Streetbeat News

Stock Prices

CRL

DIS

KBE

UPS

WYNN

Investor sentiment in the US has declined following Moody's downgrade of several US banks' credit ratings. This led to a fall in US stocks, with the SPDR S&P Bank ETF (KBE) dropping around 1.3% and shares of The Goldman Sachs Group, Inc. (GS) falling over 2%. United Parcel Service Inc (UPS) reported mixed Q2 results and issued FY23 revenue guidance below estimates. Investors are awaiting earnings results from Charles River Laboratories International, Inc. (CRL), The Walt Disney Company (DIS), and Wynn Resorts, Limited (WYNN).

Portfolio Pulse from Lisa Levin

August 09, 2023 | 6:10 am

LCID

TSLA

Lucid Motors has revealed the final specifications of its upcoming limited-production Air Sapphire, which can achieve 0-60 mph in 1.89 seconds and has an EPA-estimated range of 427 miles on a single charge. The car is priced at $249,000 and is expected to start production in September. The Sapphire is faster and has a longer range than Tesla's Model S Plaid, which is priced at $108,490.

Portfolio Pulse from Anan Ashraf

August 09, 2023 | 5:16 am

TSLA

Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk has responded to a user's request to address high shipping costs for overseas customers. The user suggested stocking items from Tesla and SpaceX stores in Europe to reduce costs. This comes as Tesla's popularity in the European Union is increasing, with June registrations jumping over 168% YoY and market share more than doubling to 3.3% from 1.5% in June 2022.

Portfolio Pulse from Anan Ashraf

August 09, 2023 | 4:42 am

FXI

China's Producer Price Index (PPI) for July came in at -4.4%, worse than the estimated -4.1% and the prior figure of -5.4%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:50 am

FXI

China's Consumer Price Index (CPI) for July has shown a month-on-month increase of 0.2%, beating the estimate of 0.1% and showing an improvement from the previous month's -0.2%. However, the year-on-year CPI for July is -0.3%, slightly better than the estimated -0.4%, but down from the previous year's 0.0%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:50 am

DOGEUSD

PEPEUSD

SHIBUSD

Pepe Coin (CRYPTO: PEPE) has seen an 8% increase in the last 24 hours, outperforming meme-based cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The daily trading volume of Pepe Coin has increased by over 140%, from $60 million to over $145 million. However, only 29% of all PEPE investors are currently in a profitable position, with 63% of all holders in a losing position.

Portfolio Pulse from Mehab Qureshi

August 09, 2023 | 3:41 am

ARKF

ARKK

ARKW

DKNG

PACB

PLTR

ROKU

Ark Invest, led by Cathie Wood, purchased nearly $14 million worth of shares in Palantir Technologies Inc (NYSE:PLTR) following the company's Q2 earnings report. The purchase was made through ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). Ark Invest also bought shares of Pacific Biosciences Of California (NASDAQ:PACB) and sold shares of DraftKings Inc (NASDAQ:DKNG) and Roku Inc (NASDAQ:ROKU).

Portfolio Pulse from Benzinga Neuro

August 09, 2023 | 3:03 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw significant gains on Tuesday amid optimism about the prospects of a spot Bitcoin ETF being approved by the SEC. Ark Invest CEO Cathie Wood and Galaxy Digital CEO Mike Novogratz expressed their optimism about the ETF. PayPal is set to launch a stablecoin tied to the U.S. dollar. The global crypto market capitalization stands at $1.19 trillion, a 2.11% increase in the last day. Stocks declined on Tuesday as the banking sector received a downgrade from Moody's.

Portfolio Pulse from Mehab Qureshi

August 09, 2023 | 2:40 am

CELH

MARA

RIVN

TSLA

TWLO

Rivian, Marathon Digital, Twilio, Tesla, and Celsius are the top stocks that gained the attention of retail traders and investors. Rivian reported a Q2 revenue of $1.12 billion, surpassing estimates, and raised its full-year production guidance. Marathon Digital reported a net loss of $21.3 million for Q2 2023, a significant improvement from a net loss of $212.6 million in the same period last year. Twilio reported a 10% YoY increase in its Q2 revenue, amounting to $1.04 billion. Tesla's longtime CFO, Zachary Kirkhorn, has left the company. Celsius Holdings reported a record Q2 revenue of $326 million.

Portfolio Pulse from Benzinga Neuro

August 09, 2023 | 1:48 am

ARRY

Array Technologies' shares are trading higher after the company reported better than expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:23 pm