Streetbeat News

Stock Prices

LULU

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The S&P 500 Index has gained 14.48% this year, driven by expectations of Federal Reserve rate cuts, strong corporate earnings, and optimism over AI technology. The SPDR S&P 500 ETF Trust (SPY) ended the latest session down 0.39%. Analysts are optimistic about further gains, with Evercore ISI predicting the index will end the year at 6,000. The top performers include Super Micro Computer (SMCI), Nvidia (NVDA), and Vistra (VST), while laggards include Walgreens Boots Alliance (WBA) and Lululemon Athletica (LULU). Analysts expect underperformers to rebound if the Fed cuts rates in September.

Portfolio Pulse from Shanthi Rexaline

June 30, 2024 | 10:02 pm

SPR

Reuters reported that Boeing has agreed to acquire Spirit AeroSystems for $37.25 per share in an all-stock deal.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2024 | 9:43 pm

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The article highlights the top-performing mid-cap stocks from June 23 to June 29, including Tempus AI, Enovix Corporation, Grindr Inc., Trump Media & Technology Group, Credo Technology Group, Tecnoglass Inc., STAAR Surgical Company, RXO Inc., Global-E Online Ltd, and SentinelOne Inc. These stocks saw significant gains due to various positive developments such as FDA clearance, strategic partnerships, revenue guidance updates, and analyst upgrades.

Portfolio Pulse from Lekha Gupta

June 30, 2024 | 8:20 pm

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The article covers various developments in the consumer tech world from June 23 to June 29, 2024. Key highlights include Alphabet's DeepMind study on AI misuse, Paramount Global's price hike for Paramount+, Sony's new PlayStation controller patent, Microsoft's Diablo 4 updates, and multiple updates from Apple including workforce reduction, RCS support, and struggles with its Vision Pro headset. Meta Platforms faces backlash over AI mislabeling and political content settings, while OpenAI plans to restrict access to its tools in China. Other notable mentions include Jack Dorsey's warning about deepfakes and leadership changes at X.

Portfolio Pulse from Lekha Gupta

June 30, 2024 | 7:17 pm

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The article highlights the ten worst-performing large-cap stocks from June 23 to June 29. Walgreens Boots Alliance, Moderna, and Floor & Decor Holdings were among the biggest losers, with significant declines due to various factors such as earnings reports, economic data, and regulatory news.

Portfolio Pulse from Lekha Gupta

June 30, 2024 | 6:21 pm

TIP

Prominent economist Paul Krugman declared that inflation appears to be under control, citing recent data showing a decrease in the personal consumption expenditure index (PCEI) to 2.6%. This could increase the likelihood of rate cuts by the Federal Reserve. The iShares TIPS Bond ETF (NYSE:TIP) ended Friday's session down 0.31%.

Portfolio Pulse from Shanthi Rexaline

June 30, 2024 | 5:06 pm

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Rivian Automotive, Carvana, and other large-cap stocks were among the top gainers last week. Rivian surged 30.04% due to cost-cutting and a joint venture with Volkswagen. Carnival gained 17.78% on strong Q2 earnings. FedEx rose 17.51% on strong Q4 results and a $2.5 billion buyback plan. Samsara advanced 16.37% after RBC Capital reiterated an Outperform rating. Suzano increased 12.24% after dropping its acquisition pursuit of International Paper. Carvana rose 11.93% after updating its operating plan. FTAI Aviation, Reddit, Mongodb, and Alnylam Pharmaceuticals also saw significant gains.

Portfolio Pulse from Lekha Gupta

June 30, 2024 | 4:57 pm

AAPL

Apple analyst Ming-Chi Kuo revealed that Apple plans to mass-produce new AirPods with camera modules by 2026. These AirPods will feature an IR camera similar to the iPhone Face ID receiver, potentially enhancing user interaction and spatial audio experience.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2024 | 1:55 pm

BTCUSD

Crypto analyst Rekt Capital predicts a potential correction for Bitcoin, suggesting it could drop to $55,000. This contrasts with former Goldman Sachs executive Raoul Pal's forecast of a significant surge in Bitcoin during Q4 of the presidential election year.

Portfolio Pulse from Bibhu Pattnaik

June 30, 2024 | 1:26 pm

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Several major U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, and Wells Fargo, have announced dividend increases following their successful performance in the Federal Reserve's annual stress test. This indicates their robust financial health and resilience, likely boosting investor confidence.

Portfolio Pulse from Bibhu Pattnaik

June 29, 2024 | 4:11 pm