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Earnings

IMRX

Immuneering's shares dropped following the announcement of topline results from the Phase 1 portion of its Phase 1/2a clinical trial of IMM-1-104 in advanced RAS-mutant solid tumors.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:52 pm

AAPL

SPY

TSLA

USO

The article discusses the current financial market trends, highlighting hotter Producer Price Index (PPI) data indicating higher inflation at the producer level than expected, and declining retail sales suggesting weakening consumer spending. It mentions the positive early trade money flows in several major tech companies and ETFs, while Tesla and NVIDIA experience negative flows. The International Energy Agency predicts an oil supply deficit throughout 2024, contrary to previous surplus expectations. The article advises investors to consider a more defensive position within the protection band to balance market crosscurrents.

Portfolio Pulse from The Arora Report

March 14, 2024 | 4:47 pm

NTNX

WIT

Wipro Limited (NYSE:WIT) shares rose after announcing an agreement with Desjardins to modernize consumer banking services using its NetOxygen platform. The deal involves integrating Desjardins' loan origination systems into one platform, aiming to enhance customer experience and efficiency. Additionally, Wipro expanded its partnership with Nutanix, Inc. (NASDAQ:NTNX) to launch a new business unit. Despite these developments, Wipro reported a 1.4% decline in Q4 FY23 gross revenue, with IT services revenue down 2.1% Q/Q.

Portfolio Pulse from Lekha Gupta

March 14, 2024 | 4:41 pm

IMRX

Immuneering Corporation (NASDAQ:IMRX) announced positive topline results from the Phase 1 trial of IMM-1-104 for treating advanced RAS-mutant solid tumors. The trial showed promising efficacy and safety profiles, with significant lesion regression and no new acquired alterations in RAS or MAPK pathway genes. Immuneering has selected a 320mg dose for the Phase 2a study, with initial Phase 2a data expected in 2024. Despite the positive news, IMRX shares dropped 44.80% to $3.25.

Portfolio Pulse from Vandana Singh

March 14, 2024 | 4:36 pm

FutureFuel's stock is up following the announcement of positive Q4 financial results, a special dividend of $2.50 per share, and a $25 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:33 pm

RMBL

RumbleOn's shares traded lower following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:32 pm

AAPL

BOTZ

MSFT

NVDA

SMH

Nvidia Corp (NASDAQ:NVDA) is set to host its annual AI conference, GTC, with expectations of unveiling significant news to continue its stock rally. The event, dubbed 'AI Woodstock' by Bank of America analysts, is anticipated to reveal the next-generation AI processor, the B100, and further Nvidia's dominance in the AI market. Nvidia's market cap recently surpassed $2 trillion, closely trailing Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT). Analysts project an 81% revenue surge to $110 billion this year for Nvidia. Investors can also gain exposure to Nvidia through the VanEck Semiconductor ETF (NASDAQ:SMH) and Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ).

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 4:30 pm

CNTY

Century Casinos, Inc. (NASDAQ:CNTY) reported a 39% increase in Q4 revenues to $143.76 million, surpassing analyst expectations. Despite a loss per share of $(0.36), the company saw a 17% increase in Adjusted EBITDAR. Operations in Poland were affected by licensing delays. The company anticipates benefits from newly acquired units starting 2025, with $171.3 million in cash and $346.8 million in debt as of the end of 2023. CNTY shares rose 0.32% to $3.09.

Portfolio Pulse from Nabaparna Bhattacharya

March 14, 2024 | 4:27 pm

KPLT

Katapult Holdings' shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:26 pm

GLD

IBIT

IWM

QQQ

SPY

TLT

UUP

Rising U.S. inflation rates in February, with unexpected increases in both the Consumer Price Index (CPI) and Producer Price Index (PPI), have sparked concerns over the Federal Reserve's potential rate cuts. The CPI and PPI reports showed year-on-year increases of 3.2% and 1.6%, respectively, with significant contributions from a 6.8% surge in gasoline prices. These inflation figures challenge the Fed's hopes for easing inflation towards a 2% target and may affect the anticipated interest rate cuts. The market reacted with Treasury yields rising, the U.S. dollar strengthening, and declines in ETFs tracking bonds, the S&P 500, tech stocks, small caps, gold, and Bitcoin.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 4:19 pm