Streetbeat News

Stock Prices

AFJKU

DOCO

Docola, Inc (NASDAQ:DOCO) and Aimei Health Technology Co (NASDAQ:AFJKU) are set to go public this week with their IPOs. Docola is offering 1,061,000 shares at $6.25 each, while Aimei Health Technology is offering 6,000,000 shares at $10.00 each. Both companies have a 180-day lockup period for insiders.

Portfolio Pulse from Benzinga Insights

December 03, 2023 | 5:17 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum experienced significant gains over the weekend, with Bitcoin nearing the $40,000 mark and Ethereum also rising. The momentum is partly driven by expectations of a spot Bitcoin ETF receiving regulatory approval and speculation about rate cuts by the Fed, which could lead to increased investment in cryptocurrencies.

Portfolio Pulse from Shanthi Rexaline

December 03, 2023 | 4:17 pm

TSLA

Tesla's Cybertruck has received mixed reviews, with Canaccord Genuity analyst George Gianarikas acknowledging its performance but noting polarized opinions. Rivian is highlighted as having an 'incredibly compelling' product. The Cybertruck's economics are uncertain, but it may become gross-margin positive over time. Tesla's stock fell after the Cybertruck's release, with concerns over its high pricing.

Portfolio Pulse from Shanthi Rexaline

December 03, 2023 | 3:51 pm

TSLA

Chinese EVs are gaining global popularity but face significant trade barriers in the U.S. due to a 25% tariff and exclusion from 'Buy America' credits. Despite this, China's automotive industry is growing, with BYD outproducing Tesla last year. U.S. lawmakers advocate for more tariffs, while U.S. automakers like Ford and GM are wary of potential Chinese retaliation. Chinese firms plan to assemble EVs in or near the U.S. to avoid tariffs, with Polestar starting production in South Carolina next year.

Portfolio Pulse from Bibhu Pattnaik

December 03, 2023 | 2:59 pm

AAPL

Apple Inc. (AAPL) is reportedly ending its credit card partnership with Goldman Sachs Group (GS) within 12-15 months. Apple faced security issues with an Apple ID hack affecting iCloud access. The company is also developing a budget-friendly version of its Vision Pro headset, aiming to cut production costs by 50%. A YouTuber built a discount Vision Pro, challenging the value of Apple's version. Apple celebrated 'Artist of the Year' Taylor Swift with a free event in NYC.

Portfolio Pulse from Benzinga Neuro

December 03, 2023 | 10:44 am

DASH

GRUB

UBER

A New York state appeals court has ruled that food delivery companies Uber Technologies Inc. (UBER), DoorDash Inc. (DASH), and Grubhub Inc. (GRUB) must pay their workers a minimum hourly wage of $17.96. The court rejected the companies' attempts to overturn a previous ruling, enforcing the minimum pay rule. The companies expressed disappointment and are considering further actions. Following the news, UBER's stock dropped by 2%, DASH by 1.5%, and GRUB by 1.8%.

Portfolio Pulse from Benzinga Neuro

December 03, 2023 | 4:54 am

AAPL

JNJ

PSX

SCHW

UBER

Barron's weekend stock picks include Uber joining the S&P 500, Elliott Management's stake in Phillips 66, Schwab's rebound, Apple's December performance, and UBS's upgrade of Johnson & Johnson. Uber's inclusion in the S&P 500 reflects its recent profitability. Elliott Management's $1 billion stake in Phillips 66 could lead to a 75% stock increase. Schwab's stock rose 12% with a positive outlook from analysts. Apple may see a better December due to high holiday expectations and improved supply. Johnson & Johnson was upgraded to 'Buy' by UBS, with a positive outlook on its businesses.

Portfolio Pulse from Justin Chan

December 02, 2023 | 10:29 pm

ALK

BLDR

JBL

SEDG

SEE

UBER

Uber Technologies, Inc. (NYSE:UBER) is set to join the S&P 500 index, replacing Sealed Air Corp. (NYSE:SEE). Jabil Inc (NYSE:JBL) and Builders FirstSource Inc. (NYSE:BLDR) will also join, replacing Alaska Air Group Inc. (NYSE:ALK) and SolarEdge Technologies Inc. (NASD: SEDG). The changes will take effect on December 18, coinciding with the quarterly rebalance. Uber has shown strong financial performance with four consecutive quarters of positive GAAP earnings and robust growth in stock value. The company reported an Adjusted EBITDA of $1.09 billion in the last quarter and expects Q4 gross bookings of $36.5 to $37.5 billion with an adjusted EBITDA of $1.18 to $1.24 billion. UBER shares closed higher by 1.72% and rose 5.49% after hours.

Portfolio Pulse from Nabaparna Bhattacharya

December 02, 2023 | 9:45 pm

Boeing Company (NYSE:BA) has been excluded from the U.S. Air Force's competition to develop the E-4B Nightwatch successor, known as the 'Doomsday Plane'. The exclusion was due to disagreements over data rights and contract terms, specifically Boeing's reluctance to accept a fixed-price contract. This leaves Sierra Nevada Corp as the only known contender for the Survivable Airborne Operations Center (SAOC) contract. Boeing's defense unit has faced significant losses on fixed-price development programs, totaling $16.3 billion since 2014. Boeing's stock saw a slight increase on Friday despite the news.

Portfolio Pulse from Nabaparna Bhattacharya

December 02, 2023 | 9:37 pm

BTCUSD

Bitcoin (BTC) has surged to $39,000, driven by optimism for a potential U.S. SEC approval of a spot Bitcoin ETF. The cryptocurrency has seen a 3% increase in the last 24 hours and 12% over the past month. Despite the rally, Bitcoin remains below its all-time high of $69,044. The market anticipates Federal Reserve interest-rate cuts and the approval of a spot Bitcoin ETF as catalysts for further growth. Bitcoin options market suggests a trading range of $37,000 to $40,000 for December.

Portfolio Pulse from Bibhu Pattnaik

December 02, 2023 | 8:44 pm