Streetbeat News

Stock Prices

ALIM

ANIP

CCL

FDX

NVDA

SNX

The Nasdaq Composite experienced its worst session since April, with Nvidia plunging 7%. The Dow Jones saw modest gains, closing over 260 points higher. Alimera Sciences surged 76% after announcing an acquisition by ANI Pharmaceuticals. Investors are awaiting earnings results from Carnival Corporation, FedEx, and TD SYNNEX.

Portfolio Pulse from Avi Kapoor

June 25, 2024 | 6:45 am

TSLA

Elon Musk reassures Tesla investors of 'exceptional' long-term returns despite a 26% decline in stock value this year. Tesla's performance has impacted Baron Partners Fund, which remains bullish on the company. Tesla faces industry headwinds, competitive pressure, and margin erosion due to price cuts. The company is shifting focus to AI, robotics, and ancillary businesses like full self-driving technology and energy. Cathie Wood’s Ark Invest predicts Tesla stock could reach $2,600 by 2029.

Portfolio Pulse from Shanthi Rexaline

June 25, 2024 | 6:26 am

AMD

ARM

INTC

QCOM

Arm Holdings CEO Rene Haas believes analysts have underestimated the rapid growth of AI, which is significantly impacting the company's performance. Arm Holdings, recently added to the Nasdaq 100, has seen its stock surge nearly 140% since its public debut in September. The company is positioning itself as a major player in the AI chip market, despite facing legal challenges with Qualcomm.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 5:57 am

BTCUSD

ETHUSD

SOLUSD

Solana (SOL) surged over 8% in the last 24 hours, defying the broader market trend where Bitcoin (BTC) and Ethereum (ETH) saw significant drops. The increase in SOL's price is potentially linked to the launch of Wrapped Bitcoin (WBTC) on the Solana network, facilitated by Wormhole. This development comes amid predictions of an altcoin market recovery.

Portfolio Pulse from Aniket Verma

June 25, 2024 | 5:45 am

PARA

Paramount Global (NASDAQ: PARA) has announced a price hike for its Paramount+ subscription plans starting in August. The ad-free Paramount+ With Showtime plan will increase by $1 to $12.99 per month, while the Paramount+ Essential plan with ads will rise by $2 to $7.99 per month for new subscribers. Existing subscribers will see the new prices from their next billing date on or after September 20. Annual subscription plans remain unchanged.

Portfolio Pulse from Ananya Gairola

June 25, 2024 | 4:53 am

LLY

NVO

Novo Nordisk A/S (NYSE:NVO) is investing $4.1 billion to expand its U.S. manufacturing operations to meet the growing demand for its weight loss drugs, Wegovy and Ozempic. The new plant near Raleigh, North Carolina, will double its size and is expected to be operational between 2027 and 2029. This move aims to address recent shortages and compete with Eli Lilly's rival drugs.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 4:41 am

DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

Memecoins such as Dogwifhat, Floki, and Bonk recorded significant gains despite a broader market sell-off. Dogecoin and Shiba Inu also traded positively. The surge in memecoins comes amid panicky market sentiment and defunct cryptocurrency exchange repayment plans.

Portfolio Pulse from Aniket Verma

June 25, 2024 | 4:08 am

SPR

Boeing Co. (NYSE:BA) has proposed to acquire Spirit AeroSystems Holdings Inc. (NYSE:SPR) in a deal valued at $35 per share, primarily funded by stock. This move aims to alleviate Boeing's financial pressure and regain control over the quality of its jetliner structures. The acquisition comes as Boeing faces potential criminal charges related to the 737 Max crashes.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 4:04 am

ORCL

Oracle Corp (NYSE:ORCL) has warned investors about the potential financial impact of a U.S. ban on TikTok. A new law signed by President Joe Biden could make it illegal to provide internet hosting services to TikTok, which could adversely affect Oracle's revenue and profit. Oracle's cloud infrastructure, used by TikTok to store and process U.S. user data, generates significant revenue for the company. Analysts estimate Oracle’s annual revenue from TikTok to be between $480 million and $800 million. The potential ban could lead to a substantial loss in revenue for Oracle.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 3:27 am

ABSI

COIN

ROKU

TDOC

VERV

Cathie Wood's Ark Invest sold 3,341 shares of Coinbase amidst a volatile cryptocurrency market, with Bitcoin dropping below $62,000. Other significant trades included selling shares of Teladoc Health and Verve Therapeutics, and buying shares of Absci Corp and Roku.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 3:17 am