Streetbeat News

Products Services

AMC

GOOG

META

TSLA

Benzinga reviewed the performance of popular stocks and economic indicators over the past week. The S&P 500 and Nasdaq experienced losses, while the Dow and Russell 2000 saw gains. Key economic data showed stronger-than-expected growth and lower inflation, raising hopes for interest rate cuts. The article highlighted bullish and bearish stock analyses, including AMC's debt restructuring, Tesla's innovation-driven growth, and concerns over Alphabet's AI investments.

Portfolio Pulse from Michael Cohen

July 27, 2024 | 3:59 pm

KARS

LCID

RIVN

TSLA

XIACY

This week saw significant developments in the EV sector, with Tesla's mixed earnings report leading to a stock drop, Rivian's CEO discussing the new R2 platform, GM scaling back its EV goals, Xiaomi ramping up EV production, and Lucid securing a battery material deal. The KraneShares Electric Vehicles and Future Mobility Index ETF also saw a decline.

Portfolio Pulse from Shanthi Rexaline

July 27, 2024 | 3:43 pm

BTCUSD

Anthony Scaramucci and Sen. Tim Scott discuss the potential impact of a second Trump presidency on Bitcoin prices ahead of the Bitcoin 2024 conference. Scaramucci believes Trump's pro-crypto stance has surprised Democrats and could positively influence Bitcoin prices. Analysts at Bernstein also suggest a Trump win could lead to favorable cryptocurrency regulations.

Portfolio Pulse from Rounak Jain

July 27, 2024 | 10:00 am

AAPL

Bernard Arnault revealed that Steve Jobs sought his advice on Apple's retail strategy, leading to the successful launch of Apple's first store in Tokyo. Despite skepticism from competitors like Michael Dell, the strategy proved effective.

Portfolio Pulse from Ananya Gairola

July 27, 2024 | 7:33 am

BTCUSD

Robert F. Kennedy Jr. questions Donald Trump's pro-cryptocurrency stance as both vie for crypto-holder support in the 2024 presidential race. Kennedy expressed skepticism at the Bitcoin 2024 conference, while Trump is set to speak on Saturday. Kennedy pledged to make Bitcoin tax-free and build a reserve if elected.

Portfolio Pulse from Navdeep Yadav

July 27, 2024 | 6:36 am

GOOG

GOOGL

Deepwater Asset Management's Gene Munster and Doug Clinton have downplayed concerns that OpenAI's SearchGPT could significantly threaten Alphabet Inc.'s Google Search. Despite a minor dip in Google's stock following the announcement of SearchGPT, the analysts believe that the new AI-powered search engine does not pose a substantial threat to Google's dominance.

Portfolio Pulse from Ananya Gairola

July 27, 2024 | 4:00 am

ARKB

Cryptocurrency markets are trading higher as the Bitcoin Conference awaits Donald Trump’s keynote speech. Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies have seen significant gains. Notable statistics include an increase in large transactions and daily active addresses. The Michigan state pension fund disclosed holdings in the ARK 21Shares Bitcoin ETF. Other developments include Franklin Templeton's partnership with SBI Holdings to launch a digital asset management company in Japan and concerns raised by Senator Warren over foreign-owned crypto mining operations in the US.

Portfolio Pulse from Khyathi Dalal

July 26, 2024 | 8:29 pm

PBI

Logistics startup Stord has acquired a portion of Pitney Bowes' e-commerce business. This move is expected to enhance Stord's logistics capabilities and market reach.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:24 pm

CGTX

Cognition Therapeutics shares are trading higher following the announcement of an upcoming investor presentation to discuss results from its phase 2 SHINE study of CT1812 on July 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:21 pm

CGTX

Cognition Therapeutics, Inc. (NASDAQ:CGTX) will host an investor webcast on July 29, 2024, to discuss results from the Phase 2 SHINE study of CT1812 in mild-to-moderate Alzheimer's disease. The webcast will cover clinical efficacy, safety, and biomarker findings. Results will also be presented at the Alzheimer's Association's International Conference.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:13 pm