Streetbeat News

Analyst Ratings

PINS

Keybanc analyst Justin Patterson has maintained an Overweight rating on Pinterest (PINS) and increased the price target from $37 to $48.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:06 am

CDNS

Keybanc analyst Jason Celino has maintained an Overweight rating on Cadence Design Systems (CDNS) and increased the price target from $290 to $325.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:03 am

SKX

Raymond James analyst Rick Patel maintains an Outperform rating on Skechers USA (SKX) but lowers the price target from $68 to $66.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:00 am

AAPL

Wedbush analyst Daniel Ives hailed Apple Inc.'s Vision Pro as a 'potential game changer,' noting strong customer interest and early success. Despite a high price point of $3,500, the product has seen a very strong reception, leading Wedbush to maintain a bullish outlook on Apple, with a $250 price target. Ives anticipates the Vision Pro will mark Apple's initial foray into AI, with future models evolving into more accessible form factors and pricing, and a separate AI App Store announcement expected at WWDC this summer.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 7:20 am

ICLN

TSLA

Short-seller Jim Chanos criticized Tesla CEO Elon Musk's proposal for a carbon tax as a measure against climate change, labeling Musk as 'Subsidy King' and 'new darling of the Right'. Musk advocates for a carbon tax to combat climate change, citing a $5.3 trillion annual carbon subsidy per the IMF. Chanos, known for his bets against Tesla and Enron, recently closed his hedge fund. The debate highlights differing views on addressing climate change and the role of electric vehicles and renewable energy.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 6:24 am

CAT

Caterpillar Inc. (NYSE:CAT) is anticipated to report higher Q4 earnings on Feb. 5, 2024, with expected earnings of $4.75 per share and revenue of $17.11 billion, up from the previous year. The company has also signed an agreement with CRH for zero-exhaust emissions solutions deployment. Shares rose 2.4% recently. Analysts from Stifel, Tigress Financial, Goldman Sachs, JP Morgan, and TD Cowen have provided various ratings and price target adjustments.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 5:51 am

BTCUSD

DOGEUSD

ETHUSD

Despite President Nayib Bukele's electoral victory in El Salvador, major cryptocurrencies Bitcoin, Ethereum, and Dogecoin traded in the red. The global cryptocurrency market cap declined by 1.1% to $1.63 trillion. Analysts predict an impending spike in Dogecoin's price volatility and a potential rise in Ethereum's price to $3,000+ in Q2. The cryptocurrency market saw a slight increase in market caps by 0.5% over the past week, despite a 20.3% drop in trading volumes.

Portfolio Pulse from Shivdeep Dhaliwal

February 05, 2024 | 4:50 am

AAPL

Apple Inc. released its first-generation mixed reality headset, Vision Pro, on Feb. 2. Mark Gurman, a Bloomberg columnist, in his early review, compared the headset's functionality to that of an iPad, suggesting that a future version of Vision Pro could potentially replace the iPad. Gurman highlighted the headset's potential as a tool for watching movies, videoconferencing, and lightweight computing. Despite its high price, the Vision Pro has seen significant interest, with sales of 160,000 to 180,000 units during the first pre-order weekend. Tech YouTuber Marques Brownlee also reviewed the device, noting its immersive capabilities and ecosystem integration but pointed out downsides such as weight, comfort, limited app selection, short battery life, and high price.

Portfolio Pulse from Ananya Gairola

February 05, 2024 | 2:10 am

BTCUSD

USDTUSD

Cryptocurrency analyst Justin Bennett warns of a potential downturn in Bitcoin's value, citing the Tether dominance chart as a key indicator. Bennett suggests that Bitcoin has not reached its market bottom yet, potentially retesting mid $44,000 levels. He also draws parallels between current SPX trends and Bitcoin's 2021 peak behavior, hinting at future movements.

Portfolio Pulse from Bibhu Pattnaik

February 04, 2024 | 3:00 pm

BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am