Streetbeat News

Products Services

SONY

The PlayStation 5 Pro, developed by Sony Group Corp. (NYSE:SONY), features significant enhancements over the standard PS5, including a 10% faster CPU and a GPU with 33.5 teraflops. Despite these improvements, tech experts from Digital Foundry predict that GTA 6 will likely run at the same frame rate on both the PS5 Pro and the standard PS5 due to CPU limitations. The PS5 Pro's superior rendering capabilities could allow for upscaling older PS5 games to 4K resolution. Sony is expected to launch the PS5 Pro in 2024, which could boost sales figures amid a period of strategic restructuring and recent layoffs within its gaming business.

Portfolio Pulse from Franca Quarneti

March 20, 2024 | 8:10 pm

DOGE-USD

Dogecoin (DOGE) saw a 3% increase after its creator, Billy Markus, humorously commented on the ease of creating meme coins, emphasizing their lack of development teams. Despite his jokes, Dogecoin's transaction volumes and daily active addresses have shown significant growth, with IntoTheBlock data indicating a 92.8% increase in large transaction volumes and a 13.5% increase in daily active addresses. Traders and influencers like Cantonese Cat and TheCryptoBull have expressed bullish sentiments on Dogecoin's future, further supported by Elon Musk's mention of potential Tesla integration.

Portfolio Pulse from Khyathi Dalal

March 20, 2024 | 8:08 pm

MYGN

Myriad Genetics announced that the US Patent and Trademark Office has granted a patent covering the use of push-button blood collection devices for PCR-based fetal sex determination. The patent, U.S. Patent No. 11,932,907, titled 'Fetal Sex Determination Using Capillary Blood From Upper Arm,' protects Myriad's SneakPeek Snap products in the U.S through 2040.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:08 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares rose 3.2% to $24.55 after the Federal Reserve decided to keep interest rates steady at 5.25-5.5%. The Fed's future plans include three rate cuts in 2024, aiming for a 4.6% target. This decision and the optimistic economic growth projections for 2024 suggest a favorable environment for Palantir's expansion and growth, potentially boosting its stock price.

Portfolio Pulse from Henry Khederian

March 20, 2024 | 8:06 pm

INDI

indie Semiconductor has announced a minority investment in Expedera, a company specializing in AI processors. This strategic investment aims to enhance indie Semiconductor's capabilities in AI and expand its market reach.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:06 pm

FPOCF

LITOF

MSBHF

SMMYY

FPX Nickel Corp. (OTC:FPOCF) has secured funding through 2025 with the backing of Sumitomo Metal Mining (OTC:SMMYY) and other strategic partners, despite a challenging financing market for junior mining companies. This funding, crucial for FPX's exploration of nickel for electric vehicle batteries, highlights a trend where battery and EV manufacturers invest in miners to secure future metal supplies. Other companies like Mitsubishi Corp. (OTC:MSBHF) and Frontier Lithium Inc. (OTC:LITOF) have also engaged in similar strategic investments.

Portfolio Pulse from Matt Whittaker

March 20, 2024 | 8:03 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares surged 9.4% to $3.56 after the Federal Reserve decided to keep interest rates steady, with projections indicating potential rate cuts in 2024. This decision is seen as beneficial for the broader economy and companies like Plug Power, which may experience increased demand for its green energy and fuel cell technology products as economic conditions improve.

Portfolio Pulse from Henry Khederian

March 20, 2024 | 8:02 pm

TOVX

Theriva Biologics has been granted an EU patent (#3292142) for its innovative approach to cancer treatment using oncolytic adenoviruses with mutations in immunodominant adenovirus epitopes. This patent represents a significant advancement in the field of cancer therapy, potentially offering new treatment options for patients.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:01 pm

NVDA

SPRX

NVIDIA Corporation (NVDA) remained stable as the S&P 500 rose, following the Federal Reserve's decision to hold rates steady. Nvidia has seen significant growth, up 148% from Oct. 31 to March 8, driven by bullish sentiment in the AI market. At its GTC Conference, Nvidia unveiled its new GPU architecture, Blackwell. Nvidia's stock has formed a bull flag pattern, suggesting potential upward movement. The Spear Alpha ETF (SPRX), which includes Nvidia as a major holding, offers diversification for investors looking to capitalize on Nvidia's momentum.

Portfolio Pulse from Melanie Schaffer

March 20, 2024 | 7:28 pm

REGN

Regeneron Pharmaceuticals (NASDAQ:REGN) has seen unusual options activity, with a bullish sentiment from deep-pocketed investors. The activity includes 10 extraordinary options trades, with 60% bullish and 40% bearish sentiment. The focus is on a price band between $900.0 and $1020.0. The company, known for its products in eye disease, cardiovascular disease, cancer, and inflammation, has a current stock price of $966.07, up 0.25%. Analysts have given an average target price of $1137.25, with varying ratings from Outperform to Overweight.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:16 pm