Streetbeat News

Stock Prices

RIVN

TSLA

Tesla's Cybertruck, which recently rolled off the production line, is expected to be priced competitively against Ford's F-150 Lightning and Rivian's electric pickup. Ford recently announced a price reduction for its F-150 Lightning, seen as a move to stay ahead of Tesla's imminent pricing announcement. Analysts predict the basic model of the Cybertruck could start under $50,000, based on Elon Musk's comments about the Ford Lightning being 'somewhat expensive'. Tesla is expected to provide updates on Cybertruck production, pricing, and deliveries during its upcoming earnings call.

Portfolio Pulse from Chris Katje

July 19, 2023 | 5:23 am

ASML

ASML Holding has projected its Q3 sales to be between €6.5 billion and €7.0 billion, with a gross margin of approximately 50%. The company also anticipates R&D costs of around €1.0 billion and SG&A costs of about €285 million. Despite increased uncertainties, ASML expects strong growth for 2023, with a net sales increase of around 30% and a slight improvement in gross margin compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:17 am

ABOS

Acumen Pharmaceuticals has increased its previously announced offering from $100M to $130M, pricing 16,774,193 shares at $7.75 per share.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:09 am

ARGX

argenx has raised approximately $1.1 billion in gross proceeds from a global offering. The company sold 1,580,981 ADSs at a price of $490.00 per ADS and 663,918 ordinary shares at a price of €436.37 per ordinary share.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:52 am

WDS

Woodside Energy reported 2Q23 revenue of $3.084 billion, a 10% YoY decrease, and a quarterly production of 44.5 MMboe, a 5% sequential decrease. The decline in production and sales volume, which was 48.4 MMboe, was due to planned maintenance activities and lower realized prices. The company's full-year production guidance remains unchanged at 180–190 MMboe.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:43 am

BTCUSD

ETHUSD

A recent survey reveals that 47% of investors anticipate Ethereum (CRYPTO: ETH) to surpass Bitcoin (CRYPTO: BTC) in value. The optimism is attributed to Ethereum's higher burn rate versus coin issuance, the 'new address momentum', and a growth in the number of network validators. Upcoming upgrades to the Ethereum network are expected to improve smart contract efficiency, reduce costs, and potentially recoup market share lost due to high gas fees.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 4:10 am

TSLA

An analyst from Ark Investment Management has noted that search demand for Tesla's Cybertruck has surpassed that of the Model Y and Ford's Lightning 150. Despite this, the Model Y continues to have the highest search demand on a 7-day average. The analyst believes this is a good sign for demand, especially considering the Cybertruck is not yet for sale. Ford recently announced a price cut for its F-150 Lightning, bringing it closer to the Cybertruck's estimated price. The first Cybertruck rolled off the production line at Giga Texas over the weekend.

Portfolio Pulse from Anan Ashraf

July 19, 2023 | 3:49 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following the release of positive US retail sales data. The retail sales report for June showed a 0.2% increase, lower than the forecasted 0.5%. However, the retail sales 'control group' showed a 0.6% increase, surpassing expectations. Analysts predict that Dogecoin could potentially rally up to 157% mirroring XRP gains. The global crypto market capitalization stood at $1.21 trillion, a decrease of 0.34% over the last day.

Portfolio Pulse from Mehab Qureshi

July 19, 2023 | 2:54 am

CVNA

MSFT

NFLX

RKLB

TSLA

U.S. stocks traded higher with the Nasdaq Composite gaining more than 100 points. Netflix, Carvana, Tesla, Microsoft, and Rocket Lab were the top stocks that gained the attention of retail traders and investors. Netflix closed with a gain of 5.50%, Carvana saw an increase of 8.95%, Tesla ended the day with a gain of 1.02%, Microsoft saw a significant increase of 3.98%, and Rocket Lab USA saw a rise of 13.64%.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 1:43 am

ARKK

ARKW

AVDX

COIN

SOFI

TSLA

TWLO

Ark Invest, led by Cathie Wood, has continued to sell Tesla Inc shares for the second consecutive day, with the most significant trade involving the sale of 28,659 Tesla shares valued at $8.4 million. The firm sold shares through the Ark Innovation Fund and the Ark Next Generation Internet ETF. Despite this, Ark Invest remains bullish on Tesla's long-term prospects, particularly in AI. Other trades included the purchase of shares in Twilio Inc, AvidXchange Holdings Inc, and SoFi Technologies Inc, and the sale of Coinbase Global Inc shares.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 1:21 am