Streetbeat News

Products Services

SOFI

SoFi Technologies Inc. shares are trading higher due to strong September unemployment figures and the resolution of a dockworkers' strike, which alleviates supply chain concerns. This positive economic outlook benefits SoFi's financial services offerings.

Portfolio Pulse from Vaishali Prayag

October 04, 2024 | 6:46 pm

SHIBUSD

Shiba Inu (SHIB) has surged 10% to $0.0000175, outperforming Dogecoin, due to positive macro data. The meme coin has gained over 30% in the past 30 days. Renewed burn transactions and predictions of a 351% spike are fueling optimism. However, large transaction volumes have decreased.

Portfolio Pulse from Khyathi Dalal

October 04, 2024 | 6:37 pm

DIS

PARA

PARAA

Paramount Global (NASDAQ:PARA) could benefit from acquiring additional NFL content through its merger with Skydance Media. Talks with the NFL include potential acquisitions of NFL Media and Skydance Sports. ESPN's discussions with the NFL have stalled, potentially favoring Paramount.

Portfolio Pulse from Chris Katje

October 04, 2024 | 6:25 pm

HIMS

LLY

NVO

Hims & Hers Health expects continued demand for its compounded weight loss products despite resolved supply shortages of Eli Lilly's tirzepatide. The FDA has reminded compounders of legal restrictions, and Novo Nordisk's semaglutide remains in shortage. Hims & Hers Health's Q3 2024 revenue is projected to exceed guidance, with a Hold rating and $23 price target from Truist.

Portfolio Pulse from Vandana Singh

October 04, 2024 | 6:21 pm

YUM

Yum Brands Inc. (NYSE:YUM) has achieved a Golden Cross, a bullish technical indicator, suggesting potential upward momentum. The stock is up 5.40% year-to-date and 10.09% over the past year. However, mixed signals from short-term moving averages and RSI indicate uncertainty. Meanwhile, Pizza Hut's 40th anniversary of the BOOK IT! program enhances brand visibility.

Portfolio Pulse from Surbhi Jain

October 04, 2024 | 5:58 pm

LEVI

Levi Strauss & Co (NYSE:LEVI) is positioned for growth with a focus on women's denim and cost-saving initiatives. Analyst Dana Telsey maintains an Outperform rating with a $26 price target. Despite mixed Q3 results, strong DTC trends and Project Fuel's cost savings are positive indicators.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2024 | 5:52 pm

AMZN

META

Meta Platforms Inc. (NASDAQ:META) has reached a new 52-week high, driven by strong technical indicators and a focus on AI innovations. CEO Mark Zuckerberg has surpassed Jeff Bezos in wealth, highlighting Meta's success. The stock's bullish trend is supported by moving averages and MACD, though RSI suggests it may be overbought.

Portfolio Pulse from Surbhi Jain

October 04, 2024 | 5:16 pm

MVPA

OCTA

TTE

TotalEnergies SE shares are rising after winning a tender for LNG supply in Greece and securing a mid-term LNG deal with Santos. The company anticipates 3% annual growth in Oil & Gas production through 2030, driven by LNG projects.

Portfolio Pulse from Lekha Gupta

October 04, 2024 | 4:49 pm

JNJ

TAK

Johnson & Johnson (JNJ) has discontinued its Phase 2 study of the dengue antiviral mosnodenvir as part of a strategic R&D reprioritization. The decision was not due to safety concerns. Meanwhile, Takeda's dengue vaccine has received WHO prequalification.

Portfolio Pulse from Vandana Singh

October 04, 2024 | 4:46 pm

MSFT

Blizzard Entertainment has confirmed that Diablo 4 will be enhanced for the PS5 Pro, marking the first Microsoft-owned game to support Sony's console upgrade. This enhancement is part of Microsoft's broader strategy following its acquisition of Activision Blizzard.

Portfolio Pulse from Franca Quarneti

October 04, 2024 | 4:43 pm