's lead in the Iowa caucus. AMD rose 8.31% on KeyBanc's positive outlook. Spirit Airlines (SAVE) plummeted 47.09% after a blocked acquisition by JetBlue. Alibaba (BABA) fell 3.31% amid concerns about Chinese internet firms. Tesla (TSLA) had a modest gain of 0.47%, despite market concerns and Musk's comments on AI.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 1:44 am