Streetbeat News

Stock Prices

AAPL

DA Davidson analyst Tom Forte downgrades Apple (NASDAQ:AAPL) from Buy to Neutral and lowers the price target from $193 to $185.

Portfolio Pulse from richadhand@benzinga.com

June 06, 2023 | 8:46 am

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Unity Software (NYSE:U) shares soared after Apple (NASDAQ:AAPL) announced a collaboration with the company for the release of the Apple Vision Pro mixed-reality headset. Unity Software is a significant holding in Ark Investment Management's flagship Ark Innovation ETF (NYSE:ARKK), Ark Autonomous Technology & Robotics (NYSE:ARKQ) ETF, and Ark Next Generation Internet ETF (NYSE:AKRW).

Portfolio Pulse from Shanthi Rexaline

June 06, 2023 | 8:42 am

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Investors are focusing on J. M. Smucker Company, Sprinklr, THOR Industries, GE HealthCare Technologies, and Casey's General Stores as they report earnings and other updates. Smucker and Sprinklr reported better-than-expected earnings, while GE HealthCare announced a secondary offering of 25 million shares.

Portfolio Pulse from Lisa Levin

June 06, 2023 | 8:13 am

META

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Elon Musk responded to Twitter's lower ranking in monthly active users, stating that the platform ranks higher when assessed by total user-hours per month. Digital intelligence company Similarweb supported this claim, showing Twitter ranking third in terms of website traffic over the last three months.

Portfolio Pulse from Ananya Gairola

June 06, 2023 | 6:57 am

AAPL

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The Dow Jones dropped 200 points, but the CNN Money Fear and Greed index showed improved investor sentiment at 73.0. Apple shares settled slightly lower after unveiling new products. Investors await earnings results from J. M. Smucker, THOR Industries, and Casey's General Stores.

Portfolio Pulse from Lisa Levin

June 06, 2023 | 6:49 am

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TSLA

Tesla Inc (NASDAQ:TSLA) experienced a 13,656% YoY increase in new vehicle registrations in the UK, with 3,439 new cars registered in May 2023. The Model Y was the standout performer, contributing 2,509 units to the total registrations. Ford Motor Co's (NYSE:F) Puma topped the charts with 4,184 new vehicle registrations.

Portfolio Pulse from Anan Ashraf

June 06, 2023 | 6:38 am

FCX

Freeport-McMoRan Inc (NYSE:FCX) shares experienced mixed news as they were upgraded at Citigroup and downgraded at Bank of America. Citigroup analyst Brian Yu upgraded shares to Buy from Neutral with a price target raised to $23 from a previous $19, citing an appealing valuation. Meanwhile, Bank of America analyst Oscar Carbera downgraded shares to Underperform from Neutral with a price target lowered to $19 from a previous $22.50, due to a bleak near-term commodities outlook.

Portfolio Pulse from Jayson Derrick

June 06, 2023 | 6:10 am

BTCUSD

The cryptocurrency market tumbled following the SEC's lawsuit against Binance, resulting in over $300 million of losses in liquidations within 24 hours. Long positions accounted for $274 million of the losses, marking the largest level of long liquidations in at least three months. Bitcoin traders were hit the hardest, with losses totaling almost $111 million.

Portfolio Pulse from Mehab Qureshi

June 06, 2023 | 6:06 am

AAPL

META

Apple and Meta Platforms are competing in the AR/VR market with their respective headsets, Vision Pro and Quest 3. Apple's Vision Pro is priced at $3499, while Meta's Quest 3 is more affordable at $499.99. The Vision Pro offers advanced features, such as Spatial Audio support and a dedicated App Store, while the Quest 3 focuses on VR gaming experiences.

Portfolio Pulse from Ananya Gairola

June 06, 2023 | 5:14 am

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Chinese automaker Great Wall Motor reported a 104.1% YoY increase in new energy vehicle sales in May, selling 23,755 units. However, it trailed behind Li Auto and Warren Buffett-backed BYD, which reported 146% and 109% YoY increases, respectively. Ford CEO Jim Farley named Great Wall Motor as one of the main competitors in the EV market.

Portfolio Pulse from Anan Ashraf

June 06, 2023 | 5:12 am