Streetbeat News

Stock Prices

MLGO

MicroAlgo shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:37 pm

AMZN

MSFT

Amazon is developing an AI chatbot named 'Metis' to compete directly with OpenAI's ChatGPT. This move positions Amazon against other tech giants in the AI space.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:37 pm

NVO

REGN

Regeneron Pharmaceuticals (NASDAQ:REGN) released promising Phase 1 data on garetosmab and trevogrumab, showing significant improvements in body composition. Goldman Sachs maintains a Buy rating with a $1,180 price target. Regeneron is also conducting a Phase 2 study with Novo Nordisk's (NYSE:NVO) semaglutide. REGN shares are up 1.29%.

Portfolio Pulse from Vandana Singh

June 24, 2024 | 6:36 pm

AMZN

INTC

NVDA

Crypto venture capitalist Andrew Kang compared Ethereum to tech stocks, suggesting its current valuation and growth prospects resemble past tech bubbles. He believes Ethereum's trajectory mirrors Intel's, with slower innovation and fierce competition leading to lower growth rates and valuations. Kang also expressed skepticism about the ability of support levels to hold in the face of potential market disruptions.

Portfolio Pulse from Khyathi Dalal

June 24, 2024 | 6:34 pm

LLY

RMD

ResMed, Inc. (NYSE:RMD) shares are trading lower after Eli Lilly and Company (NYSE:LLY) released positive data from its SURMOUNT-OSA phase 3 clinical trial for tirzepatide, a potential treatment for obstructive sleep apnea. The trial showed significant efficacy, posing a competitive threat to ResMed's sleep apnea products.

Portfolio Pulse from Dylan Berman

June 24, 2024 | 6:33 pm

MLGO

MicroAlgo shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 177.2%.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:33 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has outperformed the market over the past 5 years with an average annual return of 27.46%, significantly higher than the market average. A $100 investment in BJ stock 5 years ago would now be worth $335.39. The company currently has a market capitalization of $11.74 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 6:30 pm

NEE

NextEra Energy (NYSE:NEE) has significantly outperformed the market over the past 20 years, delivering an average annual return of 11.85%. A $1000 investment in NEE 20 years ago would be worth $9,264.74 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 6:30 pm

BYND

Beyond Meat, Inc. (NASDAQ:BYND) shares are trading higher on above-average volume following the announcement of its fourth generation Beyond Sausage. The company is also cutting its 2024 budget by $70 million. Despite these developments, the stock has fallen 25% year-to-date and faces a potential short-squeeze with 38.88% of shares sold short. Analysts have a mixed outlook with no positive ratings and an average 12-month price target of $6.3.

Portfolio Pulse from Erica Kollmann

June 24, 2024 | 6:27 pm

BTCUSD

DJT

RUM

Former President Donald Trump is in discussions to speak at a Bitcoin convention in Nashville this July. This event could potentially influence the cryptocurrency market and related stocks.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:27 pm