Streetbeat News

Products Services

RKLB

Rocket Lab has donated one of its Electron rockets to the California Science Center's Samuel Oschin Air and Space Center expansion project.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:55 am

Chemours Company announced that the Mexican government has lifted water intake restrictions, allowing the company to resume normal operations at its Titanium Dioxide (TiO2) manufacturing facility in Altamira, Mexico.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:55 am

AAPL

META

Apple Inc. (NASDAQ:AAPL) and Meta Platforms Inc. (NASDAQ:META) are reportedly in talks about a potential AI partnership. Analyst Dan Ives discussed Meta's interest in integrating its generative AI model into Apple's new AI system, Apple Intelligence. However, a Bloomberg report later rejected this, citing privacy concerns.

Portfolio Pulse from Ananya Gairola

June 25, 2024 | 6:53 am

CCL

FDX

SEDG

SNX

SPR

Key stocks to watch on Tuesday include Carnival Corporation, Boeing, Spirit AeroSystems, TD SYNNEX, SolarEdge Technologies, and FedEx. Carnival and FedEx are expected to report earnings, Boeing proposed to acquire Spirit AeroSystems, TD SYNNEX will release earnings, and SolarEdge announced a $300 million convertible notes offering.

Portfolio Pulse from Avi Kapoor

June 25, 2024 | 6:33 am

TSLA

Elon Musk reassures Tesla investors of 'exceptional' long-term returns despite a 26% decline in stock value this year. Tesla's performance has impacted Baron Partners Fund, which remains bullish on the company. Tesla faces industry headwinds, competitive pressure, and margin erosion due to price cuts. The company is shifting focus to AI, robotics, and ancillary businesses like full self-driving technology and energy. Cathie Wood’s Ark Invest predicts Tesla stock could reach $2,600 by 2029.

Portfolio Pulse from Shanthi Rexaline

June 25, 2024 | 6:26 am

TSLA

Tesla has added Mercedes-Benz to the list of automakers that will soon gain access to its supercharger network in North America. The timeline for access has been adjusted to 'soon' from the previous expectation of spring. Tesla's recent layoffs, including 500 members of the supercharging team, have created doubts about the timeline. However, CEO Elon Musk refuted rumors about the network's decline, stating that Tesla will invest $500 million in expanding the network this year.

Portfolio Pulse from Anan Ashraf

June 25, 2024 | 6:10 am

AMD

ARM

INTC

QCOM

Arm Holdings CEO Rene Haas believes analysts have underestimated the rapid growth of AI, which is significantly impacting the company's performance. Arm Holdings, recently added to the Nasdaq 100, has seen its stock surge nearly 140% since its public debut in September. The company is positioning itself as a major player in the AI chip market, despite facing legal challenges with Qualcomm.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 5:57 am

BTCUSD

ETHUSD

SOLUSD

Solana (SOL) surged over 8% in the last 24 hours, defying the broader market trend where Bitcoin (BTC) and Ethereum (ETH) saw significant drops. The increase in SOL's price is potentially linked to the launch of Wrapped Bitcoin (WBTC) on the Solana network, facilitated by Wormhole. This development comes amid predictions of an altcoin market recovery.

Portfolio Pulse from Aniket Verma

June 25, 2024 | 5:45 am

PARA

Paramount Global (NASDAQ: PARA) has announced a price hike for its Paramount+ subscription plans starting in August. The ad-free Paramount+ With Showtime plan will increase by $1 to $12.99 per month, while the Paramount+ Essential plan with ads will rise by $2 to $7.99 per month for new subscribers. Existing subscribers will see the new prices from their next billing date on or after September 20. Annual subscription plans remain unchanged.

Portfolio Pulse from Ananya Gairola

June 25, 2024 | 4:53 am

LLY

NVO

Novo Nordisk A/S (NYSE:NVO) is investing $4.1 billion to expand its U.S. manufacturing operations to meet the growing demand for its weight loss drugs, Wegovy and Ozempic. The new plant near Raleigh, North Carolina, will double its size and is expected to be operational between 2027 and 2029. This move aims to address recent shortages and compete with Eli Lilly's rival drugs.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 4:41 am