Streetbeat News

Stock Prices

FRCB

KRE

Kevin O'Leary, from 'Shark Tank', warns that the Federal Reserve's aggressive rate hikes are causing serious repercussions for regional banks. The recent hike to a 22-year high of 5.25%-5.50% is increasing the cost of capital and impacting real estate loans. O'Leary predicts more rate hikes to come. The regional banking crisis has already led to the collapse of several small to mid-size banks, including Silicon Valley Bank, First Republic Bank, and Silvergate. The SPDR S&P Regional Banking ETF (KRE) ended Friday’s session up 1.44% at $48.72, but is down about 15% this year.

Portfolio Pulse from Shanthi Rexaline

July 30, 2023 | 6:36 pm

ADBE

NVDA

PLTR

TSLA

This week in AI, Palantir CEO warned about potential harm from AI weapons and called for regulation. Analyst predicts NVIDIA could generate up to $300 billion in AI revenues by 2027. OpenAI CEO launched Worldcoin, a cryptocurrency at the intersection of AI and finance. OpenAI's ChatGPT's portfolio, including Tesla, showed solid performance. Adobe staff expressed concerns that their AI technology could risk customers' jobs.

Portfolio Pulse from Benzinga Neuro

July 30, 2023 | 5:02 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to launch the iPhone 15 with major upgrades, including a light bezel, USB-C port, and camera improvements. The new model will feature a 'truly all-screen' design with no borders around the display and no cutouts for camera or sensors. The iPhone 15 Pro model will have a new design partly made of stronger, lighter, and more premium titanium. The pricing is expected to increase across all four models outside of the U.S.

Portfolio Pulse from Shanthi Rexaline

July 30, 2023 | 4:34 pm

CURLF

LFLY

A pathogen called HLVd is threatening the cannabis industry by reducing the potency of cannabis crops, potentially causing billions of dollars in losses. There is currently no cure for the viroid. Curaleaf Holdings (CURLF) has managed to reduce HLVd detection in its crops to minimal levels. Leafly Holdings (LFLY) issued a report highlighting the value of the cannabis crop and the challenges faced due to lack of federal legalization.

Portfolio Pulse from Maureen Meehan

July 30, 2023 | 2:54 pm

BAC

JPM

WFC

This week's economic highlights include predictions of a decade-long economic boom driven by AI, an expected Federal Reserve rate hike, potential introduction of a gold-backed currency by BRICS nations, and no signs of an impending recession. Wall Street banks, including JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc, Wells Fargo & Co., and Morgan Stanley, are preparing for regulatory shifts that could potentially wipe out nearly all of the $118 billion in extra capital they've accumulated over the past decade.

Portfolio Pulse from Benzinga Neuro

July 30, 2023 | 2:04 pm

AAPL

This week's highlights in the Appleverse include a discount on the Apple MagSafe Battery Pack, a shift in smartphone preferences among young South Koreans towards iPhones, Netflix's decision against developing a native app for Apple's Vision Pro, a lower decline in iPhone shipments compared to the overall smartphone market, and a potential high price tag for the upcoming iPhone 15 Pro Max.

Portfolio Pulse from Benzinga Neuro

July 30, 2023 | 1:00 pm

BLK

TSLA

This week's cryptocurrency news includes the potential impact of a Bitcoin ETF from BlackRock, Elon Musk's support for Dogecoin, Robert Kennedy Jr.'s Bitcoin investment, Congressman Brad Sherman's criticism of Bitcoin, and Tesla's removal of Bitcoin from its payment options. Fundstrat predicts a Bitcoin ETF could boost Bitcoin's price to $180,000. Musk's display of the Dogecoin symbol on Twitter led to an 8% price surge. Kennedy Jr. revealed a $400,000 investment in Bitcoin. Tesla removed Bitcoin from its payment page due to regulatory and environmental concerns.

Portfolio Pulse from Benzinga Neuro

July 30, 2023 | 12:01 am

LYV

PINS

PLTR

TSLA

Barron's has highlighted several stocks in its weekend review. Pinterest's co-founder and executives sold over 166,000 shares, cashing in $5.1 million, yet analysts remain optimistic about the company. General Motors is facing labor strife, which could present a buying opportunity. Live Nation's stock continues to rise due to strong demand for concerts. Tesla is under investigation in California over its autonomous driving features, and there's controversy over its range per charge. Palantir's stock spiked after an analyst recommended it as a major player in the AI revolution.

Portfolio Pulse from Justin Chan

July 29, 2023 | 9:13 pm

MRNA

COVID-19 cases are expected to surge again in the U.S., according to data from the Centers for Disease Control And Prevention. This could potentially impact the bottom lines of biopharma companies like Moderna, Inc. (NASDAQ:MRNA), which is expected to report a loss of $4.03 per share in its second-quarter report. However, with experts predicting that COVID-19 will be a recurring theme, these companies may continue to see some revenue from the ongoing pandemic.

Portfolio Pulse from Shanthi Rexaline

July 29, 2023 | 8:33 pm

NTDOY

WBD

Warner Bros. Games, a division of Warner Bros Discovery Inc. (NASDAQ:WBD), has confirmed the pre-order beta for 'Mortal Kombat 1' from Aug. 18 to Aug. 21. The game will introduce new content and characters, and will be available on Nintendo's (OTC:NTDOY) handheld console at a price of $70, the same as its counterparts on PlayStation 5, Xbox Series X/S and PC. The official launch date is Sept. 19.

Portfolio Pulse from Franca Quarneti

July 29, 2023 | 3:50 pm