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The upcoming Producer Price Index (PPI) report for February is highly anticipated as it could influence market expectations regarding Federal Reserve rate cuts. Despite higher than expected inflation rates in the consumer sector, markets are leaning towards a 65% probability of a rate cut by June. The PPI report is expected to show a 0.3% monthly increase, with annual producer prices predicted to rise by 1.1%. January's PPI report, which exceeded expectations, led to a negative market reaction, impacting stocks and ETFs like SPY, QQQ, and IWM, as well as major companies like Meta Platforms Inc. (META) and Alphabet Inc. (GOOGL).

Portfolio Pulse from Piero Cingari

March 13, 2024 | 9:29 pm

GORO

Gold Resource (AMEX:GORO) reported Q4 earnings with an EPS of $-0.03, beating estimates by 67.0% but with a revenue decrease of $11.23 million from the previous year. The company had previously missed EPS estimates last quarter, leading to an 18.0% share price drop the following day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 9:25 pm

HNRG

Hallador Energy (NASDAQ:HNRG) reported a significant decrease in Q4 earnings per share from $0.93 last year to $(0.27) this year, alongside a 21.63% decrease in sales to $119.18M, missing the $199.20M estimate.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 9:20 pm

DOGEUSD

SHIBUSD

Dogecoin (DOGE) and Shiba Inu (SHIB) have seen significant gains, but not as much as other meme coins. SHIB's long-term holder addresses decreased, and its burn rate and daily transactions have dropped. DOGE's holders in a specific range have also decreased, but its price correlation with Bitcoin is high. Technical analysis suggests DOGE's major gains are yet to come. Binance waived interest fees for borrowing several meme coins, including DOGE and SHIB, to possibly promote them. Despite some concerns, analysts remain bullish on these tokens.

Portfolio Pulse from Khyathi Dalal

March 13, 2024 | 9:20 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares surged in after-hours trading on Wednesday following the announcement of positive monthly metrics for February. The company reported an increase in total funded customers to 23.6 million, net deposits of $3.6 billion, and a 16% rise in assets under custody to $118.7 billion. Trading volumes across all asset classes also saw significant increases, with equity notional trading volumes up 36%, options contracts traded up 12%, and crypto notional trading volumes up 10%. Additionally, margin balances and total cash sweep balances rose by 6% and 8% respectively, while securities lending revenue increased by 8%.

Portfolio Pulse from Adam Eckert

March 13, 2024 | 9:18 pm

NOA

North American (NYSE:NOA) reported Q4 earnings with an EPS of $0.64, missing estimates by 14%, but showed a revenue increase of $65.96 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, which previously led to a 1% drop in share price.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 9:15 pm

NOA

North American (NYSE:NOA) reported Q4 earnings of $0.64 per share, missing the consensus estimate of $0.74, a 13.51% miss and a 21.95% decrease from last year's $0.82. Sales were $239.75M, missing the $249.73M estimate by 4.00%, but marking a 37.96% increase from last year's $173.78M.

Portfolio Pulse from mahesh@benzinga.com

March 13, 2024 | 9:13 pm

OPAL

OPAL Fuels (NASDAQ:OPAL) reported Q4 earnings with an EPS of $0.11, missing the estimate of $0.17 by -35.0%. Revenue increased by $20.29 million from the same period last year. Despite missing EPS estimates last quarter, the share price increased by 2.0% the following day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 9:10 pm

OPAL

OPAL Fuels reported Q4 2023 earnings of $0.11 per share, missing the consensus estimate of $0.28 by 60.71%. Quarterly sales were $87.008M, below the $89.240M estimate, but marked a 30.41% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 9:09 pm

FSR

Fisker Inc. (NYSE:FSR) shares dropped after hours following a Wall Street Journal report about the company's potential bankruptcy filing. The company, facing over $1 billion in debt and significant losses, has hired restructuring advisers. This news comes after a recent negative review of Fisker's Ocean SUV by tech YouTuber Marques Brownlee and a 15% workforce reduction.

Portfolio Pulse from Erica Kollmann

March 13, 2024 | 9:06 pm