Streetbeat News

Equity Actions

TSLA

Stockholm, the capital of Sweden, has announced a ban on internal combustion engine (ICE) vehicles from its commercial and financial district, effective from 2025. This move could benefit companies like Tesla Inc (NASDAQ:TSLA), as it could lead to an increase in the sale of electric vehicles. The market share of electric vehicles is currently at 15% globally and 22% in Europe.

Portfolio Pulse from Chris Katje

October 12, 2023 | 11:16 pm

CMCSA

FOX

WBD

A recent study reveals that media coverage of political candidates varies by network. Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA) provided more coverage to President Joe Biden and his son, Hunter Biden, than Warner Bros. Discovery (NASDAQ:WBD)-owned CNN and Comcast Corporation (NASDAQ:CMCSA)-owned MSNBC. However, Donald Trump received more coverage from MSNBC and CNN than Fox. The 2024 election cycle is predicted to hit a new record of $10.2 billion in advertising, a 13% increase from the 2020 election.

Portfolio Pulse from Chris Katje

October 12, 2023 | 10:40 pm

TIGO

Millicom and EPM have agreed to jointly capitalize UNE EPM Telecomunicaciones S.A. Each partner will contribute approximately $71 million for a total capital contribution of approximately $142 million to Tigo-UNE. Both partners retain their current shareholding in Tigo-UNE.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:03 pm

AAPL

AMZN

CVX

META

SHEL

XOM

The Israel-Hamas conflict could impact global oil prices, depending on Iran's involvement. Iran, a backer of Hamas, controls the Strait of Hormuz, through which 20-30% of global oil inventory passes. Increased sanctions on Iran could raise oil prices, affecting US inflation. Rising oil prices could benefit US-based oil extraction companies like Exxon Mobil, Chevron, and Shell, and ETFs like the United States Oil Fund LP, the iShares U.S. Oil & Gas Exploration & Production ETF, and the ProShares Ultra Bloomberg Crude Oil. However, a spike in inflation could negatively impact tech companies like Apple, Amazon, and Meta, and consumer discretionary companies like Tesla, General Motors, Ford, and Volkswagen.

Portfolio Pulse from Natan Ponieman

October 12, 2023 | 9:46 pm

SPY

TSLA

The article discusses the impact of Elon Musk's appearances on the Joe Rogan podcast on Tesla's stock price. It states that a $1,000 investment in Tesla shares at their intraday high on Sept. 7, 2018, when Musk first appeared on the podcast, would be worth $14,763.75 today. This represents a hypothetical return of 1,376.4% over the last five years. In comparison, the same $1,000 invested in the SPDR S&P 500 ETF Trust would be worth $1,510.01 today, representing a return of 51.0%.

Portfolio Pulse from Chris Katje

October 12, 2023 | 9:40 pm

EBET

EBET's common stock will begin trading on the OTC Pink Sheets from October 13, and will cease trading on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 9:06 pm

ARKK

NVDA

TARK

TSLA

Cathie Wood, head of ARK Invest, is known for her forward-thinking investing approach, focusing on disruptive technologies. She bought stock in Tesla and NVIDIA in 2016. ARK Invest offers 8 US-listed ETFs, including ARK Innovation ETF, ARK Genomic Revolution ETF, ARK Next Generation Internet ETF, ARK Autonomous Technology & Robotics ETF, ARK Fintech Innovation ETF, ARK Space Exploration & Innovation ETF, 3D Printing ETF, and ARK Israel Innovative Technology ETF. The firm's funds have consistently outperformed the market, but are more prone to downswings. The AXS 2X Innovation ETF aims to return twice the daily return of ARKK.

Portfolio Pulse from Johnny Rice

October 12, 2023 | 8:47 pm

FTNT

A significant bearish stance has been observed in Fortinet's (NASDAQ:FTNT) options activity, with 81% of investors opening trades with bearish expectations. Whales have been targeting a price range from $55.0 to $65.0 for Fortinet over the last 3 months. The price of FTNT is down -1.64% at $58.0. Several experts have downgraded their actions on Fortinet, with price targets ranging from $68 to $90.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 8:46 pm

PSQH

PSQ Holdings, Inc. (NYSE:PSQH) announced that the SEC has declared the company's resale registration statement on Form S-1 effective. The Form S-1 does not register any new or additional securities, but shares issuable upon exercise of existing warrants. The shares and warrants registered for resale were issued in connection with the company's business combination with Colombier Acquisition Corp.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:44 pm

QFTA

Quantum FinTech Acquisition Corporation has announced the effectiveness of its registration statement and a special meeting in connection with its proposed business combination with AtlasClear. The board of directors recommends stockholders to vote 'FOR' all proposals in the special meeting scheduled for November 3, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:42 pm