Streetbeat News

Stock Prices

BTCUSD

Kamala Harris' first public mention of cryptocurrencies on her campaign trail has sparked excitement among crypto enthusiasts. At a Wall Street fundraising event, she expressed support for emerging technologies like digital assets, leading to mixed reactions from industry observers. Bitcoin's price saw a temporary rally following her remarks.

Portfolio Pulse from Aniket Verma

September 23, 2024 | 9:44 am

AAPL

Apple Inc. is shifting its focus from frequent hardware redesigns to software upgrades in its iPhone lineup, moving to a longer redesign cycle. Despite a decline in revenue partly due to slower iPhone sales, Apple remains optimistic about the iPhone 16 series, which emphasizes software features. However, the iPhone 16 faces challenges such as low demand expectations and competition from Huawei in China.

Portfolio Pulse from Ananya Gairola

September 23, 2024 | 9:34 am

APO

INTC

QCOM

Intel's stock rose 2.38% in pre-market trading following reports of potential investments from Apollo Global Management and Qualcomm. Apollo is considering a $5 billion equity-like investment, while Qualcomm has shown takeover interest. Intel's shares have dropped nearly 60% this year.

Portfolio Pulse from Pooja Rajkumari

September 23, 2024 | 9:20 am

UAL

Taylor Swift's Eras Tour has led to a 25% increase in demand for United Airlines flights, as fans travel to her concerts. United Airlines is adjusting flight availability to match Swift's tour dates, and plans to introduce free Wi-Fi through a partnership with SpaceX's Starlink by late 2025.

Portfolio Pulse from Benzinga Neuro

September 23, 2024 | 9:09 am

AIR

FDX

RCAT

The Dow Jones index reached a new record high despite a decline in overall market sentiment, as indicated by the CNN Money Fear and Greed index, which remains in the 'Greed' zone. FedEx shares dropped over 15% due to poor financial results and guidance cut. Investors are awaiting earnings from AAR Corp. and Red Cat Holdings.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 8:47 am

AIR

IBIO

PIXY

RCAT

UXIN

AAR Corp. is expected to report earnings, ShiftPixy announced a reverse stock split, Red Cat Holdings is expected to post a quarterly loss, iBio reported a reduced net loss with increased revenue, and Uxin Limited is projected to report earnings.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 8:47 am

SPY

The S&P 500 Index has outperformed Wall Street projections, driven by declining inflation, a resilient economy, and strong corporate profits. The SPDR S&P 500 ETF Trust (SPY), which tracks the index, has gained significantly since October 2022. Analysts predict further upside if the economy avoids a hard landing, with rate cuts expected to boost small-cap and rate-sensitive stocks. However, uncertainty remains due to upcoming elections.

Portfolio Pulse from Shanthi Rexaline

September 23, 2024 | 8:25 am

KBH

KB Home (NYSE:KBH) is set to release its Q3 earnings, with expectations of $2.06 EPS and $1.73 billion in revenue. Analysts have revised their ratings and price targets, with mixed views ranging from Neutral to Underperform. The stock recently closed at $87.23, down 2.7%.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 7:44 am

SMTC

Semtech Corporation (NASDAQ:SMTC) is showcasing its new GN2255S Tri-Edge™ 50 Gbps CDR at ECOC 2024, targeting 5G and 6G networks. This innovation aims to enhance network performance and efficiency, crucial for future infrastructure upgrades driven by increasing data demands.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 7:42 am

AAPL

Apple Inc. (NASDAQ:AAPL) has discontinued several products, including the iPhone 15 Pro models and iPhone 13, as part of its annual product streamlining. This move comes amid mixed reports about the demand for the new iPhone 16, with some analysts predicting weak demand due to a lack of compelling features.

Portfolio Pulse from Ananya Gairola

September 23, 2024 | 7:26 am