Streetbeat News

Stock Prices

MCHI

JPMorgan is optimistic about China's stock market and real estate sector despite recent challenges. Wendy Liu, Chief Asia and China Equity Strategist at JPMorgan, expects earnings to improve in 2024 and sees the CSI300 index reaching 3,900 by year-end. The iShares MSCI China ETF (NASDAQ:MCHI) has risen significantly, reflecting this positive outlook.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 10:00 am

DOGEUSD

FLOKUSD

SHIBUSD

Dogecoin, Shiba Inu, and Floki cryptocurrencies have dropped between 5% to 7% following the death of Kabosu, the dog that inspired their creation. Kabosu's passing has had a notable impact on these meme coins, which are popular in the crypto community.

Portfolio Pulse from Rounak Jain

May 24, 2024 | 10:00 am

CGNT

GMAB

INTU

LAAC

NTES

RYAAY

SMMT

WDAY

Several major stocks, including Intuit, Workday, and others, are experiencing declines in Friday's pre-market trading. Intuit's shares fell despite better-than-expected Q3 earnings due to weak guidance for the current quarter. Workday also saw a significant drop after lowering its forward guidance despite strong Q1 earnings.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 9:45 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) saw a significant stock price increase of 9.32% on Thursday, reaching a market cap of $2.55 trillion. This surge was driven by strong quarterly performance, positive forward guidance, and bullish analyst sentiment. The company's market cap now surpasses the entire German stock market, highlighting Nvidia's dominance in the AI chip market. Elon Musk and other notable figures reacted to this milestone with amazement.

Portfolio Pulse from Shanthi Rexaline

May 24, 2024 | 9:40 am

VSTM

Verastem Oncology announced positive data from its pancreatic cancer trial, with 83% of patients in Cohort 1 achieving a confirmed partial response.

Portfolio Pulse from Charles Gross

May 24, 2024 | 9:26 am

BTCUSD

ETHUSD

The SEC has approved the first Ethereum spot ETFs in the U.S., which could lead to a 60% surge in Ethereum's value, according to QCP Capital. This approval is expected to bring significant changes to the cryptocurrency market, including increased mainstream investor access and potential political implications.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 9:26 am

DOGEUSD

ELONUSD

ETHUSD

FLOKIUSD

SHIBUSD

Kabosu, the Shiba Inu dog that inspired Dogecoin and other dog-themed cryptocurrencies, has passed away at the age of 18. The news has saddened the cryptocurrency community, with notable figures like Elon Musk and Vitalik Buterin expressing their condolences.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 9:11 am

EDU

New Oriental Education has extended its share repurchase program, allowing the company to repurchase up to approximately $153.7 million worth of shares through May 31, 2025.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 9:08 am

NJDCY

Nidec's board has approved a share repurchase plan for up to 5 million shares to enable agile capital management in response to significant stock price divergence from market trends or changes in the business environment.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 7:19 am

BABA

MCHI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) plans to raise $4.5 billion through convertible bonds to fund share buybacks amid fierce competition and a slow Chinese economic recovery. The notes, maturing in seven years with a 0.5% coupon, can be converted to shares at a 30% premium over the current price. Fitch Ratings has assigned an A+ rating to the notes. Alibaba's move comes as it faces competition from JD.com Inc (NASDAQ:JD) and Pinduoduo Inc (NASDAQ:PDD). The iShares MSCI China ETF (NASDAQ:MCHI) has also seen significant gains recently.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 6:36 am