Streetbeat News

Stock Prices

MRTX

SPOT

TRTX

TSLA

Several US stocks traded lower in Monday's pre-market session. TPG RE Finance Trust, InMode, Gilat Satellite Networks, Mobileye Global, Camtek, Global-e Online, Spotify, Mirati Therapeutics, and Tesla all recorded losses. Notably, Spotify was downgraded by Redburn Atlantic from Buy to Neutral with a lowered price target. Mirati Therapeutics slipped after Bristol Myers Squibb announced plans to acquire the company, leading to a downgrade by Jefferies. Tesla's shares fell following a reported 10.9% YoY decrease in China-made electric vehicle sales in September.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 9:57 am

RIVN

TSLA

Rivian Automotive Inc. (RIVN) is closing the gap with Tesla Inc. (TSLA) in the premium EV market. By the end of Q3, Rivian had delivered 15,564 vehicles, coming close to Tesla’s 15,985 Model S and X vehicle deliveries worldwide. Despite Tesla CEO Elon Musk's prediction of Rivian's bankruptcy, Rivian is now aiming to post its first gross profit in 2024.

Portfolio Pulse from Anan Ashraf

October 09, 2023 | 9:46 am

DIS

Shares of Walt Disney Co. (NASDAQ:DIS) rose in premarket trading following a report that activist investor Nelson Peltz has increased his stake in the company to over $2.5 billion, making him the largest shareholder. Peltz's Trian Fund Management is likely to request multiple seats on Disney's board. This comes despite challenges in Disney's linear TV and streaming businesses, and lower than expected park attendance.

Portfolio Pulse from Shanthi Rexaline

October 09, 2023 | 9:33 am

FXI

TSLA

Tesla's sales of China-made electric vehicles in September fell by 10.9% year-on-year to 74,073 units, according to data from the China Passenger Car Association.

Portfolio Pulse from Charles Gross

October 09, 2023 | 9:18 am

FXI

SPY

OPEC Secretary General stated that climate action should not compromise global energy security. He mentioned that some are advocating for a reduction in oil demand by nearly 25M B/D by 2030.

Portfolio Pulse from Charles Gross

October 09, 2023 | 8:56 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has teased fans with a livestream of an off-road Cybertruck in Baja California, Mexico, attracting 1.4 million viewers. The livestream was done via SpaceX unit Starlink’s satellite service. The Cybertruck is expected to commercially launch soon and is anticipated to boost Tesla's volume growth.

Portfolio Pulse from Shanthi Rexaline

October 09, 2023 | 8:07 am

DIS

Activist investor Nelson Peltz is escalating his attempts to secure board seats at Walt Disney Co (NYSE:DIS) as the company's shares continue to decline. Peltz's firm, Trian Fund Management, has become one of Disney's most significant investors with a stake exceeding $2.5 billion. Despite an unsuccessful attempt to secure a board seat earlier this year, Peltz withdrew his nomination following Disney’s restructuring and cost-cutting plan which momentarily increased the stock value. Since then, Disney’s shares have dropped from over $113 to roughly $80.

Portfolio Pulse from Benzinga Neuro

October 09, 2023 | 7:17 am

BTCUSD

A dormant Bitcoin wallet that had been inactive for over three years transferred approximately $140 million worth of Bitcoin to three different addresses. The exact motives behind such moves remain uncertain. At the time of writing, Bitcoin was trading at $27,939.94, down 0.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 09, 2023 | 7:15 am

CME

CME Group, a leading derivatives marketplace, reported record participation in its global Aluminum futures contract for the sixth consecutive quarter and the month of September. The Average Daily Volume (ADV) in Q3 was 4,656 contracts, up 98% YoY, and in September it was 6,118 contracts, up 132% YoY. The Average Daily Open Interest in Q3 also grew by 267% YoY.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 7:13 am

BTCUSD

Experts are divided on whether Bitcoin (CRYPTO: BTC) can serve as a reliable safeguard against inflation. Zach Pandl from Grayscale Investments argues that Bitcoin's scarcity makes it valuable and better suited as an inflation hedge. However, Eswar Prasad from Cornell University disagrees, stating that Bitcoin's value stems solely from its scarcity and its high price volatility and unreliable technology make it a risky bet as an inflation hedge.

Portfolio Pulse from Benzinga Neuro

October 09, 2023 | 7:01 am