Streetbeat News

Marketing

AMZN

CMCSA

DIS

NFLX

Amazon.com Inc (NASDAQ:AMZN) is set to introduce ads on its Prime Video platform, which could significantly boost its $38 billion advertising business. This move positions Amazon as a strong competitor in the streaming ad market, challenging traditional TV networks and digital platforms. Wall Street analysts estimate that this could generate over $5 billion in revenue for Amazon. The company's advertising rates are competitive, and it has received a positive response from agencies. Amazon's success in advertising is not guaranteed, as it competes with established players like Walt Disney Co (NYSE:DIS) and Comcast Corporation (NASDAQ:CMCSA), and Prime Video only accounts for 3.3% of U.S. TV-watching time.

Portfolio Pulse from Bibhu Pattnaik

January 27, 2024 | 8:21 pm

AKTUSD

DOGEUSD

RNDRUSD

SHIBUSD

TAOUSD

WLDUSD

Bittensor (CRYPTO: TAO), promoted by Grayscale and utilizing AI technology, has seen a 35.3% gain in the past week and a 254.2% year-on-year gain. In contrast, meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) fell by 7% and 21.3%, respectively. Grayscale tweeted about 'signs of adoption' for AI-related cryptocurrencies including TAO, Render (CRYPTO: RNDR), Akash Network (CRYPTO: AKT), and Worldcoin (CRYPTO: WLD). A 'full-time degen' and a PhD student highlighted the potential of AI in crypto, with the latter suggesting TAO could reach $100,000. Bittensor's network combats AI bias and has 32 specialized subnetworks. The four largest AI-adjacent crypto tokens rallied 522% in the last year, outperforming the Utilities and Services Crypto Sector.

Portfolio Pulse from Khyathi Dalal

January 27, 2024 | 3:41 pm

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

AAPL

AMD

AMZN

DOGEUSD

NVDA

TSLA

The past week saw a surge in U.S. stock markets with record highs for major indices, driven by AI investment excitement and anticipated Fed rate cuts. Nvidia (NVDA) and AMD are expected to overcome Q4 market challenges with AI technology. Amazon (AMZN) is seen as undervalued, with growth potential in AWS and retail. Dogecoin (DOGE) may rise to $0.10 on rumors of integration with Musk's X app, potentially affecting similar coins like FLOKI. Tesla (TSLA) faces analyst skepticism post-Q4 results. Apple's (AAPL) new product sees strong pre-orders but future demand is uncertain.

Portfolio Pulse from Michael Cohen

January 27, 2024 | 2:26 pm

DKNG

PARA

PARAA

The relationship between Taylor Swift and Kansas City Chiefs tight end Travis Kelce has been a highlight of the NFL season, potentially boosting viewership. Kelce's performance improves when Swift attends games, with the Chiefs holding an 8-3 record in such games. Kelce's stats are notably better in Swift-attended games, including his only two 100-yard games of the season. With the Chiefs set to play the Baltimore Ravens, betting odds at DraftKings favor Kelce for receptions, receiving yards, and touchdowns, with potential high payouts for bettors.

Portfolio Pulse from Chris Katje

January 26, 2024 | 9:42 pm

AADI

Aadi Bioscience announced that it will present posters at the 2024 American Society of Clinical Oncology Genitourinary Cancers Symposium, focusing on real-world genomic analysis of GU cancer patients with TSC1/2 inactivating alterations, highlighting an unmet medical need.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 9:08 pm

CHDN

DKNG

FOX

FOXA

MGM

The Detroit Lions are one game away from Super Bowl LVIII and face the San Francisco 49ers as a 7.5 point underdog. Sportsbooks like DraftKings, BetMGM, and TwinSpires, units of Churchill Downs, are seeing a high volume of bets on the Lions, which could result in losses for them if the Lions win. The public, especially in Michigan where online betting is legal, is heavily backing the Lions. The game will be aired on FOX.

Portfolio Pulse from Chris Katje

January 26, 2024 | 8:32 pm

ABNB

BTIG analyst reports that Airbnb is set to raise guest fees on cross-currency transactions beginning in April. This change could affect the booking costs for users who are paying in a different currency than the listing's price.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:27 pm

FSR

Fisker Inc. (NYSE:FSR) shares are rising due to CEO Henrik Fisker's attendance at the NADA show, where he will discuss the company's strategic shift to dealer partnerships. Fisker has over 100 dealers in North America and Europe interested in this new model. The company expects to sell all remaining 2023 vehicles by the end of Q1 and will provide a delivery update next month. FSR shares are up 5.62% to $0.7887.

Portfolio Pulse from Nabaparna Bhattacharya

January 26, 2024 | 5:42 pm

AAL

ALGT

ALK

DAL

JBLU

UAL

Delta Air Lines Inc (DAL) topped The Wall Street Journal's annual airline rankings for the third consecutive year, demonstrating strong operational efficiency and customer service. Alaska Air Group Inc (ALK) and Allegiant Travel Company (ALGT) followed in second and third place. However, JetBlue Airways Corporation (JBLU) ranked at the bottom due to congested airspace over New York City. The industry overall showed improved performance with the best on-time arrival rate since 2019, though challenges like baggage handling, tarmac delays, and passenger complaints persist. American Airlines Group Inc (AAL) and United Airlines Holdings Inc (UAL) have made significant improvements, but the progress in reducing flight cancellations and delays remains uneven across carriers.

Portfolio Pulse from Michael Cohen

January 26, 2024 | 5:23 pm