Streetbeat News

Products Services

AAPL

EBAY

Apple Inc.'s (AAPL) new Vision Pro mixed reality headset pre-orders are being resold on eBay (EBAY) for double the original price due to delayed shipping times. The 256GB model costs $3,499 from Apple, while the 512GB model starts at $3,699. Resellers on eBay have listed the 512GB model for up to $8,500. Apple analyst Ming-Chi Kuo estimates 160,000 to 180,000 units sold, with shipping times now at five to seven weeks. The Vision Pro requires a detailed preorder process, including iPhone with Face ID, prescription information, and a valid prescription for customization.

Portfolio Pulse from Rounak Jain

January 22, 2024 | 3:58 pm

ACHR

Shares of Archer Aviation Inc (ACHR) are surging after the company announced a Space Act Agreement with NASA for joint efforts in battery characterization. The collaboration will focus on testing battery cells' safety, energy, and power performance for aerospace applications, including eVTOL, eCTOL aircraft, and potential space usage. Archer's battery system for its Midnight electric air taxi will be tested by NASA, with results aimed at advancing the AAM industry. ACHR stock rose 5.43% to $5.34.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 3:45 pm

DWAC

FSLY

NS

RUM

SGMT

U.S. stocks traded higher on Monday, with notable gains in several companies. NuStar Energy L.P. (NS) surged after Sunoco's acquisition announcement. Other stocks like Sagimet Biosciences (SGMT), Rumble (RUM), Digital World Acquisition Corp (DWAC), and Fastly (FSLY) also saw significant increases due to various positive news, including clinical trial results, partnerships, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:45 pm

BTM

Bitcoin Depot (NASDAQ:BTM), a leading Bitcoin ATM operator, has ordered 500 new BTM kiosks from Genmega, a top ATM and kiosk manufacturer. The company aims to deploy these units as part of its expansion strategy throughout 2024 and beyond. This move follows Bitcoin Depot's recent achievements, including becoming the largest BTM operator in North America, going public on a major U.S. stock exchange, and receiving recognition from Forbes 30 Under 30, Deloitte's 2023 Technology Fast 500, and the 2023 Inc. 5000.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:42 pm

ARQT

Arcutis Biotherapeutics' stock is trading higher following the announcement of the launch of their new product, ZORYVE topical foam, which is used for treating seborrheic dermatitis.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:36 pm

RL

Ralph Lauren CEO Patrice Louvet appeared live on CNBC to discuss the company's strategies in the Chinese market and the impact of artificial intelligence on their business. Louvet's insights are particularly relevant as China is a significant market for luxury brands, and AI is increasingly becoming a critical factor in retail for personalization and supply chain optimization.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:31 pm

DOGEUSD

FLOKIUSD

TSLA

Dogecoin (DOGE) and Floki (FLOKI) saw a 12% increase in market activity over the weekend, with trading volumes soaring by 200%. Dogecoin developer Paulo Vidal emphasized Dogecoin's commitment to financial freedom and changing the financial system, highlighting projects aimed at global financial inclusion. The surge in dog-themed tokens is attributed to expectations of growing adoption, spurred by an @xpayments profile on X (formerly Twitter) and Elon Musk's hints at integrating DOGE for payments. Tesla (TSLA) already accepts DOGE for merchandise purchases, and Musk suggested DOGE for Twitter Blue payments.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 3:26 pm

DLR

Digital Realty Trust (DLR) shares rose following the announcement of the expansion of its ServiceFabric platform. Additionally, Scotiabank upgraded DLR from Sector Perform to Sector Outperform with a $157 price target.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:23 pm

GNS

Genius Group Ltd (NYSE:GNS) shares surged after the company provided strong FY24 guidance, projecting annual revenue of $58 million-$60 million, which is significantly higher than the consensus of $33.47 million. The expected revenue represents a 110% year-over-year increase, driven by growth in its AI-driven EdTech platform and entrepreneurial education courses. The company also anticipates an adjusted EBITDA of $2.5 million-$3.0 million and a 67% increase in student and user numbers to 9.5 million-10 million. Following revised FY23 guidance indicating 43% to 60% revenue growth, CEO Roger Hamilton emphasized the importance of technology and education in 2024. Additionally, Genius Group reported a 120.76% growth in first-half revenue compared to the previous year and recently closed an $8.25 million public offering. GNS shares rose 7.02% to $0.3125.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 3:16 pm

UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) is anticipated to report lower Q4 earnings at $1.70 per share compared to $2.46 per share in the previous year. Revenue is expected to be $13.54 billion, up from $12.4 billion. The company announced a $2.6 billion renovation of Terminal B at IAH. UAL shares dropped 2.4% to $38.82. Analysts have revised their price targets and ratings, with the most accurate analysts having accuracy rates ranging from 62% to 66%.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:15 pm