Streetbeat News

Stock Prices

MA

Mastercard's stock price dropped by 5% following its Q3 earnings report, despite surpassing analyst expectations with earnings of $3.39 per share against an estimated $3.21. The stock has since recovered by 4% after finding support at $359. Over the past decade, Mastercard's stock has grown by 428%, and despite recent fluctuations, the overall trend remains bullish.

Portfolio Pulse from Zaheer Anwari

November 01, 2023 | 1:30 pm

NFLX

Netflix's ad-supported subscription tier has reached 15 million monthly active users, up from 5 million in May. The company has not disclosed how many of its 247 million global subscribers are on this tier. The introduction of advertising in 2022 was a significant shift for Netflix, which had previously insisted it would not run ads. The move was made after consecutive quarterly declines and a one-third reduction in market value. The company also began charging customers to share passwords, leading many to switch to the ad-supported plan. This strategy has resulted in increased subscriber growth, free cash flow, and profits.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:29 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower due to concerns about China's economic recovery and fresh U.S. semiconductor technology sanctions. However, Alibaba co-founder Joe Tsai highlighted the significant role of Alibaba Cloud in the operations of Chinese tech firms and the country's AI development. Alibaba Cloud unveiled Tongyi Qianwen 2.0, the latest version of its AI large language model.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 1:29 pm

JCSE

JE Cleantech Holdings Limited (NASDAQ:JCSE), a Singapore-based cleantech company, has regained compliance with the Nasdaq minimum bid price requirement. The company initiated a 1-for-3 Share Consolidation, reducing the total number of authorized Ordinary Shares from 15,020,000 to 5,006,666 and increasing the par value per share. Following this, the daily closing bid price of the company's shares remained above $1.00 for ten consecutive business days, bringing the company back into compliance with Nasdaq listing standards.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:26 pm

EXTR

Extreme Networks reported Q1 financial results and issued Q2 adjusted EPS and total net revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:24 pm

AAPL

ADP

AMD

FAT

GME

NVDA

PAYC

PYPL

QQQ

TSLA

The article lists the top 10 trending stocks on WallStreetBets as of November 1, 2023. The stocks mentioned are NVDA, AMD, TSLA, PYPL, AAPL, PAYC, ADP, GME, QQQ, and FAT.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:22 pm

TTOO

T2 Biosystems has regained compliance with Nasdaq's listing requirements, potentially avoiding delisting.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:17 pm

EL

Estee Lauder Companies Inc (NYSE: EL) shares dropped following its Q1 FY24 results and a disappointing outlook. The company reported a 10% YoY sales decline to $3.518 billion, missing the analyst consensus estimate. Organic net sales declined 11%, primarily due to pressures in the company's Asia travel retail business and a slower-than-expected recovery of overall prestige beauty in mainland China. The company also lowered its fiscal 2024 outlook due to external headwinds. EL shares traded lower by 16.61% premarket Wednesday.

Portfolio Pulse from Shivani Kumaresan

November 01, 2023 | 1:17 pm

GDC

GD Culture Group Limited has announced a registered direct offering of 1,436,253 shares at $3.019 per share, raising a total of $10 million.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:16 pm

AAPL

A rare sealed box of the original iPhone, part of the first production batch where Apple Inc. used 4GB of RAM, has been sold at an auction for $133,435. This follows other high-value sales of Apple memorabilia, including another original iPhone that fetched $190,373 and a 1983 letter from Steve Jobs that sold for $480,000. The original Apple founding contract also made its owner a millionaire, fetching $1.59 million in an auction.

Portfolio Pulse from Rounak Jain

November 01, 2023 | 1:13 pm