Streetbeat News

Stock Prices

MSFT

OpenAI CEO Sam Altman debunked rumors of a GPT 4.5 leak with a simple 'nah' on X (formerly Twitter). Speculations arose from social media posts showing potential features and pricing of GPT 4.5. Despite the rumors, details about the release of GPT 4.5 and GPT 5 remain unclear. OpenAI, which is backed by Microsoft Corporation (NASDAQ:MSFT), has also filed for trademarks for GPT-6 and GPT-7, indicating a focus on future developments.

Portfolio Pulse from Ananya Gairola

December 15, 2023 | 3:29 am

TSLA

Morgan Stanley analyst Adam Jonas commented on Tesla's recall of over 2 million vehicles, stating it will not have a cost impact due to it being a software update. He also mentioned delays in the release of Tesla's Full Self-Driving (FSD) version 12 and the departure of key AI executives. Despite these issues, Jonas remains bullish on Tesla, maintaining an overweight rating with a $380 price target, citing the company's diverse value streams and strong financials. Tesla shares closed up 4.9% on Thursday.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 3:08 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) saw gains following the Federal Reserve's indication of potential interest rate cuts. JPMorgan analysts predict ETH will outperform BTC due to an upcoming upgrade, while expressing skepticism about the impact of a potential BTC ETF approval by the SEC. The global crypto market cap increased by 4.49%, and the S&P 500 and Nasdaq also rose slightly. Analysts note significant capital inflows into BTC and ETH, and a shift in support and resistance for ETH, suggesting a positive trend.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 2:56 am

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly planning to incorporate OLED screens into its iPads and MacBooks, starting with iPads next year and an OLED MacBook by the second half of 2025. This move is expected to significantly impact the $150 billion display industry, benefiting OLED manufacturers like Samsung Display, LG Display, and BOE Technology Holding, while potentially threatening companies with limited OLED presence such as JDI, Sharp, AUO, and Innolux. Apple's shift to OLED could be a strategy to counteract declining sales in its Mac and iPad segments.

Portfolio Pulse from Benzinga Neuro

December 15, 2023 | 2:51 am

COST

LEN

MRNA

PFE

TSLA

The stock market saw gains with Dow Jones, S&P 500, and Nasdaq up. Costco's Q1 results beat expectations despite a stock dip. Pfizer's stock fell but has strong growth prospects with Seagen acquisition. Moderna's stock surged on positive cancer vaccine trial results. Lennar's stock rose after strong quarterly earnings. Tesla's stock increased, benefiting from a partnership with Uber.

Portfolio Pulse from Benzinga Neuro

December 15, 2023 | 2:34 am

GOOG

GOOGL

LMT

SpaceX's valuation has reached $180 billion in a recent tender offer, surpassing its previous $150 billion valuation and exceeding the market capitalizations of major companies like Boeing (BA) and Lockheed Martin (LMT). The company's rocket launches and Starlink are projected to generate $9 billion in revenue in 2023, with an estimate of $15 billion by 2024. SpaceX is now the second most valuable private company, behind ByteDance. Investors in SpaceX include Alphabet Inc (GOOG, GOOGL), Fidelity, and Baillie Gifford. Speculation about a potential IPO for SpaceX or its Starlink unit continues.

Portfolio Pulse from Chris Katje

December 14, 2023 | 11:49 pm

VAPO

Vapotherm, Inc. has been suspended from trading on the NYSE due to its failure to maintain the required average global market capitalization of at least $15 million over a consecutive 30 trading day period. The company's common stock is expected to begin trading on the OTCQX market following the suspension.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:31 pm

AIG

CRBG

Corebridge Financial (CRBG) intends to repurchase $150 million of its shares, with $135 million from AIG and $15 million from Blackstone. The transaction is set to close on December 18, 2023, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:29 pm

PAPL

Pineapple Financial has reported a 19% year-over-year decline in revenue for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:25 pm

LEN

Lennar Corporation (NYSE:LEN) reported Q4 earnings of $5.17 per share, beating estimates of $4.59, and sales of $10.97 billion, surpassing the $10.22 billion estimate. Home sales revenue grew 8% to $10.4 billion, with a 19% increase in home deliveries but a 9% decline in average sales price. The company has $6.3 billion in cash and equivalents and plans to allocate capital to reduce debt and increase share repurchases to $2 billion in 2024. Despite positive results, LEN shares dropped 3.16% after hours due to the lack of a full-year margin outlook and changing interest rate landscape.

Portfolio Pulse from Ryan Gustafson

December 14, 2023 | 11:18 pm