Streetbeat News

Products Services

AAPL

FTEC

IXN

Apple Inc's CEO, Tim Cook, inaugurated a new store in Shanghai, emphasizing the company's commitment to China despite challenges such as geopolitical tensions, government restrictions, and competition from Huawei. iPhone sales in China dropped by 24% in the first six weeks of the year, with Apple falling to fourth place among smartphone vendors. The company has initiated discounts and diversified production to India and Vietnam. Apple's stock has gained 8.4% over the last 12 months, but shares were down 3.58% at the last check.

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 4:42 pm

RKDA

Arcadia Biosciences has received a Notice of Allowance for its US Patent Application 17/402,216, which focuses on plants with reduced lipase 1 activity for improved shelf-life, stability, rancidity, and flavor of plant products.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:23 pm

MSFT

Microsoft has unveiled the Surface Pro 10 and Surface Laptop 6, targeting the business sector. These new products aim to enhance productivity and performance for business users, showcasing Microsoft's commitment to innovation and the professional market.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:18 pm

DOGE

SHIB

SOL

Luke Martin shared his experience creating a meme coin on the Solana blockchain, emphasizing fairness and avoiding typical pitfalls like rug pulls. Despite his efforts, the coin experienced a rapid rise and decline, leading to mixed feelings about the process. The article also highlights the current meme coin hype, with established coins like Dogecoin and Shiba Inu remaining strong, while newcomers face volatility. The crypto community's fascination with meme coins continues amidst Bitcoin's price movements and the upcoming Halving event.

Portfolio Pulse from Khyathi Dalal

March 21, 2024 | 4:15 pm

LUNR

Intuitive Machines, Inc. (NASDAQ:LUNR) reported Q4 sales of $30.56 million, surpassing analyst estimates by 37.66%. The company achieved a significant milestone with the United States' first lunar landing in over 50 years, earning $12.5 million in mission completion payments. CEO Steve Altemus highlighted the mission's impact on lunar economics and program costs. Analysts have a bullish outlook on LUNR, with an average 1-year price target of $12.40, indicating a potential upside of 126.48%.

Portfolio Pulse from Erica Kollmann

March 21, 2024 | 4:13 pm

CHWY

Chewy Inc (NYSE:CHWY) reported Q4 financial results, with analysts providing mixed reactions. While the pet care sector faces challenges, including a 30% year-over-year decline in pet adoptions and inflation concerns, Chewy is seen as gaining market share and expanding margins. Analysts from Wedbush, JPMorgan, Goldman Sachs, and Needham provided insights, with some adjusting their price targets. Despite the sector's challenges, Chewy's efforts in health, autoship, and international expansion are highlighted as growth opportunities.

Portfolio Pulse from Chris Katje

March 21, 2024 | 4:13 pm

SOFI

SoFi Technologies Inc's CEO Anthony Noto discussed on CNBC's 'Mad Money' the company's strategies for financial growth, including achieving GAAP profitability by 2024, expanding its tech platform, cautiously managing its personal loan business, refinancing debt to save $40-$60 million annually, and conducting a convertible note sale to improve financial position and stock momentum.

Portfolio Pulse from Surbhi Jain

March 21, 2024 | 4:11 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) shares are trading higher, driven by a rise in Bitcoin prices and increased demand following the approval of spot bitcoin ETFs. Despite recent outflows from these ETFs, Bitcoin and Coinbase stocks are recovering, with Coinbase benefiting from the volatility in crypto markets. The company reported strong Q4 financial results, with transaction revenues up 83% QoQ. Analysts expect earnings of 48 cents per share on revenue of $1.104 billion in the next report. Coinbase's stock has significantly outperformed its historical averages this year.

Portfolio Pulse from Adam Eckert

March 21, 2024 | 4:10 pm

APYX

CURI

MVLA

SPIR

YTEN

U.S. stocks traded higher with the Nasdaq Composite gaining around 100 points. Micron Technology reported upbeat Q2 results and strong Q3 guidance, beating estimates with $5.82 billion in revenue and adjusted earnings of 42 cents per share. Yield10 Bioscience, CuriosityStream, and Lufax Holding saw significant stock increases following positive announcements, while Movella Holdings, Apyx Medical, and Spire Global experienced declines. Gold and silver prices rose, while oil and copper saw minimal changes.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 4:09 pm

DKNG

PARA

WBD

President Joe Biden has made his picks for the 2024 NCAA Men's Basketball Tournament, favoring the University of Connecticut to win. DraftKings Inc (NASDAQ:DKNG) provided the betting odds. The tournament's broadcasting rights are shared between Warner Bros. Discovery (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA), with games aired on various channels and streaming platforms.

Portfolio Pulse from Chris Katje

March 21, 2024 | 3:34 pm