Streetbeat News

Stock Prices

DOGEUSD

FLOKIUSD

PEPEUSD

Crypto analyst Crypto Tony predicts significant price movements for meme coins in October, dubbed 'Flokitober'. He suggests that Floki token is in a crucial accumulation phase and Dogecoin (DOGE) is showing signs of a significant price surge. Another analyst, Kaleo, identifies a breakout pattern for PEPE token, indicating it's ready to run back to the highs.

Portfolio Pulse from Mehab Qureshi

September 27, 2023 | 11:33 am

AAPL

BABA

BIDU

China's cyberspace watchdog has released a list of mobile app stores that have complied with new regulatory requirements, including Tencent, Huawei, Alibaba's Ant Group, Baidu, Xiaomi, and Samsung. However, Apple's App Store is not on the list, raising questions about its compliance with the new regulations. Apple has not yet revealed its strategy for aligning with these regulations. Morgan Stanley recently dismissed concerns about China's retaliatory move against Apple, citing its importance to China's economy.

Portfolio Pulse from Anusuya Lahiri

September 27, 2023 | 11:20 am

CLF

Cleveland-Cliffs has announced an immediate increase in current spot market base prices for all carbon hot rolled, cold rolled and coated steel products. The company's minimum base price for hot rolled steel is now $750 per net ton.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:11 am

AMR

ZKIN

Alpha Metallurgical Resources, Inc. (NYSE:AMR) and ZK International Group Co., Ltd. (NASDAQ:ZKIN) are considered overbought in the materials sector, with RSI values of 74.55 and 70.05 respectively. AMR reported better-than-expected Q2 earnings and closed at $245.26 on Tuesday. ZKIN shares surged over 40% in the past month and closed at $0.73 on Tuesday.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 11:07 am

AMZN

SPY

USO

US stock markets closed significantly lower on Tuesday, September 26, with the Dow hitting its lowest since March amid weak consumer confidence and fears of persistent inflation and rising interest rates. Amazon.com, Inc (NASDAQ:AMZN) saw a 4% drop in its stock as it faced legal action from the Federal Trade Commission and 17 states. Asian and Eurozone markets were mixed, with Japan’s Nikkei 225 and China’s Shanghai Composite closing higher, while Australia’s S&P/ASX 200 and Germany’s DAX declined. Crude Oil WTI was trading higher by 1.02% at $91.28/bbl.

Portfolio Pulse from Akanksha Bakshi

September 27, 2023 | 10:47 am

NEP

NextEra Energy Partners, LP (NEP) has announced a reduction in its limited partner distribution per unit growth rate from 12%-15% to 5%-8% annually through at least 2026. The decision is aimed at increasing flexibility and delivering long-term value for unitholders. The company also plans to repower the majority of its wind portfolio and continue to acquire wind, solar, and storage assets. The company expects run-rate contributions for adjusted EBITDA and CAFD from its forecasted portfolio at Dec. 31, 2023, to be in the ranges of $1,900 million to $2,100 million and $730 million to $820 million, respectively.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:38 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reduced the price of its Powerwall by $300 in the U.S., a 3.4% reduction, bringing the price to $8,400 excluding taxes and installation expenses. An additional $500 rebate is available for buyers who install and register their Powerwall by Oct. 31. The Powerwall is a battery system designed to store solar energy for backup purposes. Tesla recently introduced the third generation of its residential energy storage product, the Powerwall 3, which is set for release in 2024.

Portfolio Pulse from Anan Ashraf

September 27, 2023 | 10:37 am

LFVN

MDRR

MPAA

TLYS

Insiders have recently purchased shares in four companies: Motorcar Parts of America, LifeVantage, Tilly's, and Medalist Diversified REIT. This could indicate confidence in the companies' prospects or that the insiders view the stocks as bargains. However, insider purchases should not be the sole indicator for making investment or trading decisions.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 10:32 am

BTCUSD

DOGEUSD

A tweet from Elon Musk led to a surge in the value of a token known as OCISLY, resulting in significant gains for traders. Some traders turned an investment of $158 into $47,000 within 24 hours. The tweet was in response to SpaceX's successful landing of Falcon 9’s first stage on the 'Of Course I Still Love You' droneship. This is not the first time Musk's tweets have influenced cryptocurrency prices.

Portfolio Pulse from Mehab Qureshi

September 27, 2023 | 10:29 am

TGT

Target Inc. (NYSE:TGT) has announced plans to close nine stores across four US states due to increasing concerns over theft and retail crime. Despite investing in security infrastructure, the company has struggled to ensure a secure shopping experience at these locations. The closures will take effect from October 21st. The company plans to facilitate transfers for eligible employees from the impacted stores to other Target branches. TGT shares closed lower by 2.48% at $109.48 on Tuesday.

Portfolio Pulse from Shivani Kumaresan

September 27, 2023 | 10:26 am