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Stock Prices

CASY

Casey's General Stores (NASDAQ:CASY) is scheduled to release its quarterly earnings report on Monday, 2023-12-11, with an estimated EPS of $3.60. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted positively to earnings beats, with an 8.62% increase after last quarter's report. Shares are currently trading at $274.65, up 11.16% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:00 pm

CDMO

Avid Bioservices shares have declined following the announcement of disappointing Q2 financial results and a reduction in the revenue guidance for FY24, which fell below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:59 pm

CCI

Crown Castle Inc (NYSE:CCI) announced the retirement of CEO Jay Brown, effective January 16, 2024, amid pressure from activist investor Elliott Investment Management, which disclosed a $2 billion position in the company. Anthony Melone has been appointed as interim CEO. Elliott has called for significant changes and may nominate a new Board if necessary. The company recently reported Q3 sales that missed estimates and a year-over-year decline in funds from operations. CCI shares rose 1.20% in premarket trading.

Portfolio Pulse from Lekha Gupta

December 08, 2023 | 1:57 pm

ACB

CGC

CRON

GNLN

OGI

TLLTF

TLRY

VFF

The report by Zuanic & Associates on the Canadian cannabis market shows regional disparities and growth trends, with a 16% YoY growth in nationwide sales. Alberta leads in store density and per capita spending, while Quebec has the lowest. The market is affected by high excise taxes, product caps, and marketing restrictions. Organigram, Village Farms International, Cronos, and others saw varying growth rates across provinces, while companies like Canopy and Tilray experienced declines. The upcoming Vape Market Trends panel will feature CEOs from TILT Holdings and Greenlane Holdings.

Portfolio Pulse from Nicolás Jose Rodriguez

December 08, 2023 | 1:52 pm

MSTR

Bitcoin's price surge in 2023 has prompted MicroStrategy Inc (NASDAQ:MSTR) to purchase an additional 16,130 BTC, bringing its total holdings to 174,530 BTC. MicroStrategy's chairman, Michael Saylor, conducted a Twitter poll to gauge at what price Bitcoin holders would consider selling. The poll showed that 36.3% of respondents would sell at $1 million or never. Analysts see potential catalysts for Bitcoin, including the approval of Bitcoin ETFs and the upcoming halving event in 2024. Ark Funds CEO Cathie Wood has a price target of $1 million for Bitcoin. MicroStrategy's stock has risen over 290% year-to-date in 2023.

Portfolio Pulse from Chris Katje

December 08, 2023 | 1:51 pm

QNCX

SHFS

SILO

UPXI

Insiders at SHF Holdings, Quince Therapeutics, Silo Pharma, and Upexi have recently purchased shares of their respective companies, signaling potential confidence in their future prospects. SHF Holdings and Upexi reported losses in their latest quarterly results, while Quince Therapeutics completed an acquisition and Silo Pharma entered into an exclusive license agreement.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 1:50 pm

AVGO

DELL

Dell Technologies anticipates a decline in its other businesses' net revenue starting in Q4 of FY24 due to Broadcom's acquisition of VMware. The impact is expected as a result of the change in ownership of VMware, which has been a significant part of Dell's business operations.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:50 pm

CURV

MBI

VRME

MBIA Inc. (MBI) shares rose after declaring an $8.00 per share extraordinary cash dividend. VerifyMe (VRME) announced a Share Repurchase Plan and changes to its Board Compensation Program, leading to a significant stock increase. Torrid Holdings (CURV) shares increased following a report of strong Q3 financial results and higher than expected revenue guidance for Q4 and FY23.

Portfolio Pulse from ryanfaloona@benzinga.com

December 08, 2023 | 1:44 pm

QQQ

UUP

The November jobs report showed stronger-than-expected employment growth with non-farm payrolls increasing by 199,000, surpassing the expected 180,000. The unemployment rate also dropped to 3.7%, and average hourly earnings grew by 0.4% month-over-month. These indicators suggest a robust labor market, which could affect the Federal Reserve's interest rate decisions, potentially reducing the likelihood of rate cuts in 2024. Following the report, the U.S. dollar, as tracked by UUP, rallied, while Nasdaq 100 futures fell, and QQQ closed higher the previous day.

Portfolio Pulse from Piero Cingari

December 08, 2023 | 1:39 pm

GTES

Gates Industrial's stock price is trading lower following the announcement of a secondary offering of 15 million ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:39 pm