Streetbeat News

Earnings

AAPL

AMD

DELL

MSFT

NVDA

The article discusses a gamma squeeze in AMD and aggressive buying in DELL due to increased AI server orders. It mentions Elon Musk suing OpenAI, co-founded by him, for prioritizing profits over humanity, with Microsoft's investment in OpenAI highlighted. A major bank downgraded Apple, a rare move given AAPL's popularity. Early trade money flows are positive in NVDA, neutral in MSFT, AMZN, META, negative in AAPL, GOOG, TSLA, and mixed in SPY and QQQ. The momo crowd is buying stocks, gold, and oil in early trade.

Portfolio Pulse from The Arora Report

March 01, 2024 | 5:34 pm

MUX

McEwen Mining Inc (NYSE:MUX) shares surged after reporting a significant improvement in its fourth-quarter FY23 results, with an EPS of $2.88 compared to a loss of $(0.79) a year ago, surpassing the consensus loss estimate of $(0.20). Gold production increased, while silver production slightly declined. Revenue from gold and silver sales rose to $166.2 million, up from $110.417 million in 2022. The company also reported a gross profit of $17.8 million, a notable improvement from a gross loss of $(0.5) million last year. Operating cash flow and financial position showed signs of improvement, with a focus on development projects at Canadian and Mexican mines.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 5:34 pm

BLFS

BioLife Solutions shares surged following the announcement of their Q4 adjusted EPS results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:32 pm

CELH

COIN

MSTR

PANW

SIDU

Benzinga's Stock Whisper Index highlights five stocks: Coinbase Global, Palo Alto Networks, MicroStrategy Inc, Celsius Holdings, and Sidus Space Inc, focusing on their recent developments and potential investor interest. Coinbase saw increased traffic amid Bitcoin's surge, Palo Alto Networks rebounded after weak guidance, MicroStrategy's Bitcoin holdings drew attention, Celsius Holdings' earnings beat estimates, and Sidus Space Inc prepared for a satellite launch.

Portfolio Pulse from Chris Katje

March 01, 2024 | 5:31 pm

SYRE

Spyre Therapeutics shares surged following a report of increased Q4 EPS year-over-year. Additionally, Wells Fargo upgraded SYRE from Equal-Weight to Overweight and increased its price target from $12 to $35.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:30 pm

VYX

NCR Voyix shares are trading lower following the announcement of their preliminary Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:27 pm

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) reported mixed Q4 FY23 results with revenue of $241.3 million missing consensus estimates and a decline in operating profit. However, adjusted EBITDA slightly increased, and EPS beat consensus estimates. The company announced a dividend and provided an optimistic FY24 outlook for adjusted EBITDA and CAFD, despite a decrease in operating cash flow and CAFD from the previous year. Shares fell by 1.17% to $17.75.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 5:24 pm

LAB

Standard BioTools shares surged following the announcement of their Q4 revenue results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:16 pm

BIVI

CRDF

FSR

NXU

SCLX

SIDU

The Nasdaq Composite gained around 100 points, with U.S. stocks trading higher. Energy shares rose by 1.6%, while utilities fell by 1.4%. The ISM manufacturing PMI declined to 47.8 in February. BioVie Inc. shares surged 81% after announcing potential improvements for Parkinson's and Alzheimer's patients. Cardiff Oncology's shares rose 38% following positive financial results and clinical updates. Nxu, Inc. shares also gained 38% after a successful Tesla Cybertruck charge. Sidus Space shares dropped 39% after pricing a public offering. Fisker Inc. shares fell 44% due to preliminary revenue results and going concern doubts. Scilex Holding Company shares fell 40% after announcing a bought deal offering.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 5:16 pm

ARLO

Arlo Technologies' shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:12 pm