Streetbeat News

Earnings

AGAE

CZOO

DOGZ

GME

HOUR

JOAN

STKS

In Wednesday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Cazoo Gr (CZOO) with an 82.6% increase and The One Group Hospitality (STKS) rising 23.31%. Among the losers, Dogness (DOGZ) fell by 16% and JOANN (JOAN) dropped 15.46%. Earnings reports influenced several stocks, including Allied Gaming (AGAE), Hour Loop (HOUR), and GameStop (GME).

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

AKLI

LIXT

MESO

STOK

Health care stocks showed significant movement in Wednesday's intraday session, with notable gainers including Stoke Therapeutics (STOK) up 46.1% following their Q4 earnings release, and Lixte Biotechnology (LIXT) rising 43.68%. On the losing end, Akili (AKLI) dropped 18.8%, and Mesoblast (MESO) declined by 12.85%. Other companies like Nuvation Bio (NUVB), Ontrak (OTRK), PAVmed (PAVM), and Nutriband (NTRB) also saw substantial gains, while Salarius Pharmaceuticals (SLRX), XTL Biopharmaceuticals (XTLB), Fresh2 Group (FRES), and PDS Biotechnology (PDSB) experienced declines.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

CISS

SMR

VLD

In Wednesday's intraday session, several industrials stocks experienced significant movements. Notably, NuScale Power (SMR) surged 26.0%, while Velo3D (VLD) plummeted by 41.7% following its Q4 earnings report. Other gainers include Pixie Dust Technologies (PXDT), SunPower (SPWR), Sunrun (RUN), Stem (STEM), and ESGL Holdings (ESGL). On the losing side, besides Velo3D, C3is (CISS), Professional Diversity (IPDN), Earlyworks Co (ELWS), Knightscope (KSCP), and Bowman Consulting Group (BWMN) saw declines, with CISS also reacting to its Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

BTOG

MRDB

OUST

WETH

In Wednesday's intraday session, several Information Technology stocks showed significant movement. MariaDB (MRDB) and Ouster (OUST) were among the top gainers, with MRDB shares rising 70.2% and OUST by 34.93%, following their Q4 earnings reports. Conversely, Wetouch Technology (WETH) and Bit Origin (BTOG) led the losers, with declines of 35.2% and 24.15%, respectively.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

CCL

CUK

Carnival Corp (CCL, CUK) reported a 22% year-on-year sales growth in Q1 2024, reaching $5.406 billion, slightly missing estimates. The stock declined by 2.55%, trading at $16.59. Despite a temporary relocation of Carnival Legend due to Baltimore Harbor's Key Bridge collapse, technical analysis shows strong bullish sentiment, with indicators suggesting a buying opportunity.

Portfolio Pulse from Surbhi Jain

March 27, 2024 | 4:30 pm

BCAB

BioAtla's stock price increased following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 4:24 pm

Lands' End, Inc. (NASDAQ:LE) shares surged after reporting Q4 adjusted earnings per share of 25 cents, surpassing Wall Street's expectation of 21 cents. Q4 net revenue fell 2.8% to $514.9 million, still beating the $502.71 million analyst consensus. Despite a decrease in global eCommerce and outfitters net revenue, third-party net revenue increased by 3.3%. The company's quarterly gross profit rose 13.5% year over year, with a gross margin increase to 38%. Lands' End provided a mixed outlook for Q1 and FY24, with projected revenues and adjusted earnings per share ranges that have both positive and negative implications compared to analyst estimates. Shares jumped 13.98% to $10.60.

Portfolio Pulse from Nabaparna Bhattacharya

March 27, 2024 | 4:10 pm

SNDA

Sonida Senior Living's stock is trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 4:10 pm

QQQ

SPY

TLT

Investors are closely watching the upcoming release of February's Personal Consumption Expenditure (PCE) price index, a key inflation metric by the Federal Reserve, to gauge potential interest rate adjustments. Recent CPI spikes have raised concerns, affecting expectations for a rate cut. Economists predict a slight increase in both annual and monthly PCE inflation rates. The Federal Reserve's latest forecasts suggest a cautious outlook on inflation, with some adjustments in core inflation predictions. Market reactions to the PCE report could influence expectations for rate cuts, impacting equities, bonds, and gold. The SPDR S&P 500 ETF Trust, iShares 20+ Year Treasury Bond ETF, and Invesco QQQ Trust are highlighted for their reactions to January's PCE data.

Portfolio Pulse from Piero Cingari

March 27, 2024 | 4:08 pm

GME

GameStop Corporation (NYSE:GME) reported Q4 results below analyst estimates, leading Wedbush analyst Michael Pachter to lower the price target from $6 to $5.60. Despite positive industry trends, GameStop faced a sales decline due to a mix shift in software sales, declining hardware sales, and the growth of subscription services. Pachter notes that while GameStop can manage its cash burn and losses, a decline in revenue could jeopardize its cash position without a clear strategy. He predicts GameStop's potential demise within the next decade, though it's outside his 12-month price target window. GameStop shares fell 15% to $13.22 following the report.

Portfolio Pulse from Chris Katje

March 27, 2024 | 4:04 pm