Streetbeat News

Stock Prices

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares have risen over 160% YTD due to its AI momentum. Wharton professor Jeremy Siegel believes the stock may be slightly overvalued in the long term but sees potential for further short-term gains. The stock trades at a forward P/E multiple of 84.03 compared to the tech sector's average of 25.

Portfolio Pulse from Shanthi Rexaline

May 29, 2023 | 10:59 am

SHIBUSD

A report reveals that 79.86% of Shiba Inu (CRYPTO: SHIB) token holders have incurred six-figure losses, with over a third purchasing within the price range of $0.000009 to $0.000014. The addresses hold 887.86 trillion SHIB, accounting for 90.31% of the total supply.

Portfolio Pulse from Mehab Qureshi

May 29, 2023 | 9:20 am

LCID

Lucid Group is promoting its Lucid Air Touring and Grand Touring models, highlighting their luxurious features and long-range capabilities. Despite having the longest-ever EPA rating for an EV, Lucid reported lower-than-expected Q1 sales and missed Street estimates.

Portfolio Pulse from Anan Ashraf

May 29, 2023 | 8:50 am

TSLA

VLVLY

YouTuber Simone Giertz, who converted her Tesla Model 3 into a truck called Truckla, has replaced it with a Volvo C40 electric coupe-SUV. Giertz cited privacy concerns and the size and cost of other electric pickup trucks as reasons for her choice.

Portfolio Pulse from Anan Ashraf

May 29, 2023 | 7:48 am

FLOKIUSD

SHIBUSD

Floki's Valhalla metaverse game has seen a surge in trading volumes, reaching over $98 million and surpassing Shiba Inu's $86 million. The increase is attributed to ads for the Floki game during Chinese sporting tournaments, potentially attracting new traders from China.

Portfolio Pulse from Mehab Qureshi

May 29, 2023 | 7:12 am

UGA

Gas prices remain calm during Memorial Day weekend, with the nationwide average price of regular gasoline at $3.578 a gallon. However, AAA warns of an uncertain future for gas prices. The United States Gasoline Fund, LP (NYSE:UGA) ended Friday's session 1.46% higher at $61.35 a barrel.

Portfolio Pulse from Shanthi Rexaline

May 29, 2023 | 7:09 am

NVDA

Nvidia CEO Jensen Huang warned businesses and individuals to embrace artificial intelligence (AI) or risk being left behind. He emphasized that AI technology would transform the corporate landscape and impact every job, with AI experts being in high demand. Nvidia's value recently soared to an all-time high, fueled by demand from AI service providers.

Portfolio Pulse from Ananya Gairola

May 29, 2023 | 6:04 am

BNO

GLD

IAU

VDE

President Joe Biden and House Speaker Kevin McCarthy reached a tentative deal on the borrowing limit, causing oil prices to rise and gold prices to fall. The United States Brent Oil Fund (BNO) closed 1.21% higher, while the Vanguard Energy Index Fund ETF (VDE) lost 0.42%. Gold prices dropped with the SPDR Gold Trust (GLD) closing 0.4% higher and the iShares Gold Trust (IAU) gaining 0.44%.

Portfolio Pulse from Bhavik Nair

May 29, 2023 | 3:28 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains following news of a White House deal to avert a debt ceiling crisis. The global crypto market capitalization increased by 2.93% to $1.17 trillion. Analysts predict a temporary rebound for Bitcoin, with a potential surge towards $29,000, but expect it to return to a downward trajectory.

Portfolio Pulse from Mehab Qureshi

May 29, 2023 | 2:55 am

ETRN

NEE

Senator Joe Manchin has secured a deal for the Mountain Valley Pipeline in the debt bill, potentially benefiting companies like Equitrans Midstream Corp (ETRN) and NextEra Energy (NEE).

Portfolio Pulse from Benzinga Newsdesk

May 29, 2023 | 12:02 am