Streetbeat News

Stock Prices

SPY

Fed's Collins remarks on the labor market's condition influencing future decisions, stating it's premature to discuss a rate cut in May. The policy is deemed 'well positioned', allowing for a methodical approach. The baseline expectation is for the Fed to cut rates this year, but Collins warns against overreacting to single data points on inflation.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:27 pm

PAYC

Kari Firestone announced on CNBC that she is adding to her position in Paycom Software, indicating a positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:26 pm

ADIL

IAS

INGN

OGEN

VANI

VTVT

U.S. stocks traded lower with the Nasdaq down 50 points. Real estate shares rose by 1.1%, while health care shares fell by 0.8%. U.S. crude oil inventories increased more than expected. Vivani Medical, Adial Pharmaceuticals, and vTv Therapeutics saw significant stock price increases, while Oragenics, Integral Ad Science, and Inogen experienced notable declines.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 5:25 pm

MSTR

MicroStrategy shares are trading higher due to the strength in Bitcoin, reflecting the company's significant investment in the cryptocurrency.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:21 pm

AAPL

LLY

TSLA

XBI

Biotech, represented by SPDR S&P Biotech ETF (XBI), has experienced a breakout, indicating strong investor conviction. Eli Lilly (LLY) has seen significant gains, highlighting opportunities beyond AI and big tech. Apple (AAPL) has canceled its electric vehicle project to focus on AI, potentially benefiting Tesla (TSLA). Recent GDP data shows strong economic growth with inflation pressure, while consumer confidence suggests a possible market pullback. Early trade money flows show positive sentiment for TSLA, neutral for AAPL and MSFT, and negative for AMZN, GOOG, META, and NVDA. Gold and oil are seeing buying interest, with USO being the popular oil ETF. Bitcoin has surged past $60,000.

Portfolio Pulse from The Arora Report

February 28, 2024 | 5:19 pm

AMBC

Ambac Financial Group's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:19 pm

DO

Diamond Offshore Drilling's shares dropped following a report of a year-over-year decline in Q4 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:18 pm

VRDN

Viridian Therapeutics' stock price increased following the announcement of their Q4 financial results. Additionally, Wedbush reaffirmed an Outperform rating and increased the price target for VRDN from $39 to $40.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:16 pm

PRKS

United Parks & Resorts Inc. (NYSE:PRKS) reported a slight decline in Q4 fiscal 2023 revenue by 0.4% Y/Y to $389 million, despite a small increase in attendance. Net income and adjusted EBITDA also saw declines of 18.3% and 2.1% Y/Y, respectively. The company announced a new $500 million share buyback program and highlighted the successful opening of its first SeaWorld park in Abu Dhabi. PRKS shares rose by 8.97% to $53.19.

Portfolio Pulse from Akanksha Bakshi

February 28, 2024 | 5:16 pm

OKTA

Whales have shown a bearish stance on Okta (NASDAQ:OKTA), with options trading indicating a split sentiment of 44% bullish and 55% bearish. Notable options activity includes a mix of calls and puts, targeting a price range of $70.0 to $105.0 for Okta. The company, a cloud-native security firm focusing on identity and access management, is currently trading at $86.14, down by -0.89%, with an anticipated earnings release in 0 days.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:15 pm