Streetbeat News

Stock Prices

TSLA

Tesla has resumed accepting reservations for its Roadster supercar, with an initial $5,000 payment and a $45,000 wire transfer required within 10 days. The estimated starting price for the base model is around $200,000, but the final price will be confirmed once the vehicle is configured. CEO Elon Musk stated that the design and engineering of the Roadster would be completed this year, with production beginning by the end of next year.

Portfolio Pulse from Anan Ashraf

June 01, 2023 | 8:30 am

AVGO

CRM

DG

HRL

NTAP

Dollar General, Broadcom, NetApp, Salesforce, and Hormel Foods are stocks to watch on Thursday. Dollar General and Hormel Foods are set to report earnings before the opening bell, while Broadcom will release earnings after the market closes. NetApp and Salesforce reported better-than-expected results for their respective quarters.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 8:12 am

BNO

VDE

Oil prices rose after the passage of the debt ceiling bill in the House and Federal Reserve officials indicated a potential rate hike skip in June. The United States Brent Oil Fund (BNO) and Vanguard Energy Index Fund ETF (VDE) closed lower on Wednesday. OPEC+ is expected to continue bullish rhetoric but not announce production cuts at the June meeting.

Portfolio Pulse from Bhavik Nair

June 01, 2023 | 6:57 am

BTCUSD

Bitcoin (BTC) experienced its first monthly loss of 2023, falling below $27,000. The decline is attributed to ebbing liquidity, restrictive monetary policy, and increased activity from meme coins like Ordinals, causing congestion and high transaction fees on the Bitcoin network.

Portfolio Pulse from Mehab Qureshi

June 01, 2023 | 6:56 am

F

TSLA

Morgan Stanley analyst Adam Jonas maintained an 'overweight' rating on Tesla with a price target of $200, stating that Tesla's ubiquity in the EV market is limited. He believes that legacy automakers like Ford will come up with compelling EV products, potentially impacting Tesla's market share.

Portfolio Pulse from Anan Ashraf

June 01, 2023 | 6:43 am

QQQ

SPY

Jim Cramer warns that the Federal Reserve's potential rate hikes could tip the economy into a recession. He suggests that the Fed should wait and assess the situation before making any decisions. U.S. markets ended in the red on Wednesday, with SPY and QQQ both closing lower.

Portfolio Pulse from Bhavik Nair

June 01, 2023 | 6:27 am

AVGO

DG

HRL

Investor sentiment declines as the CNN Money Fear and Greed index drops, with the Dow recording a 3.5% loss for May. U.S. stocks closed lower on Wednesday amid debt ceiling talks. Investors await earnings results from Dollar General Corporation, Broadcom Inc., and Hormel Foods Corporation.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 6:11 am

GLD

IAU

PIMCO's Greg Sharenow believes gold is still expensive despite recent declines and may face further losses, but maintains long-term appeal. Gold is over-valued compared to inflation-linked government bonds, which are better valued for multi-asset portfolios. The SPDR Gold Trust (GLD) and the iShares Gold Trust (IAU) have gained over 6% since the beginning of the year.

Portfolio Pulse from Bhavik Nair

June 01, 2023 | 4:53 am

GOOG

GOOGL

META

Meta Platforms Inc. (NASDAQ:META) has threatened to block access to news articles on Facebook and Instagram in California in response to the proposed California Journalism Preservation Act. The act aims to compel tech companies to compensate publishers for their content. Meta has previously made similar threats in Australia and Canada.

Portfolio Pulse from Ananya Gairola

June 01, 2023 | 4:25 am

ETHUSD

A crypto influencer's tweet promising nothing in return for sending Ethereum has resulted in over $1.1 million worth of cryptocurrencies being sent to the address within 24 hours. The address has received over 1000 transfers, with the largest known wallet coming in at around $13,000 worth of ETH.

Portfolio Pulse from Mehab Qureshi

June 01, 2023 | 4:05 am