Streetbeat News

Products Services

BABA

BIDU

CMG

SBUX

WMT

Recent economic data has eased recession fears, reducing the likelihood of large rate cuts by the Federal Reserve and boosting investor confidence. The S&P 500 and Nasdaq 100 indices saw their strongest week since October 2023. Inflation is decelerating, jobless claims rose less than expected, and retail sales surged. Starbucks gained $15 billion in market value while Chipotle lost $7 billion following a CEO move. Walmart's earnings exceeded expectations, and Michael Burry increased his stakes in Chinese tech companies.

Portfolio Pulse from Piero Cingari

August 16, 2024 | 8:16 pm

CMND

Clearmind Medicine Inc. (NASDAQ:CMND) has submitted an international patent application for generation 3.0 psychedelic compounds to treat mental disorders, in collaboration with Yissum Research Development Company of the Hebrew University of Jerusalem.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:15 pm

ARCH

BTU

COAL

FAN

HCC

ICLN

TAN

TSLA

The article discusses the contrasting fortunes of the coal and clean energy sectors. The First Trust Global Wind Energy ETF (FAN) has seen gains, while the coal industry faces setbacks despite some continued global demand. The Range Global Coal Index ETF (COAL) was launched this year, showing modest gains. Major coal companies like Peabody Energy (BTU) and Arch Resources (ARCH) have had mixed performances. Clean energy ETFs like iShares Global Clean Energy (ICLN) and Invesco Solar (TAN) have struggled, while Tesla (TSLA) might be poised for a rebound.

Portfolio Pulse from Natan Ponieman

August 16, 2024 | 8:14 pm

MSTR

Cryptocurrency markets are rallying despite challenging conditions, with Bitcoin, Ethereum, and Dogecoin seeing notable gains. Analysts have mixed feelings about the market's direction, but some believe Bitcoin will thrive regardless of political outcomes. Notable developments include the launch of 5ire's mainnet and the introduction of MSTX, a leveraged ETF for MicroStrategy stock.

Portfolio Pulse from Ivan Crnogatić

August 16, 2024 | 8:00 pm

MSFT

Activision Publishing, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), has issued a cease and desist order to halt the release of the H2M mod for Call of Duty: Modern Warfare 2. The mod, which aimed to revitalize the game's multiplayer component, was canceled just before its scheduled release, leading to disappointment and frustration within the gaming community.

Portfolio Pulse from Franca Quarneti

August 16, 2024 | 7:50 pm

J.D. Vance's campaign plane, a chartered 737, was forced to make an emergency landing due to a malfunction with its main cabin door. The plane returned to Milwaukee, where Donald Trump's running mate had appeared earlier with local police officers.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:46 pm

DHI

LEN

PBJ

SPY

XHB

Vice President Kamala Harris outlined her plan to lower costs for middle-class Americans, focusing on food, home ownership, and healthcare. She criticized Donald Trump's tax plan, which she claims will increase costs for essential goods. Harris emphasized her commitment to building an 'opportunity economy' and targeting 'bad actors' in the food industry. She also proposed building three million new homes and restoring tax cuts for the middle class.

Portfolio Pulse from Chris Katje

August 16, 2024 | 7:37 pm

PANW

Analysts expect Palo Alto Networks Inc (NASDAQ:PANW) to report Q4 earnings per share of $1.41 on revenue of $2.162 billion. Wedbush maintains an Outperform rating with a $375 price target, citing the company's platformization strategy as a key growth driver. Despite near-term challenges, PANW is seen as a top cybersecurity pick for the next 12-18 months.

Portfolio Pulse from Henry Khederian

August 16, 2024 | 7:28 pm

BHP

The union at the Escondida mine has accepted a new contract offer from BHP, with strong backing from its members. This development is significant for BHP as it ensures continued operations at the world's largest copper mine.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:28 pm

AAPL

Apple is reportedly working on a new project involving a robot arm with an attached iPad, with several hundred employees dedicated to the development. This could signal a new product line and innovation in Apple's hardware offerings.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:18 pm