Streetbeat News

Stock Prices

COPP

COPX

FLMMF

ICOP

SLSSF

Wall Street is increasingly bullish on copper due to its growing use in AI and data center operations, with predictions of demand surging and prices rising. Jefferies forecasts a significant jump in copper demand by 2030, while Morgan Stanley expects copper prices to increase by 12% by year-end. Investors are advised to look at stocks like Solaris Resources and Filo Mining, and ETFs such as Global X Copper Miners ETF, Sprott Copper Miners ETF, and iShares Copper and Metals Mining ETF.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 3:18 am

NVDA

TSLA

Nvidia's Senior Lead of Robotics, Yuke Zhu, praised Tesla's Full Self-Driving (FSD) feature for its 'human-like maneuvers' and described the experience as 'magical.' Tesla's FSD v12.3.4 is rolling out to more users in the U.S., with significant interest from both consumers and industry experts. Tesla has also made FSD more accessible by reducing the monthly subscription fee and offering a free one-month trial to U.S. owners. As of March 2024, FSD is deployed on approximately 2 million vehicles in the U.S.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 1:41 am

BTCUSD

Mike Novogratz, CEO of Galaxy Digital, predicts Bitcoin will resume its upward trend after a risk flush due to the economic repercussions of war, specifically referencing the recent Israel-Iran escalation. Despite a recent drop in Bitcoin's price following a drone attack by Iran on Israel, Novogratz remains optimistic about Bitcoin's resilience and its potential surge ahead of the upcoming halving event. Currently, Bitcoin is trading at $65,474.10, with a year-to-date increase of 48.23%.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 1:39 am

TSLA

Tesla is rumored to be preparing for a significant round of layoffs, potentially affecting up to 20% of its workforce, amid a challenging quarter with reduced deliveries and increased inventory. The company has also shortened Cybertruck production shifts at Gigafactory Texas and reduced production at Gigafactory Shanghai. These moves come in the context of broader tech industry layoffs and Tesla's own history of workforce adjustments.

Portfolio Pulse from Benzinga Newsdesk

April 14, 2024 | 11:10 pm

CTRI

IBTA

Centuri Holdings, Inc (CTRI) and IBOTTA, INC (IBTA) are set to go public on April 18, 2024, with their IPOs. CTRI's price range is $18.00 to $21.00, offering 12,400,000 shares at $19.50 each. IBTA's price range is $76.00 to $84.00, offering 5,625,000 shares at $80.00 each. Both have a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

April 14, 2024 | 7:41 pm

BTCUSD

Crypto analyst Pentoshi, known for predicting Bitcoin's 2021 bull market end, attributes the recent altcoin crash to supply and demand dynamics and a loss of momentum. He notes the need for $200 million daily in new money to sustain prices, leading to a market downturn. Despite this, Pentoshi remains optimistic about the crypto market's health, viewing the downturn as a local top and forecasting a rebound to a $1 trillion market valuation. He warns that a change in outlook would depend on significant shifts, such as Bitcoin losing market structure or substantial outflows from Bitcoin ETFs.

Portfolio Pulse from Bibhu Pattnaik

April 14, 2024 | 5:56 pm

BTC

SOL

The article discusses the liquidation of a crypto trader, Tarded Degen Gambler, who lost a significant amount of money by leveraging on Solana (SOL) before a market downturn exacerbated by geopolitical tensions. It highlights the importance of patience and the right mindset in trading, especially in volatile markets like crypto. Veteran traders suggest the coming months could be challenging, but also see potential buying opportunities for those with high conviction in certain tokens.

Portfolio Pulse from Ivan Crnogatić

April 14, 2024 | 1:56 pm

DWAC

TSLA

Political updates include Biden leading Trump in 2024 polls, Elon Musk criticizing U.S. voting ID laws, McConnell targeting TikTok's ownership, and Mary Trump discussing Trump Media & Technology Group's performance. Trump supports Mike Johnson over Marjorie Taylor Greene amid these developments.

Portfolio Pulse from Benzinga Neuro

April 14, 2024 | 10:19 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market experienced significant losses last week, with Bitcoin, Ethereum, and Dogecoin among the major currencies affected. Notable figures like Dogecoin co-creator Billy Markus and economist Peter Schiff commented on the situation, with Schiff predicting a major crash for Bitcoin. The trading volume for Donald Trump's NFT collection plummeted, while a meme coin parodying Joe Biden surged in value. Edward Snowden provided a measured view on the market's fluctuations.

Portfolio Pulse from Benzinga Neuro

April 14, 2024 | 6:23 am

AAPL

GOOG

MSFT

TSLA

This week in the tech world, Elon Musk aligned with Steve Jobs on the importance of craftsmanship in product development. Tesla Inc. is seeking assistance from Apple Inc. in a court case related to a fatal Autopilot crash. Apple's AI future looks promising according to Wedbush's Dan Ives, citing its large user base. New EU regulations are boosting small browsers, challenging the dominance of companies like Apple, Microsoft Corp., and Alphabet Inc.'s Google. Apple is preparing for a major iPad overhaul, launching new models and accessories.

Portfolio Pulse from Benzinga Neuro

April 14, 2024 | 5:57 am