Streetbeat News

Stock Prices

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market experienced a significant decline due to recession fears and geopolitical tensions. Bitcoin, Ethereum, and Dogecoin saw substantial drops, with Bitcoin hitting an intraday low not seen since February. The global cryptocurrency market fell below $2 trillion, and U.S. stock futures also declined. Historical data suggests that August and September are typically poor months for Bitcoin, but October may bring hope.

Portfolio Pulse from Aniket Verma

August 05, 2024 | 2:47 am

BTCUSD

GBTC

Bitcoin has fallen below $53,000 amid a broader market sell-off, with economist Peter Schiff warning of a potential 'crypto black Monday' and significant ETF liquidations. U.S. stock futures also plunged, reflecting market volatility.

Portfolio Pulse from Aniket Verma

August 05, 2024 | 1:39 am

CWAN

FTDR

LUMN

NEO

PSN

RGEN

SHAK

The article highlights the top-performing mid-cap stocks from July 28 to August 3, including Lumen Technologies, Shake Shack, Parsons Corp, Clearwater Analytics Holdings, Repligen Corp, Frontdoor Inc, and NeoGenomics. These companies saw significant stock price increases due to positive earnings reports, supply agreements, and raised revenue outlooks.

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 12:01 am

BITO

BTCUSD

Economist Peter Schiff warns of a potential 'Crypto Black Monday' if Bitcoin falls below its July low, which could trigger mass liquidations in Bitcoin ETFs. Bitcoin recently fell below $58,000 but recovered slightly. Schiff believes Bitcoin ETF buyers are not long-term holders and may panic sell.

Portfolio Pulse from Shanthi Rexaline

August 04, 2024 | 9:31 pm

AAPL

AMD

ARM

INTC

META

NVDA

NVDX

PLTR

QQQ

SOXL

SOXX

VGT

XLK

The tech sector experienced a significant sell-off in the week ending Aug. 2, with major ETFs and stocks like Nvidia, Intel, and AMD seeing notable declines. Mixed earnings reports, geopolitical concerns, and macroeconomic factors contributed to the downturn. Despite the short-term volatility, analysts like Daniel Ives remain optimistic about the long-term prospects of tech stocks, particularly those involved in AI technology.

Portfolio Pulse from Shanthi Rexaline

August 04, 2024 | 8:35 pm

AAPL

BRK

Renowned investors Bill Gross and Warren Buffett have hinted at a bearish outlook for the stock market. Gross advised selling recoveries, while Buffett's Berkshire Hathaway sold a net $75.5 billion worth of stock, including a significant reduction in Apple Inc. shares. This has caused a stir among investors and analysts.

Portfolio Pulse from Bibhu Pattnaik

August 04, 2024 | 6:56 pm

BRK

TSLA

Berkshire Hathaway's cash position has increased to $277 million, sparking speculation about potential investments, including Tesla. However, fund manager Gary Black notes that Warren Buffett's value investing strategy is unlikely to align with Tesla's high valuation. Despite social media buzz, Buffett has historically preferred stocks with lower price-earnings multiples.

Portfolio Pulse from Shanthi Rexaline

August 04, 2024 | 5:12 pm

AAPL

AMZN

INTC

META

MSFT

NVDA

The Biden administration announced a new rule on foreign chip equipment exports to China, with exemptions for key allies. Microsoft, Meta, and Apple reported strong earnings, beating analyst estimates. Amazon faces a shift in consumer preferences and product recalls. Nvidia is launching a new chip in China, and Intel offers extended warranties for its CPUs.

Portfolio Pulse from Lekha Gupta

August 04, 2024 | 4:30 pm

ARM

EDU

ENTG

INTC

MBLY

MRNA

MSTR

PINS

SNAP

SYM

TEAM

WDC

The article highlights the top 12 large-cap stock losers from July 28 to August 3, including Symbotic, Intel, Snap, Moderna, Mobileye, Pinterest, Arm Holdings, Entegris, Atlassian, MicroStrategy, New Oriental Education, and Western Digital. These stocks experienced significant declines due to various factors such as worse-than-expected earnings, weak guidance, and analyst downgrades.

Portfolio Pulse from Lekha Gupta

August 04, 2024 | 3:20 pm

JPM

Economic concerns are driving debt investors to seek insurance against corporate bond defaults, with significant increases in the cost of insuring high-grade credits. The credit default swap index saw its highest trading volumes in months, reflecting fears of a market downturn due to weak labor market data and disappointing tech earnings. JPMorgan Chase & Co. and BNP Paribas SA recommend hedging against potential risks.

Portfolio Pulse from Bibhu Pattnaik

August 04, 2024 | 2:58 pm