Streetbeat News

Products Services

AMZN

ANVS

LLY

PARA

TSLA

On Tuesday, the Dow Jones, S&P 500, and Nasdaq all closed higher. Tesla, Paramount Global, Annovis Bio, Eli Lilly, and Amazon were notable stocks. Tesla surged on strong deliveries, Paramount rose on takeover speculation, Annovis Bio soared on positive drug trial data, Eli Lilly fell due to political pressure on drug prices, and Amazon hit new highs on AI optimism.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 3:38 am

ETHUSD

Nate Geraci, president of The ETF Institute, suggests a potential mid-July launch for spot Ethereum ETFs, which could significantly impact the cryptocurrency market. The amended S-1s are due by July 8, with potential final S-1s by July 12, indicating a possible launch in the week of July 15. This could lead to substantial capital inflows and potentially increase Ethereum's value in U.S.-based spot ETFs.

Portfolio Pulse from Aniket Verma

July 03, 2024 | 2:44 am

TSLA

Gary Black, Managing Partner at Future Fund, echoed Elon Musk's warning to short sellers of Tesla Inc. (NASDAQ:TSLA), emphasizing the company's strong position in the electric vehicle market and its future potential. Black highlighted the upcoming $25,000 vehicle and Tesla's autonomous driving technology as key growth drivers. Tesla's stock has been performing well, with a recent price target increase from Wedbush analyst Dan Ives.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 2:18 am

AAPL

MSFT

Apple's former marketing chief, Phil Schiller, will join OpenAI's board as an observer, giving Apple equal status with Microsoft. This move follows Apple's decision to integrate ChatGPT into its devices and highlights the growing partnership between Apple and OpenAI.

Portfolio Pulse from Ananya Gairola

July 03, 2024 | 1:58 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin and Ethereum experienced slight declines while Dogecoin saw a modest rise amid thin liquidity in the crypto market. Federal Reserve Chair Jerome Powell's dovish comments did not significantly impact investor sentiment. Bitcoin's open interest increased, indicating new short positions, which is seen as bearish. The global cryptocurrency market cap contracted by 0.35% in the last 24 hours.

Portfolio Pulse from Aniket Verma

July 03, 2024 | 1:49 am

TSLA

Wedbush analyst Dan Ives has raised Tesla's price target to $300, citing a positive shift in demand and the potential of Tesla's AI story, which he believes could be worth over $1 trillion. Despite a year-on-year decline in Q2 deliveries, Tesla's performance has improved, leading to a significant stock rally.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 1:28 am

Ford CEO Jim Farley emphasized the need for the company to shift focus from large 'monster vehicles' to smaller, more profitable electric vehicles (EVs). Ford plans to launch a low-cost EV by 2027, aiming for profitability in the EV segment. The company reported significant losses in its EV segment in the first quarter.

Portfolio Pulse from Chris Katje

July 02, 2024 | 10:47 pm

HOOD

Cryptocurrency markets are trading lower despite positive indicators such as increased Bitcoin ETF flows, exchange netflows, and whale transactions. Bitcoin, Ethereum, and Dogecoin have all seen declines, while Solana has gained. Notable developments include Standard Chartered's prediction of Bitcoin reaching $100K by the US election and Robinhood's potential expansion into cryptocurrency futures markets.

Portfolio Pulse from Khyathi Dalal

July 02, 2024 | 9:26 pm

CARM

NVS

Carisma Therapeutics has terminated its Manufacturing and Supply Agreement with Novartis Pharmaceuticals for its product candidate CT-0508, effective July 31, 2024. The company will focus on its follow-on product candidate CT-0525 and will incur a $4 million termination fee.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:47 pm

AMD

TSLA

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares rose over 4% on Tuesday, driven by investor confidence in future rate cuts and the company's advancements in AI technology. The Nasdaq 100 Index also hit a new daily closing high, supported by gains from AMD and Tesla, Inc. (NASDAQ: TSLA).

Portfolio Pulse from Erica Kollmann

July 02, 2024 | 8:45 pm