Streetbeat News

Stock Prices

ORCL

Oracle Corp.'s (NYSE:ORCL) stock reached record highs amid the AI boom, boosting founder Larry Ellison's net worth to $129.8 billion, surpassing Bill Gates. Oracle's strong performance is driven by increased Oracle Cloud Infrastructure adoption and acceleration in AI.

Portfolio Pulse from Benzinga Newsbot

June 13, 2023 | 6:24 am

ITI

MIND

MPAA

ORCL

The S&P 500 reached its strongest level in 13 months as the CNN Money Fear and Greed index showed improved sentiment among U.S. investors. Markets expect a 72% chance that the Fed will maintain rates. Oracle shares gained 3.6% after reporting better-than-expected Q4 results.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 6:21 am

AAPL

T

TMUS

VZ

Jim Cramer suggests that Apple's Vision Pro headset's high price may not matter as carriers like Verizon, T-Mobile, and AT&T could use it to gain a competitive edge. Apple shares are up over 46% this year, but UBS downgraded the stock to 'Neutral' from 'Buy' due to potential iPhone demand pressure.

Portfolio Pulse from Bhavik Nair

June 13, 2023 | 6:06 am

BTCUSD

ETHUSD

LTCUSD

A 2018 video of SEC Chairman Gary Gensler has resurfaced, in which he states that Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are not securities. This comes amid the SEC's crackdown on cryptocurrency exchanges Coinbase and Binance over the trading of unregistered securities.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 5:29 am

QQQ

SPY

Allianz chief economic adviser Mohamed El-Erian believes the Federal Reserve has three primary options for interest rates, but none are optimal. He argues that recent data favors a rate hike and that the central bank should raise rates by 0.25 percentage points if it is genuinely data-dependent and committed to its 2% inflation target.

Portfolio Pulse from Bhavik Nair

June 13, 2023 | 4:27 am

BTCUSD

DOGEUSD

LTCUSD

A solo Bitcoin miner with limited processing power has successfully mined a block on the Solo CKPool platform, valued at 6 BTC or $160,000. This accomplishment is noteworthy as the odds of achieving this were approximately 1:5,500, and it would typically take around 450 years for a miner of this size.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 4:19 am

TSLA

A Tesla user reported that the Full Self-Driving Beta v11.4.3 upgrade did not resolve their issue with the vehicle taking exits when it shouldn't. Despite Elon Musk's assurance of improvements, the problem remains unresolved.

Portfolio Pulse from Anan Ashraf

June 13, 2023 | 3:24 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Monday evening after the SEC filed lawsuits against Binance and Coinbase. Investors are now focusing on the upcoming May CPI release and the Federal Reserve's interest rate decision. Crypto market capitalization has fallen below key indicators, signaling potential further downward momentum.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 2:59 am

AMD

MSFT

NVDA

QQQ

SPY

TSM

Fidelity's Jurrien Timmer believes the market is almost in a new bull run, with an improving earnings outlook. Tech stocks like NVIDIA, AMD, Taiwan Semiconductor, and Microsoft have registered significant gains since the start of 2023. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 have also seen gains.

Portfolio Pulse from Bhavik Nair

June 13, 2023 | 2:33 am

ARKK

ARKQ

ARKW

GM

META

TSLA

Cathie Wood's ARK Investment Management sold over 393,000 Tesla shares worth $98 million ahead of potential market volatility due to the upcoming Federal Reserve policy announcement. The sale was conducted through ARK Innovation ETF, ARK Autonomous Technology & Robotics ETF, and ARK Next Generation Internet ETF.

Portfolio Pulse from Bhavik Nair

June 13, 2023 | 1:15 am