Streetbeat News

Products Services

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares rose after announcing it will showcase its latest electric vehicle concept and the mini eSUV VF 3 at CES 2024. The company will also reintroduce its DrgnFly electric bikes, first shown at CES 2023. The presence at CES 2024 underscores VinFast's commitment to sustainable transportation and innovation. CES 2024 will occur from Jan. 9 to Jan. 12 in Las Vegas. VFS shares closed up 4.88% at $8.38.

Portfolio Pulse from Ryan Gustafson

December 26, 2023 | 9:37 pm

CHRS

Coherus BioSciences, Inc. (NASDAQ:CHRS) stock surged in after-hours trading following the FDA approval of UDENYCA ONBODY for pegfilgrastim-cbqv. The product is an on-body injector for a biosimilar administered post-chemotherapy to reduce infection risk. The company highlighted the demand for such a device and anticipates a positive reception due to its features like a five-minute injection time and retractable needle mechanism. UDENYCA ONBODY is expected to be commercially available in Q1 2024.

Portfolio Pulse from Ryan Gustafson

December 26, 2023 | 9:30 pm

CHRS

Coherus BioSciences' stock is trading higher following the announcement of FDA approval for UDENYCA ONBODY, a pegfilgrastim-cbqv product.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:06 pm

MSFT

Starfield, developed by Microsoft's Bethesda Game Studios, has received 'Mostly Negative' reviews on Steam, failing to meet high expectations. Despite a favorable Metacritic score of 83, the game's Steam rating reflects player dissatisfaction, with recent reviews being particularly negative. The game's initial hype, with over 13 million players, contrasts with the current perception of it being mediocre and monotonous.

Portfolio Pulse from Franca Quarneti

December 26, 2023 | 9:05 pm

CHRS

Coherus Biosciences has received FDA approval for UDENYCA ONBODY, an on-body injector for pegfilgrastim with a quick five-minute delivery time and a safety-focused retractable needle mechanism designed for cancer patients.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:03 pm

CYTK

Cytokinetics, Incorporated (NASDAQ:CYTK) will host an investor call on December 27, 2023, to discuss the Phase 3 clinical trial results of aficamten for obstructive hypertrophic cardiomyopathy. The call will be webcast from their website and accessible by telephone with registration.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:01 pm

TTWO

Fans speculate that Manni L. Perez might be the voice actor for Lucia in 'GTA 6' after noticing similarities in appearance and voice in the game's trailer released by Take-Two Interactive's Rockstar. Perez has previously voiced in 'GTA 5' and acted in TV shows. Official confirmation is pending, with the game's release set for 2025.

Portfolio Pulse from Franca Quarneti

December 26, 2023 | 8:30 pm

CMCSA

DIS

DKNG

PARA

PDYPY

PENN

Needham analyst Bernie McTernan maintains a Buy rating and a $50 price target on DraftKings Inc (NASDAQ:DKNG), citing a strong weekend for sportsbooks during NFL Week 16, with only 2 of the top 5 favorites winning outright and none covering the spread. This was likely beneficial for DraftKings' financials. The article also mentions the performance of other companies' sports betting apps, with ESPN Bet from PENN Entertainment (NASDAQ:PENN) initially ranking first but falling to second place behind PrizePicks, while DraftKings ranked third and Flutter Entertainment's FanDuel (OTC:PDYPY) ranked fourth. The article notes the NFL games aired on platforms owned by Comcast Corporation (NASDAQ:CMCSA), Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA), and The Walt Disney Company (NYSE:DIS). DraftKings shares are up 220% year-to-date in 2023.

Portfolio Pulse from Chris Katje

December 26, 2023 | 8:00 pm

AAPL

AMD

INTC

NVDA

QCOM

A KPMG LLP and Global Semiconductor Alliance survey indicates that the automotive sector, particularly electric vehicles (EVs), is the top revenue driver for the semiconductor industry, with artificial intelligence (AI) ranking second. Microprocessors, including GPUs for AI, are seen as the top product opportunity for growth. Nvidia (NVDA) leads the AI chip market, followed by Qualcomm (QCOM) and AMD (AMD). Intel (INTC) has launched new products for servers and mobile AI PCs, joining AMD, Qualcomm, and Apple (AAPL) in the AI PC chip space. The survey also highlights the top functions for Gen AI implementation as R&D, marketing, and manufacturing.

Portfolio Pulse from Surbhi Jain

December 26, 2023 | 7:41 pm

EFA

IVV

SPY

VOO

WFC

XLB

XLI

XLV

Wells Fargo Investment Institute has set a target for the S&P 500 Index at 4600-4800 by the end of 2024, expecting global earnings to face challenges early in the year but to rebound later. They favor large-caps over mid-caps and small-caps, and have a target for the MSCI EAFE Index at 2000-2200. Wells Fargo's favored sectors for 2024 are Health Care, Industrials, and Materials, while Consumer Discretionary and Real Estate are viewed unfavorably. ETFs tracking these indices and sectors are highlighted as investment options.

Portfolio Pulse from Surbhi Jain

December 26, 2023 | 7:37 pm