Streetbeat News

Stock Prices

SOLUSD

A crypto analyst, Inmortal, predicts that Solana (SOL) could reach an all-time high of $360 by 2025, a 462% increase from its current price. SOL is currently trading at $64.81, up over 4% in the last 24 hours. Another analyst, Ali, warns of a potential price correction for Solana, with a sell signal on the weekly chart and an overbought RSI. Ali suggests that SOL needs to close above $68.4 to avoid a bearish trend and could target $108. Cathie Wood of ARK Invest praised Solana for being faster and more cost-effective than Ethereum.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 5:41 am

TSLA

Ross Gerber, a Tesla investor, believes the upcoming Cybertruck will be the 'most impactful vehicle' and urges Elon Musk to concentrate on Tesla full-time. Gerber praised Tesla's pricing strategy and its role in transforming the automotive industry. He anticipates the need for increased Cybertruck production once launched. Gerber also criticized Musk's recent behavior, including the endorsement of an antisemitic claim, as harmful to Tesla's brand.

Portfolio Pulse from pooja@benzinga.com

December 06, 2023 | 5:31 am

TSLA

Tesla Inc (NASDAQ:TSLA) experienced a significant decline in vehicle registrations in the UK for November, with only 1,648 vehicles registered compared to 6,025 in the same month last year, a drop of nearly 73%. This decrease has also affected Tesla's market share, which is now at 1.05%. Despite the Model Y's absence from the top ten best-seller list for November, it remains the sixth best-selling car year-to-date in the UK. Overall BEV registrations fell by 17.1% year-on-year, but year-to-date BEV registrations are up 27.%. The SMMT suggests that recovery depends on fiscal incentives and investment in charging infrastructure.

Portfolio Pulse from Anan Ashraf

December 06, 2023 | 5:28 am

BTCUSD

DOGEUSD

FLOKIUSD

SHIBUSD

Floki (FLOKI) experienced a 16% increase in value, outperforming other meme cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB). The surge followed an AMA with Floki's Head of Operations, B, who discussed the strategic importance of the Valhalla game and the TokenFi platform. B highlighted the need for perfect market conditions for Valhalla's mainnet launch and suggested that it is more critical than a Binance listing. The article also mentions Bitcoin's (BTC) recent peak and the potential influences on FLOKI's performance, including Bitcoin ETF approval, the Bitcoin Halving, and possible FED rate cuts. TokenFi (TOKEN), a Floki-related project, also saw a 19% increase in its value.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 4:42 am

COIN

Coinbase Inc (NASDAQ:COIN) has introduced a new service that allows users to send cryptocurrencies like Bitcoin and Ethereum through various communication platforms such as WhatsApp, Telegram, TikTok, and social media apps with a simple link. This service simplifies the process of transferring cryptocurrencies, which previously involved logging into an exchange and waiting for confirmations. The funds can be claimed through the Coinbase Wallet app, and if unclaimed after two weeks, they are returned to the sender. Coinbase's stock has surged almost 290% this year, despite a slight drop of 0.63% on Tuesday.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 3:54 am

COIN

GBTC

SOFI

TDOC

TOST

TTD

VEEV

Ark Invest, led by Cathie Wood, sold over $33 million in Coinbase Global Inc (COIN) shares and nearly $5.6 million in Grayscale Bitcoin Trust (GBTC) shares as Bitcoin crossed the $44,000 mark. The sales were made through various Ark ETFs including ARKK, ARKW, and ARKF. Additionally, Ark Invest increased its holdings in SoFi Technologies (SOFI), Toast Inc (TOST), Veeva Systems (VEEV), Teladoc (TDOC), and The Trade Desk (TTD).

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 3:22 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) surged, with BTC reaching $43,858, ETH at $2,293, and DOGE at $0.095. The rally was attributed to declining interest rates and anticipation of a U.S. Bitcoin ETF. A significant number of short positions were liquidated, totaling $162 million for BTC shorts. Analysts predict potential retracements for BTC before a continued upward trend, with targets of $38,000 and $48,000 based on technical analysis. The global crypto market cap increased by 3.56% to $1.60 trillion.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 2:40 am

ASAN

COIN

MDB

NIO

RIOT

On Tuesday, U.S. stocks showed mixed results with the Nasdaq Composite rising and the Dow falling. MongoDB, NIO, Coinbase, Asana, and Riot Blockchain were among the top stocks gaining investor interest. MongoDB reported a 30% increase in Q3 revenue, NIO saw a surge in EV deliveries, Coinbase received a raised price target from Needham, Asana reported a narrower quarterly loss with increased sales, and Riot Blockchain benefited from Bitcoin's price rally.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 1:49 am

DIS

TSLA

Elon Musk, CEO of Tesla Inc, has intensified his conflict with Walt Disney Co by criticizing the company's decision to suspend advertisements on his social media platform, X. During an interview with Sandy Munro, Musk expressed his disdain for political correctness and predicted internal challenges for civilizations, hinting at the 2024 election. Disney's ad suspension followed Musk's interaction with an antisemitic post, for which he later apologized. Musk's comments have led to social media trends calling for the cancellation of Disney Plus and Hulu subscriptions, and he foresees a 'meaningful decline' in Disney's future.

Portfolio Pulse from Chris Katje

December 06, 2023 | 12:14 am

BLK

BTCUSD

ETHUSD

The SEC has delayed its decision on the Grayscale Ethereum Trust's ETF proposal until Jan. 25, 2024. The proposal by NYSE Arca for listing was made public on Oct. 27, 2023, and the SEC is taking additional time to review it. This postponement follows a similar delay for the Hashdex Nasdaq Ethereum ETF. BlackRock Inc. and Bitwise have also updated their filings for Bitcoin ETF proposals.

Portfolio Pulse from Murtuza Merchant

December 05, 2023 | 11:36 pm