Streetbeat News

Earnings

YS

YS Biopharma Co Ltd (NASDAQ:YS) announced interim Phase 3 trial results for its PIKA Rabies Vaccine, showing non-inferior immunogenicity to an approved competitor and potential to meet WHO's goal for a one-week rabies vaccine regimen. The vaccine, granted orphan drug designation by the FDA, demonstrated a quicker onset of protection, with a seroconversion rate twice that of the comparator by Day 7. Despite the positive trial results, YS shares dropped 2.27% to $0.86.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 7:30 pm

BA

EADSF

EADSY

LMT

Boeing Co (NYSE:BA) faces challenges as Q1 deliveries drop to 97 planes, causing the stock to fall by 1.87% and over 30% YTD. Issues include a mid-air incident, CEO compensation concerns, and production slowdowns. Technical analysis shows a bearish trend, and Boeing's valuation is high compared to Airbus (OTCPK:EADSF, OTCPK:EADSY) and Lockheed Martin (NYSE:LMT).

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 7:10 pm

TSLA

Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Tesla (TSLA) but lowers the price target from $190 to $175, citing disappointing first-quarter production and delivery figures. Deliveries were down 20% quarter-over-quarter and 9% year-over-year. Delaney highlights concerns over volume growth, pricing, gross margins, and the impact of potential delays in Tesla's low-cost vehicle. Despite these challenges, Delaney sees Tesla as a leader in AI and software technology in the auto space, with long-term growth potential.

Portfolio Pulse from Chris Katje

April 09, 2024 | 7:04 pm

CPT

Recent analyst ratings for Camden Prop Trust (NYSE:CPT) show a mix of opinions, with a trend towards a lower 12-month price target, now averaging $106.1, down 7.74% from the previous $115.00. Analyst actions include both upgrades and downgrades, reflecting varied market conditions and company performance. Camden Property Trust, a real estate investment trust, has shown strong financial indicators such as a positive revenue trend, exceptional net margin, and above-average ROE and ROA, despite facing challenges in growth rate compared to peers in the Real Estate sector.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:01 pm

HD

Deep-pocketed investors have shown a significant interest in Home Depot's (NYSE:HD) options, with a balanced sentiment of 50% bullish and 50% bearish. Benzinga's tracking revealed 10 extraordinary options activities, indicating a potential big move. The focus is on a price band between $145.0 and $385.0. Home Depot, the world's largest home improvement retailer, has seen its trading volume at 1,552,944 with a slight price decrease of -0.36%, and its RSI indicators suggest a neutral position. An earnings announcement is expected in 35 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:00 pm

HUT

Hut8 Mining's CEO, Asher Genoot, emphasized the company's strategic approach to mining, only engaging in the activity when profitable, supported by proprietary software. With over 9,100 BTC on its balance sheet, Hut8 aims to ensure stability while focusing on growth.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:51 pm

MARA

Marathon Digital's CEO stated that most miners would remain profitable post-halving at current prices, provided their rigs have an energy efficiency below 30J/TH.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:49 pm

MARA

Marathon Digital CEO, Fred Thiel, discussed the upcoming Bitcoin halving with Benzinga, highlighting that the marginal cost to mine Bitcoin will increase as the energy required will double.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:49 pm

RIOT

Riot Blockchain CEO predicts that due to varying power costs and machine efficiency, some miners will become uneconomic, leading to a potential decrease in the network hash rate by at least 5%, with further reductions possible depending on Bitcoin price trends.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:47 pm

RIOT

Riot Blockchain CEO, Jason Les, discussed the upcoming BTC halving with Benzinga, highlighting that it will cut miners' revenue in half and double their costs.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:47 pm