Streetbeat News

Stock Prices

IVV

SPY

Economist David Rosenberg, known for predicting the 2008 crash, warns of a 'mega-bubble' in the stock market, suggesting the S&P 500 is overvalued by at least 25%. He advises against chasing momentum and highlights economic weaknesses. Investors can track the S&P 500 through ETFs like SPDR S&P 500 (SPY) and iShares Core S&P 500 ETF (IVV).

Portfolio Pulse from Erica Kollmann

October 20, 2024 | 5:00 pm

AMZN

NVDA

OKLO

TSLA

The tech world is abuzz with AI developments, including Nvidia's praise for OpenAI and Tesla's humanoid robots. Oklo's CEO highlights the growing demand for nuclear power in AI, while Amazon challenges Nvidia with a Databricks deal.

Portfolio Pulse from Benzinga Neuro

October 20, 2024 | 1:01 pm

AAPL

Apple Inc. (NASDAQ:AAPL) had a significant week, marked by the termination of its self-driving car project, a secret partnership with BYD for EV batteries, record-breaking iPhone sales, and inventory shortages hinting at new product launches.

Portfolio Pulse from Benzinga Neuro

October 20, 2024 | 11:00 am

BTCUSD

COIN

This week in crypto saw a variety of stories, including a lawsuit over lost Bitcoins, Coinbase CEO's admiration for Elon Musk, and Anthony Scaramucci's Bitcoin investments. The crypto market is predicted to reach all-time highs soon.

Portfolio Pulse from Benzinga Neuro

October 20, 2024 | 5:58 am

NVDA

NVDL

NVDU

Nvidia's stock has surged over 233% in the past year, reaching a market cap of over $3 trillion. Experts predict further growth, with some expecting the stock to double in the coming years due to strong demand for GPU chips and AI investments. Analysts have set various price targets, with Bofa Securities raising theirs to $190. ETFs tracking Nvidia, such as NVDL and NVDU, have also seen significant gains.

Portfolio Pulse from Anan Ashraf

October 20, 2024 | 5:22 am

LUV

Southwest Airlines is in settlement talks with Elliott Management to avoid a proxy fight for board control. Elliott, holding an 11% stake, seeks board representation to improve governance and financial performance. Talks are ongoing but not finalized.

Portfolio Pulse from Anan Ashraf

October 20, 2024 | 4:17 am

TSLA

Tesla has addressed concerns about the efficiency of its inductive charging technology for the Cybercab, claiming it is over 90% efficient. CEO Elon Musk stated there is no significant efficiency difference between inductive and conductive charging if designed correctly. The Cybercab, a 2-seater autonomous vehicle, is expected to be priced under $30,000 and enter production before 2027.

Portfolio Pulse from Anan Ashraf

October 20, 2024 | 2:08 am

LUV

Southwest Airlines and Elliott Investment Management are set to begin settlement discussions. This development could impact Southwest's strategic direction and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2024 | 11:36 pm

Boeing has reached a tentative agreement with the International Association of Machinists and Aerospace Workers to end a five-week strike. The deal includes wage increases, retirement benefits, and a ratification bonus. The strike has cost Boeing approximately $1 billion per month and disrupted aircraft production. The union will vote on the proposal on Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2024 | 5:38 pm

ACTV

AIRL

JBLU

SAVE

ULCC

Spirit Airlines has extended its debt deadlines and is renegotiating agreements amid financial struggles, including a halted merger with JetBlue. JetBlue's founder suggests a merger with Frontier Group would have been more suitable. Spirit has faced significant losses and operational challenges.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2024 | 5:30 pm