Streetbeat News

Earnings

NVDA

TSLA

Nvidia Corporation (NVDA) has become the most popular stock among retail investors, surpassing Tesla Inc. (TSLA), with over $1 billion in purchases over a ten-day period compared to Tesla's under $500 million. Nvidia's stock has surged 60% year-to-date, while Tesla has declined by 18%. This shift reflects a broader change in retail sentiment, with Nvidia now seen as a bellwether of retail investment trends. Despite Nvidia's high stock price, its strong earnings growth from H100 GPU chips sales, praised by Tesla's CEO, has contributed to its popularity. Meanwhile, Tesla's retail investor interest has waned due to recent challenges and stock performance.

Portfolio Pulse from Ananya Gairola

March 02, 2024 | 2:49 am

AAPL

IBIT

MSFT

NYCB

QQQ

SPY

Stock markets rose further with the Nasdaq 100 and S&P 500 hitting record highs, driven by favorable inflation data and strong corporate earnings. Bitcoin surpassed $60,000, while New York Community Bancorp's stock plummeted due to internal turmoil. Elon Musk sued OpenAI, alleging a shift towards profit generation for Microsoft. Bitcoin ETFs experienced record inflows, and Goldman Sachs dropped Apple from its conviction list but maintained a 'Buy' rating.

Portfolio Pulse from Piero Cingari

March 01, 2024 | 9:35 pm

BVN

MUX

RGLD

USAU

McEwen Mining Inc. (MUX) and Compañia de Minas Buenaventura S.A.A. (BVN) reported their financial results for Q4 and full-year 2023, with MUX showing significant improvement and BVN experiencing a net loss in Q4. Royal Gold, Inc. (RGLD) declared a Q2 dividend of 40 cents per share. U.S. Gold Corp (USAU) received a Buy rating and a price target of $11 from HC Wainwright & Co.

Portfolio Pulse from Austin DeNoce

March 01, 2024 | 9:33 pm

AQMS

ORN

ZCAR

In Friday's after-market session, several industrials stocks showed notable movements. Orion Group Holdings (ORN) led the gainers with an 8.2% increase following their Q4 earnings release two days prior. Other gainers included Aqua Metals (AQMS), Singularity Future Tech (SGLY), Ideanomics (IDEX), ESS Tech (GWH), and Vertical Aerospace (EVTL) with increases ranging from 4.34% to 6.01%. On the losing side, Zoomcar Holdings (ZCAR) experienced the largest drop of 6.7%, followed by Ault Alliance (AULT), Roma Green Finance (ROMA), BioNexus Gene Lab (BGLC), MingZhu Logistics Holdings (YGMZ), and Baiyu Holdings (BYU) with declines between 4.14% and 6.32%.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 9:32 pm

MPU

Mega Matrix Corp. (NYSE:MPU), owner of FlexTV, announced unaudited revenue of ~$6M for Jan-Feb 2024, marking a 356% increase from Nov-Dec 2023. FlexTV's success follows its acquisition by MPU and includes significant growth in its short drama business. The company highlighted the global reach of FlexTV, available in over 100 countries, and its optimistic outlook for Q1 fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:22 pm

AADI

Aadi Bioscience, Inc. (NASDAQ:AADI) announced long-term efficacy and safety results from its Phase 2 AMPECT study of nab-sirolimus for treating malignant PEComa, showing significant survival benefits. The study, published in the Journal of Clinical Oncology, reported a median duration of response of 39.7 months and median survival over 53 months, surpassing historical median survival rates of 16 to 29 months. The confirmed overall response rate was 38.7%, with durable responses and tolerable safety profile.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:14 pm

CTKB

Cytek Biosciences Inc has filed for a non-timely 10-K with the U.S. SEC, indicating it will report un-remediated material weaknesses for the quarter ended Sept 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:14 pm

ESTC

Elastic NV (ESTC) reported Q3 earnings of 36 cents per share, beating estimates, and sales of $328 million, slightly above expectations. The company raised its FY2024 revenue outlook, but shares fell over 10% due to disappointment in SaaS growth and cloud revenue concerns. Analysts from Truist, Piper Sandler, Scotiabank, Stifel, Goldman Sachs, and Rosenblatt provided mixed reactions, adjusting their price targets accordingly.

Portfolio Pulse from Erica Kollmann

March 01, 2024 | 9:12 pm

CIFR

Cipher Mining Inc. (NASDAQ:CIFR) announced its February 2024 operational update, reporting the production of approximately 334 BTC despite a 9.4% increase in the average monthly network hash rate. The company sold about 33 BTC and ended the month with a balance of approximately 1,433 BTC. Cipher also announced it will host its Q4 and Full Year 2023 results call on March 5th.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:10 pm

LL Flooring is facing challenges due to a tough macroeconomic environment characterized by low consumer confidence, inflation, and volatile interest and mortgage rates, leading to declines in home sales. Consequently, the company is not providing financial guidance at this time. For 2024, LL Flooring expects to maintain adjusted gross margins, driven by potential reductions in transportation costs, despite anticipating an increase in SG&A expenses and planning for $15 million in capital expenditures, mainly for strategic initiatives like the rollout of Carpet across its store portfolio.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:08 pm