Streetbeat News

Products Services

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is poised for a strong 2024, driven by strategic advantages such as political ad spending, generative AI integration, and YouTube's growth. Needham analysts rate Google as a 'Buy' and suggest that breaking up the company could drive 10%-15% upside for shareholders.

Portfolio Pulse from Surbhi Jain

July 05, 2024 | 2:59 pm

BONKUSD

Bonk (CRYPTO: BONK) has seen a 30% decline over the past 30 days. Traders are divided on its future, with some seeing potential for a rebound if it breaks resistance levels, while others highlight the launch of BonkRun, a mobile game, as a bullish catalyst. In the past 24 hours, Bonk is down 13% to $0.00002233.

Portfolio Pulse from Khyathi Dalal

July 05, 2024 | 2:58 pm

TTWO

A recent update in GTA Online has sparked excitement among fans due to a necklace resembling one from the GTA 6 trailer. This has led to various fan theories and speculation about the future of GTA Online and the upcoming GTA 6. Take-Two Interactive (NASDAQ:TTWO) is committed to a fall 2025 release for GTA 6.

Portfolio Pulse from Franca Quarneti

July 05, 2024 | 2:58 pm

BTCUSD

ETHUSD

SOLUSD

Capriole Fund founder Charles Edwards expressed skepticism about the practical uses of cryptocurrencies in 2024, highlighting Bitcoin hodling and meme coin gambling as the only active use cases. He criticized the current state of DeFi, NFTs, and other crypto applications, suggesting that Bitcoin, stablecoins, and futures arbitrage are the only high-value products.

Portfolio Pulse from Khyathi Dalal

July 05, 2024 | 2:58 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has seen a significant rise in its stock price, up 35% over the last month, following a second-quarter delivery beat. Analysts have mixed ratings, with some highlighting the potential of Tesla Energy amid an AI boom. Key points include strong energy storage figures and potential demand challenges.

Portfolio Pulse from Chris Katje

July 05, 2024 | 2:58 pm

ADBE

ORCL

Adobe Inc (NASDAQ:ADBE) and Oracle Corp (NYSE:ORCL) have been named top technology picks for July by Mizuho, with Cerity Partners’ Jim Lebenthal highlighting their potential to benefit from the AI boom. Adobe's recent strong earnings and guidance have driven its stock higher, while Oracle's AI demand and partnership with Google Cloud have positively impacted its shares.

Portfolio Pulse from Adam Eckert

July 05, 2024 | 2:58 pm

BA

ITA

PPA

SPR

Goldman Sachs analyst Noah Poponak has given a positive outlook for Boeing (NYSE:BA), expecting improved deliveries and production rates. Boeing is projected to achieve 43 deliveries in June, with a significant portion being newly produced 737 MAX aircraft. The company is focusing on product quality and plans to gradually increase output later in the year. Poponak has set a price target of $243 for Boeing, citing a 5.0% FCF yield on projected 2025 free cash flow per share. Boeing has also entered into an agreement to purchase Spirit AeroSystems Holdings (NYSE:SPR) at a 30% premium. Investors can gain exposure to Boeing through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 5:59 pm

IWM

RSP

SPY

Despite the market hype around generative AI, only 5% of US firms are using it in production. The SPDR S&P 500 ETF Trust (SPY) has surged over 15% in 2024, driven by a few large tech companies, while the Invesco S&P 500 Equal Weight ETF (RSP) and iShares Russell 2000 ETF (IWM) have seen modest gains.

Portfolio Pulse from Hayden Buckfire

July 03, 2024 | 5:47 pm

LI

Li Auto Inc. (NASDAQ:LI) saw a 6.53% rise in its stock price, driven by positive market sentiment and recent delivery figures. The company has introduced new car purchase incentives, including up to RMB17,000 in benefits and a zero down payment option. Li Auto is also expanding its charging infrastructure and has postponed the launch of three BEV models to next year.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 5:27 pm

COP

ConocoPhillips has announced its Q2 production forecast, expecting to produce between 1.91 and 1.95 million barrels of oil equivalent per day (MMBOE/d).

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:16 pm