Streetbeat News

Stock Prices

GOLD

KGC

NEM

PTON

SSRM

USGO

Peter Schiff used Peloton's 98.5% stock decline to illustrate his point on the mispricing of gold mining stocks, suggesting a similar but reverse situation exists in the gold mining sector. He highlighted the performance of several gold mining stocks, including Barrick Gold Corp, US Goldmining Inc, SSR Mining Inc, Kinross Gold Corporation, and Newmont Corporation, to underscore the varied performance and potential mispricing in the market.

Portfolio Pulse from Kaustubh Bagalkote

May 03, 2024 | 5:15 am

HSY

Hershey (NYSE:HSY) is expected to report lower Q1 earnings at $2.76 per share compared to $2.96 last year, with revenue projected at $3.11 billion up from $2.99 billion. The company previously raised its quarterly dividend after mixed Q4 results. Analysts have adjusted their ratings and price targets, with changes including downgrades and both increases and decreases in price targets.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 4:52 am

BTCUSD

VUZI

'Rich Dad Poor Dad' author Robert Kiyosaki shares his strategy for wealth growth during the Bitcoin market crash, emphasizing the opportunity to invest in assets like gold, silver, and Bitcoin. He outlines six rules for navigating market downturns and highlights the current economic challenges, including stagflation and the Federal Reserve's steady interest rates. Bitcoin's price action shows a significant increase since the beginning of the year.

Portfolio Pulse from Benzinga Neuro

May 03, 2024 | 4:33 am

ARKB

COIN

FBTC

HODL

Coinbase Global Inc. (NASDAQ:COIN) reported significant growth in Q1 2024, attributed to the excitement around Bitcoin ETFs, leading to all-time highs in trading volume and active clients, especially in its institutional business. The launch of Bitcoin spot ETFs like ARK 21Shares Bitcoin ETF (BATS:ARKB), Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), and VanEck Bitcoin Trust (BATS:HODL) contributed to this surge. Coinbase's revenue and institutional trading volume reached record levels, with total revenue of $1.64 billion, surpassing estimates. The company's stock surged over 300% in the past year, outperforming Bitcoin's 103.13% increase.

Portfolio Pulse from Kaustubh Bagalkote

May 03, 2024 | 4:05 am

VUZI

Block Inc. (NYSE:SQ) CEO Jack Dorsey addressed a potential DOJ investigation into Bitcoin transactions linked to sanctioned countries during the company's Q1 earnings call. Dorsey highlighted the company's proactive compliance measures, including a thorough review of transactions, real-time screening with blockchain analytics, and maintaining restrictive withdrawal limits. Despite facing scrutiny over allegations of processing transactions for terrorists, Block Inc. reported strong Q1 earnings, leading to a 7.80% surge in after-hours trading. Dorsey also mentioned new features for Square merchants and developments in Bitcoin mining.

Portfolio Pulse from Kaustubh Bagalkote

May 03, 2024 | 3:30 am

AAPL

AMGN

COIN

TSLA

Apple, Coinbase, Block, Amgen, and Tesla stocks were in focus following their latest financial results and strategic moves. Apple announced a $110-billion stock buyback and a dividend increase after beating Q2 expectations. Coinbase's Q1 results exceeded estimates with record institutional trading volume. Block reported strong Q1 earnings, surpassing analyst expectations. Amgen's Q1 earnings also beat estimates with a significant sales increase. Tesla slightly rose after reports of abandoning its gigacasting manufacturing process amid challenges.

Portfolio Pulse from Benzinga Neuro

May 03, 2024 | 3:07 am

AAPL

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook described China as the most competitive market following a decline in quarterly revenue to $90.75 billion, attributed to a 10.5% drop in iPhone sales. Despite the overall decline, iPhone sales in Mainland China grew, with the iPhone 15 and iPhone 15 Pro Max being the top-selling smartphones in Urban China. Cook remains optimistic about China's long-term prospects, highlighting the recent opening of a new store in Shanghai. Apple's Q2 earnings exceeded forecasts, leading to a $110 billion stock buyback program and a slight increase in its quarterly dividend, resulting in a 3.5% rise in its stock.

Portfolio Pulse from Ananya Gairola

May 03, 2024 | 2:48 am

AAPL

Apple, Inc. (AAPL) reported fiscal year 2024 Q2 results surpassing expectations, leading to a 7%+ stock price rally. The positive outcome was attributed to earnings in line with forecasts, optimistic June quarter revenue guidance by CEO Tim Cook, a smaller-than-expected decline in China sales, and a massive $110 billion buyback program. CFO Luca Maestri confirmed the guidance, expecting single-digit revenue growth despite forex impacts, and projected double-digit Services revenue growth. Apple plans to integrate generative AI into its products and expand into new markets, while the DOJ probe remains an overhang.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 2:02 am

AAPL

Jim Cramer praised Apple's Vision Pro, highlighting its success with Fortune 100 companies and potential in B-to-B markets. Despite its high price and initial consumer market challenges, the product has seen enthusiasm from enterprises, with over half of the Fortune 100 companies purchasing units. Apple CEO Tim Cook and Nvidia CEO Jensen Huang have both expressed optimism about the product's capabilities. However, analysts note challenges in consumer adoption and a reduction in shipment forecasts for 2024.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 1:59 am

BTCUSD

Bitcoin analyst Michael van de Poppe expresses a bullish outlook on Bitcoin as the Federal Reserve begins unwinding Treasury buybacks, a move he interprets as a response to worsening economic data and increased recession risks. He advises long-term investments in Bitcoin, anticipating quantitative easing. The cryptocurrency market is experiencing significant fluctuations, with Bitcoin trading at $59,009, a slight decline but up 33.59% since the year's start.

Portfolio Pulse from Benzinga Neuro

May 03, 2024 | 1:45 am