Streetbeat News

Stock Prices

QQQ

SPY

Traders are pricing in limited upside for SPY and QQQ ETFs next week as the market awaits the Federal Reserve's June policy decision and inflation data release. Options data indicates limited upside and potential support and resistance levels for both ETFs.

Portfolio Pulse from Bhavik Nair

June 09, 2023 | 11:07 am

TK

Teekay Corporation has authorized a new share repurchase program for the repurchase of up to $25 million worth of its common stock.

Portfolio Pulse from Charles Gross

June 09, 2023 | 11:06 am

F

GM

TSLA

Wedbush analyst Dan Ives has increased Tesla's price target from $215 to $300 and reiterated an Outperform rating, citing the company's strong position in the EV market. Tesla's collaboration with General Motors and potential future partnerships with Ford could add $3 billion to EV charging revenue.

Portfolio Pulse from Shanthi Rexaline

June 09, 2023 | 11:00 am

NIO

NIO Inc reported Q1 FY23 sales growth of 7.7% YoY, missing consensus estimates. Vehicle deliveries increased 20.5% YoY but declined 22.5% QoQ. Vehicle sales and margins contracted, and the company's loss from operations widened. NIO expects Q2 vehicle deliveries to decrease YoY.

Portfolio Pulse from Anusuya Lahiri

June 09, 2023 | 10:40 am

HUT

Hut 8 Mining Corp. reported generating 147 Bitcoin in May and selling 179 Bitcoin for proceeds of $6.8 million in May 2023.

Portfolio Pulse from Charles Gross

June 09, 2023 | 10:39 am

BTCUSD

A decade-old Bitcoin wallet with over $37 million worth of Bitcoin, believed to be from Satoshi-era, has been reactivated, reigniting speculation about the identity of Bitcoin's creator, Satoshi Nakamoto. Discussions suggest that Satoshi may be a group of individuals, with Hal Finney and Len Sassaman as potential candidates.

Portfolio Pulse from Mehab Qureshi

June 09, 2023 | 10:26 am

BYDDF

BYDDY

Warren Buffett-backed BYD Company unveiled a new electric vehicle (EV) brand, Fang Cheng Bao, which will offer a range of vehicles from off-road to sports cars. The first model, an SUV, is expected to launch this year. BYD has sold 996,476 cars in the first five months, nearly double the sales in 2022.

Portfolio Pulse from Shivani Kumaresan

June 09, 2023 | 10:23 am

AMZN

GME

TSLA

The S&P 500 settled higher on Thursday, with tech stocks recovering ahead of key inflation data and the Fed's policy meeting next week. GameStop shares dropped 18% after reporting worse-than-expected Q1 results and a change in executive leadership. The Nasdaq 100 rose 1.27%, driven by gains in Amazon and Tesla shares.

Portfolio Pulse from Lisa Levin

June 09, 2023 | 10:20 am

RIDE

Lordstown Motors received a written notice from Nasdaq's Listing Qualifications Department on June 7, stating that the matters raised in Nasdaq's April 19 letter regarding minimum bid price requirement were now closed.

Portfolio Pulse from Charles Gross

June 09, 2023 | 10:10 am

NIO

NIO expects Q2 2023 revenue to be between $1.273B-$1.364B, with vehicle deliveries ranging from 23,000-25,000, down by 8.2%-0.2% compared to Q2 2022.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 10:08 am