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MESO

Trading on the stock of Mesoblast Limited (MESO) has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market order imbalances and ensure a fair and orderly market once trading resumes.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:50 am

SABSW

Trading on the stock SABSW 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 fair information dissemination.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:50 am

FOX

FOXA

Recent polls indicate a close race for the 2024 presidential election between Joe Biden and Donald Trump. Trump's lead over Biden has decreased, with Trump at 42% and Biden at 41% in the latest poll. Among Independent voters, Biden gained two points while Trump lost four. Trump is still leading among Republican voters, though his support has dropped slightly. Biden's support among Democratic voters has increased, reaching 84%. Biden will be highlighting the stakes of the election in upcoming events, while Trump is set to appear on Fox News for a town hall, bypassing a Republican primary debate.

Portfolio Pulse from Chris Katje

January 05, 2024 | 12:19 am

BTCUSD

ETHUSD

GBTC

SOLUSD

TIAUSD

Messari's report highlights Bitcoin's strong performance, labeling it the 'Godzilla of Finance' after ETF approval and accounting changes favoring BTC holdings. Bitcoin's price rose 3.3% in the last 24 hours, with a 26% gain over two months. December NFT volume hit $881 million, outpacing Ethereum and Solana combined. Bitcoin's dominance is at 51.4%, with potential for consolidation. Ethereum is praised for its supply dynamics, while Solana is the top pick among analysts. Render, Bittensor, and Autonolas are also winners. Key figures in the crypto space for 2024 include Larry Fink, Cathie Wood, Elon Musk, and Elizabeth Warren. Products like Solana's Firedancer, Celestia, BASE from Coinbase, Grayscale, Lido, and Project Guardian are noted.

Portfolio Pulse from Khyathi Dalal

January 04, 2024 | 11:57 pm

UTEN

Jim Bianco, a top Wall Street analyst, predicts the 10-year Treasury yield will rise to 5.5% by mid-2024, the highest since May 2001. He believes the Fed will adopt a more hawkish approach and sees the economy expanding despite higher interest rates. Bianco suggests the Fed may cut rates up to three times, contrary to market expectations of up to six cuts. He also notes the yield curve has been inverted for 15 months, and normalization could benefit banks. The US Treasury 10 Year Note ETF (UTEN) has rallied 8% since 2023's lows.

Portfolio Pulse from Piero Cingari

January 04, 2024 | 11:09 pm

SMG

Scotts Miracle-Gro Foundation has donated $100,000 to the ACHEM Freedom Initiative to support legal cannabis users. The initiative, led by ACHEM and in partnership with NABCL, aims to provide resources and training for healthcare and legal professionals to defend medical marijuana patients' rights. Scotts Miracle-Gro (NYSE:SMG) shares were slightly up following the news.

Portfolio Pulse from Joana Scopel

January 04, 2024 | 11:05 pm

Franklin Covey Company (NYSE:FC) reported Q1 earnings of 36 cents per share, surpassing estimates of 23 cents and up from 32 cents the previous year. Revenue was $68.40 million, above the $65.88 million estimate but down 1.40% from last year's $69.37 million. Operating cash flows increased to $17.4 million from $3.0 million. Despite the positive results, FC shares fell 5.51% after-hours to $37.20. The company maintains its adjusted EBITDA growth target for FY 2024.

Portfolio Pulse from Ryan Gustafson

January 04, 2024 | 10:39 pm

DRMAW

Dermata Therapeutics, Inc. (NASDAQ:DRMAW) saw its shares surge in after-hours trading following the announcement of a new patent issued in Japan for its DMT410 program, aimed at treating hyperhidrosis. The patent marks the first for DMT410 and leverages Dermata's Spongilla technology for topical delivery of botulinum toxin. The company's CEO highlighted the patent's validation of the novel concept and potential treatment opportunities for various forms of hyperhidrosis. Shares of Dermata increased by 96.7% to $1.20 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 04, 2024 | 10:31 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

QQQ

TSLA

The Nasdaq 100 index has recorded its fifth consecutive negative session, the worst downturn for U.S. tech stocks in nearly 14 months since December 28, 2023. The index has lost 4.1% over this period. The decline is led by the 'Magnificent Seven' tech giants, which have lost an average of 4% in the last five sessions, contributing to a market value loss of $456 billion. The Invesco QQQ Trust's top 10 laggards of the last week include MongoDB, ON Semiconductor, NXP Semiconductors, GLOBALFOUNDRIES, Walgreens Boots Alliance, Advanced Micro Devices, Applied Materials, Datadog, Microchip Technology, and Atlassian Corporation.

Portfolio Pulse from Piero Cingari

January 04, 2024 | 10:06 pm

AAPL

Despite a 5% drop in Apple Inc. (AAPL) shares in 2024 due to weaker consumer demand and Chinese market restrictions, Neuberger Berman analyst Daniel Flax believes Apple is set for long-term success. Flax highlighted Apple's history of product reinvention, expansion in wearables and services, and potential in spatial computing with VisionPro hardware. He also noted a trend towards consumers choosing higher-end iPhone models and predicted further integration of AI in Apple's products.

Portfolio Pulse from Erica Kollmann

January 04, 2024 | 9:54 pm