Streetbeat News

Marketing

DIS

KISS has performed their final concert but will continue to 'tour' using digital avatars created by Industrial Light & Magic, a company owned by The Walt Disney Company (NYSE:DIS). These avatars were showcased at Madison Square Garden and could allow KISS to perform in multiple cities simultaneously. Industrial Light & Magic, known for its work on major film franchises, partnered with Pophouse Entertainment Group for this project, hinting at the future of live performances.

Portfolio Pulse from Chris Katje

December 05, 2023 | 7:28 pm

W

Traders are monitoring Wayfair shares after a note from Gordon Haskett indicated strong web traffic growth during the 'Cyber 5' period, suggesting potential upside to Wayfair's 4Q23 guidance and a path to sustainable growth.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:49 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) has seen its stock rise over 10% in the past month, with a recent boost following the delivery event for its new Cybertruck. The event included product demonstrations and was live-streamed on Elon Musk's platform. Wedbush analyst Daniel Ives maintained an Outperform rating and a $310 price target for Tesla. The stock is trending on Yahoo Finance and WallStreetBets and is trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

December 05, 2023 | 6:47 pm

AMC

CAG

COIN

MCD

Dogecoin (CRYPTO: DOGE), a cryptocurrency that began as a joke, celebrates its 10th anniversary. Created by Jackson Palmer and Billy Markus, Dogecoin was based on the Doge meme and has seen significant returns for early investors. It gained popularity with support from Elon Musk and was added to trading platforms like Coinbase Global (NASDAQ:COIN). Conagra Brands (NYSE:CAG) mentioned Dogecoin in relation to its Slim Jim brand, and AMC Entertainment Holdings (NYSE:AMC) announced it would accept Dogecoin as payment. The future of Dogecoin may involve more retailers accepting it as payment, with McDonald's (NYSE:MCD) being a potential target for Dogecoin investors.

Portfolio Pulse from Chris Katje

December 05, 2023 | 6:23 pm

LSCC

Lattice Semiconductor (NASDAQ:LSCC) announced the expansion of its product portfolio at the Lattice Developers Conference. The company introduced two new FPGA device families, Lattice Avant-G and Lattice Avant-X, and updated its application-specific solution stacks and software tools. The new FPGAs are designed for general purpose and advanced connectivity, targeting various markets including Communications, Computing, Industrial, and Automotive. Lattice also updated its solution stacks for AI, embedded vision, security, and factory automation, as well as its software tools Propel and Radiant, and Glance by Mirametrix computer vision software. These products are now sampling and supported by the latest software releases.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:38 pm

TTWO

Rockstar Games experienced a leak of their GTA 6 trailer, which was then officially released on YouTube in 4K quality, receiving 2.3 million likes in 30 minutes. Despite the leak, the gaming community's reaction has been overwhelmingly positive, with notable gamers and social media influencers sharing their excitement for the upcoming game.

Portfolio Pulse from Azhar Khan

December 05, 2023 | 4:48 pm

NKE

Goldman Sachs analyst Brooke Roach initiated coverage of Nike Inc (NYSE:NKE) with a Buy rating and a $139 price target. Despite heavy discounts during Black Friday and Cyber Monday, and challenges such as market share gains by competitors, wholesale channel pressures, and fading tailwinds, Roach believes these factors are already priced into Nike's stock. She sees opportunities for margin expansion and stronger revenue growth ahead, citing cleaner inventories, moderating product cost inflation, and improving inventory health.

Portfolio Pulse from Priya Nigam

December 05, 2023 | 4:41 pm

META

Instagram's Threads app, owned by Meta Platforms Inc (NASDAQ:META), is seeing a surge in downloads, surpassing X (formerly Twitter) since November 23. Threads' daily downloads increased from 350,000 to 620,000, with a total of 41 million new downloads since September, compared to X's 27 million. The growth is attributed to Meta's advertising efforts, with significant international market contributions, especially from India. Despite Threads' growth, X maintains a larger user base with over 500 million monthly active users. X is currently dealing with an advertiser exodus and controversial remarks by its owner, Elon Musk. META's stock price is down by 1.17% at $316.31.

Portfolio Pulse from Anusuya Lahiri

December 05, 2023 | 4:27 pm

LFLY

Leafly (NASDAQ:LFLY), a leader in cannabis discovery and education, announced 'Permanent Marker' as the 2023 Strain of the Year. This Indica-dominant hybrid has gained popularity with its high THC levels and sedative effects. The selection is based on Leafly's comprehensive analysis of consumer interest, market impact, and budtender recommendations. Past winners of the award have seen significant success, indicating the influence of this recognition in the cannabis industry.

Portfolio Pulse from Javier Hasse

December 05, 2023 | 4:16 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, TSLA, META, GOOGL, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible targets for bullish and bearish scenarios. It also advises traders to stay alert to market conditions and US data releases that could affect liquidity and trading decisions. The memo is part of the Market Clubhouse membership, which offers live market analysis, mentorship, and real-time trading insights from a professional trader known as RIPS.

Portfolio Pulse from RIPS

December 05, 2023 | 3:22 pm