Streetbeat News

Stock Prices

BTCUSD

DOGEUSD

PEPEUSD

SHIBUSD

Crypto trader CryptoKaleo believes the 'memecoin supercycle' is still in play despite the recent crypto market crash. He predicts that as the dollar weakens, money will flow into equities, Bitcoin, and major blockchains, with retail investors gravitating towards meme coins. The meme coin market capitalization is currently $37 billion, down 13% in the past 24 hours. Despite recent corrections, meme coins like Dogecoin, Shiba Inu, and Pepe have shown significant long-term gains.

Portfolio Pulse from Khyathi Dalal

August 05, 2024 | 7:48 pm

ETCUSD

Ethereum Classic (ETC) is experiencing significant volatility, trading 8.1% lower at $17.90. This is amid global market fluctuations, including a 13% drop in Japan's Nikkei 225 and concerns about a global recession, geopolitical tensions, and economic policies. Leveraged position liquidations in major cryptocurrencies have also contributed to the price drop.

Portfolio Pulse from Henry Khederian

August 05, 2024 | 7:47 pm

META

NFLX

SNAP

T

VZ

Shares in the broader communication services sector are trading lower due to concerns over the US economy.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 7:45 pm

DVN

Devon Energy's (NYSE:DVN) short interest has risen by 4.2%, with 16.38 million shares sold short, representing 2.98% of its float. This increase in short interest suggests a more bearish sentiment among investors. However, Devon Energy's short interest is still lower than the peer group average of 6.38%.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 7:45 pm

BTCUSD

Vice President Kamala Harris and former President Donald Trump have sparked debate in the cryptocurrency community with their differing views on Bitcoin and crypto policies. Harris's outreach to the crypto community is seen as political maneuvering by some, while Trump’s radical ideas on using Bitcoin to pay off national debt have been criticized by economists. Harris's potential anti-crypto running mate and Trump's past increase in national debt add complexity to their stances.

Portfolio Pulse from Abbey Higginbotham

August 05, 2024 | 7:45 pm

SAVA

Cassava Sciences, Inc. (NASDAQ:SAVA) shares are trading higher due to an upcoming conference call, extended trials for simufilam, and the passing of a long-time board member. Analysts expect an EPS loss of 40 cents.

Portfolio Pulse from Vaishali Prayag

August 05, 2024 | 7:44 pm

AMD

NVDA

Nvidia (NVDA) faces potential delays in its Blackwell architecture, but Goldman Sachs advises investors to stay the course, viewing any short-term stock volatility as a buying opportunity. The delay is not expected to impact Nvidia's 2025 earnings or market dominance. Meanwhile, AMD (AMD) might see a marginal positive impact as an alternative in Data Center GPUs.

Portfolio Pulse from Surbhi Jain

August 05, 2024 | 7:35 pm

AMD

GOOG

INTC

META

MSFT

NVDA

AMD shares are rebounding after a morning selloff in the semiconductor sector, driven by NVIDIA's significant drop due to a reported design flaw in its next-gen Blackwell accelerators. NVIDIA's response and strong demand for its current Hopper chips helped ease market concerns. The sector was also affected by weak performance reports from Intel.

Portfolio Pulse from Vaishali Prayag

August 05, 2024 | 7:34 pm

AAPL

GOOG

GOOGL

A federal judge has ruled against Alphabet Inc (GOOG, GOOGL) in an antitrust lawsuit regarding its dominance in the search engine market. The ruling states that Alphabet's payments to make Google the default search engine on smartphones violate U.S. antitrust laws. This decision could have significant implications for Alphabet's business practices and revenue streams.

Portfolio Pulse from Adam Eckert

August 05, 2024 | 7:32 pm

TXN

Recent options activity for Texas Instruments (NASDAQ:TXN) shows a predominantly bearish sentiment among large investors, with 73% of trades being bearish. The stock is currently trading at $180.65, down 3.63%, and analysts have mixed ratings with an average target price of $198.2.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 7:30 pm