Streetbeat News

Equity Actions

FXI

China's Premier Li Qiang has emphasized the importance of self-reliance for the country's tech industry, particularly in the development of integrated circuits, according to Reuters citing Chinese state media.

Portfolio Pulse from Charles Gross

October 09, 2023 | 10:44 am

NVDA

TSLA

Over the weekend, several significant events occurred in the tech, political, and financial sectors. Joe Rogan shared his thoughts on Tesla's Model X Plaid, to which Elon Musk responded. Jim Cramer expressed his intention to hold onto his NVIDIA stock despite misinformation about Microsoft's AI chip. Kevin McCarthy announced his resignation from Congress, and details about Donald Trump's financial maneuvers were revealed.

Portfolio Pulse from Benzinga Neuro

October 09, 2023 | 10:08 am

DIS

Shares of Walt Disney Co. (NASDAQ:DIS) rose in premarket trading following a report that activist investor Nelson Peltz has increased his stake in the company to over $2.5 billion, making him the largest shareholder. Peltz's Trian Fund Management is likely to request multiple seats on Disney's board. This comes despite challenges in Disney's linear TV and streaming businesses, and lower than expected park attendance.

Portfolio Pulse from Shanthi Rexaline

October 09, 2023 | 9:33 am

LII

Goldman Sachs analyst Joe Ritchie has upgraded Lennox Intl (NYSE:LII) from Sell to Buy and announced a price target of $455.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 9:18 am

MSFT

OpenAI CEO Sam Altman believes that future advancements in artificial intelligence could lead to neural devices that visualize thoughts and enable telepathic communication. He suggests that a combination of a neural interface with GPT-5 or 6 could display words in response to thoughts. OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), is not the only company exploring this technology, with Elon Musk's Neuralink also working on similar devices.

Portfolio Pulse from Rounak Jain

October 09, 2023 | 9:13 am

DIS

Activist investor Nelson Peltz is escalating his attempts to secure board seats at Walt Disney Co (NYSE:DIS) as the company's shares continue to decline. Peltz's firm, Trian Fund Management, has become one of Disney's most significant investors with a stake exceeding $2.5 billion. Despite an unsuccessful attempt to secure a board seat earlier this year, Peltz withdrew his nomination following Disney’s restructuring and cost-cutting plan which momentarily increased the stock value. Since then, Disney’s shares have dropped from over $113 to roughly $80.

Portfolio Pulse from Benzinga Neuro

October 09, 2023 | 7:17 am

COP

CVX

USO

XOM

The escalating Israel-Hamas conflict has led to a 5% spike in crude oil prices, potentially breaking its two-day losing streak. The geopolitical tensions in the Middle East have also caused US stock futures to fall. Energy stocks like Exxon Mobil Corp., ConocoPhillips, and Chevron Corp. could be impacted when trading resumes. The United States Oil Fund, LP ended Friday’s session up 0.23% at $74.16.

Portfolio Pulse from Shanthi Rexaline

October 09, 2023 | 6:56 am

MSFT

TSLA

Bill Gates, co-founder of Microsoft Corp, has praised the efforts of startup Electric Hydrogen, which recently received backing from Microsoft and other investors. Gates views clean hydrogen as integral to the clean energy economy, particularly for heavy-duty transport. This contrasts with Tesla CEO Elon Musk's view, who has criticized hydrogen as a form of energy storage for vehicles. Gates has previously held a short position on Tesla.

Portfolio Pulse from Anan Ashraf

October 09, 2023 | 6:35 am

AAPL

AMD

AMZN

MSFT

SBUX

Advanced Micro Devices, Inc. (AMD) has outperformed Amazon (AMZN), Apple (AAPL), Microsoft (MSFT), Ford (F), and Starbucks (SBUX) in terms of five-year return since October 2018. AMD's stock has returned 307.14%, while the others have returned between 38.89% and 219.63%. AMD designs microprocessors for the computer and consumer electronics industries, with the majority of its sales in the personal computer and data center markets.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 3:27 am

EIS

SPY

USO

The Wall Street Journal reported that Iran assisted in planning an attack on Israel over several weeks, according to senior members of Hamas and Hezbollah. This geopolitical tension could potentially impact the performance of certain ETFs.

Portfolio Pulse from Charles Gross

October 08, 2023 | 9:30 pm