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SERA

Sera Prognostics (NASDAQ:SERA) reported Q4 2023 earnings with a GAAP EPS of $(0.25), surpassing the $(0.26) estimate. However, their sales of $41,000 missed the $50,000 estimate, marking an 18% shortfall and a 36.92% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:07 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares rose 3.2% to $24.55 after the Federal Reserve decided to keep interest rates steady at 5.25-5.5%. The Fed's future plans include three rate cuts in 2024, aiming for a 4.6% target. This decision and the optimistic economic growth projections for 2024 suggest a favorable environment for Palantir's expansion and growth, potentially boosting its stock price.

Portfolio Pulse from Henry Khederian

March 20, 2024 | 8:06 pm

TKO

TKO Group Holdings, Inc. (NYSE:TKO) shares rose after settling lawsuits with former UFC athletes for $335 million and the announcement of Conor McGregor's UFC return. Analysts from B of A Securities and Citigroup have bullish ratings on TKO, with price targets of $100 and $130, respectively. The average 1-year price target for TKO is $102.4, indicating a 17.53% upside potential.

Portfolio Pulse from Erica Kollmann

March 20, 2024 | 8:05 pm

MU

Micron Technology, Inc. has projected its Q3 adjusted earnings per share (EPS) to be between $0.38 and $0.52, surpassing the estimated $0.20. Additionally, the company expects its revenue to range from $6.4 billion to $6.8 billion, exceeding the $6 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:04 pm

MU

Micron Technology (NASDAQ:MU) reported Q2 2024 adjusted EPS of $0.42, surpassing the $(0.25) estimate, with sales of $5.820B exceeding the $5.342B forecast. This represents a 57.60% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:02 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares surged 9.4% to $3.56 after the Federal Reserve decided to keep interest rates steady, with projections indicating potential rate cuts in 2024. This decision is seen as beneficial for the broader economy and companies like Plug Power, which may experience increased demand for its green energy and fuel cell technology products as economic conditions improve.

Portfolio Pulse from Henry Khederian

March 20, 2024 | 8:02 pm

HOOD

A significant options transaction was observed for Robinhood Markets (HOOD) with a sweep of 347 calls at a strike price of $25, expiring on January 17th, priced near the ask at $2.8. This activity comes ahead of Robinhood's estimated earnings report on May 8th, after market close. The stock reference price at the time of the transaction was $18.515.

Portfolio Pulse from Charles Gross

March 20, 2024 | 7:57 pm

GLD

QQQ

SPY

TLT

Fed Chair Jerome Powell indicated potential rate cuts later this year, emphasizing a cautious approach based on economic conditions. The S&P 500 and Nasdaq 100 rose to all-time highs, while Treasury yields remained flat. Powell's comments on inflation and economic growth projections were balanced, suggesting readiness for both maintaining and adjusting rates as needed.

Portfolio Pulse from Piero Cingari

March 20, 2024 | 7:57 pm

CELH

Celsius shares are trading higher due to overall market strength following the Federal Reserve's decision to leave interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:57 pm

ELF

e.l.f Beauty shares are trading higher due to overall market strength following the Federal Reserve's decision to leave interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:56 pm