Streetbeat News

Stock Prices

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) is expected to report lower Q3 earnings at 96 cents per share compared to 99 cents per share a year ago, with projected revenue of $4.96 billion. The stock closed down 5.4% at $67.60. Analysts have recently adjusted their price targets and ratings, with Deutsche Bank downgrading to Hold and cutting the target from $79 to $71, Gordon Haskett upgrading to Buy, Goldman Sachs downgrading to Neutral and reducing the target from $75 to $73, Evercore ISI maintaining an In-Line rating and raising the target from $68 to $69, and B of A Securities maintaining a Buy rating but cutting the target from $85 to $80.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 6:46 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) is offering a free wall charger and up to $2000 installation credit with new R1T inventory purchases until Dec. 31. The charger, which is compatible with most EV models, provides up to 25 miles of range per hour and comes with a five-year warranty. This promotion aims to make it easier for customers to transition to electric vehicles and may attract buyers with the convenience of home charging and shorter delivery times for inventory vehicles compared to custom orders.

Portfolio Pulse from Anan Ashraf

November 17, 2023 | 6:07 am

BTCUSD

Do Kwon, founder of Terraform Labs, failed to overturn his passport fraud conviction in Montenegro. Kwon and associate Han Chang-joon were sentenced to four months in prison for document falsification. Montenegro's court upheld the verdict, and Kwon faces potential extradition to the U.S. or South Korea for charges related to the TerraUSD and Luna collapse. Terraform Labs continues to operate despite Kwon's legal issues. Bitcoin and Terra Classic's prices have fallen in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 17, 2023 | 5:20 am

BTCUSD

Snoop Dogg has announced his decision to quit smoking marijuana, prompting Polymarket to open a bet on whether he will smoke within 2023. The bet has attracted attention, with odds fluctuating and a 73% chance at one point that Snoop would not maintain his abstinence. The outcome of the bet hinges on the definition of 'smoke' and will be determined by UMA's DeFi oracle network based on Snoop Dogg's statements or credible reporting. Meanwhile, Bitcoin is down 2.33% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 17, 2023 | 4:53 am

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management, criticized Elon Musk for not acting in Tesla's best interest due to his promotion of an anti-Semitic comment on Twitter. Despite holding 420,000 shares of Tesla, Gerber is concerned about Musk's behavior damaging the brand. IBM has halted ads on Twitter following Musk's controversial comments. Calls for Musk's resignation from his roles, including as Tesla's CEO, have been made by tech executives like Dustin Moskovitz.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 3:55 am

BTCUSD

DOGEUSD

ETHUSD

Dogecoin (DOGE) has seen a 5% increase in value following an announcement by Astrobotic, a space robotics company, that it plans to send a physical representation of DOGE to the moon aboard the Peregrine Lunar Lander. This mission, funded by the Dogecoin community in 2015, is set to launch on 12/23/2023 using ULA's Vulcan Centaur Rocket. The increase in Dogecoin's value contrasts with the flat performance of other leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Dogecoin's surge is supported by $665M in on-chain transaction volume, the highest in three months, and an increase in DOGE long positions.

Portfolio Pulse from Mehab Qureshi

November 17, 2023 | 3:40 am

BTC-USD

DOGE-USD

ETH-USD

The cryptocurrency market saw a decline with Bitcoin, Ethereum, and Dogecoin experiencing volatility. Bitcoin dropped by 2.65%, Ethereum by 3.75%, while Dogecoin rose by 5.47%. Approximately $340 million of leveraged crypto positions were liquidated in two days. The U.S. Dollar Index fell, reaching its lowest since September. The SEC's delay in deciding on a spot BTC ETF is believed to disrupt market momentum. Analysts predict Bitcoin's new highs are imminent and suggest buying the dips. The global crypto market cap increased by 4.99% over 24 hours. The Dow Jones closed slightly down, while the S&P 500 and Nasdaq saw marginal increases.

Portfolio Pulse from Mehab Qureshi

November 17, 2023 | 3:06 am

AAPL

IBM

ORCL

IBM Corp. (NYSE:IBM) has suspended advertising on the social media platform X after a report by Media Matters for America revealed that IBM's ads were shown next to antisemitic content. Other companies, including Apple Inc. (NASDAQ:AAPL), Bravo, Oracle Corp. (NYSE:ORCL), and Xfinity, were also found to have ads next to similar content. X, formerly known as Twitter, is under scrutiny as advocacy groups report an increase in controversial content since Elon Musk's acquisition. X's CEO is working to regain advertisers, and the platform has stated that the antisemitic content will not be monetized and will be flagged.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 2:26 am

AMAT

BABA

GPS

TSLA

WMT

U.S. stock indices showed mixed results with the Dow Jones slightly down, Nasdaq up, and S&P 500 also rising. Applied Materials (AMAT) reported strong Q4 results, beating estimates. Alibaba (BABA) saw its stock drop despite earnings per ADS beating consensus. Walmart (WMT) reported a 5.2% sales growth in Q3 FY24 but experienced a stock decline. Gap (GPS) exceeded earnings expectations but its stock decreased. Tesla (TSLA) shares fell, aligning with recent market trends and CPI data.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 2:08 am

TSLA

Elon Musk is facing criticism and calls for his resignation from Tesla (NASDAQ:TSLA) by Facebook co-founder Dustin Moskovitz due to Musk's endorsement of an antisemitic post. The controversy has led to negative reactions from public figures and investors, with Tesla investor Ross Gerber stating he would switch his Model Y for a Rivian vehicle. Musk defended his comments, which has further fueled the debate over his views on free speech and his influence on social media platforms.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 12:48 am