Streetbeat News

Stock Prices

COP

CVX

USO

XOM

The escalating Israel-Hamas conflict has led to a 5% spike in crude oil prices, potentially breaking its two-day losing streak. The geopolitical tensions in the Middle East have also caused US stock futures to fall. Energy stocks like Exxon Mobil Corp., ConocoPhillips, and Chevron Corp. could be impacted when trading resumes. The United States Oil Fund, LP ended Friday’s session up 0.23% at $74.16.

Portfolio Pulse from Shanthi Rexaline

October 09, 2023 | 6:56 am

STLA

VLVLY

Around 4,000 United Auto Workers (UAW) members at Volvo Group-owned Mack Trucks have voted against a proposed contract and decided to go on strike. The rejected contract offered a 20% increase in general wages over five years, a 10% general wage increase in the first year for all employees, and no increases in health insurance premiums throughout the contract term. This strike adds to the ongoing situation where 25,000 UAW members have been on strike against General Motors, Ford, and Stellantis since September 15.

Portfolio Pulse from Benzinga Neuro

October 09, 2023 | 6:35 am

EWG

Germany's industrial production for August has decreased by 0.2%, which is worse than the estimated decrease of 0.1%. The previous month's decrease was revised to 0.6%.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 6:02 am

META

Meta Platforms Inc.'s Threads will soon introduce a trending topics feature, similar to its rival X (formerly Twitter). The feature was leaked by an unnamed Meta employee. Despite a significant drop in active users, Meta has been adding features to Threads. X remains popular with 21 million active users in the US in the first half of September, slightly down from 22 million in July. Threads, however, declined to 1.1 million active users in the first half of September, from 3.3 million in July.

Portfolio Pulse from Rounak Jain

October 09, 2023 | 5:46 am

AAPL

AMD

AMZN

MSFT

SBUX

Advanced Micro Devices, Inc. (AMD) has outperformed Amazon (AMZN), Apple (AAPL), Microsoft (MSFT), Ford (F), and Starbucks (SBUX) in terms of five-year return since October 2018. AMD's stock has returned 307.14%, while the others have returned between 38.89% and 219.63%. AMD designs microprocessors for the computer and consumer electronics industries, with the majority of its sales in the personal computer and data center markets.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 3:27 am

DOGEUSD

SHIBUSD

Shiba (SHIBA), a cryptocurrency that calls itself the 'Dogecoin killer', has seen a 750% increase in value in the past 24 hours. The token is not listed on centralized exchanges but has been actively traded on decentralized ones. The SHIBA website declares itself as the 'rebirth of the DOGE killer' and anticipates a new leader in the crypto market. SHIBA has also introduced its own token called $BONES.

Portfolio Pulse from Mehab Qureshi

October 09, 2023 | 3:17 am

DIA

QQQ

SPY

Since the market bottom in March 2020, major U.S. indices have seen respectable returns, with SPDR S&P 500 ETF (SPY), Invesco QQQ Trust Series 1 (QQQ), and SPDR Dow Jones Industrial Average ETF Trust (DIA) returning 87.7%, 113.6%, and 74.1% respectively. However, cryptocurrencies have outperformed these indices, with Bitcoin, Ethereum, and Dogecoin seeing significant returns.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 2:59 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline amid the Israel-Hamas conflict. The geopolitical risk introduced by the conflict, along with inflation and surging interest rates, has affected the delicate market. The U.S. economy adding 336,000 jobs in September also contributed to the decline of Bitcoin. Analysts predict volatility in the market, with Bitcoin potentially surging to $30K as worldwide uncertainty grows. Stock futures also declined due to the conflict, with futures linked to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all experiencing decreases.

Portfolio Pulse from Mehab Qureshi

October 09, 2023 | 2:25 am

EIS

SPY

USO

November crude futures have risen by 3.5% due to concerns over the Israel-Hamas conflict. This geopolitical tension could potentially disrupt oil supply, leading to higher prices.

Portfolio Pulse from Charles Gross

October 08, 2023 | 10:39 pm

BIRK

Birkenstock Holding Limited (NYSE:BIRK) is set to go public on Oct. 11, 2023, with a price range set between $44.00 and $49.00. The company will be offering 32,258,000 shares at a per-share value of $46.50. The IPO comes with a 180-day lockup period.

Portfolio Pulse from Benzinga Insights

October 08, 2023 | 9:22 pm