Streetbeat News

Products Services

AAPL

Apple announced that its Worldwide Developers Conference (WWDC) will return on June 10, 2024. This event is highly anticipated by developers and industry watchers for potential new product announcements and software updates.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 5:02 pm

TLRY

Tilray shares are experiencing an uptick as the broader cannabis market benefits from recent legalization efforts in Germany. This positive momentum reflects growing optimism around the global cannabis industry's expansion.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 5:00 pm

AAPL

VGT

XLK

Apple Inc (NASDAQ:AAPL) has seen a significant decline in iPhone shipments in China, with a 33% drop in February year-over-year, following a 39% reduction in January. This downturn is attributed to rising competition, particularly from Huawei Technologies Co, and a broader slowdown in China's smartphone market. Despite this, Apple plans to launch its Vision Pro headset in China by 2024. The company's stock has gained 8% over the last 12 months, and exposure to AAPL can be gained through ETFs like Vanguard Information Tech ETF (NYSE:VGT) and SPDR Select Sector Fund - Technology (NYSE:XLK).

Portfolio Pulse from Anusuya Lahiri

March 26, 2024 | 4:58 pm

PRAX

Praxis Precision Medicines Inc (NASDAQ:PRAX) reported positive results from its Phase 2a study of PRAX-628 for epilepsy, showing strong response rates and good tolerability. The company plans to begin a focal epilepsy efficacy study in the second half of 2024. PRAX-628 demonstrated efficacy in preclinical and Phase 1 studies, with dose-dependent exposure and a significant pharmacodynamic effect. Shares of PRAX surged 15.40% to $58.29.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 4:54 pm

CRPT

MSTR

MVPA

MicroStrategy Inc (NASDAQ:MSTR) has launched MicroStrategy AutoTM, an AI-powered bot aimed at enhancing business intelligence (BI) delivery. This bot, part of the MicroStrategy AITM update, allows for customizable, user-friendly analytics through natural language interactions. It can be integrated into third-party apps or function independently within the MicroStrategy ONE library. The launch aims to improve decision-making and productivity by simplifying access to analytics. MSTR's stock has seen a 677% increase over the past year, attributed to the Bitcoin rally. Exposure to MSTR stock is also possible through First Trust SkyBridge Crypto Industry And Digital Economy ETF (NYSE:CRPT) and Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:MVPA).

Portfolio Pulse from Anusuya Lahiri

March 26, 2024 | 4:50 pm

MRNA

Moderna Inc (NASDAQ:MRNA) announced that its next-generation COVID-19 vaccine, mRNA-1283, met the primary endpoints in its Phase 3 trial, showing a higher immune response than its current vaccine, mRNA-1273.222. The vaccine demonstrated effectiveness against the Omicron BA.4/BA.5 and original virus strains, particularly in individuals over 65. mRNA-1283 has a similar safety profile to Moderna's approved vaccines and offers benefits in storage and accessibility. Detailed Phase 3 data will be shared at Moderna's Vaccines Day and upcoming conferences. MRNA shares dropped 1.36% to $108.88.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 4:39 pm

AMZN

CMCSA

NBCUniversal's Peacock, owned by Comcast (CMCSA), will exclusively air the NFL's opening week Friday game in Brazil. Additionally, the NFL announced that Amazon's Prime Video (AMZN) will have exclusive rights to a playoff game. The NFL also plans to schedule at least one game on Christmas for the upcoming season.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:26 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) shares surged over 30% in the past five days, following the announcement of MicroStrategy Auto, an AI bot for business intelligence, and the acquisition of 9,245 additional Bitcoins. The company now holds approximately 214,246 bitcoins. The stock's performance is also influenced by interest rates, with its forward P/E suggesting it is a growth stock. MicroStrategy's revenue has grown at an average rate of 0.56% annually over the past 5 years.

Portfolio Pulse from Erica Kollmann

March 26, 2024 | 4:25 pm

ISUZY

TM

Toyota Motor Corp plans to start mass production of an electric Hilux pickup in Thailand by end of 2025, following Isuzu Motors' announcement to produce a battery-powered D-MAX there. This move is part of a broader shift towards electric vehicle adoption in Southeast Asia, with significant investments in the region. Toyota aims to sell 250,000 vehicles in Thailand this year and will trial battery Hilux pickups in Pattaya next month. TM shares rose 0.77% to $254.37.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 4:24 pm

CGC

Canopy Growth Corp (NASDAQ:CGC) shares surged, adding to a 100% gain over the last week, following Germany's legalization of adult-use cannabis. The law, effective April 1, allows possession and home cultivation of cannabis. Canopy Growth sees this as a significant opportunity to expand in Germany through its vaporizer brand Storz & Bickel and medical cannabis products. The company's stock is trending on social platforms, with trading volume significantly exceeding its average.

Portfolio Pulse from Adam Eckert

March 26, 2024 | 4:24 pm