Streetbeat News

Stock Prices

AMD

Advanced Micro Devices (AMD) shares are trading higher following an upgrade by Melius Research, which maintained a Buy rating and increased the price target from $192 to $265. The rise in AMD's stock is also attributed to the general strength observed in the semiconductor sector.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:56 pm

DOGEUSD

PEPEUSD

SHIBUSD

WIFUSD

Dogwifhat (CRYPTO: WIF) has seen a remarkable surge, with its price increasing by 32% in a day, 118% weekly, and nearly 1,200% monthly, reaching new all-time highs and outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). A developer's early sale of WIF missed out on potential gains of $700 million. Dogwifhat now ranks third among meme coins by market cap, recently surpassing the $2 mark and achieving a $2.3 billion valuation. It aims to reach Pepe's (CRYPTO: PEPE) $3.5 billion valuation next.

Portfolio Pulse from Khyathi Dalal

March 08, 2024 | 3:56 pm

SMH

SNAP

SPY

Market indexes saw gains after the release of February jobs data, with semiconductor stocks continuing their upward trend. Snap Inc. shares also experienced a rise following the US House Committee's approval of a bill aimed at cracking down on TikTok.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:55 pm

NET

Cloudflare, Inc. (NYSE:NET) shares are rising due to the company's announcement of aggressive investment plans in the Middle East, including a new office in Dubai Internet City and team expansions. This move comes after observing a significant increase in Internet usage and cyber threats in the region during Q4 2023. Cloudflare's efforts in the Middle East since 2015 aim to enhance regional infrastructure, partnerships, and customer success.

Portfolio Pulse from Nabaparna Bhattacharya

March 08, 2024 | 3:54 pm

BTCUSD

IBIT

Bitcoin (BTC) has surpassed the $70,000 mark, setting a new all-time high and reflecting increased acceptance and resilience amidst economic uncertainties. Factors contributing to this surge include institutional investment, mainstream adoption, and the introduction of Bitcoin ETFs like BlackRock's IBIT. Experts predict continued growth, driven by capital inflows into ETFs, upcoming legislation on stablecoins, and the anticipated Bitcoin halving in 2024.

Portfolio Pulse from Murtuza Merchant

March 08, 2024 | 3:48 pm

AVGO

MDB

META

MRVL

NVDA

QQQ

SPY

TSLA

The Jobs Report, showing mixed signals, has given ammunition to both bulls and bears in the stock market. SPDR S&P 500 ETF Trust (SPY) indicates a potential upside breakout. AI stocks like Broadcom Inc (AVGO), Marvell Technology Inc (MRVL), and MongoDB Inc (MDB) reported earnings below expectations but continue to be favored by momentum investors. Early trade money flows are positive for NVIDIA Corp (NVDA), Meta Platforms Inc (META), and Tesla Inc (TSLA), neutral for Apple Inc (AAPL), Microsoft Corp (MSFT), Amazon.com Inc (AMZN), and Alphabet Inc Class C (GOOG), and mixed for SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). The article also highlights buying in gold and oil, with SPDR Gold Trust (GLD) and United States Oil ETF (USO) as the most popular ETFs for these commodities. Bitcoin (BTC) is seeing buying on speculation of a price run.

Portfolio Pulse from The Arora Report

March 08, 2024 | 3:47 pm

RIVN

Rivian's stock price increased following the unveiling of its new R2 SUV and R3 crossover models on Thursday.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:43 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares rose after unveiling the R2 SUV and R3 crossover. The R2, starting at $45,000 with over 300 miles range, is set to compete with Tesla's Model Y, with deliveries beginning in the first half of 2026. Production will occur at Rivian's Illinois plant, saving over $2.25 billion. Analysts have a mixed outlook on RIVN, with an average 12-month price target of $17.38, suggesting potential upside. Shares are currently up 7.6% at $13.46.

Portfolio Pulse from Erica Kollmann

March 08, 2024 | 3:41 pm

EBAY

eBay Inc (NASDAQ:EBAY) reported a Q4 earnings beat with EPS at $1.07 and revenue at $2.56 billion, exceeding estimates. The stock experienced a Golden Cross, a bullish technical signal, as its 50-day SMA crossed over the 200-day SMA. Despite a year of modest movement, eBay's stock is up 16.4% YTD, attributed to gains since mid-February. Analysts are divided on eBay, with a consensus rating of Neutral and a price target of $46.84. The company's performance and the Golden Cross signal potential bullish momentum, but investors are advised to also consider fundamental analysis.

Portfolio Pulse from Surbhi Jain

March 08, 2024 | 3:39 pm

ARWR

Arrowhead Pharmaceuticals has begun its Phase 1/2a study of ARO-DM1, aimed at treating type 1 myotonic dystrophy, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:36 pm