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Stock Prices

PLUG

Plug Power Inc (NASDAQ:PLUG) shares dropped 5.5% to $3.07 amid overall market weakness and hotter-than-expected March inflation data, with the CPI rising to 3.5%. Wall Street views PLUG as Neutral, with some analysts expecting a significant rise. The stock has fallen 17.09% in the past 3 months, despite a slight revenue increase.

Portfolio Pulse from Henry Khederian

April 10, 2024 | 1:56 pm

FTXR

RDIV

Ford Motor Company (NYSE:F) shares dropped after announcing a recall of 42,652 Bronco Sport and Escape vehicles in the U.S. due to a risk of fire from broken fuel injectors. This follows a January recall of 2.24 million Explorer SUVs for trim retention clip issues. Ford also revealed upgrades for its 2024 Mustang Mach-E, including a new rear motor and faster charging times. FTXR and RDIV ETFs offer exposure to Ford stock, which has fallen 3.21% to $13.10.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 1:53 pm

ADI

ADSK

GFS

INTU

MCHP

SHOP

TER

Broader technology stocks are trading lower due to rising Treasury yields, which followed the release of hotter-than-expected March inflation data. This indicates a negative market reaction to inflation concerns, affecting technology stocks.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:53 pm

BTCUSD

CKBUSD

ETHUSD

GALAUSD

Bitcoin and Ethereum experienced declines, trading below $70,000 and $3,600 respectively, amid rising U.S. inflation rates and a global crypto market cap decrease of 2.8%. Nervos Network emerged as the top gainer, while Gala was the biggest loser in the past 24 hours.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 1:50 pm

AAPL

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a decline amid $250M in crypto liquidations, with concerns over potential Fed rate cuts. Apple is expanding into Latin America with a new office in Coral Gables. Other highlights include anticipation of US inflation data, political critiques within the US and regarding international relations, and various updates in the tech and electric vehicle sectors, including Apple's growth and Tesla's customer retention.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 1:49 pm

ACHR

Archer Aviation (NYSE:ACHR) has seen a 4.93% increase in its short percent of float, now at 20.44% with 49.21 million shares sold short. This indicates a bearish market sentiment, although it's higher than its peer group average of 10.93%. The article suggests that while increased short interest can signal bearish sentiment, it can also present bullish opportunities for investors.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:45 pm

MCD

McDonald's (NYSE:MCD) has seen a 15.24% increase in short percent of float since its last report, with 8.71 million shares sold short, representing 1.21% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 9.61% short interest. The rise in short interest doesn't necessarily predict a near-term price fall but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:45 pm

GWRE

Guidewire Software (NYSE:GWRE) has seen a decrease in short interest, with the short percent of float falling 11.46% to 2.86% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The company's short interest is below its peer group average of 4.86%, suggesting a relatively more bullish outlook compared to its peers. Short interest is a key indicator of market sentiment, and a decrease can signal increasing bullishness among investors.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:45 pm

BMWYY

Bayerische Motoren Werke AG (OTC:BMWYY), also known as BMW Group, reported a 1.1% year-over-year increase in vehicle deliveries in Q1, totaling 594,671 vehicles. Notably, deliveries of fully-electric vehicles surged by 27.9% to 82,700 units. The company saw strong growth in Europe and the high-end premium segment, although Rolls-Royce deliveries fell by 7.0%. BMW Group's electrified vehicle sales also rose by 11.0%. The company expects a slight increase in automotive deliveries in 2024, with significant growth in fully-electric vehicles and high-end premium models.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 1:44 pm

CF Industries' stock price is trading lower following a downgrade by B of A Securities from Buy to Neutral, with a reduced price target from $96 to $88.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:31 pm