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Stock Prices

GPOR

Keybanc analyst Tim Rezvan has maintained an Overweight rating on Gulfport Energy (NYSE:GPOR) and increased the price target from $143 to $160.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:11 am

EQT

EQT Corporation (NYSE:EQT) has decided to curtail about 1 Bcf per day of gross production starting in late February due to low natural gas prices, caused by warm winter weather and high storage inventories. The curtailment is expected to last through March, with a total reduction of 30 to 40 Bcf of net production in Q1. The company will reassess market conditions after this period.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:04 am

DECK

SMCI

ZION

Super Micro Computer, Inc. (SMCI) and Deckers Outdoor Corporation (DECK) are set to join the S&P 500, replacing Zions Bancorporation (ZION). In pre-market trading, SMCI shares surged 13.4%, while DECK shares rose 7.1%. Other notable movers include BitFuFu Inc. (FUFU) with a 173% jump after completing a business combination, and Macy's, Inc. (M) climbing 13.3% following an elevated bid from Arkhouse & Brigade Capital. The overall U.S. stock futures were mixed.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 10:01 am

LMT

RTX

Shares of Lockheed Martin Corp (LMT) and Raytheon Technologies Corp (RTX) have declined due to legislative deadlock in Washington, affecting U.S. defense spending. This contrasts with the rise in European defense stocks post-Russia's invasion of Ukraine. The uncertainty over the 2024 defense budget and potential reduction in F-35 orders for Lockheed Martin are key concerns.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 9:37 am

BYDDY

TSLA

BYD Co, a leading Chinese EV manufacturer, has cut the price of its new Yuan Plus version by 12% to compete in China's intense EV market. This move is part of a broader strategy to attract customers amid a cooling market, where rivals like Tesla have also reduced prices. BYD's price cut reflects its aggressive approach to maintaining a competitive edge in the world's largest automobile market.

Portfolio Pulse from Anan Ashraf

March 04, 2024 | 9:04 am

BTCUSD

Bitcoin (BTC) reached $65,000, approaching its all-time high of $69,000. The increase is driven by positive market sentiment, institutional demand, and the halving event. Open Interest on the CME for Bitcoin futures has reached a record $8.7 billion, indicating strong institutional interest. Whales holding at least 1,000 Bitcoin have increased their holdings by over 7% since October 2023.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 9:04 am

BTCUSD

Andrew Tate, a controversial figure, commented on Bitcoin's potential rise to $70,000, stating he would call everyone losers if it happens. He shared his team's success with Bitcoin but criticized the societal value of cryptocurrencies, highlighting his stance against creating his own crypto. Tate faces legal charges and had assets, including 21 Bitcoins, confiscated by Romanian authorities. Bitcoin was trading at $65,175.69, up 5.7%.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 8:58 am

FFND

TSLA

Gary Black, a Tesla bull, suggests that Tesla and other EV leaders need to improve communication to convince rational pragmatists to adopt electric vehicles, similar to how Apple convinced users to switch to iPhones. Despite high interest rates, Black believes effective communication, not price cuts, is key to boosting EV adoption. Tesla's recent financial performance has been underwhelming, with missed expectations and concerns over first-quarter deliveries. Black holds Tesla in the Future Funds Active ETF (FFND) with a 5.07% weighting.

Portfolio Pulse from Shanthi Rexaline

March 04, 2024 | 7:51 am

BIVI

BioVie Inc. (NASDAQ:BIVI), a clinical-stage company focused on liver disease and neurological disorders, announced a $21M public offering at $1 per share, including 21,000,000 shares or pre-funded warrants and warrants for up to 10,500,000 shares at $1.50 each, exercisable for five years.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 7:30 am

AMZN

META

MSFT

NVDA

Dan Niles, a prominent hedge fund manager, has selected Nvidia, Meta, Microsoft, and Amazon as his top stock picks for 2024, citing their earnings potential amid AI bubble concerns. Despite negative revisions for other tech giants, these companies have seen a 50% average increase in EPS expectations since last year. Nvidia's leadership in AI chip production, Meta's investment in Nvidia, Microsoft's expansion of AI technologies, and mixed sentiment on Amazon highlight the diverse factors influencing these picks.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 7:05 am