Streetbeat News

Products Services

BABA

NVDA

Alibaba has partnered with Nvidia to enhance AI capabilities in autonomous driving, integrating Alibaba's Qwen LLMs with Nvidia's Drive AGX Orin platform. This collaboration positions Alibaba at the forefront of automotive AI technology. The People's Bank of China's recent interest rate cuts have boosted investor confidence, contributing to a rally in Chinese stocks, including Alibaba. Technical indicators show bullish momentum for Alibaba's stock, though caution is advised as it approaches overbought territory.

Portfolio Pulse from Surbhi Jain

September 24, 2024 | 2:19 pm

TDOC

Lawmakers are drafting a bill to extend telehealth providers' ability to prescribe controlled substances, such as stimulants for ADHD and buprenorphine for opioid addiction, beyond the pandemic-era waivers set to expire at year-end. This move aims to maintain patient access to essential medications.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:17 pm

MU

Micron Technology, Inc. (NASDAQ:MU) is set to release its Q4 earnings, with analysts expecting a significant improvement in earnings and revenue compared to last year. The company recently expanded its product line with the Crucial P310 SSD. Analysts have revised their price targets for Micron, maintaining positive ratings but lowering expectations.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 2:15 pm

NVO

Novo Nordisk CEO Lars Jorgensen testified before the Senate regarding the pricing of weight loss drugs. This event could impact Novo Nordisk's stock as it may influence regulatory and public perception of the company's pricing strategies.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:06 pm

CAPR

Capricor Therapeutics Inc (NASDAQ:CAPR) shares surged after announcing plans to file a biologics license application for Deramiocel, targeting Duchenne muscular dystrophy cardiomyopathy. The stock has gained over 55% in a week, bolstered by a European expansion deal and positive analyst ratings.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 2:05 pm

BZ

LBRDA

NIO

TSLA

WVE

Several US-listed stocks saw significant gains on Tuesday. Wave Life Sciences surged 37.9% after positive interim data from a study. Chinese stocks like Kanzhun, Bilibili, and NIO rose due to a new stimulus package from China's Central Bank. Tesla gained 2.5% on strong vehicle registration data from China.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 1:59 pm

AAPL

AMZN

GOOGL

META

MSFT

Needham analyst Laura Martin reiterated a buy rating on Apple Inc (AAPL) with a $260 price target, highlighting the iPhone's significant contribution to Apple's projected 2025 revenue. The analyst contrasts Apple's strategy with other tech giants like Amazon, Alphabet, Microsoft, and Meta, which are heavily investing in AI without visible revenue upside. Apple's focus on its installed base and share repurchases is seen as a safer investment.

Portfolio Pulse from Anusuya Lahiri

September 24, 2024 | 1:55 pm

CAT

Caterpillar (NYSE:CAT) has seen a surge in options activity, with significant interest from large investors. The options activity is divided, with 44% bullish and 33% bearish sentiment. The focus is on a price range of $350 to $420. CAT's stock price is up 3.06% to $382.51, and the next earnings report is due in 35 days.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 1:46 pm

ZVRA

Zevra Therapeutics shares rose after announcing positive Phase 2 trial results for KP1077 in idiopathic hypersomnia. Maxim Group and Roth MKM raised price targets, and JMP Securities initiated coverage with a Market Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:45 pm

LC

QFIN

The People's Bank of China has announced significant stimulus measures to boost the Chinese economy and stock market, including rate cuts and liquidity support. Qifu Technology, Inc. (NASDAQ:QFIN), a Chinese lending platform, is expected to benefit from these measures.

Portfolio Pulse from David Pinsen

September 24, 2024 | 1:40 pm