Streetbeat News

Products Services

ALLO

ARKK

COIN

FDMT

HOOD

MOON

RNA

TSLA

The article discusses the investment strategy of focusing on innovative technologies, highlighting the ARK Innovation ETF (ARKK) and the Direxion Moonshot Innovators ETF (MOON). Despite ARKK's recent downturn, largely due to its investment in Tesla (TSLA), the potential for high rewards from such innovative investments is emphasized. MOON aims to invest in the top innovative U.S. companies, with top holdings including Avidity Biosciences (RNA), 4D Molecular Therapeutics (FDMT), Coinbase Global (COIN), Robinhood Markets (HOOD), and Allogene Therapeutics (ALLO).

Portfolio Pulse from Johnny Rice

April 18, 2024 | 6:29 pm

BTCUSD

The article discusses the upcoming Bitcoin halving, highlighting analysis from 10x Research which suggests a nuanced impact on Bitcoin's price rather than an immediate surge. It mentions potential short-term volatility due to factors like miner inventory liquidation and macroeconomic headwinds, but also points to long-term potential. The importance of a long-term perspective and other market dynamics in determining Bitcoin's price trajectory post-halving is emphasized.

Portfolio Pulse from Murtuza Merchant

April 18, 2024 | 6:19 pm

BTCUSD

Anthony Scaramucci of SkyBridge Capital predicts Bitcoin (BTC) could reach $200,000 per coin post-halving, citing historical rallies and increased adoption. He suggests a minimal downside risk of 10-15% due to geopolitical uncertainties but sees significant upside potential, especially with the recent approval of Bitcoin ETFs and new market entrants. Scaramucci believes Bitcoin could eventually surpass the market cap of gold, emphasizing its potential for long-term holders.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 6:17 pm

DOGE

SHIB

The article discusses the evolution of meme coins since the last Bitcoin halving, highlighting the significant growth in market capitalization to $49.3 billion. Dogecoin and Shiba Inu remain the top players, with new entrants like Dogwifhat and Pepe gaining traction. The piece also mentions token burning strategies by Shiba Inu, Floki, and Bonk to reduce supply and potentially increase prices. The meme coin market's profitability and concerns over utility and scams are addressed, with anticipation of a Bitcoin bull run potentially benefiting altcoins.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 6:17 pm

AMZN

DIS

NFLX

WBD

Benzinga's poll revealed Netflix as the top streaming platform choice among its readers, with 61% preferring it over Disney+, Amazon Prime Video, and Max. This comes as consumers face decisions on streaming subscriptions amid rising costs. Netflix's aggressive content strategy and Amazon Prime Video's extensive library, including sports rights, position them strongly in the competitive streaming market. Disney+ and Max, despite their unique content offerings, ranked lower. The poll's timing aligns with Netflix's upcoming Q1 earnings, where a potential price hike for ad-free plans is a key focus.

Portfolio Pulse from Chris Katje

April 18, 2024 | 6:00 pm

BGLC

BioNexus Gene Lab Corp. (BGLC) has announced a strategic investment of $250K in Ascension Innovation Sdn Bhd (AISB), a Malaysian healthcare technology company. This investment, made through BGLC's subsidiary MRNA Scientific, aims to advance digital health innovation by integrating AI in healthcare solutions. AISB's aiCMS platform is expected to enhance patient care through predictive analytics and personalized health management. The global digital health and AI in healthcare markets are projected to grow significantly, indicating potential for further investment and market participation by BGLC and MRNA.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:59 pm

Boeing is expanding its R&D team in Japan, currently consisting of 27 staff from 12 countries, with plans to increase this number to around 50. The company indicates that details of its Asia business expansion will be finalized in the future.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:57 pm

Boeing plans to first obtain certification in the U.S. before expanding into Asia, using its Nagoya base to develop digital tools for aircraft design and manufacturing. This strategic move aims to enhance Boeing's presence in Asia while ensuring compliance with U.S. regulations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:55 pm

IMAX

Wedbush analyst Alicia Reese reiterated an Outperform rating on IMAX Corp (NYSE:IMAX) with a $22 price target, citing StreamSmart technology and global expansion as key growth drivers. The company is expected to report Q1 FY24 earnings on April 25, with anticipated revenue of $82 million and EPS of $0.15, surpassing previous estimates. IMAX's Q1 global box office on its screens reached $260 million, exceeding expectations. The analyst highlights IMAX's market share gains from the shift towards premium screens and expects less volatility due to a reduced release slate volume in 2024. IMAX's focus on local-language content and the potential of StreamSmart technology are seen as opportunities for further growth. IMAX shares rose 0.94% to $17.24.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 5:55 pm

Boeing, through its subsidiary Wisk Aero, is developing electric vertical take-off and landing (eVTOL) aircraft with autonomous technology, aiming to introduce flying cars in Asia by 2030. The company is currently evaluating potential entry markets in Asia, including Japan.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:55 pm