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Stock Prices

IFBD

JANX

LOW

NERV

NRXP

TWKS

VKTX

Nasdaq rose by 50 points as Lowe's Companies Inc (LOW) reported better-than-expected Q4 results, with sales of $18.60 billion and EPS of $1.77. Lowe's anticipates FY24 revenue of $84-$85 billion and adjusted EPS of $12.00-$12.30. Janux Therapeutics (JANX), Infobird Co. (IFBD), and Viking Therapeutics (VKTX) saw significant stock increases due to positive clinical data and market volatility. Conversely, Minerva Neurosciences (NERV), Thoughtworks Holding (TWKS), and NRx Pharmaceuticals (NRXP) experienced substantial declines due to regulatory setbacks and disappointing financial results.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:42 pm

GLD

IWM

META

NVDA

USO

UUP

The article discusses the potential impact on markets if the Federal Reserve does not cut interest rates in 2024, considering recent inflation data and labor market strength. It highlights risks from supply chain issues, wage growth, and fiscal policy challenges. The iShares Russell 2000 ETF (IWM), Nvidia Corporation (NVDA), Meta Platforms Inc (META), the Invesco Dollar Index Bullish Fund (UUP), the SPDR Gold Shares ETF (GLD), and the United States Oil Fund ETF (USO) are mentioned in relation to their potential reactions to prolonged high interest rates.

Portfolio Pulse from Neil Dennis

February 27, 2024 | 2:42 pm

BOSC

CSIQ

DAKT

TSEM

UMC

Benzinga Insights has identified 5 value stocks in the technology sector based on low P/E multiples, indicating potential undervaluation. The stocks include Canadian Solar (CSIQ), BOS Better Online Solns (BOSC), United Microelectronics (UMC), Daktronics (DAKT), and Tower Semiconductor (TSEM). The report highlights recent earnings per share and changes in dividend yields, suggesting these stocks may require time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:41 pm

NERV

Trading of Minerva Neurosciences shares has resumed, indicating a return to normal trading activities for the company.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:40 pm

EBAY

eBay Inc. (NASDAQ:EBAY) offers a dividend yield of 2.28%, with a quarterly dividend of 25 cents a share. To earn $500 monthly from eBay dividends, an investor needs to own approximately 6,000 shares, valued around $263,280. The article also discusses the impact of stock price changes on dividend yield and anticipates eBay's Q4 earnings report, expecting quarterly earnings of $1.03 per share, down from $1.07 year-ago, with projected revenue of $2.51 billion.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:39 pm

NVDA

SOUN

SoundHound AI Inc (NASDAQ:SOUN) shares surged over 46% on Monday, driven by speculation of its involvement in the AI-RAN Alliance, a collaborative initiative for integrating AI into cellular technology, announced at the GSMA Mobile World Congress in Barcelona. The alliance, which includes Nvidia Corp (NASDAQ:NVDA) among others, aims to explore new opportunities for telecom companies through AI. SoundHound, known for its voice AI solutions, is trending on social platforms, with traders anticipating an announcement during its earnings report this week. The company is expected to report a Q4 loss of 6 cents per share with revenue of $17.746 million. SoundHound's stock has also been influenced by Nvidia's recent quarterly results and investments.

Portfolio Pulse from Adam Eckert

February 27, 2024 | 2:37 pm

NERV

Shares of Minerva Neurosciences were halted due to a circuit breaker triggered by a sharp decline, with the stock plummeting by 58.2%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:36 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum saw significant gains, with Bitcoin surpassing the $56,000 mark and Ethereum trading above $3,200. The global crypto market cap increased by 8.3% to $2.15 trillion. Pepe and Theta Network were among the top gainers, while Worldcoin was the biggest loser. The article lists the top ten crypto gainers and losers over the past 24 hours.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:31 pm

NERV

Minerva Neurosciences' stock is trading lower following the FDA's issuance of a Complete Response Letter for the New Drug Application of roluperidone, intended to treat negative symptoms in schizophrenia patients.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:31 pm

WIMI

WiMi Hologram Cloud (NYSE:WIMI) has seen a 27.81% decrease in short interest, now at 491 thousand shares or 1.09% of float, taking 3.79 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards WIMI, contrasting with its peers where the average short interest is 2.23% of float.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:30 pm