Streetbeat News

Products Services

FDIS

IDCC

TSLA

XLY

Tesla's lawsuit in the UK against InterDigital and Avanci over 5G patent licenses was dismissed. Tesla sought FRAND terms for 5G patents but will continue its claim to revoke three InterDigital patents. The outcome could impact future 5G technology in automotive applications.

Portfolio Pulse from Shivani Kumaresan

July 15, 2024 | 3:39 pm

NVDA

Goldman Sachs reaffirms its bullish stance on Nvidia Corp. (NASDAQ:NVDA), highlighting its dominance in the AI market and potential for further gains. Analyst Toshiya Hari emphasizes Nvidia's innovation and sustainability in the Gen AI spending cycle. Despite investor concerns about hyperscale AI capex, Nvidia's growth trajectory remains strong. Key risks include a decline in Gen AI infrastructure spending, weakening demand for gaming GPUs, and supply chain issues.

Portfolio Pulse from Piero Cingari

July 15, 2024 | 3:33 pm

GS

Goldman Sachs Group Inc (NYSE:GS) is launching a $2 billion private equity fund focused on Asia Pacific, targeting fast-growing economies like Japan, India, South Korea, and Australia. The fund aims for a first close by Q4 2024 and reflects a strategic shift towards external capital raising.

Portfolio Pulse from Shivani Kumaresan

July 15, 2024 | 3:31 pm

FSLR

RUN

Solar stocks, including First Solar (FSLR) and Sunrun (RUN), are trading lower following a failed assassination attempt on former President Donald Trump. Investors are concerned that a potential second Trump term could negatively impact the clean energy sector. Despite this, Susquehanna analyst Biju Perincheril maintained a Positive rating on Sunrun and raised the price target. Upcoming earnings reports for both companies are also in focus.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 3:30 pm

BTCUSD

ETHUSD

VANEX

Ethereum has rallied 5.5% to $3,360 amid a wider market rally and anticipation of imminent spot ETH ETF launches. Analysts predict significant inflows and potential new all-time highs for Ethereum if the ETFs are approved by the SEC this week.

Portfolio Pulse from Ivan Crnogatić

July 15, 2024 | 3:18 pm

DJT

PARA

PARAA

The 2024 Republican National Convention (RNC) is set to nominate Donald Trump as the party's presidential candidate. Security concerns have risen following an assassination attempt on Trump, but no changes to security plans are anticipated. The 'Daily Show' has canceled on-the-ground coverage due to these concerns. Trump Media & Technology (NASDAQ:DJT) shares are soaring in response to the assassination attempt.

Portfolio Pulse from Chris Katje

July 15, 2024 | 3:15 pm

BTCUSD

Bitcoin has surpassed $63,000, invalidating short-term bearish scenarios. Key events like Germany liquidating Bitcoin holdings and an assassination attempt on Donald Trump have fueled this rise. Experts predict a significant Bitcoin dominance rally in Q4 2024, with potential all-time highs in August. Institutional interest is growing, as evidenced by substantial inflows into digital asset investment products.

Portfolio Pulse from Khyathi Dalal

July 15, 2024 | 3:13 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TLT

TSLA

USO

The Arora Report has issued a major macro call to reduce the duration of fixed income in portfolios following an assassination attempt on Trump. This call is contrary to Wall Street's consensus of increasing portfolio duration. The report also highlights the potential impact of a Trump presidency on various sectors and stocks, including AI, mergers and acquisitions, and heavily indebted companies. Additionally, significant money flows are observed in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

July 15, 2024 | 3:10 pm

RAYS

SEDG

TAN

SolarEdge Technologies, Inc. (NASDAQ: SEDG) announced it will lay off 400 employees in 2024 due to market downturns and inventory challenges. The company is also seeing slower growth in Europe's solar industry but some growth in North America. Despite these challenges, SolarEdge is expanding its U.S. manufacturing, creating new jobs. SEDG shares are down 11.1%. Investors can also gain exposure via Invesco Solar ETF (NYSE: TAN) and Global X Solar ETF (NASDAQ: RAYS).

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 2:59 pm

TLRY

A new study by Tilray Brands, Inc. (NASDAQ:TLRY) reveals that a significant number of medical marijuana patients over 50 use cannabis to manage chronic pain and arthritis. The study highlights improvements in pain levels, sleep quality, and overall quality of life among participants.

Portfolio Pulse from Abbey Higginbotham

July 15, 2024 | 2:52 pm