Streetbeat News

Stock Prices

GSIW

Shares of Garden Stage, Inc. (presumably GSIW) were halted due to a circuit breaker triggered by a rapid increase in the stock price. Circuit breakers are designed to prevent extreme volatility in the market by pausing trading when a stock's price moves too quickly in either direction.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:43 pm

AAL

DAL

EADSY

LUV

RYAAY

Ryanair Holdings Plc (NASDAQ:RYAAY) found unauthorized parts in two aircraft engines, similar to issues faced by other airlines. The parts, suspected to be supplied by AOG Technics Ltd. with counterfeit certification, were discovered during maintenance in Texas and Brazil. Airlines such as Delta Air Lines, Inc. (NYSE:DAL), American Airlines Group, Inc. (NASDAQ:AAL), and Southwest Airlines Company (NYSE:LUV) have also found dubious parts. Ryanair, which uses Boeing (NYSE:BA) aircraft, has not been significantly impacted by the scandal, according to CEO Michael O'Leary.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 4:37 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TLT

TSLA

USO

The stock market experienced its second-best November since the 1980s, largely due to rising bond prices as indicated by the iShares 20 Plus Year Treasury Bond ETF (TLT), and amplified by market mechanics. Investors are advised to watch for a potential break above the lower resistance zone in bonds, which could trigger another stock market rally. Jerome Powell's speech in Atlanta is anticipated, with the market looking for indications on interest rate cuts. If Powell supports the market's rate cut projections, a significant rally is expected; if he contradicts them, a pullback is likely. Early trade money flows are negative for major tech stocks and ETFs like SPY and QQQ. The momo crowd is buying stocks and gold, while smart money activity is undisclosed. Oil trading is volatile due to OPEC+ uncertainties, and Bitcoin is showing a positive bias, potentially aiming to break above $40,000.

Portfolio Pulse from The Arora Report

December 01, 2023 | 4:37 pm

GSIW

The article announces the opening of trade for Garden Stage IPO shares. However, there is no specific information provided about the performance of the shares or any other details that could influence investor decisions.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:35 pm

SPY

Fed Chair Jerome Powell indicated that the Federal Reserve does not need to rush its approach to monetary policy, as it is achieving its desired outcomes. This statement suggests a potentially less aggressive stance on interest rate hikes, which could influence market sentiment and investor behavior.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:35 pm

SPY

Fed Chair Jerome Powell acknowledged that inflation remains 'well above' the Federal Reserve's target, but he also noted that it is moving in the right direction. Powell emphasized that future data will guide the Fed's decisions on whether their measures have been sufficient or if further action is required to control inflation.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:34 pm

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) shares have surged over 75% in the past month, with a significant 19.6% increase on heavy trading volume following their latest Bitcoin mining update. The company reported mining 666 Bitcoin in November and a total of 6,671 Bitcoin in 2023. They sold 402 Bitcoin in November and currently hold 2.575 Bitcoin. CEO Zach Bradford highlighted improved efficiency and increased production from fees, hinting at potential revenue growth from Bitcoin's expanding use cases.

Portfolio Pulse from Erica Kollmann

December 01, 2023 | 4:34 pm

Verizon Communications Inc. (NYSE:VZ) closed at $37.50 with a market cap of $157.65 billion after a favorable trading session on Nov. 28. The stock's 52-week range is $30.135 to $44.73, and it has a dividend yield of 7.24%. Verizon paid $8.2 billion in dividends from January to September, slightly higher than the previous year. Mairs & Power and institutional investors like Julius Baer & Co., Moneta Group, Norges Bank, Morgan Stanley (NYSE:MS), and Arrowstreet Capital have increased their holdings in Verizon. To earn $500 per month from Verizon's dividends, an investment of approximately $82,873 is needed, equating to 2,210 shares at $37.50 each.

Portfolio Pulse from Shankar Iyer

December 01, 2023 | 4:33 pm

HMC

American Honda reported a 33% increase in sales for November, with a total of 106,035 units sold.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:32 pm

MSTR

Dogecoin (DOGE) is up 7.1% amid a broader crypto market rally, following MicroStrategy's purchase of 16,130 Bitcoins. The SEC's confirmation of Fidelity Investments' Ethereum ETF application also contributes to the positive sentiment in the crypto market, which tends to benefit Dogecoin due to increased investor confidence and potential spillover effects.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 4:31 pm