Streetbeat News

Stock Prices

GOLD

Barrick Gold Corporation (NYSE:GOLD) has restarted operations at the Porgera mine in Papua New Guinea, sharing 49% of the project with Zijin Mining Group. The mine, under care since 2020 due to a dispute, is expected to produce 21 tonnes of gold annually over 20 years. Barrick's stock underperformed gold prices, with only 2.2% gains compared to gold's 11% rise. The company also faces challenges in Tanzania with allegations of forced evictions at the North Mara mine, which Barrick denies.

Portfolio Pulse from Stjepan Kalinic

December 16, 2023 | 4:23 pm

AMZN

MRNA

NOK

NVDA

ROKU

Barron's weekend stock picks include Nokia, Roku, Nvidia, Amazon, and Moderna. Nokia's stock was downgraded by Citi, citing reduced sales and labeling it a 'value trap.' Roku's stock fell after analysts downgraded it due to rapid rise concerns and competition. Nvidia is recommended as a buy for its AI focus and upcoming products, despite a high stock value. Amazon is seen as a smart investment for its revenue growth potential, especially in cloud services. Moderna's stock jumped on positive cancer treatment trial results, suggesting improved survival rates with their therapy combined with Merck's Keytruda.

Portfolio Pulse from Justin Chan

December 16, 2023 | 3:26 pm

BMBL

GRND

Grindr Inc (NYSE:GRND) has announced a partnership with AI leader Ex-Human to enhance user experience on its dating app. The collaboration aims to integrate AI for networking and dating, with prototypes expected in 2024. Grindr, which went public in November 2022, has seen its shares rise over 60% YTD. The move reflects a broader trend of AI integration across various sectors, including online dating, where AI could help with match selection and social interactions.

Portfolio Pulse from Chris Katje

December 16, 2023 | 3:13 pm

BNBUSD

BONKUSD

An anonymous trader turned a $46,000 loss into a $4.4 million profit in one month by trading Bonk (CRYPTO: BONK) tokens. The profit was realized after Binance (CRYPTO: BNB) announced it would list Bonk, causing its value to surge. The story exemplifies the high volatility and potential for significant gains in the cryptocurrency market, with Bonk's price increasing by 27,792.30% from its all-time low.

Portfolio Pulse from Murtuza Merchant

December 16, 2023 | 3:05 pm

LCID

MSFT

XOM

The past week saw bullish sentiment in the stock market with the Dow Jones, Nasdaq-100, and S&P 500 showing gains. The Federal Reserve maintained interest rates, hinting at a peak and potential cuts in 2024. Bullish reports included Microsoft's options trading by Rep. Gottheimer, Lucid's production success in Saudi Arabia, and Dogecoin's potential rise. Bearish news covered SEC's crypto compliance warning, U.S. oil production's lack of impact on energy stocks, and JD.com's need for strategic changes.

Portfolio Pulse from Michael Cohen

December 16, 2023 | 3:00 pm

EWY

FXI

SPY

VGK

The White House has issued a stern warning that any nuclear attack by North Korea on the United States or its allies would be unacceptable and would lead to the termination of the Kim regime. This statement underscores the high stakes of nuclear diplomacy and the U.S. commitment to deterrence.

Portfolio Pulse from Charles Gross

December 16, 2023 | 2:30 pm

ARKK

COIN

GBTC

PINS

Cathie Wood's Ark Invest purchased 572,445 shares of Pinterest (PINS) worth $21.39 million, while continuing to sell shares of Coinbase (COIN) and Grayscale Bitcoin Trust (GBTC). Pinterest has been implementing efficiency measures, including layoffs and reducing office space, and reported strong Q3 results. Ark has been selling COIN and GBTC since July 11, despite a recovering cryptocurrency market. ARKK closed down 1.75% on Friday.

Portfolio Pulse from Shanthi Rexaline

December 16, 2023 | 2:24 pm

KZIA

Kazia Therapeutics has filed an F-3 form on Friday for a shelf registration, allowing a selling stockholder to potentially sell up to 591,697 American Depositary Shares (ADS).

Portfolio Pulse from Charles Gross

December 16, 2023 | 1:02 pm

BTC

QQQ

Crypto analyst Kaleo predicts Bitcoin (BTC) could reach new all-time highs by mid-2024, earlier than previously expected. Kaleo's analysis is based on Bitcoin's current upward trend and the strong performance of Invesco QQQ Trust. The potential approval of a Bitcoin ETF and other positive developments in the crypto space contribute to this optimistic outlook. Bitcoin's year-to-date performance has already outperformed major indexes and gold, driven by increased institutional involvement.

Portfolio Pulse from Ananya Gairola

December 16, 2023 | 10:30 am

TSLA

Morgan Stanley analyst Adam Jonas, a Tesla bull, highlighted Tesla's leadership in AI innovation following the unveiling of the new generation Optimus bot. The Gen 2 Optimus features improvements in speed, weight, and body control, including delicate object handling. Jonas emphasized the potential for Tesla's Dojo supercomputer in various markets and the significant addressable market for humanoid robots in the global labor market. Elon Musk responded humorously to Jonas's note. Tesla plans to use the bots in its factories before considering external sales, which may take 3-5 years.

Portfolio Pulse from Anan Ashraf

December 16, 2023 | 10:00 am