Streetbeat News

Stock Prices

Ford Motor Co (NYSE:F) reported a significant 86% increase in electric vehicle (EV) sales in the U.S. for Q1 2024, with 20,223 EVs sold, led by the Mustang Mach-E SUV and the F-150 Lightning pickup truck. This growth contrasts with Tesla and GM's reported drops in EV sales for the same period. Ford's price cuts on the Mach-E and its diverse vehicle sales strategy contributed to its success, despite Tesla CEO Elon Musk's claims of a 'tough quarter' for the EV industry.

Portfolio Pulse from Anan Ashraf

April 04, 2024 | 6:35 am

BTCUSD

SOL

The Solana-based meme cryptocurrency 'Book of Meow' (BOMEOW) surged 300%, reaching a market cap of $9M hours after trading began. This rise is part of a broader trend where cat-themed tokens, including MEOW with a 14,000% surge, are gaining investor interest despite Bitcoin's downturn.

Portfolio Pulse from Mehab Qureshi

April 04, 2024 | 6:15 am

CAG

LEVI

RPM

SLP

Levi Strauss & Co. and Simulations Plus, Inc. reported better-than-expected earnings, with Levi Strauss boosting its 2024 guidance and Simulations Plus projecting FY24 earnings. Conagra Brands, RPM International, and Lamb Weston Holdings are expected to report earnings, with analysts predicting specific earnings per share and revenue figures. Shares of these companies saw movements in after-hours trading, with Levi Strauss and Simulations Plus experiencing significant jumps.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 5:53 am

BTCUSD

ETHUSD

Renowned financial expert, Raoul Pal, remains optimistic about the future of cryptocurrencies, predicting a rapid adoption rate despite recent market downturns. He asserts that crypto is being adopted at twice the speed of the internet, predicting 1 billion users by 2025. This comes as major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin experience declines, with Bitcoin dropping by 0.74%, Ethereum by 0.28%, and Dogecoin by 5.2%.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 5:51 am

DIS

Jim Cramer expressed concerns about Disney's stock after activist investor Nelson Peltz lost his bid for a board seat. The defeat caused a $1.30 drop in Disney's stock, despite the company's recent upward trajectory and support from its largest shareholder, Vanguard. Tesla CEO Elon Musk had supported Peltz, believing his board presence could boost the stock. Disney's stock has been volatile, falling below $120 after the annual meeting.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 5:35 am

DOGEUSD

Timothy Stebbing, Product Lead at the Dogecoin Foundation, compared household plumbing issues to network architectures, highlighting the importance of high availability and redundancy. This analogy is part of his broader work on RadioDoge, aimed at providing financial services in East Africa. Amidst growing interest in Dogecoin, the cryptocurrency has seen a significant increase this year but faced a recent decline. Currently, DOGE is trading up 5.26% at $0.175.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 5:25 am

RPM

RPM International Inc. (NYSE:RPM) is set to release its Q3 earnings before the opening bell on April 4, 2024, with analysts forecasting an earnings increase to 46 cents per share from 37 cents year-over-year, and revenue expectations of $1.52 billion. The company also announced a quarterly dividend of 46 cents per share, payable on April 30, 2024. Shares rose 1.4% to $118.52 recently. Analysts from UBS, BMO Capital, Mizuho, RBC Capital, and JP Morgan have provided various ratings and price targets for RPM, reflecting a generally positive outlook.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 4:54 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced declines ahead of the anticipated Friday jobs report. Bitcoin's minor surges were influenced by U.S. service industry growth and Federal Reserve Chairman's statements. The global cryptocurrency market cap decreased by 1.46%. Meanwhile, the Dow Jones, S&P 500, and Nasdaq showed mixed results amid concerns over interest rates. Analysts predict Bitcoin could surge over 278% to $256K before a retracement.

Portfolio Pulse from Mehab Qureshi

April 04, 2024 | 4:31 am

TSLA

Tesla Inc (NASDAQ: TSLA) has been given a 79% upside prediction by RBC Capital Markets analyst Tom Narayan, despite a 14.5% decline in its stock over the past year and lower-than-expected vehicle deliveries for Q1 2024. Narayan's optimism is largely based on Tesla's full self-driving (FSD) product, which he sees as a significant near-term catalyst. The average price target among 51 analysts is $198.87, suggesting a 19.4% potential upside.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 4:20 am

ACB

AMZN

DIS

PARA

TSLA

Amazon, Disney, Aurora Cannabis, Paramount Global, and Tesla were among the top stocks on investors' radars, with varied performance. Amazon and Tesla saw modest gains, while Aurora Cannabis and Paramount Global experienced significant surges. Disney's shares fell. The movements were influenced by analyst ratings, company announcements, and industry developments.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 4:13 am