Streetbeat News

Stock Prices

FSR

IWM

NVDA

TLT

TSLA

Stocks fell as February's Producer Price Index inflation data exceeded expectations, dashing hopes for a Fed rate cut. U.S. Treasury yields rose, and the iShares 20+ Year Treasury Bond ETF (TLT) saw a decline. The S&P 500, Nasdaq 100, and Dow experienced modest losses, while the VIX surged. The iShares Russell 2000 ETF (IWM) underperformed, and oil prices rose due to anticipated supply deficits. Notable stock movements included Tesla and Nvidia falling, while Robinhood and Halliburton rose. Fisker slumped on bankruptcy reports.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 6:20 pm

VERI

Veritone shares are trading higher due to continued strength following the company's announcement of better-than-expected Q4 revenue results and positive Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:20 pm

WBA

Whales have shown a bearish stance on Walgreens Boots Alliance (WBA), with options trading indicating a mix of bullish and bearish expectations. Analysis of options volume and open interest suggests a price range of $15.0 to $50.0 for WBA. Notable options activity includes both calls and puts with varying sentiments. WBA, a major retail pharmacy chain in the U.S., has seen its stock price slightly decrease, with an upcoming earnings report in 14 days. Analysts have recently downgraded WBA, with target prices ranging from $20 to $23.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:16 pm

BGNE

On March 13, 2024, the FDA approved Beigene's Tevimbra, marking a significant milestone for the company in the pharmaceutical industry. This approval could potentially enhance Beigene's market position and financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:13 pm

ACB

CGC

TLRY

VFF

Village Farms International, Inc. (NASDAQ:VFF) has secured the #2 spot in Canada's recreational cannabis market, showing significant financial improvement and market share growth. The company's effective cost management and low production costs have contributed to its success, alongside a notable increase in exports. VFF's cannabis division reports an 11% sequential increase in net sales, with a strong emphasis on branded sales. The U.S. CBD business has also seen a significant increase in EBITDA despite a sales dip. Analyst Pablo Zuanic highlights VFF's potential for continued market share gains and improved gross margins.

Portfolio Pulse from Nicolás Jose Rodriguez

March 14, 2024 | 6:12 pm

AAPL

A Reddit user, ConstantOne5578, analyzed Warren Buffett's decision not to sell Apple Inc (AAPL) shares despite market fluctuations and strategic shifts. The analysis highlights Buffett's long-term investment strategy and the significant tax implications of selling AAPL shares, which constitute over 80% of Berkshire's investment. Concerns about Apple's strategy, including its move towards ads and regulatory pressures, were also discussed. Other Reddit users contributed to the discussion, emphasizing Buffett's investment rationale and the importance of dividends, share buybacks, and stock appreciation.

Portfolio Pulse from Surbhi Jain

March 14, 2024 | 6:11 pm

BTCUSD

Bitcoin is currently trading 2% down at $71,000, facing potential correction after reaching an all-time high of over $73,700. The U.S. reported higher-than-expected Producer Price Inflation, and the U.K. High Court ruled Craig Wright is not Satoshi Nakamoto. Technical traders predict a correction to the $52-56k range. The market's expectation for rate cuts has decreased, potentially impacting Bitcoin prices.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 6:11 pm

CCI

EXR

GLPI

IRM

PLD

PSA

REXR

Shares of Real Estate Investment Trusts (REITs) are trading lower due to an increase in Treasury yields, which followed the release of Producer Price Index (PPI) data.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:09 pm

IFNNY

NVDA

TSLA

WKSP

Tesla Inc (NASDAQ:TSLA) faces a cooling EV market, impacting its growth projections. Worksport (NASDAQ:WKSP) is innovating in the automotive industry with its solar-powered products and partnership with Infineon Technologies AG (OTC:IFNNY) to use GaN semiconductors, aiming to surpass the current silicon-based solutions like those from NVIDIA Corporation (NASDAQ:NVDA). Nvidia is also exploring new technologies beyond silicon, as indicated by its upcoming GTC AI Conference.

Portfolio Pulse from Upwallstreet

March 14, 2024 | 6:06 pm

GNS

Trading of Genius Group shares has been temporarily halted due to pending news about the company. Investors are awaiting further details to understand the impact on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:04 pm