Streetbeat News

Marketing

GRAM

STHZF

California's cannabis market, six years post-legalization, faces challenges like oversupply and illicit trade, impacting financial expectations despite generating $5.7 billion in taxes. StateHouse Holdings (OTC:STHZF) and Gold Flora (OTC:GRAM) are highlighted as key players, with Zuanic & Associates providing analysis. StateHouse faces revenue drops and debt concerns, while Gold Flora thrives amid market consolidation with strong financials and strategic expansion. The market sees price pressures and a trend towards consolidation, with a few brands dominating. The upcoming Benzinga Cannabis Conference in Los Angeles aims to connect industry leaders and investors.

Portfolio Pulse from Nicolás Jose Rodriguez

February 06, 2024 | 4:26 am

MCD

McDonald's Corp (NYSE:MCD) plans to open 1,000 new outlets in China this year as part of its strategy to expand in lower-tier cities and aims for 10,000 restaurants in mainland China by 2028. This expansion is in response to market saturation in major cities and economic challenges in China. Despite international challenges, McDonald's reported a 4.3% rise in U.S. same-store sales and 3.4% worldwide in Q4. However, McDonald's shares fell 3.73% following the announcement.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 4:11 am

CMCSA

The documentary 'Stormy,' focusing on Stormy Daniels and her alleged affair with Donald Trump, is set to release on March 18 on Peacock, owned by Comcast Corporation (NASDAQ:CMCSA). The release coincides with Trump's trial over hush money payments to Daniels, potentially impacting public perception during the 2024 presidential campaign. The documentary is directed by Sarah Gibson, with Judd Apatow as an executive producer.

Portfolio Pulse from Chris Katje

February 05, 2024 | 11:37 pm

DIS

Walt Disney Co (NYSE:DIS) is set to report Q1 financial results on Feb. 7, 2024, with expected revenue of $23.685 billion and EPS of 99 cents. Analysts highlight Disney's cost-cutting and strong cash flow growth guidance, particularly from the Experiences and DTC segments. Disney+ subscriber growth and battles with Elon Musk and Florida Gov. Ron DeSantis are key issues. Disney faces challenges from activist investor Nelson Peltz. DIS shares are down 0.49% to $96.65, with a 7% increase YTD in 2024.

Portfolio Pulse from Chris Katje

February 05, 2024 | 10:36 pm

MSFT

Call of Duty is transitioning to an open-world format starting with its 2024 release, Black Ops Gulf War. Developed by Microsoft's Raven Software, the game will feature a campaign with open-world elements similar to Far Cry, including vehicle navigation and a fast travel system. The game aims for an October or November 2024 release, with future titles also rumored to adopt an open-world approach. The next installment, codenamed Saturn, is expected in October 2025 and may feature a map divided into various biomes.

Portfolio Pulse from Franca Quarneti

February 05, 2024 | 10:24 pm

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Dogecoin (DOGE) has outperformed its memecoin rivals like Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI) in terms of holder profitability, monthly losses, and trading volume. Elon Musk's recent activity on Twitter has fueled speculation about Dogecoin's future, particularly regarding its potential use in the X Payments feature. Crypto analyst Ali Martinez predicts increased price volatility for Dogecoin based on Bollinger Bands analysis.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 10:18 pm

BTCUSD

Chris Burniske, former ARK Invest Crypto Lead, shared five critical tips for cryptocurrency investors on X, emphasizing the importance of personal responsibility, developing one's own investing practice, staying open-minded, having a clear strategy, and understanding sources thoroughly. He highlighted the risks of blindly following others and the necessity of a well-defined investment approach to avoid potential losses.

Portfolio Pulse from Ivan Crnogatić

February 05, 2024 | 8:27 pm

AMZN

Amazon.com Inc has introduced a new advertising model for Amazon Prime Video in the UK, in partnership with Reach, sparking controversy among subscribers due to the introduction of ads. Despite this, Amazon's stock has seen significant growth, with a 77% increase in 2023 and an 11% rise in 2024 so far. The company's recent earnings release on February 1st exceeded expectations, leading to a 6% surge in stock value the following day.

Portfolio Pulse from Zaheer Anwari

February 05, 2024 | 7:55 pm

AMZN

Amazon.com Inc has launched a new AI assistant named Rufus, designed to help shoppers with product-related queries. Rufus, which uses a proprietary algorithm, has sparked debate over its potential to guide users to sponsored products, raising concerns given Amazon's history and ongoing antitrust lawsuit regarding a 'pay-to-play' system in product recommendations. While initially, Rufus is not influenced by advertising, analysts speculate it might eventually incorporate sponsored results to boost advertising revenue. Amazon's efforts in generative AI, including AWS's advancements, highlight the company's focus on enhancing customer experiences through technology.

Portfolio Pulse from Anusuya Lahiri

February 05, 2024 | 6:45 pm

MCD

SBUX

McDonald's Corporation (NYSE:MCD) reported a rare sales miss attributed to the Israel-Hamas war, affecting its business in the Middle East, China, and India. Despite this, the company saw overall growth in sales and earnings. Starbucks Corporation (NASDAQ:SBUX) also experienced a similar impact. Both companies issued statements to address misconceptions and boycotts. McDonald's Q4 revenue rose 8% to $6.41 billion, missing expectations, with same-store sales growth also falling short. However, net income was $2.04 billion. The company plans to continue its expansion, despite expecting the negative impact from the war to persist.

Portfolio Pulse from Upwallstreet

February 05, 2024 | 6:42 pm