Streetbeat News

Earnings

AAPL

DIS

Disney's 'Wish' underperformed at the Thanksgiving box office, earning $31.7 million over five days, while Apple's 'Napoleon' exceeded expectations with $32.5 million in the same period. Disney's recent releases have been disappointing, as acknowledged by CEO Bob Iger, and 'Wish' continues this trend. 'Napoleon's' success contributes to a positive outlook for Apple's film financing endeavors.

Portfolio Pulse from Benzinga Neuro

November 27, 2023 | 3:16 am

BLK

BTCUSD

DOGEUSD

ETHUSD

BlackRock Inc (NYSE:BLK) discussed a spot Bitcoin ETF with the SEC and Nasdaq, which could influence Bitcoin's price. Cryptocurrencies showed mixed performance, with Bitcoin at $37,482, Ethereum at $2,061, and Dogecoin at $0.078. Analysts predict Bitcoin could reach $40K, citing post-Thanksgiving retail figures and potential ETF approval as positive indicators. Stock futures dipped slightly, but Wall Street has seen gains over four weeks. Upcoming economic data will be watched for Fed rate hike effects.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 2:50 am

AAPL

XIACF

Global smartphone sales increased by 5% year-on-year in October, ending a 27-month decline, largely due to the release of Apple Inc.'s iPhone 15 and Huawei's Mate 60 Pro. Emerging markets contributed to the growth, while developed markets saw slower recovery. Samsung leads the market share, followed by Apple and Chinese brands Xiaomi, Oppo, and Vivo. The positive sales trend suggests a potential recovery in the smartphone market.

Portfolio Pulse from Nabaparna Bhattacharya

November 25, 2023 | 6:08 pm

AAPL

AMZN

NFLX

NVDA

Wall Street saw gains with the Dow Jones, S&P 500, and Nasdaq Composite all rising. The Federal Reserve's minutes indicated no rate hikes for December and potential rate cuts by 2024. S&P Global PMI showed stability in U.S. private sector activity. Bullish views were presented for Amazon (AMZN) and Nvidia (NVDA), with predictions of growth driven by AI. A crypto analyst predicted a significant rally for Dogecoin (DOGE). Bearish news included General Motors (GM) cutting Super Bowl ad spending, potential lawsuits against Netflix (NFLX) for on-set injuries, and a class action lawsuit against Apple (AAPL) for peer-to-peer payment fees.

Portfolio Pulse from Michael Cohen

November 25, 2023 | 3:05 pm

FSR

KARS

NIO

RIVN

TSLA

Electric vehicle stocks had mixed results with Tesla and Chinese EV companies ending positively. Tesla faced a strike in Sweden and is preparing for the Cybertruck launch. Rivian's CEO RJ Scaringe is taking on more product development roles. Fisker's stock rallied despite a disappointing quarterly report. Nio's executive refuted rumors of the company's collapse. GM's Cruise is planning a cautious robotaxi relaunch. The KraneShares Electric Vehicles ETF saw a slight weekly decline.

Portfolio Pulse from Shanthi Rexaline

November 25, 2023 | 2:34 pm

MGM

SBUX

UPS

MGM Detroit workers have rejected a tentative deal and are continuing their strike, demanding better working conditions and pay. MGM Resorts International offered an 18% immediate raise, but the deal was not accepted. Other Detroit casinos, MotorCity and Hollywood Casino at Greektown, have reached agreements with their unions for pay raises and improved healthcare benefits. The labor movement in Detroit is part of a broader trend, with companies like United Parcel Service and Starbucks Corp also facing union negotiations for better pay and conditions.

Portfolio Pulse from Aaron Bry

November 24, 2023 | 7:56 pm

BBY

FSLR

JWN

NVDA

TLT

U.S. stocks saw their fourth consecutive week of gains, with small-cap stocks outperforming and tech stocks underperforming as Treasury yields rose. The iShares 20+ Year Treasury Bond ETF (TLT) fell 1.1% due to the yield surge. Gold remained steady at $2,000/oz. Sector-wise, healthcare stocks led gains while communication services and technology lagged. Nordstrom (JWN) and Best Buy (BBY) saw stock increases due to Black Friday discounts, while NVIDIA (NVDA) and First Solar (FSLR) declined. Cryptocurrencies, including Bitcoin and Ethereum, rose.

Portfolio Pulse from Piero Cingari

November 24, 2023 | 6:52 pm

ITW

Illinois Tool Works Inc. (NYSE:ITW) stock has seen a recent increase, with a 0.48% spike in the current session and an 8.33% rise over the past month. The P/E ratio of ITW, at 23.37, is slightly higher than the Machinery industry average of 23.32, which could suggest that investors expect better future performance or that the stock is overvalued. Investors are advised to use the P/E ratio cautiously and consider it alongside other financial metrics and industry trends.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 6:30 pm

AAPL

Apple Inc. (AAPL) experienced a 4% decline in smartphone sales during China's Singles Day, while Huawei's sales surged by 66%. Despite this, Apple's stock price has risen 15% since October and is up 46% for 2023, indicating strong investor confidence. The stock is now nearing the all-time high resistance level of $198, close to the $200 milestone.

Portfolio Pulse from Zaheer Anwari

November 24, 2023 | 6:05 pm

JWN

Nordstrom shares (JWN) are trading higher as investors focus on the retail sector following recent earnings reports and in anticipation of holiday sales results.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 5:32 pm