Streetbeat News

Products Services

SONY

Sony Group Corp. (NYSE:SONY) showcased an extensive lineup of upcoming PS5 games at its 2024 State of Play event, including Death Stranding 2, Dragon's Dogma II, and a new Sonic x Shadow Generations game. The event also highlighted partnerships and expansions into new platforms, indicating Sony's strategic focus on broadening its gaming ecosystem.

Portfolio Pulse from Franca Quarneti

February 01, 2024 | 8:16 pm

AAPL

AMZN

GOOGL

MAGS

META

MSFT

NVDA

QQQ

SPY

TSLA

The Magnificent Seven stocks, coined by Bank of America analyst Michael Hartnett, are seven high-profile technology stocks that have significantly outperformed in recent years due to their involvement in major tech trends like AI, cloud computing, and EVs. These stocks include Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), Alphabet (GOOGL), Nvidia (NVDA), and Tesla (TSLA). They dominate the market by leveraging their technological advancements, strong balance sheets, and brand power. Despite their high valuations and low yield, their growth prospects, especially in AI, make them attractive. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) offer broader market exposure, while the Roundhill Magnificent Seven ETF (MAGS) provides direct investment in these stocks.

Portfolio Pulse from Stjepan Kalinic

February 01, 2024 | 8:13 pm

BTCUSD

Macro investor Raoul Pal predicts a 60% chance that Bitcoin could reach $150,000, with a 20% chance of peaking more rapidly and then declining, and another 20% chance of reaching $250,000. This analysis follows the approval of a Bitcoin ETF, which saw an initial price drop in Bitcoin. Pal attributes this to the market needing time to absorb new capital and highlights the millennial cohort as significant, stable investors in Bitcoin. He also notes a shift in the investor base towards a more finance-oriented crowd, which could reduce Bitcoin's volatility.

Portfolio Pulse from Murtuza Merchant

February 01, 2024 | 7:50 pm

AAPL

DIS

META

Apple Inc (AAPL) unveiled its Apple Vision Pro augmented reality headset at WWDC 2023, set for release on Feb. 2 with a price of $3,499. CEO Tim Cook and other executives, along with director James Cameron, praised the device's groundbreaking technology. The Vision Pro, featuring apps from Zoom, Microsoft, and Disney (DIS), faces competition from Meta Platforms' (META) Meta Quest 3. Analysts are optimistic but note challenges in pricing and market penetration.

Portfolio Pulse from Chris Katje

February 01, 2024 | 7:45 pm

AMD

Goldman Sachs analyst Toshiya Hari maintained a Buy rating on Advanced Micro Devices Inc (AMD) and raised the price target from $157 to $180, citing a near-term correction as a buying opportunity. AMD reported Q4 revenue of $6.2 billion, slightly above consensus, but adjusted EPS was below Hari's estimates. Despite expected weakness in the Gaming business, strong customer traction in the Data Center GPU business and positive revenue guidance revision are seen as positives. AMD's exposure to generative AI, server CPU market share growth, and margin expansion are highlighted as key drivers.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 7:39 pm

ATRA

Atara Biotherapeutics' stock price increased following the announcement of the publication of Phase 3 ALLELE Tab-cel data in collaboration with Pierre Fabre Laboratories.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:38 pm

NSTG

NanoString Technologies, Inc. (NSTG) announced the commercial availability of the CosMx Human 6K Discovery Panel, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:37 pm

DWAC

RUM

Digital World Acquisition Corporation (DWAC) is testing a video streaming platform for Truth Social, potentially impacting its partnership with Rumble Inc (RUM). DWAC's merger with Trump Media & Technology Group (TMTG) includes plans to expand Truth Social's offerings, potentially competing with Rumble, which currently hosts Trump's videos. This development could affect Rumble's stock, which has seen volatility linked to Trump's political activities.

Portfolio Pulse from Chris Katje

February 01, 2024 | 7:27 pm

GOOG

MSFT

NVDA

Microsoft and Alphabet's Google are tapping into India's AI talent pool, with top executives visiting to foster AI adoption. Microsoft's CEO Satya Nadella and Google's chief scientist Jeff Dean are engaging with developers and industry leaders in India. Nvidia also recognizes India's potential in AI, with a significant deal and partnerships enhancing its presence. India's vast programming community and significant contributions to AI projects highlight its pivotal role in global AI innovation.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 7:23 pm

CMPR

HON

NRBO

PTON

U.S. stocks traded higher with the Dow Jones gaining around 250 points. Honeywell International Inc reported downbeat Q4 revenue and a weak outlook, missing consensus estimates. Cimpress plc, NeuroBo Pharmaceuticals, and Celularity Inc saw significant stock price increases following positive financial results and clinical trial news. Conversely, Revelation Biosciences, Peloton Interactive, and Volcon Inc experienced substantial declines in their stock prices due to disappointing financial results and public offering pricing.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 7:20 pm