Streetbeat News

Products Services

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) has executed a 50-for-1 stock split, reducing its share price from around $3,300 to about $65-$70. Jim Cramer recommends holding the stock, while Michael Khouw discusses the impact on options trading. Reddit users are also strategizing on how to leverage the split.

Portfolio Pulse from Surbhi Jain

June 25, 2024 | 4:29 pm

RIVN

TSLA

Guggenheim initiated coverage on Rivian Automotive Inc (NASDAQ:RIVN) with a Buy rating and a price target of $18, citing potential market leadership and appealing to younger consumers. Analyst Ronald Jewsikow highlighted financial inflection points, reduced cash burn, and the upcoming R2 and R3 EV models as key growth drivers. Rivian's brand power is compared to Tesla Inc (NASDAQ:TSLA).

Portfolio Pulse from Adam Eckert

June 25, 2024 | 4:27 pm

GOOG

GOOGL

Motorola has launched the new 2024 Motorola Razr family, featuring the industry's largest and most intelligent external display for flip phones, AI-driven features, and a revamped design. The new models include the Motorola Razr 50 Ultra/Razr+ and Motorola Razr 50/Razr. Google's Gemini app and Google Photos are integrated into the external display.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:09 pm

NVDA

Economist Jeffrey Roach from LPL Financial dismisses fears of an AI bubble burst, emphasizing the productivity gains from AI and other disruptive technologies. Despite a recent semiconductor sell-off led by Nvidia Corp. (NASDAQ:NVDA), Roach believes the market is fundamentally different from the late-1990s tech bubble, with lower valuations and higher quality companies. He predicts a potential market pullback in the second half, offering buying opportunities, and maintains a positive long-term outlook for AI-driven productivity gains.

Portfolio Pulse from Piero Cingari

June 25, 2024 | 4:08 pm

SPY

The U.S. CDC has monitored 690 people for bird flu, with 51 tested for flu-like symptoms and 3 testing positive for H5N1. The Agriculture Department aims to eliminate bird flu from dairy cattle without using vaccines.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:07 pm

PINS

Pinterest has introduced a new feature allowing users to turn their boards into short videos for sharing on social media platforms like Instagram and TikTok. This move aims to cater to Gen Z's preference for video content and increase traffic back to Pinterest's app. The feature is expected to enhance user engagement and social sharing.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:04 pm

MSFT

Goldman Sachs analyst Kash Rangan reiterated a Buy rating for Microsoft (NASDAQ:MSFT) with a price target of $515, citing the company's strong AI investments and wide product range. Microsoft's AI investments are progressing faster than its Azure investments, showing promising signs for future revenue growth.

Portfolio Pulse from Hayden Buckfire

June 25, 2024 | 4:03 pm

BKNG

Financial giants have shown a bullish interest in Booking Holdings (NASDAQ:BKNG) through options trading. Analysis reveals 17 unusual trades with a mix of bullish and bearish sentiments. The stock is currently trading at $4007.73, up by 0.67%, but RSI suggests it may be overbought. The anticipated earnings release is in 37 days.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 4:03 pm

TSLA

Wrecked Tesla Cybertrucks are appearing in salvage auctions, with at least two listed by Insurance Auto Auctions Inc. One truck has collision damage, while the other is a flood vehicle, raising questions about the Cybertruck's durability and insurance assessments.

Portfolio Pulse from Benzinga EV Insights

June 25, 2024 | 4:00 pm

F

GM

LCID

TSLA

Lucid Group, Inc. (NASDAQ:LCID) has appointed Nick Twork, a veteran from Ford and General Motors, as Head of Global Communications. Twork will oversee various communication aspects and report directly to CEO Peter Rawlinson. This appointment comes as Lucid prepares for the production of its first SUV, Lucid Gravity, with a new automated line featuring 247 robots. The Gravity SUV, priced close to Tesla's Model X, is set to start pre-production this summer.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 4:00 pm