Streetbeat News

Stock Prices

NVDA

TSLA

Investors are drawing parallels between the rapid rise of Nvidia Corp. (NVDA) in the AI sector and Tesla Inc.'s (TSLA) previous surge in the EV market, raising concerns about the sustainability of Nvidia's growth. While Nvidia's stock continues to soar, Tesla's shares have significantly declined from their 2021 peak. The comparison highlights the potential risks of investing in the AI frenzy, despite Nvidia's exceptional sales growth and the belief in a future dominated by AI technology.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 6:26 am

DOGEUSD

ETHUSD

FLOKIUSD

SHIBUSD

Ethereum co-founder Vitalik Buterin highlighted the disproportionate investment in meme cryptocurrencies like Dogecoin and Shiba Inu compared to essential crypto infrastructure. Buterin emphasized that while some areas are over-invested, others crucial for the ecosystem's health are neglected. This comes as Dogecoin's market cap surpasses $20 billion, with a significant increase in its trading volume and price.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 6:14 am

SOHU

Sohu.com reported Q4 adjusted EPS of $(0.32), surpassing the $(0.59) estimate, marking a significant improvement. However, sales fell to $141.36M from $160.40M YoY, indicating a decrease in revenue.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:40 am

BTC-USD

DOGE-USD

ETH-USD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains amid market optimism and FOMO. Bitcoin's price surged over $62,000, with an upcoming halving event in April expected to further impact its value. The global cryptocurrency market cap increased by 1.36% to $2.31 trillion. U.S. stock futures showed minimal movement, with investors awaiting Federal Reserve updates. Analysts predict a potential massive run for altcoins and a possible surge in Bitcoin to $100,000 in 2024, driven by increased liquidity.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 4:48 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing a proposed class-action lawsuit for allegedly monopolizing digital storage through iCloud, imposing restrictions that prevent customers from using other services. The lawsuit, filed in the Northern District of California, claims Apple's practices violate the Sherman Act and California's Unfair Competition Law by tying devices to iCloud, distorting competition, and leading to high prices due to its monopoly power. Apple holds approximately 70% market share in cloud storage for its users, with the lawsuit alleging iCloud's pricing reflects almost pure profit.

Portfolio Pulse from Ananya Gairola

March 04, 2024 | 1:31 am

SOL

WIF

Raoul Pal humorously embraces the current altcoin season, highlighting the meme coin Dogwifhat (CRYPTO: WIF), which has seen a 361.59% increase in a week. Pal's tweet reflects a shift from serious blockchain debates to enjoying the speculative nature of meme coins, advising caution. Dogwifhat's popularity surged, especially after being listed on Robinhood's European platform, contributing to its value increase. The coin briefly became Solana's top memecoin, indicating a potential 'memecoin supercycle' and an 'alt season' with increased liquidity in smaller cryptocurrencies.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 1:22 am

IGT

IPG

RELY

ZBH

Barron's cover story highlights the best luxury second home resort markets in the US, with Austin, Texas, Lake Geneva, Wisconsin, and Park City, Utah topping the list. Luxury second home prices rose 11% in 2015. The article also discusses investment opportunities in hedge funds through closed-end funds run by Bill Ackman and Dan Loeb, and mentions stocks like Interpublic Group (IPG), Zimmer Biomet Holdings (ZBH), Real Industry (RELY), and International Game Technology (IGT) for their potential.

Portfolio Pulse from Nelson Hem

March 03, 2024 | 9:37 pm

AAPL

Apple, Inc. (AAPL) abandoned its self-driving car project due to the ambitious goal of surpassing Tesla with a fully autonomous vehicle, a challenge even Apple found too difficult. Bloomberg's Mark Gurman highlighted the project's downfall was Apple's attempt to create a car that required zero driver intervention, a goal the auto industry still struggles with. The project's cessation came after significant investment into a Level 5 self-driving system and design work for a car without traditional controls. Gurman also noted the auto industry's thin profit margins and high production challenges as additional hurdles for Apple.

Portfolio Pulse from Shanthi Rexaline

March 03, 2024 | 9:36 pm

DOGEUSD

SHIBUSD

The article discusses the concept of a 'memecoin supercycle,' a period where memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) are expected to see significant gains. It highlights recent surges in memecoin values, such as Dogwifhat (WIF) and MAGA Memecoin (TRUMP), and the broader implications for the cryptocurrency market. The piece also touches on the reasons behind the memecoin supercycle, including a reaction against traditional financial systems and the accessibility of memecoins to investors of all wallet sizes. It concludes with a cautionary note on the risks involved in investing in memecoins.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 9:04 pm

ASND

FIX

ITT

MHO

MTH

Ethan Meyers of Westfield Capital Management, known for his successful investment picks for the Harbor Small Cap Growth Fund, sees potential in small-cap stocks despite the market's focus on large-cap growth stocks like Amazon, Apple, and Microsoft. He highlights a valuation gap, suggesting an opportunity for mean reversion that could benefit smaller companies. Meyers recommends five small-cap stocks: Ascendis Pharma, Comfort Systems, ITT Inc., Meritage Homes, and M/I Homes, each with unique growth prospects.

Portfolio Pulse from Bibhu Pattnaik

March 03, 2024 | 7:57 pm