Streetbeat News

Analyst Ratings

DOYU

DouYu Intl Hldgs (NASDAQ:DOYU) reported Q2 earnings of $0.03 per share, beating the analyst consensus estimate of $0.02 by 50%. This is a 200% increase from the same period last year. The company also reported quarterly sales of $191.99 million, beating the analyst consensus estimate of $183.05 million by 4.89%. However, this is a 29.85% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:33 am

STR

Keybanc analyst Tim Rezvan has maintained an Overweight rating on Sitio Royalties (NYSE:STR) but lowered the price target from $36 to $33.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 8:23 am

PNNT

Raymond James analyst Robert Dodd maintains an Outperform rating on Pennant Park Investment (NYSE:PNNT) and raises the price target from $6.5 to $7.25.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 8:08 am

BMBL

Keybanc analyst Justin Patterson maintains an Overweight rating on Bumble (NASDAQ:BMBL) but lowers the price target from $25 to $24.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 8:07 am

BMWYY

LCID

Tesla investor Ross Gerber expressed admiration for BMW's latest electric vehicle, the i7, and suggested it could pose a significant challenge to Lucid Motors. BMW recently launched an updated lineup of security vehicles, including the i7 Protection, the first-ever all-electric armored sedan globally. The i7's electric drive system aligns with BMW's sustainability goals.

Portfolio Pulse from Benzinga Neuro

August 14, 2023 | 6:36 am

CLF

X

United States Steel Corp. (NYSE:X) has rejected a buyout offer from Cleveland-Cliffs Inc. (NYSE:CLF) but invited the latter to participate in a formal review process. Cleveland-Cliffs had offered to buy all outstanding shares of U.S. Steel for $35 per share, a 42% premium on the latter's trading price. However, U.S. Steel CEO David Burritt stated that the board could not agree to the proposal without conducting due diligence. KeyBanc Capital Markets analyst Philip Gibbs believes the deal is less likely to close without meaningful concessions.

Portfolio Pulse from Shanthi Rexaline

August 14, 2023 | 6:26 am

BTCUSD

GLD

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', has reiterated his support for gold, silver, and Bitcoin, and predicted the demise of the dollar. He referred to gold as 'God's Dollar' and 'stored financial energy'. Kiyosaki has previously warned that the dollar could lose favor due to the proposed launch of a common currency by the BRICS nations, tied to gold. However, a South African official clarified that a common BRICS currency would not be discussed at the upcoming meeting. Kiyosaki also warned of a potential crash following Fitch's downgrade of the U.S. sovereign rating. The SPDR Gold Shares (NYSE:GLD), an ETF providing access to the gold bullion market, ended Friday’s session at $177.60, up 4.7% this year.

Portfolio Pulse from Shanthi Rexaline

August 13, 2023 | 3:08 pm

BTCUSD

Cryptocurrency analyst Credible Crypto predicts a significant upward shift for Bitcoin (BTC), citing a period of record low volatility as a precursor to a historic expansion. Fellow analyst TechDev also noted that BTC's three-week chart is nearing compression levels that have previously signaled the start of bull markets since 2012. Another analyst, Tone Vays, remains bullish on BTC as long as the support level at $28,000 is not breached.

Portfolio Pulse from Bibhu Pattnaik

August 13, 2023 | 1:25 pm

DOGEUSD

PYPL

SHIBUSD

The cryptocurrency market saw significant activity this week, with predictions, launches, and transfers. Crypto analyst Kaleo predicts a potential breakout for Dogecoin (DOGE), with gains exceeding 200%. Analyst Ali Martinez noted a positive correlation between Dogecoin and Shiba Inu (SHIB). PayPal Holdings Inc. (PYPL) unveiled a new U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). Veteran trader Peter Brandt predicted that 99.8% of altcoins will meet a fate similar to the HEX coin. An unidentified wallet transferred 67.81 million Dogecoin to Coinbase.

Portfolio Pulse from Benzinga Neuro

August 13, 2023 | 12:08 pm

AMZN

BRK

MSFT

NVDA

This week in AI saw significant investments and strategic moves by major companies. Morgan Stanley highlighted AI as a pivotal investment trend for the next decade. Neuralink, backed by Elon Musk, secured $280 million in funding for its brain chip trials. A study from Lucidworks revealed a surge in generative AI spending, with companies like Microsoft leading the charge. Nvidia is indirectly challenging cloud giants like Microsoft and Amazon by supplying AI accelerators to CoreWeave. Warren Buffett has directed a significant portion of Berkshire Hathaway’s portfolio towards AI investments.

Portfolio Pulse from Benzinga Neuro

August 13, 2023 | 1:01 am