Streetbeat News

Stock Prices

MSTR

Michael Saylor, co-founder of MicroStrategy, has expressed his views on Bitcoin Ordinals and BRC-20 tokens, warning against the legal risks of unregulated tokens. He suggests tokenizing stocks and ETFs trading on NASDAQ as a legal and ethical use-case for BRC-20 tokens.

Portfolio Pulse from Mehab Qureshi

May 23, 2023 | 4:15 am

F

TSLA

Ford CEO Jim Farley expressed confidence in matching Tesla on EV returns, stating that Tesla is facing more pressure on margins. Ford aims for an 8% return from its EV business by 2026 and to produce 2 million EVs.

Portfolio Pulse from Anan Ashraf

May 23, 2023 | 3:20 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, posted gains on Monday evening despite the ongoing US debt ceiling crisis. The global crypto market capitalization increased by 1.52% to $1.13 trillion. Analysts predict significant volatility for Bitcoin in the coming week.

Portfolio Pulse from Mehab Qureshi

May 23, 2023 | 2:57 am

QQQ

SPY

Democratic presidential candidate Marianne Williamson criticized House Speaker Kevin McCarthy's resolution on spending cuts, accusing him of targeting the poor and disadvantaged. The debt ceiling crisis remains unresolved, but the Nasdaq Composite closed at its highest level since August. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) saw gains.

Portfolio Pulse from Bhavik Nair

May 23, 2023 | 2:39 am

HEPA

PFE

TSLA

ZIM

ZM

US markets ended mixed on Monday as debt ceiling resolution negotiations continue. Tesla, Zoom, Hepion, Pfizer, and ZIM stocks drew investor attention due to various reasons such as advertising, earnings, and drug developments.

Portfolio Pulse from Bhavik Nair

May 23, 2023 | 1:22 am

YELP

Activist investor TCS Capital has called on Yelp to explore a sale, believing that the company is undervalued and could benefit from a strategic buyer.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 10:35 pm

MAGA

Hal Lambert, founder of the Point Bridge America First ETF (BATS:MAGA) and former Trump ally, is now backing Florida Governor Ron DeSantis for the 2024 election. Lambert, a major GOP donor, believes Trump's focus on the past will hinder his chances in the general election. The MAGA ETF, which invests in companies supporting Republican candidates and causes, has $18.5 million in assets under management.

Portfolio Pulse from Chris Katje

May 22, 2023 | 10:18 pm

ICVX

Icosavax (NASDAQ:ICVX) announced a registered direct offering of 8.37M shares at $8.10 per share, expecting to raise $67.8M. The financing was led by TCGX, with participation from Logos Capital and Vivo Capital.

Portfolio Pulse from Charles Gross

May 22, 2023 | 9:55 pm

BBGI

Beasley Broadcast Group (BBGI) has regained compliance with Nasdaq's minimum bid price requirement, according to a notice received on May 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 9:46 pm

KRYS

The FDA has approved Krystal Biotech's Vyjuvek for treating patients with dystrophic epidermolysis bullosa (DEB). The annual pricing per patient is estimated at $485,000 after government discounts. Krystal estimates 3,000 total DEB patients in the US, with a $750 million market opportunity. Analysts project $900 million in US peak sales.

Portfolio Pulse from Vandana Singh

May 22, 2023 | 9:42 pm