Streetbeat News

Analyst Ratings

CART

Wolfe Research analyst Deepak Mathivanan has initiated coverage on Maplebear, listed as CART on NASDAQ, with a Peer Perform rating.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:11 am

DOGEUSD

Binance CEO, Changpeng Zhao, has praised the biography of Elon Musk authored by Walter Isaacson. Zhao noted similarities between his and Musk's use of the term 'hardcore' and admired Musk's ability to handle failures. The biography also explores Musk's involvement with Dogecoin (DOGE).

Portfolio Pulse from Mehab Qureshi

September 25, 2023 | 4:38 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline in value despite sharp sell-offs in equity markets. The global crypto market capitalization stands at $1.06 trillion, a 0.41% decrease in the last day. Analysts predict a potential recovery in the coming weeks, with the approval of Ethereum ETF Futures and the start of 'Uptober'.

Portfolio Pulse from Mehab Qureshi

September 25, 2023 | 2:32 am

AAPL

BTCUSD

MSFT

NVDA

Crypto trader Bluntz predicts a potential bearish lower-high formation in Bitcoin's trajectory, foreseeing a drop to approximately $23,800, a new six-month low. He also identified potential bearish reversals in the quarterly charts of major tech stocks, including Microsoft, Apple, and Nvidia.

Portfolio Pulse from Bibhu Pattnaik

September 24, 2023 | 7:10 pm

AAPL

BTCUSD

MSFT

Crypto analyst Nicholas Merten predicts a $440 billion contraction in the total market capitalization of Bitcoin and other digital currencies, with Bitcoin potentially stabilizing between $15,000 and $16,000. The anticipated downturn is attributed to the Federal Reserve's hawkish approach, which is expected to reduce liquidity and negatively impact the performance of stocks such as Microsoft Corporation and Apple Inc.

Portfolio Pulse from Bibhu Pattnaik

September 24, 2023 | 3:42 pm

GOOGL

MSFT

PLTR

The past week in AI saw concerns over misuse and regulatory scrutiny, alongside bullish market predictions and tech advancements. Stephen Fry voiced concerns over AI misuse, while UK and US officials grappled with ethical and monopolistic challenges. An analyst offered a bullish outlook on Microsoft, citing AI’s potential to drive higher profits. Alphabet announced enhancements to its AI chatbot Bard. Palantir Technologies CEO Alex Karp voiced concerns about the risks AI poses to humanity.

Portfolio Pulse from Benzinga Neuro

September 24, 2023 | 2:02 pm

DXCM

EXPD

FMC

META

NVDA

PGR

PODD

SEDG

TSN

BofA has endorsed 'old economy' giants NVIDIA Corporation and Meta Platforms, Inc. as potential leaders in the S&P 500's growth. FactSet predicts a 19% increase in the S&P 500's price within the next year, with the information technology, consumer discretionary, and real estate sectors expected to see the most significant price hikes. FactSet also highlighted four companies with significant growth potential: SolarEdge Technologies, Inc., Insulet Corporation, DexCom, Inc., and FMC Corporation. Conversely, Expeditors International Of Washington, Inc., Tyson Foods, Inc., Consolidated Edison, Inc., and Progressive Corporation are predicted to face downside risks.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2023 | 2:01 pm

COTY

IPAR

LRLCF

ULTA

L'Oréal Co. (OTC:LRLCF) (OTC:LRLCY) is undergoing significant transformations under its CEO, Nicholas Hieronimus, who projects the beauty market to reach $426.8 billion by 2030. The company is integrating advanced technology and investing over $1 billion annually in beauty tech. L'Oréal is also committed to sustainability and plans to use 100% recycled plastic by 2030. Other beauty stocks with upward potential include Coty Inc. (NYSE:COTY), Ulta Beauty, Inc. (NASDAQ:ULTA), and Inter Parfums Inc (NASDAQ:IPAR).

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 8:20 pm

LCID

NKLA

TSLA

VFS

Electric vehicle (EV) stocks fell this week due to the Federal Reserve's hint at continuing its rate-tightening cycle. Tesla (TSLA) is rumored to pause Model Y production at its Giga Texas plant, causing concerns about Q3 deliveries. Lucid Group (LCID) received an operating license to begin production in Saudi Arabia. Nikola Corp. (NKLA) appointed Mary Chan as its new COO, causing the stock to spike by 38%. Toyota (TM) plans to triple EV production by 2025. VinFast Auto (VFS) plans to expand into Europe and India.

Portfolio Pulse from Shanthi Rexaline

September 23, 2023 | 4:53 pm

BTCUSD

BUD

CART

PLTR

TSLA

The past week saw the third consecutive week of losses for the Nasdaq Composite and the S&P 500. The Federal Open Market Committee decided to maintain interest rates at between 5.25% and 5.5%. Analyst Daniel Ives expressed confidence in Palantir Technologies securing a significant portion of the global AI market. Tesla and non-union foreign automakers stand to gain from the ongoing UAW strike affecting General Motors, Ford Motor, and Stellantis NV. Anthony Scaramucci expressed a bullish stance on Bitcoin. Anheuser-Busch InBev faces increased competition as Molson Coors Beverage Company and other brands capitalize on advertising opportunities. Instacart experienced a 40% stock jump on its debut, but Josh Brown advises investors to sell early for profit. Gordon L. Johnson II issued a sell rating on Tesla, citing concerns over demand issues, decreasing average selling prices and potential margin declines.

Portfolio Pulse from Michael Cohen

September 23, 2023 | 2:17 pm