Streetbeat News

Products Services

SHOP

Shopify's stock is experiencing an uptick following reports that the company plans to increase the price of its Plus plan. This move is seen as a potential revenue booster for Shopify, reflecting positively on its financial outlook.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:03 pm

META

SNAP

Snap CEO Evan Spiegel emphasized Snapchat's differentiation from traditional social media, aiming to attract more advertisers by highlighting its creative, expressive features and brand-safe environment. Despite recent stock price decline following mixed quarterly results and cautious guidance, Spiegel is optimistic about revenue growth, citing a 90% year-over-year increase in purchase-related conversions and growth among small and medium-sized advertisers.

Portfolio Pulse from Erica Kollmann

February 08, 2024 | 8:03 pm

ADVM

FDMT

RGNX

Adverum Biotechnologies Inc (NASDAQ:ADVM) reported preliminary safety and efficacy data from its LUNA Phase 2 trial for wet age-related macular degeneration, showing no serious adverse events and significant reduction in treatment burden. Despite positive data, ADVM shares dropped 20.60% to $2.23. The company also announced a $127.5 million private placement expected to fund operations into late 2025. Rivals 4D Molecular Therapeutics (NASDAQ:FDMT) and Regenxbio Inc (NASDAQ:RGNX) also released data on their wet AMD therapies earlier in the week.

Portfolio Pulse from Vandana Singh

February 08, 2024 | 7:59 pm

MRNA

Traders are focusing on Moderna following analyst comments suggesting that the efficacy of its RSV vaccine, based on new long-term data and follow-up from the Phase III mRNA-1345 trial at ReSViNET, is declining faster than those developed by GSK and Pfizer.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:52 pm

ARKK

PINS

SARK

TARK

Pinterest, Inc (NYSE:PINS) is anticipated to release its Q4 earnings after market close on Thursday, with expectations set for an EPS of 51 cents on revenues of $989.53 million. The stock has shown strong performance since its Q3 earnings beat, with technical analysis suggesting a potential uptrend continuation. Keybanc analyst Justin Patterson has given Pinterest an Overweight rating with a price target of $48. For diversification, investors might consider the AXS 2X Innovation ETF (NASDAQ:TARK) or the AXS Short Innovation Daily ETF (NASDAQ:SARK), both related to the performance of ARK Innovation ETF (NYSE:ARKK), which holds Pinterest stock.

Portfolio Pulse from Melanie Schaffer

February 08, 2024 | 7:46 pm

GME

MSFT

SONY

A tweet from GameStop about an Xbox demo day led to widespread speculation about the future of the Xbox brand, including rumors of Xbox exclusives coming to PlayStation and potential changes to Microsoft's subscription services. The tweet, which was later deleted, mentioned 'Microsoft Game Pass,' fueling theories about the Xbox brand's direction. This incident has heightened sensitivity and apprehension within the gaming community, amidst rumors and uncertainty about Xbox's future.

Portfolio Pulse from Franca Quarneti

February 08, 2024 | 7:41 pm

F

TSLA

Tesla Inc (NASDAQ:TSLA) is showcasing the Cybertruck, along with its Model 3, Model Y, and Model X at the Chicago Auto Show, marking its first participation with electric vehicles at this event. The show will feature an indoor EV test track, with Tesla participating but not including the Cybertruck in the indoor track rides. Over one million people have reserved the Cybertruck, indicating high public interest. Ford Motor Company (NYSE:F) will also be present, offering test drives of its F-150 Lightning, a competitor to the Cybertruck.

Portfolio Pulse from Chris Katje

February 08, 2024 | 6:52 pm

PLNHF

Las Vegas Cannabis Weddings has offered Taylor Swift and Travis Kelce a free cannabis-themed wedding at Planet 13 Holdings Inc's (OTC:PLNHF) dispensary during Super Bowl LVIII weekend. The offer aims to capitalize on the couple's popularity and the event's high profile. Additionally, the first 100 couples to sign up if the Kansas City Chiefs win can get married for $87, reflecting Kelce's jersey number. Competitor Little White Chapel is also offering free weddings to Super Bowl players and staff.

Portfolio Pulse from Maureen Meehan

February 08, 2024 | 6:26 pm

S

Recent options trading activity for SentinelOne (NYSE:S) indicates a bearish stance by significant investors, with a split sentiment of 42% bullish and 57% bearish. The trading activity suggests a target price range of $27.5 to $40.0. SentinelOne, a cloud-based cybersecurity company, saw its stock price slightly up at $28.26. Analyst ratings from Citigroup and BTIG offer mixed views, with target prices of $25 and $30, respectively.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:16 pm

ISRG

Recent options market activity indicates a bearish sentiment towards Intuitive Surgical (NASDAQ:ISRG), with a significant majority of trades being puts. The targeted price range for ISRG by whales is between $380.0 and $410.0. Despite this, expert analysts have set higher average target prices, suggesting a bullish outlook on the stock. Intuitive Surgical's current trading volume is 326,372, with a slight price decrease of -0.35%, and its stock price stands at $390.0. The company is a leader in robotic-assisted minimally invasive surgery, with a substantial global installation base of its da Vinci systems.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:16 pm