Streetbeat News

Stock Prices

DAW

Dawkoins (CRYPTO: DAW), a meme coin inspired by Richard Dawkins, is currently trading at $0.0016 and is at a key support level, indicating potential for a 600% surge according to crypto analyst Moon. The coin, launched in tribute to Dawkins' 83rd birthday, has seen significant interest, including a humorous acknowledgment from Elon Musk. Dawkoins has already demonstrated impressive gains, with one trader turning $3,000 into $215,000.

Portfolio Pulse from Mehab Qureshi

April 05, 2024 | 9:29 am

ETN

RBC Capital analyst Deane Dray upgrades Eaton Corp (NYSE:ETN) from Sector Perform to Outperform and increases the price target from $286 to $371.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:46 am

F

Ford (NYSE: F) is shifting its focus from electric vehicles (EVs) to hybrid vehicles, as reported by autos reporter Michael Wayland on CNBC's 'Last Call'. Despite the EV market's growth, Ford's decision comes after observing a slowdown in demand for its EV, the Mustang Mach-E, and a strategic move to leverage its hybrid offerings. This shift reflects broader skepticism about the immediate future of EVs and suggests hybrids may play a more significant role in the transition from internal combustion engines to electric.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 7:53 am

SHEL

Shell has updated its Q1 2024 production outlook, increasing its forecast for both Integrated Gas and Upstream segments. Integrated Gas production is now expected to be between 960-1,000 kboe/d, up from the previous 930-990 kboe/d. Upstream production forecast has been adjusted to about 1,820-1,920 kboe/d, slightly narrowed from the prior 1,730-1,930 kboe/d range. The company also provided financial outlooks, including adjusted EBITDA, operating expenses, and adjusted earnings for both segments, indicating strong trading and optimization results, albeit lower than Q4’23.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:22 am

TSLA

U.S. Treasury Secretary Janet Yellen began her visit to China, focusing on strengthening economic relations while addressing concerns over China's manufacturing overcapacity and its global implications. Yellen emphasized the importance of a level playing field for American workers and firms and the need for open dialogue. She criticized China's industrial subsidies and expressed concerns over China's green energy exports potentially harming American firms. The visit highlights ongoing economic tensions, particularly in sectors like semiconductors, green energy, and electric vehicles (EVs), with companies like Tesla and BYD mentioned in the context of the growing EV market.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 6:42 am

COIN

ETH-USD

Brett (CRYPTO: BRETT), a meme coin on Coinbase's layer-2 network Base, has seen a 30% increase in the last week. Analyst Ali Martinez predicts a potential 80% rise to a new all-time high of $0.130. Base's usage has surged, with its total value locked reaching $1.202 billion and daily transactions hitting a record 2.34 million.

Portfolio Pulse from Mehab Qureshi

April 05, 2024 | 6:34 am

SNX

TD SYNNEX announced a secondary public offering of 5,309,299 common stock and a concurrent share repurchase of 1,750,000 shares. The offering is expected to close on April 9, 2024. TD SYNNEX will not receive proceeds from the sale but will fund the repurchase from existing cash.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:16 am

FOUR

MGNX

SMTC

Investment analysts have upgraded price targets for six stocks, including four U.S.-listed companies: Shift4 Payments Inc (FOUR), Semtech Corp (SMTC), Formula One Group, and MacroGenics Inc (MGNX), with MacroGenics expected to see an 82% surge due to positive trial data. Despite market volatility, these upgrades suggest potential investment opportunities.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 6:15 am

EWU

The U.K. Halifax House Price Index for March showed a decrease of 1.0%, contrasting with the expected 0.3% increase and a revision of the prior month's figure to 0.3%. The ETF EWU, which tracks the performance of the U.K. market, may be impacted.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:01 am

TSLA

Tesla Inc (NASDAQ:TSLA) has restarted its offer to allow transferring Full Self-Driving (FSD) software to new vehicle purchases. This decision follows previous instances in 2023 and early 2024 where Tesla permitted such transfers, responding to owner requests. The FSD, priced at $12,000, can now be transferred across Tesla's lineup without requiring a trade-in of the existing vehicle with FSD. This move is part of Tesla's efforts to increase FSD adoption, including a 30-day free trial, as the company works towards achieving fully autonomous driving capabilities.

Portfolio Pulse from Anan Ashraf

April 05, 2024 | 6:01 am