Streetbeat News

Stock Prices

STEP

StepStone has priced a secondary offering of 4,099,997 shares at $50 per share. The proceeds will be used to purchase shares from certain holders and pay cash upon exchange of units, resulting in no dilution to existing stockholders.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 7:30 am

BTCUSD

A Federal Reserve survey highlights a disconnect between Bitcoin's market price and ownership, with ownership rates dropping despite price recovery. The survey raises concerns about the lasting impact of the 2022 crypto winter on investor sentiment.

Portfolio Pulse from Aniket Verma

September 10, 2024 | 7:26 am

KGS

Kodiak Gas Services announced a common share offering of 6,086,957 shares at $25 each. Concurrently, the company plans a $25 million share repurchase from the selling stockholder at the same price. The offering is not dependent on the repurchase, but the repurchase is contingent on the offering's closure.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 7:05 am

TSLA

Tesla's insurance registrations in China reached 16,200 last week, marking a 12.5% increase from the previous week and the third-highest this year. This surge suggests Tesla is on track for its best quarter ever in China, with registrations up 15% year-over-year and 25% quarter-over-quarter. Despite competition from domestic automakers, Tesla's Shanghai gigafactory is operating at full capacity, producing the Model 3 and Model Y for both domestic and international markets.

Portfolio Pulse from Anan Ashraf

September 10, 2024 | 6:28 am

AAPL

Apple's iPhone 16 launch in China has been met with disappointment due to the lack of AI features, amid rising competition from Huawei. Despite the criticism, analysts believe the absence of AI features may not significantly impact Apple's near-term sales, but stress the need for Apple to establish an AI ecosystem in China to stay competitive.

Portfolio Pulse from Ananya Gairola

September 10, 2024 | 6:26 am

AMD

INTC

NVDA

AMD is shifting its focus from gaming GPUs to AI chips, projecting $4.5 billion in sales for its MI300x AI chip in 2024. This move is part of AMD's strategy to compete with Nvidia in the AI sector. The company plans to release new AI chips annually, with significant growth expected in AI-related revenue.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 6:23 am

PLAY

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) is set to release its Q2 earnings on September 10, with expectations of improved earnings per share and revenue. Despite a recent drop in share price, analysts have adjusted their ratings and price targets, reflecting mixed sentiments.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 6:15 am

ASO

GME

NVDA

PLAY

RLAY

The Dow Jones surged over 1% on Monday, recovering from last week's losses. NVIDIA shares rose 3.5% after a significant drop last week, while Relay Therapeutics saw a 52% jump following positive interim data for its breast cancer treatment. The Fear & Greed Index remains in the 'Fear' zone, indicating cautious investor sentiment.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 6:12 am

EWG

Germany's Consumer Price Index (CPI) for August decreased by 0.1%, matching the estimated decline and contrasting with a 0.3% increase in the prior month. This data may influence the performance of the iShares MSCI Germany ETF (EWG), which tracks the German market.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:07 am

EWG

Germany's Consumer Price Index (CPI) for August remained steady at 1.9% year-over-year, matching expectations and showing a decrease from the previous 2.3%. This stability in inflation could impact German-focused ETFs like EWG.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:06 am