Streetbeat News

Stock Prices

GME

GameStop Corp. (NYSE:GME) and Kitty-themed memecoins surged higher due to high short interest and speculation of a short squeeze. GameStop's stock closed 5.85% higher, while the GameStop (CRYPTO: GME) and Kitty AI (CRYPTO: KITTY) memecoins saw significant gains.

Portfolio Pulse from Aniket Verma

July 17, 2024 | 3:54 am

BTCUSD

GLD

Economist Peter Schiff highlighted the contrasting performances of gold and Bitcoin, noting gold's record high near $2,450 and predicting it will soon surpass $2,500. He pointed out that Bitcoin, when priced in gold, is down 30% from its 2021 high, suggesting a bear market for the cryptocurrency. Despite Schiff's bearish outlook, Bitcoin has outperformed gold significantly over the past year.

Portfolio Pulse from Aniket Verma

July 17, 2024 | 3:13 am

TSM

Donald Trump's remarks suggesting that Taiwan should pay the U.S. for its defense led to a drop in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) shares by over 2%. The comments were made during a Bloomberg Businessweek interview and have raised concerns about potential economic disruptions due to discord over Taiwan.

Portfolio Pulse from Benzinga Neuro

July 17, 2024 | 3:02 am

BAC

GME

META

TSLA

TSM

Wall Street saw significant gains driven by expectations of Federal Reserve rate cuts. The Dow Jones surged by 1.85%, the S&P 500 rose by 0.6%, and the Nasdaq climbed by 0.2%. Key stocks on investors' radars included GameStop, Meta Platforms, TSMC, Bank of America, and Tesla, each experiencing notable price movements.

Portfolio Pulse from Benzinga Neuro

July 17, 2024 | 2:39 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin retained their gains as investors anticipate a prolonged relief rally. Bitcoin broke $66,000 for the first time in a month, with analysts predicting further gains if it surpasses $65,000 and $66,250. Ethereum also breached $3,500, a level last seen on July 1. The global cryptocurrency market is up 1.11% in the last 24 hours, now standing at $2.4 trillion.

Portfolio Pulse from Aniket Verma

July 17, 2024 | 2:19 am

TSLA

Sen. Bernie Sanders criticized Elon Musk's reported $45 million monthly donations to Donald Trump's presidential campaign, emphasizing the need for public funding of elections and overturning Citizens United. Musk responded with a meme, seemingly denying the report.

Portfolio Pulse from Benzinga Neuro

July 17, 2024 | 2:00 am

ARKF

TSLA

Cathie Wood of Ark Investment Management LLC believes Tesla Inc. (NASDAQ:TSLA) could see a significant surge in its stock price due to its move into the autonomous taxi business, which she estimates could be a global revenue opportunity of $8 trillion to $10 trillion. Despite a 43% slump in Tesla’s share prices this year, Wood remains bullish, highlighting Tesla's potential in the autonomous taxi sector. Tesla is a top holding in her Ark Innovation ETF (NYSE:ARKF).

Portfolio Pulse from Benzinga Neuro

July 17, 2024 | 1:46 am

JPM

Former President Donald Trump is considering JPMorgan Chase CEO Jamie Dimon for Treasury Secretary if he wins the upcoming election. Trump also assured he will not replace Federal Reserve Chair Jerome Powell before his term ends in 2026.

Portfolio Pulse from Benzinga Neuro

July 17, 2024 | 1:04 am

BTCUSD

NFLX

Donald Trump has selected Sen. J.D. Vance as his vice-presidential running mate for the 2024 election. A Benzinga poll found mixed familiarity and opinions about Vance, with 55% approving of the choice. Vance is known for his book 'Hillbilly Elegy,' which was adapted into a movie by Netflix. He also supports cryptocurrency, including Bitcoin.

Portfolio Pulse from Chris Katje

July 16, 2024 | 11:31 pm

AMC

CNK

NFLX

A new PwC report predicts that global cinema revenue will surpass pre-COVID-19 levels by 2026, a year later than previously forecasted. While this is positive news for movie theaters like AMC and Cinemark, the report highlights that streaming services, particularly those with ad-supported plans like Netflix, are expected to see significant growth in subscriptions and advertising revenue.

Portfolio Pulse from Chris Katje

July 16, 2024 | 11:15 pm