Streetbeat News

Earnings

PBR

Benzinga's options scanner identified significant options activity in Petrobras Brasileiro (NYSE:PBR), with over 8 transactions totaling $722,544. The options activity suggests a price window of $12.0 to $17.0 for PBR. The stock is currently trading at $15.55, with a neutral RSI and an earnings announcement expected in 77 days. An analyst from Jefferies downgraded the stock to Hold with a price target of $17.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 4:19 pm

SOC

Sable Offshore shares are trading higher following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:19 pm

HWKN

Hawkins shares are trading higher after the company reported better-than-expected Q4 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:15 pm

AMZN

BIDU

BP

CL

FSLR

GOOGL

PHYS

Michael Burry's Scion Asset Management LLC has shifted its investment strategy in Q1 2024, focusing on physical commodities and renewable energy while divesting from major tech stocks. The fund's market value increased to $103.49 million, with significant investments in Sprott Physical Gold Trust, Cigna Holding Co, BP Plc ADR, First Solar Inc., and Baidu Inc ADR. Burry also increased stakes in JD.com Inc and Alibaba Group Holdings, while completely exiting positions in Alphabet Inc. and Amazon.com Inc.

Portfolio Pulse from Piero Cingari

May 16, 2024 | 4:14 pm

IREN

Iris Energy shares are trading higher following better-than-expected Q3 financial results. Canaccord Genuity maintained a Buy rating on the stock and raised its price target from $9 to $12.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:13 pm

HUT

NVDA

Hut 8 Corp (NASDAQ:HUT) reported strong Q1 financial results following its merger with U.S. Bitcoin Corporation. Analysts provided mixed ratings, with some raising price targets and others remaining cautious. Key factors include lower power costs, AI contributions, and a new GPU-as-a-Service business leveraging NVIDIA's H100s.

Portfolio Pulse from Priya Nigam

May 16, 2024 | 4:12 pm

LSPD

Lightspeed Commerce shares are trading higher after the company reported better-than-expected Q4 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:08 pm

WMS

Advanced Drainage Systems shares are trading lower following their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:02 pm

MYSZ

My Size shares are trading higher following the company's report of a year-over-year increase in Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:45 pm

ATHA

Athira Pharma shares are trading higher after the company reported better-than-expected Q1 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:44 pm