Streetbeat News

Stock Prices

AMAT

CTLT

FTCH

Deere & Company, Applied Materials, Foot Locker, Farfetch, and Catalent are stocks to watch on Friday. Deere and Catalent are expected to post earnings before the opening bell, while Applied Materials reported better-than-expected Q2 results. Foot Locker is expected to have earned 81 cents per share for the latest quarter, and Farfetch reported better-than-expected Q1 results.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 9:17 am

ARKF

ARKW

PLTR

Cathie Wood's Ark Invest has increased its stake in Palantir Technologies (NYSE:PLTR) by $3.4 million as the stock reached a 1-year high following strong Q1 results. Ark Invest purchased 286,714 shares through its three ETFs: ARKF, ARKF, and ARKW.

Portfolio Pulse from Shanthi Rexaline

May 19, 2023 | 8:59 am

CTLT

Catalent, Inc. (NYSE:CTLT) is expected to report a sharp decline in Q3 earnings, with analysts estimating earnings of 33 cents per share, down from $1.04 per share a year ago. The company's revenue is expected to be $1.02 billion. Several analysts have recently adjusted their price targets for CTLT.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 8:09 am

BNO

VDE

Oil is on track for its first weekly gains in over a month as optimism grows that Congress will resolve the debt limit impasse. West Texas Intermediate and Brent futures are trading higher, while the United States Brent Oil Fund (BNO) and Vanguard Energy Index Fund ETF (VDE) experienced mixed results.

Portfolio Pulse from Bhavik Nair

May 19, 2023 | 7:38 am

AAPL

MSFT

TSLA

TSM

TXN

The New York State Common Retirement Fund reduced its holdings in mega-cap technology stocks, including Apple, Tesla, and Microsoft, in Q1 2023. The fund shifted its focus towards chip-based stocks, buying shares of Taiwan Semiconductor and Texas Instruments.

Portfolio Pulse from Bhavik Nair

May 19, 2023 | 7:31 am

TSLA

Shark Tank investor Kevin O'Leary expressed interest in Tesla's Cybertruck, praising its unique design and potential high margins due to manufacturing efficiency. He also mentioned his investments in suppliers providing technology for the truck.

Portfolio Pulse from Shanthi Rexaline

May 19, 2023 | 7:20 am

CTLT

WMT

Investor sentiment in the US improved as the Nasdaq Composite surged to its highest closing level since August 2022. Walmart reported better-than-expected Q1 results and raised its full-year forecast. Investors await earnings results from Deere & Company, Foot Locker, and Catalent.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 6:34 am

QQQ

SHY

SPY

VGSH

President Joe Biden has urged negotiators to continue pursuing a debt-limit deal, expressing confidence that Congress will act in time. U.S. markets ended in the green for the second straight day, with SPY and QQQ gaining. However, bond sales by the Treasury Department may drain liquidity from the banking system and push up short-term borrowing rates, affecting SHY and VGSH.

Portfolio Pulse from Bhavik Nair

May 19, 2023 | 5:48 am

BTCUSD

MARA

Marathon Digital Holdings CEO Fred Thiel warns that Biden's proposed tax on Bitcoin miners may drive the industry out of the US. Thiel argues that the tax won't increase renewable power and that Bitcoin mining in Texas is negatively impacting other industries. Marathon Digital is considering expanding its operations outside the US.

Portfolio Pulse from Mehab Qureshi

May 19, 2023 | 4:38 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a setback on Thursday due to regulatory uncertainty and ongoing debt ceiling talks in Washington D.C. Analyst Benjamin Cowen predicts a 50% drop in Bitcoin's value this year, but expects it to recover and reach $35,000.

Portfolio Pulse from Mehab Qureshi

May 19, 2023 | 2:52 am