Streetbeat News

Stock Prices

STT

Goldman Sachs analyst Alexander Blostein upgraded State Street (NYSE:STT) from Neutral to Buy and set a price target of $92.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:43 am

AMP

Goldman Sachs analyst Alexander Blostein has upgraded Ameriprise Financial (NYSE:AMP) from Neutral to Buy and set a price target of $452.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:41 am

ARQT

Mizuho analyst Uy Ear has upgraded Arcutis Biotherapeutics (NASDAQ:ARQT) from Neutral to Buy and increased the price target from $4 to $8, indicating a more positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:39 am

GLD

SPY

The U.S. national debt has surpassed $34 trillion, with concerns about its impact on economic growth, government spending, and financial markets. Economists warn of potential crises, and Morgan Stanley's Lisa Shalett recommends shifting to real assets like gold. The SPDR Gold Shares (GLD) rose about 13% in 2023, while the SPDR S&P 500 ETF Trust (SPY) fell 0.56% in a recent session.

Portfolio Pulse from Shanthi Rexaline

January 03, 2024 | 8:48 am

BLK

BTCUSD

BTDR

AllianceBernstein analysts predict Bitcoin (BTC) will reach $80,000 by end of 2024, driven by a spot ETF approval, the halving event, and rising corporate demand. Bitcoin surged 150% in 2023 and started 2024 strong. The SEC is expected to approve a spot Bitcoin ETF by ARK Investments and 21Shares, with BlackRock Inc also likely to receive approval. Spot ETFs could lead to a temporary selloff but are expected to attract institutional inflows, with $15 billion projected in 2024 and 10% of Bitcoin under ETFs by 2028.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 8:46 am

AAPL

CALM

TSLA

UNF

U.S. stocks closed mostly lower on Tuesday, with the S&P 500 and Nasdaq Composite ending the session down. Apple Inc. shares dropped 3.6% after a Barclays downgrade, while Tesla Inc. reported increased vehicle production and deliveries in Q4. The CNN Money Fear and Greed index indicated a slight decline in market sentiment but remained in 'Extreme Greed' territory. Investors are looking forward to earnings from Cal-Maine Foods and UniFirst Corporation. The Dow Jones also closed lower, and economic data showed a dip in manufacturing PMI and a rise in construction spending.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 8:11 am

CALM

HLF

RGP

SABS

UNF

U.S. stock futures are trading lower, with investor focus on UniFirst Corporation's earnings report, SAB Biotherapeutics' reverse stock split, Cal-Maine Foods' upcoming earnings, Herbalife's new President appointment, and Resources Connection's earnings expectations. UniFirst, SAB Biotherapeutics, and Cal-Maine Foods saw their shares fall, while Herbalife and Resources Connection experienced gains in after-hours trading.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 7:44 am

BYDDF

BYDDY

TSLA

BYD Co Ltd is rewarding its dealers with 2 billion yuan for meeting 2023 sales targets after outselling Tesla in Q4 global electric car sales. Dealers receive 666 yuan per vehicle sold. BYD's aggressive expansion and price cuts, along with securing a level 3 autonomous driving test license, aim to boost sales and maintain its lead over Tesla.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 7:26 am

AAPL

Apple Inc. is expected to launch its $3,500 Vision Pro headset in the last week of January, earlier than previously reported February launch. The event is scheduled for Jan. 27, 2024, but may occur on Jan. 26 in the U.S. to align with China's timezone. Apple has been preparing for the launch by training retail employees, releasing betas of VisionPro OS, and integrating features into the iPhone 15 Pro. The Vision Pro is a significant new product for Apple, with an anticipated shipment of 500,000 units in 2024.

Portfolio Pulse from Rounak Jain

January 03, 2024 | 7:13 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) experienced a 300% increase in its token burn rate as 12.46 million SHIB tokens were removed from circulation, attributed to a single large transaction. Despite a strong performance with a 33% increase in 2023, the annual burn rate is 8.33% lower than in 2022. The SHIB Ecosystem continues to grow with the launch of Shibarium, and over 1.3 million wallet addresses are now active. SHIB's price was down 1.3% at the time of reporting.

Portfolio Pulse from Mehab Qureshi

January 03, 2024 | 6:51 am