Streetbeat News

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ANET

DIS

NVDA

PANW

TSLA

The article discusses the end of a five-week winning streak for major indexes due to unexpectedly high inflation data, influencing market expectations for Federal Reserve rate cuts. It highlights bullish and bearish perspectives on stocks like Tesla, Nvidia, Disney, and AI-related companies Palo Alto Networks and Arista Networks, as well as a prediction for Dogecoin. Concerns over inflation, market peaks, and corporate governance issues at Disney are also mentioned.

Portfolio Pulse from Michael Cohen

February 17, 2024 | 2:22 pm

IREN

Iris Energy (NASDAQ:IREN) reported a significant improvement in its Q2 earnings, with a loss of $(0.07) per share compared to a loss of $(0.73) per share YoY. Sales surged to $42.57M from $13.76M YoY, marking a 209.52% increase.

Portfolio Pulse from Happy Mohamed

February 17, 2024 | 2:34 am

BTCUSD

META

NVDA

TSLA

Bitcoin surpassed $50,000, reaching a $1-trillion market valuation after SEC approval for a Bitcoin ETF. Nvidia outpaced Amazon and Alphabet, becoming the third-largest U.S. company. Inflation reports led to reassessment of Fed rate cuts, affecting tech stocks. AI investment is predicted to reach $1 trillion in 10 years, with Nvidia at the forefront. Tesla's stock may rise due to stable pricing and Full Self-Driving adoption. The top seven U.S. tech giants' stocks surged 140%, raising bubble concerns. Wealth migration to tax-favorable states is noted, and Zuckerberg praised Meta's Quest 3 over Apple's Vision Pro.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 9:29 pm

QQQ

SPY

XLK

The S&P 500 and Nasdaq 100 ended their five-week winning streak due to higher-than-expected inflation reports, raising concerns about delayed Federal Reserve interest rate cuts. The Consumer Price Index and core inflation rates exceeded forecasts, while the Producer Price Index saw a monthly increase, leading to a rise in Treasury yields and negatively impacting markets, especially tech stocks.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 9:20 pm

SCX

L.S. Starrett Company reported a Q2 2024 EPS of $(0.05), a decrease from $0.42 YoY. Revenue also fell to $62.076M from $66.775M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 9:20 pm

BWMN

Bowman Consulting Group announced preliminary FY23 net service billing of approximately $303M, with an adjusted EBITDA between $44.5M and $46.0M.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 9:08 pm

ROKU

SPY

S&P futures fell after a larger-than-expected increase in producer prices was reported, indicating potential inflationary pressures. Roku's shares also declined following its earnings report. Additionally, Treasury yields saw an increase, suggesting a shift in investor sentiment towards safer assets.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

WDAY

Smart money investors have shown a predominantly bearish stance on Workday (NASDAQ:WDAY), with 75% of detected options trades being bearish. The trades range between bullish and bearish sentiments, with a notable volume in calls and puts indicating a price target range from $200.0 to $410.0. Workday, a cloud software company, has seen its stock price increase by 0.5% to $306.63, with an upcoming earnings report in 10 days. Industry analysts have set an average target price of $326.5 for WDAY, with specific targets from BMO Capital and JMP Securities at $338 and $315, respectively.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 8:54 pm

ABR

Arbor Realty Trust's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

CHNR

CPS

HTOO

PRAA

THS

TTD

U.S. stocks traded lower with the Nasdaq Composite down 0.5%. Materials shares rose by 0.8%, while communication services fell by 1.4%. TreeHouse Foods (THS) shares fell 16% due to poor Q4 revenue and a disappointing FY24 outlook. The Trade Desk (TTD), PRA Group (PRAA), and Fusion Fuel Green (HTOO) saw significant gains. China Natural Resources (CHNR), Bloom Energy (BE), and Cooper-Standard Holdings (CPS) experienced sharp declines. Oil and gold prices rose, with oil up 1.4% and gold up 0.4%.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 8:54 pm