Streetbeat News

Legal

LYV

Nicki Minaj was briefly arrested at Amsterdam Schiphol Airport for carrying cannabis, leading to the postponement of her Manchester concert. She apologized to fans and is set to perform in Birmingham next.

Portfolio Pulse from Maureen Meehan

May 26, 2024 | 2:50 pm

AAPL

Apple Inc. (NASDAQ:AAPL) made headlines this week with price cuts in China, a legal battle with the DOJ, an upcoming advanced AirTag, and an endorsement from Elon Musk. These developments could impact Apple's market position and stock price.

Portfolio Pulse from Benzinga Neuro

May 26, 2024 | 12:30 pm

BA

GME

LYV

NVDA

QQQ

Benzinga reviewed the performance of popular stocks and cryptocurrencies over the past week. Tech stocks in the Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), reached new highs. Nvidia (NASDAQ:NVDA) soared past $1,000 per share after strong Q1 results. GameStop (NYSE:GME) faced potential volatility due to influencer activity. Live Nation (NYSE:LYV) was hit by an antitrust lawsuit, and Boeing (NYSE:BA) forecasted negative cash flow for 2024.

Portfolio Pulse from Michael Cohen

May 25, 2024 | 1:24 pm

META

Elon Musk has criticized Meta Platforms Inc.'s WhatsApp for its data security practices, claiming that the app exports user data every night. This follows previous criticisms and a $37 million fine for Meta over data-sharing practices.

Portfolio Pulse from Rounak Jain

May 25, 2024 | 7:56 am

LYV

QQQ

QQQM

The NASDAQ 100 is approaching a record close. Analysts believe the DOJ's case against Live Nation is weak. NASA confirms Boeing's Starliner launch delay due to a helium leak. Markets will be closed on Monday for Memorial Day.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 7:50 pm

LYV

Live Nation shares are trading higher following defensive comments from analysts at Roth Capital Partners and Guggenheim amid a DOJ lawsuit.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 7:02 pm

GSK

PFE

SNY

A Chicago jury found no link between Zantac and colon cancer in the first of many similar lawsuits. GSK and Boehringer Ingelheim prevailed in the case, while Sanofi and Pfizer have settled thousands of related lawsuits.

Portfolio Pulse from Vandana Singh

May 24, 2024 | 5:45 pm

LYV

The Department of Justice (DOJ) has filed an antitrust lawsuit against Live Nation Entertainment (NYSE: LYV), causing a drop in its shares. Analysts from Guggenheim and Roth believe the case is weak and unlikely to succeed. They argue that breaking up Live Nation and Ticketmaster will not lower ticket prices, as these are set by artists and market forces. Both analysts maintain a Buy rating on LYV with price targets of $128 and $120, respectively.

Portfolio Pulse from Chris Katje

May 24, 2024 | 5:14 pm

AAPL

AES

MRVL

SNX

Hedge funds adjusted their portfolios in Q1 2024, focusing on AI-related infrastructure stocks and cyclical sectors. Positions in several 'Magnificent Seven' tech stocks were trimmed, except for Apple. Marvell Technology, TD Synnex, and AES Corporation saw increased hedge fund interest.

Portfolio Pulse from Piero Cingari

May 24, 2024 | 4:20 pm

COF

WMT

Walmart Inc. (NYSE:WMT) and Capital One Financial Corporation (NYSE:COF) have ended their exclusive agreement for the Walmart Consumer Credit Cards. Despite the termination, current cardholders will not see immediate changes. Both companies' shares are trading higher following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 3:58 pm