Streetbeat News

Stock Prices

DOGEUSD

KITTY

ROAR

The resurgence of 'Roaring Kitty' has sparked a significant rally in cat-themed meme coins, with ROAR leading the surge at 545% and other related coins also experiencing notable gains. This phenomenon highlights the volatile and speculative nature of meme coins, driven by social media buzz rather than fundamentals.

Portfolio Pulse from Aniket Verma

May 14, 2024 | 5:56 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) is anticipated to report lower Q4 earnings with an expected EPS of $1.41, down from $1.5 year-over-year, but with a projected revenue increase to $30.40 billion from $29.15 billion. The company, in collaboration with Lenovo Group, is developing AI products. Shares rose 5.7% to $84.60 recently. Analysts from Truist Securities, JP Morgan, Mizuho, Susquehanna, and Baird have provided various ratings and price targets for Alibaba.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 5:44 am

FDUSD

PEPE

UNI

The memecoin PEPE experienced a significant rally, increasing by 15.40% in the last 24 hours, influenced by the return of 'Roaring Kitty' to social media. This surge pushed PEPE's market capitalization above that of Uniswap (UNI) and First Digital USD (FDUSD), making it one of the top 25 coins by market cap. The coin's trading volume reached nearly $2 billion, marking it as the seventh-most traded coin. An early investor realized a profit of nearly $3.6 million by transferring 250 billion PEPE tokens to Binance.

Portfolio Pulse from Aniket Verma

May 14, 2024 | 5:22 am

MNSO

MINISO Group Holding (NYSE:MNSO) reported Q3 adjusted earnings per share of $0.27, missing the consensus estimate of $0.33, and sales of $515.70M, below the expected $597.22M. Despite these misses, both earnings and sales saw increases from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:51 am

AAPL

GOOG

GOOGL

MSFT

Gene Munster of Deepwater Asset Management predicts OpenAI could challenge Google's search business, despite OpenAI's ties with Microsoft. Munster believes OpenAI will become a formidable competitor in the search market, potentially making significant announcements by year-end. This comes as Apple is reportedly finalizing a partnership with OpenAI, which could enhance its AI features. Google, meanwhile, faces challenges, including a $20 billion payment to Apple to remain the default iOS search engine, amidst antitrust allegations.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 3:33 am

UBER

Uber Technologies, Inc. acquires Delivery Hero's foodpanda delivery business in Taiwan for $950M in cash, and will also purchase $300M in newly issued ordinary shares of Delivery Hero. This strategic acquisition aims to consolidate their merchant, delivery partner, and consumer bases into a single app, marking one of the largest-ever international acquisitions in Taiwan. The deal, subject to regulatory approval, is expected to close in the first half of 2025.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:15 am

ARKF

ARKK

ARKW

SHOP

Cathie Wood's Ark Invest made notable trades by purchasing shares of Shopify Inc (SHOP) for approximately $18.45 million and selling shares of Block Inc (SQ) valued at around $7.7 million. The trades were executed across Ark Invest's ETFs, including ARKF, ARKK, and ARKW, following Shopify's price dip after its Q1 earnings report and Block's price increase post its earnings and Bitcoin investment announcement.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 2:27 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw price increases following disclosures of spot Bitcoin ETF investments by major banks and a social media post by Roaring Kitty. Bitcoin's next major resistance level is identified at $66,250, with the overall cryptocurrency market cap rising by 1.42%. Major US stock indices experienced mixed results, with investors looking forward to key inflation data.

Portfolio Pulse from Aniket Verma

May 14, 2024 | 2:15 am

TSLA

Tesla Inc. (NASDAQ:TSLA) faces a challenge with its Full Self-Driving (FSD) technology as only 2% of free trial users subscribe, significantly below the expected rate. Gary Black of Future Fund highlighted the low subscription rate, based on data from Yipit, and suggested Tesla needs to investigate the reasons behind this. The low uptake raises concerns about the market's expectations for Tesla's FSD technology, especially with the latest version, FSD v12.3, and following Tesla's decision to delay FSD deployment on Cybertruck vehicles.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 1:47 am

AMC

BABA

GME

RIVN

TSLA

GameStop and AMC stocks surged significantly, influenced by a social media post from Keith Gill, known as "Roaring Kitty." Alibaba's shares rose ahead of its earnings report, highlighted by a Goldman Sachs analyst. Rivian's stock increased following a positive revenue report and maintained production forecast. Tesla's shares grew after approval for a new megafactory project in China. The movements in these stocks reflect various factors, including social media influence, earnings anticipation, and strategic corporate developments.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 1:39 am