Streetbeat News

Stock Prices

AAPL

Apple Inc. (NASDAQ:AAPL) has announced the schedule for its 2024 Worldwide Developers Conference (WWDC), where it is expected to unveil its AI strategy and updates to its operating systems. The keynote will take place on June 10, and the event will run until June 14. Analysts predict significant growth for Apple driven by AI advancements, with potential partnerships, such as with Microsoft-backed OpenAI, being highlighted.

Portfolio Pulse from Rounak Jain

May 29, 2024 | 1:39 pm

ARKK

BNBUSD

BTCUSD

ETHUSD

Bitcoin Spot ETFs have reached a record $14.9 billion in year-to-date inflows. Cathie Wood's Ark Invest sees potential legislative breakthroughs for crypto. Ethereum-based DeFi protocol Aave plans to launch its own blockchain by 2025. Binance is praised for its role in a $200 million hack investigation. Meme coins like Shiba Inu and Dogwifhat post double-digit gains despite dips in Bitcoin and Ethereum.

Portfolio Pulse from Akanksha Bakshi

May 29, 2024 | 1:34 pm

VEXTF

Vext Science, Inc. reported a year-over-year decline in Q1 2024 revenue and net income, but announced a $2 million standby credit facility to support its expansion in Ohio's upcoming recreational marijuana market. Despite the decline, Vext's shares rose 5.08% after the market close.

Portfolio Pulse from Jelena Martinovic

May 29, 2024 | 1:34 pm

APPS

Digital Turbine Inc (NASDAQ:APPS) shares fell 12.5% after the company reported Q4 FY2024 revenue of $112.22 million, missing estimates of $117.69 million. Despite beating earnings estimates with 12 cents per share, the company's adjusted EBITDA dropped significantly. New partnerships are expected to add over 70 million new devices globally. Fiscal-year 2025 revenue is projected between $540 million and $560 million, slightly below estimates. Roth MKM analyst Darren Aftahi maintained a Neutral rating and lowered the price target from $3 to $2.50.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 1:31 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) shares are trading lower due to the New York Stock Exchange's (NYSE) collaboration with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). This development may impact Coinbase's market position as a leading cryptocurrency exchange.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 1:30 pm

F

STLA

TM

TSLA

Consumer preferences and OEM investments are shifting from electric vehicles (EVs) to hybrids due to high costs, sparse charging infrastructure, and politicized adoption. JPMorgan analyst Bill Peterson notes that hybrid vehicles are gaining traction as a bridge solution, impacting metals and critical minerals forecasts. U.S. automakers like Toyota, Ford, Kia, and Stellantis are increasingly focusing on hybrids over EVs.

Portfolio Pulse from Surbhi Jain

May 29, 2024 | 1:28 pm

TSLA

Elon Musk criticized President Joe Biden for prioritizing Tesla's unionization over its environmental impact. This adds to the ongoing tension between Tesla and the Biden administration, which Musk has previously criticized for its spending on EV infrastructure.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 1:28 pm

MLCO

Melco Resorts & Entertainment shares are trading higher after B of A Securities upgraded the stock to Buy.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:28 pm

FFIE

Faraday Future is set to share details of its 'US-China Automotive Industry Bridge Strategy,' including Phase 1, in the coming months. The company has also received a Nasdaq grant for an extended suspension pending a hearing.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:27 pm

RNAZ

TransCode Therapeutics has reported data from its first-in-human clinical study using TTX-MC138, a treatment targeting microRNA-10b for metastatic cancer. The study showed promising results in terms of safety and potential efficacy.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:24 pm