Streetbeat News

Stock Prices

ADBE

JBL

LEN

The CNN Money Fear and Greed index showed improved sentiment among U.S. investors after the Federal Reserve paused its rate-hiking campaign. Lennar Corporation reported better-than-expected earnings results for Q2. Investors await earnings results from The Kroger Co., Jabil Inc., and Adobe Inc.

Portfolio Pulse from Lisa Levin

June 15, 2023 | 6:46 am

QQQ

SPY

Jim Cramer predicts a narrowing market as investors panic-sell following the Federal Reserve's policy announcement. He believes the Fed may not need to tighten as much as it hinted, as inflation could lessen on its own. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) closed higher after the announcement.

Portfolio Pulse from Bhavik Nair

June 15, 2023 | 4:28 am

SHY

VGSH

Bond traders are increasing bets on a potential US recession despite the Federal Reserve pausing its rate hike campaign. The yield curve inversion has steepened, with the two-year yield reaching 4.8% and the 10-year yield touching a low of 3.77%. The iShares 1-3 Year Treasury Bond ETF (SHY) and Vanguard Short-Term Treasury Index Fund ETF (VGSH) experienced losses.

Portfolio Pulse from Bhavik Nair

June 15, 2023 | 3:29 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a drop in value following hawkish comments by Federal Reserve Chair Jerome Powell. The decline coincided with the Fed's announcement of a pause on interest rate hikes. Despite the short-term bear market, analyst Jason Pizzino believes that Bitcoin remains in a bull market as long as it stays above the $20,000 mark.

Portfolio Pulse from Mehab Qureshi

June 15, 2023 | 3:04 am

AMD

BLK

MSFT

NVDA

TSM

BlackRock CEO Larry Fink believes AI has the potential to increase productivity and control inflation. He sees AI as transformative for long-term investing and margins across sectors. Meanwhile, experts like Elon Musk have raised concerns about AI safety.

Portfolio Pulse from Bhavik Nair

June 15, 2023 | 1:21 am

BUD

STZ

TAP

The Bud Light boycott, sparked by its collaboration with trans activist Dylan Mulvaney, has led to a significant decline in sales, causing the brand to lose its position as the top-selling beer in the US. Anheuser-Busch InBev (BUD) could face further pressure on its shares, while competitors Constellation Brands (STZ) and Molson Coors Beverage (TAP) may benefit.

Portfolio Pulse from Chris Katje

June 14, 2023 | 11:20 pm

SPY

TSLA

Tesla's 13-day stock market streak ended on June 14, with shares closing at $256.79, down 0.74%. The decline coincided with Federal Reserve Chairman Jerome Powell's announcement that interest rates would remain steady, causing the overall market to dip. Tesla's shares are up over 130% year-to-date in 2023.

Portfolio Pulse from Chris Katje

June 14, 2023 | 10:05 pm

BRK-A

BRK-B

DXJ

EWJ

Warren Buffett's Berkshire Hathaway has seen its stakes in five Japanese companies grow to $17 billion, a gain of about 183%, in less than three years. Investors can follow Buffett's footsteps by investing in Japanese equities through exchange-traded funds such as iShares MSCI Japan ETF (NYSE:EWJ) and WisdomTree Japan Hedged Equity Fund (NYSE:DXJ).

Portfolio Pulse from AJ Fabino

June 14, 2023 | 9:44 pm

ACB

CARA

CGC

CNVCF

CRLBF

CURLF

FFNTF

GRWG

GTBIF

ITHUF

OGI

SOL

TLRY

VFF

XXII

On June 14, 2023, marijuana stocks experienced significant price movements, with 4Front Ventures, Curaleaf Holdings, Green Thumb Industries, and Cresco Labs closing up, while 22nd Century Group, Aurora Cannabis, Village Farms Intl, BioHarvest Sciences, OrganiGram Holdings, Emeren Group, iAnthus Capital Hldgs, Canopy Gwth, Cara Therapeutics, Tilray Brands, and GrowGeneration closed down.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 9:30 pm

FOXA

FOX News Digital reported year-over-year increases in multiplatform views and minutes, outperforming other leading news brands. FOXA may be mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 9:29 pm