Streetbeat News

Stock Prices

ADP

EQT

TSM

President Joe Biden proposed a tax overhaul targeting billionaires like Elon Musk and Jeff Bezos in his State of the Union address, aiming to invest in various sectors. Fed Chair Jerome Powell provided an optimistic outlook on the U.S. economy, anticipating strong growth and a robust labor market. Asia's emerging markets, led by TSMC and Samsung, are recovering, driven by tech stocks. Natural gas prices surged as EQT Corporation, the largest U.S. producer, cut output. Employment growth in February, as reported by ADP, missed forecasts, indicating a slowdown in the labor market.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:55 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

This week, the cryptocurrency market experienced significant volatility with Bitcoin, Ethereum, Dogecoin, and Shiba Inu at the center of attention. Bitcoin reached a record high before correcting by 7%, causing market-wide volatility. Dogecoin's market cap doubled, and its future looks bullish according to analyst Kaleo. Shiba Inu's lead developer hinted at a decentralized future, drawing parallels with the dot com era. Jim Cramer commented on the factors driving Bitcoin's rally, including spot Bitcoin ETFs and the halving event.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:48 am

GOOG

GOOGL

MSFT

This week in AI featured Sergey Brin's admission of flaws in Alphabet's Gemini image generator, Cathie Wood's warning of a chip stock correction, and Microsoft's AI tool controversy. Brin acknowledged inadequate testing of Gemini, while Wood predicted a semiconductor market correction due to supply chain improvements. Microsoft faced issues with its AI image generator producing inappropriate content. Additionally, Elon Musk humorously commented on AI chatbot ChatGPT amid Bitcoin's volatile week.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:39 am

AAPL

SPOT

Apple Inc. faced a busy week with a $14M 'Batterygate' settlement in Canada, the upcoming iPhone SE 4 launch, the iOS 17.4 update, a $1.95B EU fine in a Spotify antitrust case, and concerns over its China prospects after a 24% plunge in iPhone sales. Jim Cramer expressed concerns over Apple's future in China.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:36 am

AAPL

JPM

NVDA

TSLA

Barron's weekend stock picks include Nvidia, Tesla, and a mixed outlook on Apple. Nvidia experienced its largest market cap drop of $128 billion. Tesla's stock declined due to competition concerns and reduced delivery estimates. Boeing is linking employee bonuses to safety and quality metrics to address manufacturing problems. JPMorgan is outperforming amidst a struggling regional banking sector. Apple's stock price target is lowered due to sales challenges in China, though future prospects remain positive.

Portfolio Pulse from Justin Chan

March 10, 2024 | 1:02 am

ALK

Boeing Company (NYSE:BA) reported missing records for a critical component's elimination during the production of a 737 MAX 9, which malfunctioned mid-air. The National Transportation Safety Board (NTSB) found a door plug on an Alaska Air Group, Inc. (NYSE:ALK) 737 MAX 9 aircraft lacked essential bolts, leading to grounding by the FAA and a mandate for Boeing to address quality-control issues.

Portfolio Pulse from Nabaparna Bhattacharya

March 09, 2024 | 9:20 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares fell 5.55% on Friday, ending a six-session winning streak. Portfolio manager Jeff Kilburg warned of potential further downside, noting a significant market cap loss and a technical gap down to $625. Despite this, most tech analysts remain bullish on Nvidia, especially due to its dominant position in the AI market.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 6:15 pm

BTCUSD

Tom Lee of Fundstrat Global Advisors predicts a 119% surge in Bitcoin's value over the next 12 to 18 months, potentially exceeding $150,000. Key factors include demand from spot ETFs, the upcoming halving event, a dovish Federal Reserve, and easing regulatory pressures. Lee highlights a supply-demand imbalance, with significant inflows into spot Bitcoin ETFs like BlackRock's, which recently saw almost $800 million. Bitcoin is currently trading at $68,281.30, up nearly 10% in the last week.

Portfolio Pulse from Bibhu Pattnaik

March 09, 2024 | 4:11 pm

KARS

LCID

NIO

RIVN

TSLA

Tesla faced potential Q1 delivery misses and a production halt at its Berlin factory due to suspected arson, impacting its stock. Rivian saw a surge in pre-orders for its new R2 model. Nio is launching a Model Y rival with lower costs. Ford struggles with EV transition, focusing on hybrids. Lucid's price target was halved by RBC. The KraneShares Electric Vehicles ETF fell 3.68% for the week.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 2:16 pm

DOGEUSD

FLOKIUSD

SHIBUSD

Floki (CRYPTO: FLOKI) has surged nearly 70% in 24 hours, outpacing Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). This surge is attributed to anticipation of a major advertising campaign in Times Square. Floki's market cap has risen, positioning it in the 50th spot, with potential to enter the top 40. The campaign will run for three months starting March 15. Additionally, Floki's community approved burning 2% of its total tokens, further boosting its value.

Portfolio Pulse from Bibhu Pattnaik

March 09, 2024 | 1:57 pm