Streetbeat News

Stock Prices

CRC

Mizuho analyst Nitin Kumar has maintained a Buy rating on California Resources (NYSE:CRC) and increased the price target from $63 to $64.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:27 pm

ETHUSD

GBTC

Grayscale's potential legal battle with the SEC over an Ethereum ETF rejection and the financial implications of its Bitcoin Trust's management fees are highlighted. The Ethereum Dencun upgrade's impact on ETH prices and gas fees, along with the competitive landscape of Bitcoin Spot ETFs, are also discussed.

Portfolio Pulse from Murtuza Merchant

May 13, 2024 | 3:25 pm

SPY

USO

The US Energy Information Administration (EIA) forecasts that oil production in the Eagle Ford and Permian regions is set to increase in June, reaching levels not seen since December 2023. This uptick in production signals a potential shift in supply dynamics within the US oil market.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:24 pm

AAPL

GOOG

GOOGL

META

QQQ

The article discusses the current state of the stock market, highlighting the resistance zone of Invesco QQQ Trust Series 1 (QQQ) and the potential impact of upcoming CPI and PPI data. It mentions Apple Inc's (AAPL) talks with OpenAI to integrate ChatGPT on iPhones, which is seen as negative for Alphabet Inc (GOOG, GOOGL). The article also notes positive early trade money flows in AAPL, Amazon.com Inc (AMZN), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), and Tesla Inc (TSLA), with negative flows in GOOG and Meta Platforms Inc (META), and mixed flows in QQQ and SPY. Additionally, it mentions the buying of gold, oil, and Bitcoin in early trade.

Portfolio Pulse from The Arora Report

May 13, 2024 | 3:22 pm

AKTS

Akoustics Technologies' shares dropped following the announcement of disappointing Q4 adjusted EPS results and revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:20 pm

AAPL

EWG

EWJ

EWQ

FXI

Apple is planning its first international sale of the Vision Pro, targeting markets in China, Japan, France, and Germany, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:19 pm

GTBIF

HITI

RTON

TCNNF

VRNOF

Florida's cannabis market is expanding with new dispensaries from Green Thumb Industries, Verano Holdings, and Trulieve Cannabis. Other states and Canada also see growth in cannabis retail, with new stores and expansions from various companies including High Tide Inc. and Right on Brands.

Portfolio Pulse from Jelena Martinovic

May 13, 2024 | 3:18 pm

ENPH

MAXN

NOVA

RUN

SEDG

SPWR

Solar stocks are experiencing an uptick following reports that President Biden is considering implementing tariffs on Chinese electric vehicles (EVs) and solar panels. This move is perceived as potentially beneficial for US-based solar companies by reducing competition from cheaper Chinese imports.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:18 pm

FANG

Mizuho analyst Nitin Kumar has maintained a Buy rating on Diamondback Energy (NASDAQ:FANG) and increased the price target from $217 to $222.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:16 pm

DBC

USO

Upcoming inflation reports, the Producer Price Index (PPI) and Consumer Price Index (CPI), are expected to show slight increases, indicating potential inflationary pressures in the U.S. economy. The PPI report is particularly watched as a precursor to the CPI data, with predictions of a rise in the annual PPI rate to 2.2% in April from 2.1% in March. Commodity prices, influenced by geopolitical tensions and market volatility, especially oil as tracked by USO and a broader commodity basket by DBC, are significant factors that may drive a surge in PPI.

Portfolio Pulse from Piero Cingari

May 13, 2024 | 3:15 pm