Streetbeat News

Stock Prices

PLTR

SOUN

TSLA

TTD

On Thursday, major U.S. indices closed higher, with the Dow Jones Industrial Average rising nearly 1.8%, the S&P 500 surging 2.3%, and the Nasdaq climbing almost 2.9%. Key stocks that gained attention include Palantir Technologies, SoundHound AI, Unity Software, The Trade Desk, and Tesla. Palantir surged 11.25% due to a partnership with Microsoft. SoundHound AI rose 21.16% after acquiring Amelia and beating revenue estimates. Unity Software increased by 3.09% after beating financial estimates. The Trade Desk climbed 3.96% with strong financial results and high customer retention. Tesla rose 3.69% despite a survey showing declining appeal among younger generations.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 3:28 am

AMZN

HOOD

Cathie Wood's Ark Invest made significant trades, buying $6.05M worth of Robinhood shares and selling $9.1M worth of Zoom shares. The firm also made smaller trades involving Amazon, Discovery, Guardant Health, and Vertex Pharmaceuticals.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 2:39 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market rebounded sharply on Thursday, reversing losses from earlier in the week. Bitcoin surged by 9.57% to $61,177.40, Ethereum rose by 11.47% to $2,665.47, and Dogecoin increased by 9.93% to $0.1066. The rally led to significant liquidations and improved market sentiment. Analyst Rekt Capital is bullish on Bitcoin, while trader Ali Martinez is optimistic about Ethereum reaching $2,930.

Portfolio Pulse from Aniket Verma

August 09, 2024 | 2:34 am

AAPL

MSFT

PLTR

Joe Lonsdale, co-founder of Palantir Technologies, discussed the current impact of AI on the economy, noting that while AI has not yet driven immediate growth, it holds potential for future productivity gains. Palantir's recent success, including a 27% revenue increase and a partnership with Microsoft, was highlighted. Lonsdale expressed skepticism about AI's immediate impact on Apple.

Portfolio Pulse from Ananya Gairola

August 09, 2024 | 2:20 am

JPM

Former President Donald Trump has proposed that presidents should have the power to influence the Federal Reserve’s interest rate decisions, potentially challenging the central bank’s political independence. Trump made this suggestion during a press conference in Palm Beach, Florida, arguing that the president should have a say in the Federal Reserve’s decisions. The Federal Reserve declined to comment on Trump’s remarks.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 12:57 am

SPOT

Joe Rogan has endorsed independent presidential candidate Robert Kennedy Jr. over major party candidates on his podcast, 'The Joe Rogan Experience.' Rogan criticized both Democrats and Republicans and praised Kennedy for his political approach. Despite the endorsement, Kennedy's support remains low in polls. Rogan's podcast is exclusive to Spotify.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 12:48 am

SATS

EchoStar Corporation (NASDAQ:SATS) is set to release its Q2 earnings on Aug. 9, with analysts expecting a quarterly loss of 25 cents per share and revenue of $3.98 billion. The company previously posted worse-than-expected Q1 results. Analysts from Morgan Stanley, JP Morgan, UBS, and Citigroup have maintained neutral ratings but adjusted their price targets.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 12:34 am

CINGW

Trading for CINGW was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:50 pm

CING

Trading for Cingulate Inc. (CING) was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:50 pm

GRWG

GrowGeneration Corp. (NASDAQ:GRWG) reported a Q2 revenue increase of 11.8% to $53.5 million. The company saw a slight improvement in gross margin and a sequential improvement in net loss and adjusted EBITDA. CEO Darren Lampert highlighted strategic initiatives and a restructuring plan aimed at reducing annual expenses by $12 million.

Portfolio Pulse from Nicolás Jose Rodriguez

August 08, 2024 | 11:18 pm