Streetbeat News

Products Services

AMC

AMC anticipates sustained growth in the box office due to a strong lineup of blockbuster movie titles set to release through 2025 and 2026.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:19 pm

BABA

MS

NVDA

Cryptocurrency markets are trading lower, with Bitcoin, Ethereum, and Dogecoin experiencing notable declines. Large transaction volumes have decreased, while daily active addresses have increased. Morgan Stanley is offering Bitcoin ETFs to select clients, and Alibaba and Nvidia stocks are being used as incentives for crypto trading by Hong Kong's Futu Securities.

Portfolio Pulse from Khyathi Dalal

August 02, 2024 | 8:17 pm

AAPL

AMD

AMZN

GOOG

META

MSFT

NOW

NVDA

Despite a major tech sell-off prompted by a disappointing July jobs report, Wedbush Securities analyst Dan Ives advises investors to remain confident in the tech sector's long-term bull run. Ives highlights the ongoing $1 trillion AI spending cycle and points to strong performances from companies like Apple, Microsoft, Amazon, Nvidia, ServiceNow, and AMD. He believes this is a temporary 'white knuckle moment' and not the end of the tech bull market.

Portfolio Pulse from Michael Juliano

August 02, 2024 | 8:09 pm

ALTM

Arcadium Lithium has acquired Li-Metal Corp's lithium metal business for $11 million. The acquisition includes intellectual property and a pilot production facility in Ontario, aiming to produce safer, lower-cost, and sustainable lithium metal.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:06 pm

BECN

Beacon has expanded its service for roofing contractors in Vancouver by acquiring SSR Roof Supply. The acquisition includes branches in Burnaby and Surrey. The size of the deal was not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:01 pm

SAVA

Cassava Sciences, Inc. (NASDAQ:SAVA) saw its stock price surge by 24.4% to $29.21, driven by rising short interest and an upcoming conference call. The company has a high short percent of float at 35.89%, and it would take traders 4.75 days to cover their short positions. Cassava plans to extend its open-label extension trials for simufilam by up to 36 months.

Portfolio Pulse from Vaishali Prayag

August 02, 2024 | 7:52 pm

MSFT

SONY

Riot Games has launched Valorant Console on Xbox Series X/S and PlayStation 5, expanding the game's reach beyond PC. The console version will not support cross-play with PC but will allow cross-play between PlayStation and Xbox. Xbox Game Pass members will receive additional perks, including access to all current and future Agents.

Portfolio Pulse from Franca Quarneti

August 02, 2024 | 7:31 pm

SBUX

Deep-pocketed investors are showing a bullish sentiment towards Starbucks (NASDAQ:SBUX) with significant options activity. The majority of the options are calls, indicating a positive outlook. Analysts have mixed ratings but generally positive price targets for the stock.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 7:17 pm

LLY

The FDA has announced the availability of Mounjaro injections in 2.5mg, 5mg, and 10mg doses, and Zepbound injections in 2.5mg, 5mg, and 12.5mg doses.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:46 pm

BTCUSD

ETHUSD

July was highlighted as one of the most eventful months in crypto history, with significant events such as Donald Trump's keynote speech at a Bitcoin conference, the launch of Spot Ethereum ETFs, and various government actions involving Bitcoin. These events have set the stage for a potentially bullish August and September for the crypto market.

Portfolio Pulse from Khyathi Dalal

August 02, 2024 | 6:36 pm