Streetbeat News

Stock Prices

BTCUSD

ETHUSD

The approval of spot Ethereum ETFs by the SEC has not led to the expected price surge for ETH. The approval process is still incomplete, with S-1 registration statements pending. Political factors and regulatory uncertainties are contributing to market caution. Analysts have mixed views on the impact of these developments.

Portfolio Pulse from Murtuza Merchant

May 24, 2024 | 2:26 pm

EQX

Equinox Gold (AMEX:EQX) has successfully poured its first gold at the Greenstone project in Ontario, following a $1 billion acquisition. The project is expected to significantly boost Equinox's production capacity and cash flow, with projections of 199,000 ounces of gold production next year. Analysts are optimistic about the stock's performance as the project ramps up.

Portfolio Pulse from Stjepan Kalinic

May 24, 2024 | 2:25 pm

AMD

FEPI

MSFT

NVDA

RVER

AMD CEO Lisa Su highlighted the company's progress towards improving data center power efficiency, aiming for a 30x increase by 2025 and potentially 100x by 2026-2027. AMD's advancements in AI-specific architectures and hardware-software co-design are crucial in addressing AI's power consumption issues. Microsoft is considering integrating AMD's MI300X AI chips into Azure, and AMD has gained market share in the x86 processor market. AMD stock has gained over 48% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 2:25 pm

GOOG

GOOGL

IXP

META

MSFT

NVDA

VOX

Meta Platforms Inc (NASDAQ:META) is considering a paid version of its AI assistant, Meta AI. This move aligns with competitors like Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, GOOGL), who charge for advanced AI features. Meta's AI initiatives include a custom AI chip to reduce dependence on Nvidia (NASDAQ:NVDA). Analysts see Meta as undervalued due to its AI and ad potential. Meta's stock has risen 87% in the last year.

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 2:21 pm

GOOGL

Google's early adoption of AI technology has significantly boosted its stock performance, with a 96% rise in 2023 and a recent breakout above $151, signaling a potential long-term bullish trend. The company's integration of AI into core products and advertising platforms has been a key driver of this growth.

Portfolio Pulse from Zaheer Anwari

May 24, 2024 | 2:17 pm

BABA

BABAF

Alibaba Group Holding Ltd (NYSE:BABA) plans to raise $4.5 billion through convertible bonds to fund share buybacks amidst fierce competition and a slow Chinese economic recovery. The bonds have a 0.5% coupon and a conversion price set at $105.04 per ADS. Despite the strategic move, Alibaba's stock has shown mixed technical signals and has experienced a recent decline.

Portfolio Pulse from Surbhi Jain

May 24, 2024 | 2:14 pm

ELF

e.l.f. Beauty shares are trading higher due to continued strength following the company's recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 2:13 pm

CROX

Investor Business Daily's SwingTrader has added Crocs (CROX) to its portfolio, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 2:12 pm

AZUL

CINT

CLCO

DECK

GCI

MGNI

MRUS

OKLO

PDD

ROST

ZIM

Deckers Outdoor Corporation (NYSE:DECK) reported significantly better-than-expected quarterly earnings, leading to a sharp rise in its stock price. Other notable gainers include Merus N.V. (NASDAQ:MRUS), Magnite, Inc. (NASDAQ:MGNI), Oklo Inc. (NYSE:OKLO), Guardant Health, Inc. (NASDAQ:GH), CI&T Inc. (NYSE:CINT), Azul S.A. (NYSE:AZUL), Ross Stores, Inc. (NASDAQ:ROST), ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), Cool Company Ltd. (NYSE:CLCO), PDD Holdings Inc. (NASDAQ:PDD), and Gannett Co., Inc. (NYSE:GCI).

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 2:12 pm

BND

EMB

QQQ

SPY

Investors are increasingly worried about the impact of rising U.S. debt on the bond market, especially as the presidential election approaches. Concerns are growing that large fiscal deficits could overshadow an anticipated bond rally, affecting Treasury yields and bond ETFs like Vanguard Total Bond Market ETF (BND) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). Major indices like Invesco QQQ Trust (QQQ) and SPDR S&P 500 (SPY) are showing resilience despite these concerns.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 2:09 pm