Streetbeat News

Analyst Ratings

VVX

JMP Securities analyst Trevor Walsh has initiated coverage on V2X (NYSE:VVX) with a Market Outperform rating and set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:49 am

AXS

Keefe, Bruyette & Woods analyst Meyer Shields upgraded Axis Capital Holdings (NYSE:AXS) from Market Perform to Outperform and increased the price target from $59 to $66.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:41 am

RGTI

Needham analyst Quinn Bolton has reiterated a Buy rating on Rigetti Computing (NASDAQ:RGTI) and maintained a $3 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:34 am

ARKK

GOOGL

QQQ

Cathie Wood criticized index-based investing, using Alphabet Inc. as an example, highlighting the risk it faces from large-language models (LLMs) like GPT4 that could disrupt Google's search business. She argues that passive funds are shorting disruptive innovation and that the massive shift towards passive funds is a misallocation of capital. Despite these concerns, the Invesco QQQ Trust, a passive fund, has outperformed Ark's actively managed Ark Innovation ETF this year.

Portfolio Pulse from Shanthi Rexaline

November 13, 2023 | 7:42 am

BTC

ETH

SOL

Solana (SOL) has reached a new annual high of $58, with a 40% increase in the past week. Analyst Jacob Canfield predicts that Solana could surge to $1,000 and potentially increase its market dominance to 12-15%. Canfield's analysis points to the breakout of SOLBTC from its weekly resistance and the broader uptrend in the cryptocurrency market. Despite the FTX bankruptcy estate selling 250,000 to 750,000 SOL tokens daily, Solana's price continues to rise.

Portfolio Pulse from Mehab Qureshi

November 13, 2023 | 6:11 am

CLF

RIO

VALE

Goldman Sachs (NYSE:GS) forecasts an iron ore supply deficit by year-end due to reduced production and low inventories, particularly highlighting issues with Vale's (NYSE:VALE) output. China's increased fiscal spending could boost demand, but the property crisis remains a concern. Goldman raised its iron ore price forecast for 2023 and 2024. The deficit may impact companies like Rio Tinto (NYSE:RIO), Cleveland-Cliffs (NYSE:CLF), and Arcelor Mittal (NYSE:MT).

Portfolio Pulse from Nabaparna Bhattacharya

November 11, 2023 | 7:50 pm

ACN

CRM

LLY

NOW

NVO

TGT

WMT

Jim Cramer, a CNBC market analyst, highlighted the significance of the upcoming week with key CPI data and earnings reports from major retailers like Target, Home Depot, Walmart, and Macy's. He linked the stock market's recent positive trend to stable interest rates and suggested that positive business reports could boost stock values. Cramer also pointed to the American Heart Association event, which could influence pharmaceutical stocks like Novo Nordisk and Eli Lilly. Additionally, he mentioned the potential impact of Monday.Com Ltd.'s report on larger tech companies such as Salesforce, ServiceNow, and Accenture.

Portfolio Pulse from Nabaparna Bhattacharya

November 11, 2023 | 7:18 pm

BTCUSD

ETHUSD

Arthur Hayes, co-founder of BitMEX, predicts Ethereum (ETH) could surge by 4,669% to reach $100,000 and maintains his forecast for Bitcoin (BTC) to hit $1 million. He advocates for investing in cryptocurrencies, especially BTC and ETH, as a hedge against global currency devaluation. Hayes sees potential in layer-one blockchains like Solana but doubts they will surpass Ethereum in developer activity or DApp usage. At the time of writing, BTC and ETH are up by 7% and 12% over the last seven days, respectively.

Portfolio Pulse from Bibhu Pattnaik

November 11, 2023 | 3:44 pm

ABNB

COIN

DIS

PLUG

TSLA

The stock market saw gains with the S&P 500 up 1.3%, Dow Jones up 0.7%, and Nasdaq up 2.4% over the past week. Moody's revised the U.S. credit outlook to negative. Bullish views include Tesla's expected rally, Disney's profitability rebuild, and Dogecoin's potential surge to 20 cents. Bearish news includes Plug Power's liquidity concerns, Airbnb's tax evasion issues in Italy, and Coinbase's regulatory troubles in Kazakhstan.

Portfolio Pulse from Michael Cohen

November 11, 2023 | 2:04 pm

BLK

BTCUSD

Cryptocurrency analyst Michaël van de Poppe predicts a potential Bitcoin bull run, with a price target of $50,000 to $55,000, nearly 50% above the current level of $37,000. This outlook is based on the expected approval of BlackRock Inc.'s spot Bitcoin ETF and the Bitcoin halving event in 2024. Van de Poppe's analysis suggests that Bitcoin is entering the first year of a two-year bull cycle after a year-long bear market and accumulation phase.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 2:01 pm