Streetbeat News

Products Services

META

Meta Platforms Inc. (NASDAQ:META) is nearing the completion of its new augmented reality prototype, 'full holographic' glasses, which has left early testers 'giddy.' The first version is expected to be unveiled at Meta’s annual Connect conference this fall. The company is focusing on developing a full consumer version rather than selling the prototype immediately.

Portfolio Pulse from Ananya Gairola

June 29, 2024 | 2:39 am

TSLA

Tesla has cleared a major hurdle by approving CEO Elon Musk's pay package. Wedbush analyst Dan Ives has an Outperform rating on Tesla with a $275 price target and a bull case of $350 per share by 2025. Key upcoming catalysts include second-quarter deliveries and the August 8 robotaxi day. Ives expects a mini rebound in Q2 deliveries and sees the robotaxi day as a significant event for Tesla's future growth.

Portfolio Pulse from Chris Katje

June 28, 2024 | 8:53 pm

CRM

CVNA

The article discusses a trading strategy that has yielded significant gains, focusing on a call spread on Carvana (CVNA) and a vertical spread on Salesforce (CRM). The Carvana trade is on track for a 200% gain, while the Salesforce trade is also performing well, with the potential for a similar gain. The article explains the rationale behind aiming for 200% gains and provides details on the specific trades.

Portfolio Pulse from David Pinsen

June 28, 2024 | 8:10 pm

SAI

SAI.TECH Global Corporation (NASDAQ:SAI) has signed a Memorandum of Understanding with Al-Farabi Kazakh National University to enhance technological education and AI computing power in Kazakhstan.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:08 pm

LCID

Lucid Group has reached an agreement with Gravity Inc. regarding the 'Lucid Gravity' trademark, allowing Lucid to use the name without a trademark dispute. This clears the way for Lucid to proceed with the launch of its Lucid Gravity all-electric SUV.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:08 pm

CMND

Clearmind Medicine has been granted patent approval in Hong Kong for its treatment of binge behaviors.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:07 pm

ZBAO

Zhibao Technology reported a 6-month EPS of $(0.03) and revenue of $11.9M, down 8% YoY. The decline was mainly due to reduced insurance brokerage service fees and MGU services. Despite the losses, the company is optimistic about future growth through organic means and strategic M&A opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:05 pm

CRWD

Financial giants have shown a bullish interest in CrowdStrike Holdings (NASDAQ:CRWD) through significant options activity. Analysis reveals 45 unusual trades with a mix of bullish and bearish sentiments. The stock is currently trading at $389.1, up 0.47%, with an average price target of $399.0 from analysts.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 8:02 pm

SAVA

Cassava Sciences (NASDAQ:SAVA) issued a statement regarding the indictment of former science advisor Dr. Hoau-Yan Wang for allegedly defrauding the NIH. The company clarified that Dr. Wang and his former university had no involvement in the Phase 3 clinical trials of their lead drug candidate, Simufilam, for Alzheimer's treatment.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:00 pm

CCL

FDX

NKE

NVDA

TSLA

WBA

Inflation has reached its lowest level since March 2021, leading to expectations of interest rate cuts by the Federal Reserve. FedEx and Carnival Corp. saw significant stock price increases due to strong earnings, while Walgreens Boots Alliance and Nike experienced sharp declines. Tesla is expected to launch new, lower-cost models soon.

Portfolio Pulse from Piero Cingari

June 28, 2024 | 8:00 pm