Streetbeat News

Stock Prices

AAOI

Applied Optoelectronics, Inc. (NASDAQ:AAOI) reported Q4 results with adjusted earnings of 4 cents per share and sales of $60.45 million, missing market estimates. The company forecasts a Q1 adjusted loss of 33 to 28 cents per share, with revenue expectations significantly below market estimates. Despite this, shares rose 6% to close at $20.35. Analysts from B. Riley Securities and Rosenblatt adjusted their price targets and ratings post-results.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 12:48 pm

NLSP

NLS Pharmaceutics announced it has submitted a plan to regain compliance with Nasdaq listing requirements. The company's efforts to meet Nasdaq's standards highlight its commitment to maintaining its listing and providing value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:45 pm

ATNM

Actinium Pharmaceuticals, Inc. announced positive results from the SIERRA trial for Iomab-B in TP53 positive relapsed refractory acute myeloid leukemia patients, presented at the 2024 Transplantation & Cellular Therapy Meetings of ASTCT And CIBMTR. The results highlight improved survival rates, marking a significant advancement in treatment options for this patient group.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:43 pm

SSP

E W Scripps (NASDAQ:SSP) reported Q4 earnings of $0.09 per share, missing the consensus estimate of $0.15 by 40%. Year-over-year, earnings decreased by 89.29% from $0.84. However, Q4 sales of $615.77M exceeded estimates by 2.29% but represented a 9.57% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:43 pm

ADI

NVDA

SONY

TSM

Taiwan Semiconductor Manufacturing Co (TSM) is driving a semiconductor investment boom in Japan, particularly in Kumamoto, attracting Taiwanese and Southeast Asian investors. This move, partly a response to U.S. sanctions on China, has also spurred the expansion of CTBC Bank and other Taiwanese banks into Japan to support the growing semiconductor market. TSMC's new facilities, including a second factory for 6-nm chips, are set to bolster Japan's semiconductor industry, with mass production aimed to supply major companies like Sony and Denso. Analog Devices, Inc (ADI) has also partnered with TSMC's subsidiary JASM for long-term wafer capacity. TSMC's stock has seen a significant increase, reflecting the positive market response to its expansion and the ongoing AI investment frenzy.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 12:36 pm

NVDA

QQQ

RSP

SMH

SPY

XLI

XLV

U.S. stocks are set for a mixed open after Thursday's rally, driven by Nvidia's strong quarterly results and Federal Reserve Governor Lisa Cook's comments on interest rates. The Nasdaq Composite and S&P 500 reached new highs, with IT stocks leading gains. Analysts suggest earnings will be a major market catalyst this year, with mixed views on the economy's direction and the Federal Reserve's actions. Premarket trading saw movements in several stocks due to earnings reports, with notable rises and falls.

Portfolio Pulse from Shanthi Rexaline

February 23, 2024 | 12:34 pm

BENF

GOVX

INM

Insiders at GeoVax Labs, Beneficient, and InMed Pharmaceuticals have recently made significant stock purchases. GeoVax Labs' CEO acquired shares at $2.27 each, with financial results expected in 2024. Beneficient's Director bought shares at $0.26 each after a reported quarterly loss. InMed Pharmaceuticals' Director purchased shares at $0.39 each, following positive Alzheimer's drug candidate data. These transactions may indicate insider confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 12:34 pm

MODV

ModivCare Inc. (NASDAQ:MODV) reported Q4 earnings above market expectations but provided a weaker sales forecast for Q1, leading to a 2.8% drop in its shares. The company's adjusted earnings were $1.29 per share, with sales of $702.83 million, surpassing estimates. However, its Q1 revenue forecast of $650 million to $700 million falls short of the expected $702.031 million. Analysts from Deutsche Bank and Jefferies have subsequently lowered their price targets and downgraded the stock.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 12:32 pm

RBA

Ritchie Bros Auctioneers (NYSE:RBA) reported Q4 adjusted earnings of $0.82 per share, surpassing the $0.70 estimate, marking a 20.59% increase from last year. Quarterly sales reached $1.04 billion, aligning with estimates and showing a 134.31% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:31 pm

SHO

Sunstone Hotel Investments (SHO) reported Q4 2023 FFO of $0.19 per share, surpassing the $0.17 estimate, with sales of $219.22M also beating the $216.84M estimate. However, this represents a 10.30% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:31 pm