Streetbeat News

Stock Prices

QQQ

SPY

'Rich Dad Poor Dad' author Robert Kiyosaki has warned of an impending economic crash that could turn into a depression. He criticized the idea of a 'soft landing' and urged Americans to vote for conservative candidates to avoid turning the USA into a 'Marxists state.' Despite his warnings, the U.S. is experiencing deflation, and some experts predict inflation could return to the Federal Reserve's 2% target by next year. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust Series 1 (QQQ) closed slightly lower on Wednesday but have seen significant gains this year.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 6:51 am

LAKE

Lakeland Industries (NASDAQ:LAKE) reported Q3 earnings of $0.34 per share, surpassing the consensus estimate of $0.27 by 25.93%, and marking a 78.95% increase from the previous year. Sales reached $31.68M, exceeding estimates of $30.90M by 2.52% and showing an 11.59% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:49 am

ARKF

ARKK

ARKW

COIN

PATH

PLTR

TOST

Cathie Wood's Ark Invest has purchased over $27 million worth of Palantir Technologies Inc (PLTR) shares, demonstrating confidence in the data analytics company despite its recent stock decline. The shares were bought through ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF). Additionally, Ark Invest increased its stake in Toast Inc (TOST) and reduced its holdings in Coinbase Global Inc (COIN) and UiPath Inc (PATH).

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 6:34 am

Dollar General Corporation (NYSE:DG) is expected to report Q3 fiscal 2023 earnings of $1.19 per share, down from $2.33 per share a year ago, with revenue estimated at $9.65 billion. The company appointed Todd Vasos as new CEO and updated its FY23 financial guidance in October. Ahead of the earnings call, analysts have revised their price targets and ratings for DG, with mixed adjustments reflecting a cautious outlook. DG shares rose 0.4% to close at $133.92 on Wednesday.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 6:12 am

TSLA

New Street Research analyst Pierre Ferragu expressed concern over automakers' share buybacks, comparing it to BlackBerry's strategy in the late 2000s, which preceded its decline. General Motors Co (NYSE:GM) recently announced a $10 billion share buyback. Tesla Inc CEO Elon Musk responded to Ferragu's comment with a 'Yes,' acknowledging the comparison. Previously, Tesla was likened to BlackBerry by GLJ Research analyst Gordon Johnson, who predicted Tesla's valuation could implode due to increasing competition.

Portfolio Pulse from Anan Ashraf

December 07, 2023 | 5:51 am

FXI

China's year-over-year exports for November showed an unexpected increase of 0.5%, surpassing the estimated decline of -1.1% and improving significantly from the -6.4% figure reported previously.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:44 am

SHIBUSD

The Shiba Inu token (CRYPTO: SHIB) burn rate has surged by over 800%, with 10 million SHIB tokens removed from circulation in a single day. This increase is linked to a spike in activity on the Shibarium network, which recorded 7.84 million transactions in one day and has surpassed 30 million transactions in total. The network's scaling has led to higher gas fees, reaching up to 783 Gwei. Despite delays in the Shibarium launch, SHIB's price has risen by 2.78% in the last 24 hours to $0.0000097.

Portfolio Pulse from Mehab Qureshi

December 07, 2023 | 5:42 am

AMD

AVGO

CHWY

MLGO

TSLA

On Wednesday, U.S. stocks saw a decline, with the Dow Jones, NASDAQ, and S&P 500 all falling. MicroAlgo Inc. experienced a significant surge of 295.87% after announcing a collaboration to support semiconductor industry growth. AMD's stock slightly declined despite introducing a new AI chip. Chewy's shares rose after an earnings report showing mixed results but market share gains. Broadcom's stock decreased slightly ahead of an expected strong earnings report. Tesla saw a marginal increase in stock price despite a drop in U.K. vehicle registrations.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 4:51 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies showed mixed performance with Bitcoin slightly up, Ethereum down, and Dogecoin up after the release of U.S. jobs data. The market is optimistic about the potential approval of spot Bitcoin ETFs and the upcoming BTC mining reward halving. Binance's CZ pleaded guilty to violating the Bank Secrecy Act. U.S. stocks declined as investors processed inflation data and awaited the jobs report. Analysts predict Bitcoin could reach $47K, advising investors to take profits and buy corrections. The global crypto market cap increased by 1.18% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 07, 2023 | 3:29 am

DIS

DKNG

Florida State's exclusion from the NCAA Football Playoff despite a perfect 13-0 record has sparked controversy, with Florida Governor Ron DeSantis threatening to sue the Selection Committee using $1 million from the state budget. Political figures and former President Donald Trump have weighed in, criticizing the decision. Florida State will now face Georgia in the Orange Bowl, with current betting odds from DraftKings showing Florida State as a significant underdog.

Portfolio Pulse from Chris Katje

December 07, 2023 | 12:09 am