Streetbeat News

Products Services

EADSY

UAL

Boeing Company (NYSE:BA) faces multiple crises, affecting the aerospace industry's reputation, as noted by Airbus SE's CEO, Guillaume Faury. Faury expressed concern at the 'Europe 2024' conference, highlighting Boeing's technical issues. Meanwhile, United Airlines Holdings, Inc. (NASDAQ:UAL) is reportedly close to a deal for 36 Airbus A321neo jets, indicating a shift from Boeing 737 Max 10 orders to Airbus, benefiting the latter. BA shares rose by 0.50%, while EADSY increased by 1.71%.

Portfolio Pulse from Akanksha Bakshi

March 19, 2024 | 3:10 pm

EWJ

EWJV

FLJP

MUFG

SWJ

The Bank of Japan's decision to introduce positive interest rates is expected to significantly boost profits for Japanese banks like Mitsubishi UFJ Financial Group Inc. (MUFG). With a combined reserve of $712 billion at the BoJ, these banks could see a substantial increase in interest earnings. Goldman Sachs has issued Buy ratings for MUFG and other Japanese banks, predicting a 30% surge in net interest margins. US investors can gain exposure to these stocks through ETFs like EWJ, EWJV, FLJP, and SWJ. Warren Buffett's earlier investments in Japanese equities have also paid off, with returns ranging from 117% to 276% since July 2019.

Portfolio Pulse from Piero Cingari

March 19, 2024 | 3:10 pm

NVDA

In a CNBC interview, Nvidia's CEO revealed that the company's upcoming Blackwell chip will be priced between $30,000 to $40,000. This announcement provides insight into Nvidia's pricing strategy for its next-generation technology.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 3:04 pm

ALAB

Astera Labs, Inc (NASDAQ:ALAB) is set to IPO on March 20, offering shares at a price range of $32.00 to $34.00. The company focuses on addressing connectivity challenges in data-centric systems with its Intelligent Connectivity Platform for cloud and AI infrastructure. An insider lock-up period of 180 days will end on September 16, 2024.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 3:00 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) is restructuring its leadership to support global expansion, aiming for 55,000 stores worldwide. Michael Conway is appointed as CEO, North America, and Brady Brewer as CEO, Starbucks International. The company plans to open three-quarters of new stores outside the U.S. and is also introducing new executive roles to enhance its global and product strategy.

Portfolio Pulse from Shivani Kumaresan

March 19, 2024 | 2:54 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) experienced a 3% drop in stock price after Jim Cramer, host of 'Mad Money', was seen posing with the company's AI robots, sparking a wave of 'inverse Cramer' sentiment on social media. Despite the recent launch of Nvidia's impressive AI superchips, the 'inverse Cramer' meme, which suggests that the opposite of Cramer's endorsements happens, influenced public perception and potentially the stock's performance.

Portfolio Pulse from Rounak Jain

March 19, 2024 | 2:51 pm

AYRWF

CRLBF

GTBIF

MRMD

TCNNF

The cannabis industry is experiencing significant growth with new store openings and sales milestones ahead of the Benzinga Cannabis Capital Conference in Florida. Illinois' cannabis market continues to expand, with MariMed Inc. opening a new Thrive dispensary. In Florida, Trulieve Cannabis Corp. and Green Thumb Industries Inc. are expanding their retail footprints amid talks of recreational legalization. AYR Wellness Inc. relocated its Tallahassee dispensary, and in New Jersey, C3 Industries Inc. and Holistic Re-Leaf opened new stores. Pennsylvania sees expansion with new dispensaries by PharmaCann Inc. and Cresco Labs Inc.

Portfolio Pulse from Jelena Martinovic

March 19, 2024 | 2:51 pm

BYDDY

NIO

TSLA

XPEV

Tesla Inc (TSLA) announced price adjustments for its Model Y in the US, Europe, and China, aiming to maintain sales momentum amid declining auto gross margins. XPeng Inc (XPEV) and Nio Inc (NIO) are launching more affordable EV brands to compete in a slowing EV market. XPeng's new EVs will be priced between $14,000 and $21,000, targeting a competitive segment with a strategic partnership with Didi. Nio's mass-market brand 'Le Dao' targets families, aiming to boost deliveries. Tesla plans a low-cost EV by end of 2025, facing competition from BYD Company Limited (BYDDY) which recently surpassed Tesla in sales.

Portfolio Pulse from Upwallstreet

March 19, 2024 | 2:51 pm

AUUD

Auddia Inc has received a U.S. patent for a machine learning technology that identifies shifts in audio content. The patent, numbered 11,935,520, marks a significant intellectual property milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 2:44 pm

ALPN

Alpine Immune Sciences, Inc. (NASDAQ:ALPN) exceeded Q4 earnings expectations with a GAAP EPS of 15 cents against an expected loss of 29 cents and sales of $30.853 million versus the anticipated $9.104 million. The company highlighted significant progress in developing povetacicept for IgAN and other diseases, contributing to a 14.6% stock increase to $40.63. Analysts from HC Wainwright & Co., Oppenheimer, and Morgan Stanley subsequently raised their price targets for ALPN.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 2:35 pm