Streetbeat News

Acquisitions Mergers

ARKK

IYW

NVDA

SPRX

Ivana Delevska, founder of Spear Invest, is being compared to Cathie Wood due to her fund, Spear Alpha ETF (SPRX), outperforming ARK Innovation ETF (ARKK). While ARKK has seen significant outflows and flat performance in 2024, SPRX has surged 15% in the same period. Delevska's investment strategy, focusing on value and 'boots on the ground' research, contrasts with Wood's thematic approach. Delevska's success, especially in tech sectors like cybersecurity and semiconductors, has drawn attention and increased SPRX's AUM significantly.

Portfolio Pulse from Johnny Rice

March 08, 2024 | 4:23 pm

NET

Cloudflare, Inc. (NYSE:NET) shares are rising due to the company's announcement of aggressive investment plans in the Middle East, including a new office in Dubai Internet City and team expansions. This move comes after observing a significant increase in Internet usage and cyber threats in the region during Q4 2023. Cloudflare's efforts in the Middle East since 2015 aim to enhance regional infrastructure, partnerships, and customer success.

Portfolio Pulse from Nabaparna Bhattacharya

March 08, 2024 | 3:54 pm

AAPL

NFLX

Apple Inc (AAPL) has made significant investments in blockbuster movies, spending $700 million on 'Killers of the Flower Moon,' 'Napoleon,' and 'Argylle,' which collectively grossed $470.4 million worldwide. The company's strategy of releasing films theatrically before streaming them on AppleTV+ has contributed to their profitability and increased subscriber numbers. With 13 Academy Award nominations for its movies, Apple's presence in the entertainment industry is growing. However, an analyst suggests Apple's $1 billion film budget could be better utilized, despite the quality of films attracting demand for AppleTV+.

Portfolio Pulse from Chris Katje

March 08, 2024 | 2:01 pm

WLDN

Willdan Group's shares surged following the announcement of Q4 financial results that exceeded expectations and the issuance of an optimistic FY24 guidance. Additionally, the company announced securing a contract valued between $30 million to $50 million over the next three years.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:29 pm

COIN

PLTR

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have seen significant spikes, with Bitcoin nearing all-time highs. The cannabis industry reacts positively to Biden's call for cannabis reform. Cathie Wood sells $13.15M worth of Coinbase shares, opting for Palantir stock instead. Tesla's Bitcoin investment yields a substantial unrealized profit. The S&P 500 surges to a new high, driven by tech giants and improved investor sentiment. Biden's economic policies and calls for cannabis reform mark significant political statements. Tesla faces a valuation drop and legal challenges, while the EV market sees competition from Rivian.

Portfolio Pulse from Akanksha Bakshi

March 08, 2024 | 1:12 pm

MSFT

OpenAI experienced leadership turmoil with the brief ouster of CEO Sam Altman, influenced by concerns from CTO Mira Murati and co-founder Ilya Sutskever regarding Altman's leadership style. Despite their concerns, both supported Altman's return, amid fears of a talent drain and employee resignations. The board agreed to restructure for more diversity and independence. Microsoft Corp. played a significant role by hiring Altman and Greg Brockman for a new AI research team, underscoring its commitment to AI and its partnership with OpenAI.

Portfolio Pulse from Rounak Jain

March 08, 2024 | 1:06 pm

EADSY

UAL

United Airlines Holdings Inc. (NASDAQ:UAL) is adjusting its pilot recruitment plans due to delays and challenges with Boeing Company's (NYSE:BA) Max 10 aircraft. United is delaying new pilot recruitment and halting training classes to navigate through Boeing's ongoing certification and manufacturing delays. The airline is also considering converting Max 10 orders to Max 8 or 9 variants and potentially acquiring Airbus SE (OTC:EADSY) A321neo aircraft in response to the setbacks.

Portfolio Pulse from Shivani Kumaresan

March 08, 2024 | 12:40 pm

SAVE

SOS

TTEC

The article highlights the top 3 oversold stocks in the industrials sector, indicating a potential buying opportunity. TTEC Holdings, SOS Limited, and Spirit Airlines are identified based on their low RSI values, suggesting they are undervalued. TTEC's recent financial results and guidance disappointed investors, SOS expanded its mining operations, and Spirit Airlines terminated its merger with JetBlue, impacting their stock prices.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 12:39 pm

COIN

PLTR

Cathie Wood's Ark Invest sold $13.15M worth of Coinbase (COIN) shares and bought Palantir (PLTR) shares, among other trades. The sale of Coinbase shares occurred as Bitcoin neared all-time highs, while the purchase of Palantir shares followed a strong buy recommendation from Jim Cramer. Other notable trades included investments in JSC KASPI.KZ ADR (KSPI), Toast Inc (TOST), SoFi Technologies Inc (SOFI), 908 Devices Inc (MASS), Personalis Inc (PSNL), Roku Inc (ROKU), Iridium Communications Inc (IRDM), and Teradyne Inc (TER).

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 6:40 am

RIVN

Rivian Automotive has announced halting the construction of its $5 billion Georgia plant to cut costs, opting to launch its new R2 SUV from its Illinois facility instead. This move is expected to save the company $2.25 billion, enabling an earlier launch of the R2 vehicle. Despite the halt, the Georgia plant remains crucial for future R2 and R3 CUV production. Rivian aims to start R2 production in the first half of 2026, with plans to increase the Normal factory's capacity to 215,000 units annually. The company reported a Q4 2023 revenue of $1.3 billion and a net loss of $1.52 billion but maintains sufficient liquidity to fund operations until R2 production begins.

Portfolio Pulse from Anan Ashraf

March 08, 2024 | 4:56 am