Streetbeat News

Stock Prices

AAPL

AMZN

GOOGL

MUSQ

SONY

SPOT

Apple Inc's (AAPL) stock surged over 2.5% on Tuesday, contributing to the S&P 500's stability despite Moody's downgrade of China's credit outlook. Technical analysis suggests AAPL could reach new highs if a Santa Rally occurs. The MUSQ Global Music Industry ETF (MUSQ), which holds AAPL, is also showing a bullish pattern. Apple's services division, including Apple Music, reported strong Q4 earnings. The music streaming industry is booming, with a projected value of $151.4 billion by 2030. MUSQ seeks to capitalize on this growth, with top holdings including AMZN, AAPL, GOOGL, SONY, and SPOT.

Portfolio Pulse from Melanie Schaffer

December 05, 2023 | 5:27 pm

KEY

KeyCorp shares are trading lower following the company's issuance of weak Q4 guidance. Concurrently, RBC Capital has maintained an Outperform rating on KeyCorp but reduced its price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:23 pm

CHTR

During a conference call, Charter Communications acknowledged potential challenges in internet customer growth, including the possibility of negative net additions in Q4. The company cited short-term issues such as carryover churn related to Disney and rate impacts.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:22 pm

MA

BMO Capital analyst Rufus Hone has initiated coverage on Mastercard (NYSE:MA) with an Outperform rating and set a price target of $475.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:19 pm

JBLU

SAVE

Closing arguments in the antitrust case between JetBlue Airways and Spirit Airlines over their proposed merger were presented, with the Justice Department seeking to block the deal. The case, heard by U.S. District Court Judge William Young, marks a more aggressive stance on antitrust enforcement by the Biden administration. JetBlue contends the merger would create a stronger competitor to the top four U.S. carriers, while the Justice Department argues it would harm consumers by reducing competition. JetBlue has offered $33.50 per share for Spirit, valuing the deal at $3.8 billion, and has promised to give up gates at certain airports. The outcome of the case could have significant implications for the airline industry, which has seen consolidation over the years.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:18 pm

COIN

Coinbase shares (COIN) are experiencing an uptick due to a surge in Bitcoin prices, positively affecting crypto-related stocks. Needham has also increased its price target for Coinbase from $120 to $160, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:17 pm

ALB

Albemarle Corporation's stock (ALB) trades lower following a downgrade by Piper Sandler from Neutral to Underweight, with a reduced price target from $140 to $128.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:16 pm

AVGO

Whales have shown a bearish sentiment towards Broadcom (NASDAQ:AVGO), with options activity indicating a focus on a price range between $560 and $1200 over the last three months. The volume and open interest for AVGO options are notably high, with a mix of bullish and bearish trades. The stock is currently trading at $911.93, down by -1.3%, with an RSI indicating a neutral position. Analysts have given mixed reviews, with price targets ranging from $1000 to $1200. Earnings are expected to be announced in 2 days.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:16 pm

SLG

BMO Capital analyst John Kim has maintained a 'Market Perform' rating on SL Green Realty (NYSE:SLG) and increased the price target from $34 to $44.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:16 pm

CLSK

MSTR

RIOT

Crypto-related stocks and miners are experiencing an uptick in their share prices due to the ongoing rally in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:16 pm