Streetbeat News

Stock Prices

BILL

CRWD

DDOG

HUBS

MDB

MSFT

NET

NOW

ORCL

PLTR

SHOP

U

ZS

Tech and software stocks are trading lower due to rising Treasury yields, which have negatively impacted growth stocks. The stocks mentioned include BILL, CRWD, DDOG, HUBS, MDB, MSFT, NET, NOW, ORCL, PLTR, SHOP, U, ZS.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:41 pm

ABNB

Keybanc analyst Justin Patterson has downgraded Airbnb Inc (NASDAQ: ABNB) from Overweight to Sector Weight, citing concerns over decelerating growth and elevated risks. Patterson believes that Airbnb's margins have peaked and revenue growth could slow down. He also lowered his EBITDA forecasts for 2023, 2024, and 2025 by 1%, 8%, and 5% respectively, reflecting more modest bookings growth. Following the downgrade, ABNB shares traded lower by 5.28%.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 4:40 pm

RIG

Josh Brown, a regular CNBC contributor, has sold his shares in Transocean (RIG).

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:38 pm

ALLY

Ally Financial has announced job cuts that will affect less than 5% of its staff, leading to a decrease in its share prices.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 4:37 pm

BTCUSD

Long-term and short-term holders of Bitcoin (BTC) are showing tendencies to retain their assets for extended durations, indicating that whale investors may reallocate or potentially liquidate their holdings. On-chain Bitcoin activity has reached unprecedented levels in terms of new address creation, driven by short-term holder supply. Despite the broader market's recent relief, Bitcoin's behavior has been distinct. The Bitcoin options market is hinting at potential volatility on the horizon.

Portfolio Pulse from Murtuza Merchant

October 03, 2023 | 4:35 pm

FVRR

Fiverr's stock has been upgraded from Neutral to Buy by Roth MKM, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 4:35 pm

META

Meta Platforms Inc. is reportedly considering a $14/month subscription plan for European users to comply with EU regulations on personalized ads. This news has led to a decrease in Meta's share price.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 4:34 pm

NKE

Jim Lebenthal, a regular CNBC contributor, has purchased shares in Nike (NKE).

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:33 pm

MSG

SPHR

The MSG Sphere, a part of Sphere Entertainment Co (NYSE:SPHR) and Madison Square Garden Entertainment Corp (MSG), recently debuted in Las Vegas. The venue, which cost $2.3B to build, charges $450k for one day of advertising. It would need to run ads for approximately 5,111 consecutive days, or roughly 14 years, to recover its construction cost solely through advertising revenue. SPHR's stock saw an increase of 12.04% at $41.64, while MSG's stock dipped slightly by 0.60% at $175.23.

Portfolio Pulse from Sudhanshu Singh

October 03, 2023 | 4:33 pm

Z

ZG

Zillow's shares are trading lower due to weakness in housing-related companies as stocks fall on rising yields.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 4:32 pm