Streetbeat News

Stock Prices

FXY

The Japanese yen appreciated significantly due to hawkish remarks from the Bank of Japan and disappointing U.S. manufacturing data. The Invesco CurrencyShares Japanese Yen Trust (FXY) saw a rise of over 0.9%. Analysts predict potential further yen appreciation and volatility in the markets.

Portfolio Pulse from Piero Cingari

September 03, 2024 | 4:55 pm

DIS

DKNG

MGM

PENN

DraftKings (DKNG) is positioned strongly ahead of the 2024 NFL season with aggressive promotions and a solid market share. Analyst Bernie McTernan maintains a Buy rating with a $60 price target, noting DraftKings' competitive edge in customer acquisition and promotional strategies compared to rivals like FanDuel and ESPN Bet.

Portfolio Pulse from Chris Katje

September 03, 2024 | 4:52 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading higher due to the unveiling of its modular flying car, the Land Aircraft Carrier, by its flying car division, Xpeng Aeroht. The company plans mass production and deliveries in 2026, with a price of up to $280,000. The first public manned flight is scheduled for November. XPeng's Guangzhou factory aims to produce over 10,000 units annually. XPeng delivered 14,036 Smart EVs in August, a 3% increase year-over-year.

Portfolio Pulse from Nabaparna Bhattacharya

September 03, 2024 | 4:52 pm

CCJ

DNN

LEU

UEC

URG

UROY

UUUU

Uranium stocks are declining as uranium prices fall, influenced by economic contraction signals from August's ISM Manufacturing PMI data and anticipation of non-farm payrolls data affecting future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:41 pm

CVX

DRLL

XLE

Chevron Corporation has initiated water injection projects at its Jack/St. Malo and Tahiti facilities in the Gulf of Mexico, aiming to boost oil and gas recovery. Despite these developments, Chevron's stock is trading lower. Investors can also gain exposure through energy ETFs like DRLL and XLE.

Portfolio Pulse from Lekha Gupta

September 03, 2024 | 4:40 pm

SPHR

Sphere Entertainment Co (NYSE:SPHR) faces high production costs and scalability issues, leading to a downgrade by Benchmark analyst Mike Hickey. The profitability outlook is 'underwhelming,' with a price target set at $40. Challenges include expensive content creation, financial risks, and difficulties in replicating the Las Vegas model elsewhere.

Portfolio Pulse from Priya Nigam

September 03, 2024 | 4:39 pm

BTCUSD

TradeTheFlow, a crypto researcher, highlights an unusual cycle in the crypto market where Bitcoin continues to dominate, deviating from the typical sequence where altcoins gain traction. The analyst suggests a more strategic approach to altcoin investment as the market matures.

Portfolio Pulse from Khyathi Dalal

September 03, 2024 | 4:37 pm

DYN

SRPT

Dyne Therapeutics' stock dropped significantly after releasing new data from its Phase 1/2 DELIVER trial for DYNE-251, a drug for Duchenne muscular dystrophy. Despite showing higher dystrophin expression levels compared to Sarepta's EXONDYS 51, the stock fell by 31.90%.

Portfolio Pulse from Vandana Singh

September 03, 2024 | 4:37 pm

GCT

GigaCloud Technology shares rose following the announcement of a $46 million share repurchase plan over the next year.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:37 pm

BIDU

IWF

NVDA

VGT

Nvidia continues to dominate the AI chip market despite challenges from Huawei, which struggles with its software platform. Nvidia's stock has surged 146% in the past year, though it recently traded down 7.65%. Investors can access Nvidia through ETFs like VGT and IWF.

Portfolio Pulse from Anusuya Lahiri

September 03, 2024 | 4:32 pm