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Stock Prices

NKE

Nike Inc (NYSE:NKE) reported higher than expected Q3 earnings and sales, with revenue at $12.429 billion and adjusted EPS at 98 cents, surpassing consensus estimates. Despite this, Nike shares fell 6.1% in pre-market trading. Analysts from Goldman Sachs and UBS cut their price targets on Nike, although both maintained a Buy rating.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 11:57 am

CRKN

INHD

The article highlights the top 3 oversold materials stocks with potential for growth in Q1, based on their low RSI values. United States Steel Corporation (X) provided Q1 FY24 guidance with expected adjusted EPS and EBITDA, Crown ElectroKinetics Corp. (CRKN) issued guidance for Q1 and Q2 of 2024, and Inno Holdings Inc. (INHD) announced the launch of its Mobile Factory aimed at reducing costs and carbon footprint for construction projects.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 11:52 am

GIS

SJM

Wall Street's most accurate analysts recommend three consumer staples stocks with over 3% dividend yields: The Coca-Cola Company (KO), The J. M. Smucker Company (SJM), and General Mills, Inc. (GIS). These recommendations are based on their high dividend yields, recent financial performance, and analyst ratings. KO recently increased its quarterly dividend, SJM posted better-than-expected earnings, and GIS reported strong fourth-quarter financial results.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 11:51 am

STEM

Stem Inc.'s stock is trading lower following a downgrade by Goldman Sachs from Buy to Neutral, with a reduced price target from $5.50 to $2.50.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:43 am

ISPR

Ispire Technology announced the pricing of its public offering of 2.05 million shares at $6.00 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:41 am

AAPL

FDX

LULU

NKE

QQQ

RDDT

SPY

TSLA

U.S. stocks are poised for a strong finish to the week, buoyed by rate-cut optimism and anticipation of Fed Chair Powell's speech. The S&P 500's rally this year is deemed 'perfectly normal' by analysts, following a downturn in the midterm year. Futures are up in premarket trading, with notable movements in individual stocks like FedEx, Lululemon, NIKE, and Tesla following earnings announcements and production news. Global markets show mixed reactions, with commodities and bonds also displaying varied trends.

Portfolio Pulse from Shanthi Rexaline

March 22, 2024 | 11:38 am

CDLX

ESOA

PHUN

TRDA

Insiders have made notable purchases in Cardlytics, Phunware, Energy Services of America, and Entrada Therapeutics, signaling confidence in these companies. Cardlytics' insider bought shares worth around $4.96 million, while Phunware's CFO, Energy Services of America's Director, and Entrada Therapeutics' Director also made significant purchases. These actions may indicate a bullish outlook for these stocks.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 11:29 am

TSLA

The resale market for Tesla Inc.'s Cybertruck is facing a downturn, with resale values plummeting from their peak. Prices have dropped significantly, with recent sales figures showing a decline from previous highs. Tesla's production ramp-up and a resale prohibition clause in their agreement, which restricts reselling within a year, are notable factors. Tesla aims to deliver 250,000 Cybertrucks annually by 2025, despite current market challenges.

Portfolio Pulse from Anan Ashraf

March 22, 2024 | 11:25 am

HYZN

Hyzon Motors reported FY23 sales of $0.295 million, a significant decrease from $3.726 million in the previous year. The company's earnings per share (EPS) also worsened, moving from $(0.13) to $(0.75) year-over-year. Hyzon Motors is set to report on Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:22 am

OKYO

OKYO Pharma's shares surged following the announcement that its OK-101 drug achieved statistical significance in treating multiple signs and symptoms of dry eye disease during its Phase 2 trial.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:12 am