Streetbeat News

Products Services

SHIBUSD

Shiba Inu (CRYPTO: SHIB) burn rate has surged 800%, with millions of coins burned, driving positive market sentiment and a 4.5% price increase. Kraken Pro listed SHIB for new margin pairs, amid broader interest in meme coins and their market impact. The SHIB community's commitment is highlighted by the holding of 733.6 trillion SHIB coins across 653,530 addresses, remaining profitable despite price fluctuations.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 6:20 pm

MDB

Recent options market activity indicates a bearish sentiment towards MongoDB (NASDAQ:MDB), with a significant portion of trades being puts. The options trading suggests a target price range of $270.0 to $500.0 for MongoDB. Current trading volume and price show a positive trend, with the stock up by 2.98% at $374.0. Analysts have a mixed outlook, with an average price target of $450.0, though some have downgraded their ratings. MongoDB's database services continue to attract a large user base, indicating a strong market position.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:17 pm

NFLX

Whales have shown a bullish stance on Netflix (NASDAQ:NFLX), with significant options trading activity indicating a targeted price range of $360 to $1100. Analysis of 47 trades reveals a mix of bullish and bearish expectations, with a higher volume in calls over puts. Noteworthy options activity includes trades with varying sentiments and expiration dates. Netflix's business model focuses on its streaming service, with a vast subscriber base and recent entry into ad-supported plans. The stock is currently up 2.1%, with analysts giving mixed reviews and target prices ranging from $440 to $800.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:17 pm

BTCUSD

The SEC has postponed its decision on the 7RCC Spot Bitcoin and Carbon Credit Futures ETF until June 24, 2024, for further review. This ETF aims to allocate 80% to Bitcoin and 20% to carbon credit futures, reflecting a novel diversification strategy. The delay highlights the SEC's cautious stance on innovative ETFs combining digital assets with environmental financial instruments.

Portfolio Pulse from Murtuza Merchant

May 03, 2024 | 6:09 pm

FYBR

RSPC

XTL

Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a 1.5% year-on-year revenue growth to $1.46 billion, beating analyst estimates. EPS was $0.00, surpassing the expected loss. Growth was driven by fiber-based products and an 18% increase in fiber broadband customers. The company also reiterated its FY24 EBITDA outlook of $2.20 billion to $2.25 billion. FYBR shares rose 7.29% to $25.75. The stock is also part of Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC) and SPDR S&P Telecom ETF (NYSE:XTL).

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 5:56 pm

F

GM

TSLA

The U.S. Department of the Treasury and IRS released final rules on the clean vehicle provisions of the Inflation Reduction Act, aiming to lower consumer costs, boost U.S. manufacturing in batteries and clean vehicles, and strengthen energy security. The rules include up to $7,500 in credits for new clean vehicles and up to $4,000 for previously-owned clean vehicles, with over $700 million in upfront savings for consumers so far. The regulations also detail critical mineral content requirements and restrictions on Foreign Entities of Concern to ensure supply chain resilience.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:44 pm

C

GS

IYF

JPM

MS

XLF

JPMorgan Chase & Co has unveiled IndexGPT, a new AI tool developed using OpenAI's GPT-4 model for creating thematic investment baskets. This tool identifies companies related to emerging trends like cloud computing and e-sports. The launch signifies a shift towards AI-driven investment strategies. Other major banks like Morgan Stanley, Goldman Sachs, and Citigroup are also exploring AI applications. Despite a recent decline in interest for thematic funds, IndexGPT aims to enhance thematic representation and targets institutional clients. JPMorgan's stock is currently trading lower by 0.57% at $190.57.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 5:43 pm

AAPL

Apple Inc (NASDAQ:AAPL) reported Q2 financial results surpassing Street estimates, leading to positive analyst reactions. The company announced updated guidance, an increased dividend, and a $110 billion buyback. Analysts highlighted the potential of artificial intelligence (AI) to drive an upgrade cycle, especially within iPhone sales, and noted Apple's strong performance in China and its services segment. Opinions on Apple's AI strategy and its impact on future product cycles varied among analysts.

Portfolio Pulse from Chris Katje

May 03, 2024 | 5:37 pm

CHDN

The 150th Kentucky Derby features Fierceness aiming to break the No. 17 post position jinx, with a positive atmosphere as controversial issues from previous years have subsided. Sierra Leone, the 2024 Blue Grass winner, and Fierceness, the Florida Derby victor, are among the favorites. Stronghold, with a strong record and a win at Churchill Downs, is considered a potential dark horse. The industry looks forward to potentially ending a five-year Triple Crown drought.

Portfolio Pulse from Joel Elconin

May 03, 2024 | 5:21 pm

CURLF

GTBIF

TCNNF

Michael Berger, a cannabis stock expert at Benzinga, highlights the burgeoning opportunities in the cannabis sector, spurred by the DEA's decision to reclassify marijuana to Schedule III, signaling a bullish outlook for cannabis stocks. Berger emphasizes the importance of cautious investment in this volatile market, recommending a diversified approach and focusing on U.S. cannabis companies like Green Thumb Industries, Trulieve Cannabis, and Curaleaf Holdings, which exhibit strong financial metrics such as free cash flow, net income, and adjusted EBITDA.

Portfolio Pulse from Jelena Martinovic

May 03, 2024 | 5:17 pm