Streetbeat News

Products Services

CURLF

GTBIF

Otha Smith III, CEO of Tetragram, discusses the company's role in cannabis consumer data analytics since Maryland legalized medical marijuana. Tetragram provides a HIPAA-compliant app for users to journal cannabis experiences, focusing on terpenes and cannabinoids. The company collaborates with 40 Tons for diversity and justice, and has partnerships with Curaleaf Holdings Inc (CURLF) and Green Thumb Industries Inc (GTBIF). Smith emphasizes the importance of informed purchases over THC content and shares his personal shift from opioids to cannabis. Tetragram aims to expand research and include psychedelics on their platform.

Portfolio Pulse from Joana Scopel

January 04, 2024 | 6:23 pm

MSFT

OpenAI is set to launch its 'GPT store' next week, enabling customers to share and sell customized OpenAI-powered chatbots for various uses. The store's launch was initially planned for November but was postponed.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 6:23 pm

ALT

Altimmune, Inc. (NASDAQ:ALT) shares have surged over 140% in the past month, with significant gains following the announcement of positive topline results from the 48-week Momentum Phase 2 trial of its obesity drug-candidate, pemvidutide. The trial showed promising weight loss outcomes and a favorable safety profile, particularly regarding cardiac safety. The stock is trading well above its 50-day moving average, and a high short interest of 20.81% may be contributing to a short squeeze.

Portfolio Pulse from Erica Kollmann

January 04, 2024 | 6:08 pm

GM

General Motors Company (NYSE:GM) shares are up following an upgrade to Outperform from Peer Perform by Wolfe Research, with a price target of $42. The upgrade is based on GM's reported 14% increase in 2023 U.S. vehicle sales, including significant rises in Buick and GM Envolve sales. The company is seen to benefit from a stable interest rate environment, and as an OEM, it is expected to gain more than suppliers. GM also offered a $7,500 incentive on EVs losing a U.S. tax credit, aligning with new vehicle launches like the Chevrolet Equinox EV and Cadillac Escalade IQ.

Portfolio Pulse from Nabaparna Bhattacharya

January 04, 2024 | 6:04 pm

ETHUSD

On Wednesday, 7,128.52 Ether (ETH) valued at $16.25M was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -7.64% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 6:00 pm

CGTX

Cognition Therapeutics (CGTX) has received a notice of allowance for its U.S. patent application 17/537,110, which covers compositions for treating neurodegenerative diseases, including Alzheimer's disease and cognitive decline. This development could strengthen the company's intellectual property portfolio and potentially enhance its competitive position in the market for Alzheimer's treatments.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 5:41 pm

BLK

Morgan Stanley analyst Michael Cyprys projects positive earnings for BlackRock, Inc (NYSE:BLK) with a slight increase in revenues but expects a decrease in adjusted operating income and EPS for Q4 2023. Cyprys is interested in BlackRock's insights on various key areas and has raised his price target from $897 to $952, maintaining an Overweight rating and selecting it as his Top Pick. BlackRock's diversified business and Aladdin technology platform are seen as strengths. BLK shares are up by 0.59% at $788.78.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 5:38 pm

DCGO

DocGo's CEO has defended the company's performance on a contract for migrant care in New York City, asserting that the NYC pact aligns with their broader mission to enhance the accessibility of at-home healthcare services.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 5:34 pm

CAN

Canaan Inc. has received follow-on purchase orders for over 17,000 Bitcoin mining machines from joint venture entities of Cipher and Stronghold. This news has led to an increase in Canaan's stock price.

Portfolio Pulse from Bill Haddad

January 04, 2024 | 5:33 pm

ALLY

AMZN

AXP

COF

MSFT

NKE

VCR

Online spending during the 2023 holiday season reached a record $222.1 billion, up 4.9% from the previous year, driven by deep discounts and 'buy now, pay later' deals. The Vanguard Consumer Discretionary ETF (VCR) saw a 22.8% gain during this period but has since dropped 3.5% in early 2024. Electronics, apparel, and furniture were top categories, with Microsoft's Xbox and sports apparel like sneakers being popular items. 'Buy now, pay later' contributed $16.6 billion in holiday spend, but credit card delinquencies are rising, with Goldman Sachs predicting normalization by 2025. American Express, Capital One, and Ally Financial were highlighted as top picks in the consumer finance sector.

Portfolio Pulse from Neil Dennis

January 04, 2024 | 5:29 pm