Streetbeat News

Products Services

AAPL

BBY

MASI

TGT

WMT

Apple Inc. (AAPL) faces a potential U.S. ban on its $17 billion smartwatch business due to patent infringement allegations by Masimo Corp. (MASI). Apple is modifying algorithms to avoid the ban. Apple Card Savings Account interest rate has increased to 4.25% APY. Apple instructed customer service not to guide customers to watch retailers, affecting sales at Walmart (WMT), Best Buy (BBY), and Target (TGT). Apple unveiled AI tech 'HUGS' for digital avatars and is under DOJ scrutiny for blocking the Beeper app.

Portfolio Pulse from Benzinga Neuro

December 24, 2023 | 12:43 pm

DOGE-USD

SHIB-USD

SOL-USD

The cryptocurrency market saw significant developments this week, with Shiba Inu's (CRYPTO: SHIB) burn rate increasing by 28,350% after a partnership with D3 Global for the .shib domain. Dogecoin (CRYPTO: DOGE) is predicted to rally if it crosses $0.106, and Elon Musk's X platform may integrate Dogecoin payments. Solana (CRYPTO: SOL) is forecasted to break out against Bitcoin (CRYPTO: BTC), potentially leading to a rally in its USD pair.

Portfolio Pulse from Benzinga Neuro

December 24, 2023 | 9:42 am

COST

CVS

SBUX

TGT

WBA

WMT

Major retailers and pharmacy chains have announced their Christmas Eve hours for last-minute shoppers. Walmart will close at 6 p.m., Target will be open from 7 a.m. to 8 p.m., Costco's hours are 8:30 a.m. to 5 p.m., CVS anticipates normal hours, Walgreens will maintain regular hours, Starbucks' hours may vary, and Kroger generally closes early. Customers are advised to check specific store hours online or contact the stores directly.

Portfolio Pulse from Nabaparna Bhattacharya

December 23, 2023 | 7:48 pm

SIRI

President Joe Biden, an automobile enthusiast, expressed his fondness for his 1967 Corvette Stingray, a family heirloom and a gift from his father. In an interview with Conan O'Brien, Biden reminisced about the car's sentimental value and his love for driving, despite not knowing much about engines. He also discussed the potential of electric vehicles (EVs), praising the electric Corvette's acceleration and the electric Ford Bronco. Biden's support for the transition to EVs aligns with his administration's goals for federal employees to adopt or support electric vehicles.

Portfolio Pulse from Chris Katje

December 23, 2023 | 6:57 pm

FXCOF

MSFT

Microsoft Corp. (NASDAQ:MSFT) has purchased a 407-acre property in Wisconsin, which includes a pumpkin farm, for $76 million. The acquisition is part of Microsoft's plans to build a data center campus in the area, with an initial employment of 200 people, potentially increasing to over 460. The property is adjacent to another plot Microsoft previously bought for $99.7 million. The deal concludes a period of uncertainty in the village after Foxconn (OTCPK: FXCOF) scaled back its $10 billion investment to $672 million.

Portfolio Pulse from Rounak Jain

December 23, 2023 | 5:48 pm

BYDDY

TSLA

BYD Co Ltd (OTC:BYDDY) is gaining attention as a strong competitor to Tesla Inc (NASDAQ:TSLA) in the electric vehicle market. BYD, which produces BEVs, PHEVs, and FCEVs, is close to surpassing Tesla's BEV sales, with a 70% year-over-year rise in vehicle sales. Despite similar operating profits, BYD's market cap is significantly lower than Tesla's, attributed to regional market differences. Over 90% of analysts rate BYD as a 'buy', and both companies are considered the only two investable EV companies by Future Fund Managing Partner Gary Black.

Portfolio Pulse from Anan Ashraf

December 23, 2023 | 5:26 pm

BTCUSD

ETHUSD

The anticipated launch of the spot Bitcoin ETF is expected to occur between January 5-10, 2024. The SEC's 'cash only' requirement has been met by ETF providers, clearing the way for the launch. QCP Capital warns of potential short-term volatility, suggesting a 'sell the news' scenario with Bitcoin possibly retracing to $36,000 before resuming its uptrend. Long-term, QCP remains bullish on Bitcoin. They advise experienced investors to consider strategic plays like selling covered calls and buying puts. Ethereum may temporarily lag behind Bitcoin but could benefit from future spot ETF developments.

Portfolio Pulse from Murtuza Merchant

December 23, 2023 | 3:02 pm

AAPL

ROKU

TSLA

USO

Stock indices marked their eighth consecutive week of gains, with the S&P 500, Dow, and Nasdaq all rising. Inflation measured by the PCE index fell to 2.5% in November, the lowest since March 2021, prompting economists to reconsider the Fed's rate plans for 2024. Bullish views included predictions for Apple and Tesla, a potential Bitcoin ETF approval, and a Dogecoin rally. Bearish perspectives involved a drop in oil prices following Angola's OPEC exit, a predicted 75% fall in Ethereum, and a downgrade of Roku by Seaport Research Partners.

Portfolio Pulse from Michael Cohen

December 23, 2023 | 2:50 pm

DKNG

PDYPY

The NFL playoffs picture remains unclear, with only a few teams qualified. A bettor won $125K on a Brock Purdy MVP bet. The LA Dodgers signed Shohei Ohtani and Yoshinobu Yamamoto, becoming the betting favorite. The Detroit Pistons are nearing an NBA record losing streak, with a bet on them not winning another game. A FanDuel bettor has a parlay on NFL awards with potential for a big payout.

Portfolio Pulse from Chris Katje

December 23, 2023 | 2:47 pm

AAPL

Apple Inc. (AAPL) is in talks with news and publishing firms for licensing deals worth $50 million to train its generative AI systems. The deals with firms like Condé Nast, NBC News, and IAC are part of Apple's efforts to compete in the generative AI space, where tech giants like Microsoft, OpenAI, Google, and Meta Platforms are active. Publishers' responses are mixed, with some concerned about licensing terms and legal liabilities, while others see potential for collaboration. The deals could provide a legal framework for using news content in AI training, amid industry concerns about copyright use by AI systems.

Portfolio Pulse from Ananya Gairola

December 23, 2023 | 8:10 am