Streetbeat News

Stock Prices

GE

UBS analyst Chris Snyder has maintained a Buy rating on General Electric (GE) and increased the price target from $138 to $191, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:33 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has expressed concern over the rising U.S. debt, now at $34 trillion, increasing by $1 trillion every 90 days. He advocates for investing in gold, silver, and Bitcoin (BTC) as a response. Kiyosaki's bullish stance on Bitcoin remains, despite its recent volatility, predicting it could reach $300,000 in 2024. The U.S. debt situation has led to Moody's downgrading its outlook to negative, though the Aaa rating is maintained. Bitcoin recently hit a new all-time high of $69,170.63 but faced a dip due to market volatility.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 10:30 am

IBIT

MSTR

The BlackRock iShares Bitcoin ETF (IBIT) has surpassed MicroStrategy (MSTR) in Bitcoin holdings, amassing 195,985 BTC in less than two months since its launch. This growth reflects the increasing interest in crypto-based investment products, with IBIT becoming the largest new spot product except for Grayscale's Bitcoin Trust. The demand for these ETFs has contributed to Bitcoin's price surge over 60% this year, reaching a new all-time high of $70,136.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 10:30 am

NIO

Morgan Stanley analyst Tim Hsiao has maintained an Overweight rating on NIO Inc. (NYSE:NIO) but has lowered the price target from $13 to $10.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:24 am

LI

Morgan Stanley analyst Tim Hsiao has maintained an Overweight rating on Li Auto (NASDAQ:LI) and increased the price target from $63 to $74.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:19 am

RDDT

Reddit has filed for an IPO of 22 million shares, aiming to be listed on the NYSE under the symbol RDDT.

Portfolio Pulse from Charles Gross

March 11, 2024 | 10:14 am

AEP

UBS analyst Ross Fowler downgraded American Electric Power (AEP) from Neutral to Sell and reduced the price target from $86 to $83.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:12 am

COIN

GDS

GRPH

KC

In Monday's pre-market session, several stocks showed significant movement. GDS Holdings Limited (GDS) saw a sharp increase after reports of investment talks by Hillhouse Capital, Boyu Capital, and CDH Investments. Other stocks like Graphite Bio, Inc. (GRPH), Kingsoft Cloud Holdings Limited (KC), Revance Therapeutics, Inc. (RVNC), NuScale Power Corporation (SMR), Hesai Group (HSAI), MicroStrategy Incorporated (MSTR), Marathon Digital Holdings, Inc. (MARA), and Coinbase Global, Inc. (COIN) also recorded gains, with some driven by upcoming financial results and others by the strength in Bitcoin.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 9:50 am

SPY

Despite improvements in Americans' assessment of the economy and their personal financial situations, President Joe Biden's approval rating on economic management remains unchanged at 36%. A new poll indicates that 40% of respondents trust former President Trump over Biden (34%) for better economic handling. The U.S. economy has shown growth with a 3.2% GDP increase in 2023 and a robust job market, yet inflation remains a concern. The SPDR S&P 500 ETF Trust (SPY) reached a record high, reflecting economic optimism.

Portfolio Pulse from Shanthi Rexaline

March 11, 2024 | 9:46 am

AAPL

GOOG

An email exchange from the U.S. v. Google (2024) case reveals Google CEO Sundar Pichai's concerns over losing talent to Apple, particularly in the search domain. Pichai requested monthly reports on talent losses to competitors, emphasizing Apple. The document also mentions Google's payment to Apple to remain the default search engine on iPhones, which was $10 billion in 2020 and expected to rise to $15 billion. Additionally, Microsoft's failed attempt to sell Bing to Apple and the ongoing challenges Google faces, including the Gemini scandal and low employee morale, are highlighted.

Portfolio Pulse from Rounak Jain

March 11, 2024 | 9:13 am