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IREN

Iris Energy (NASDAQ:IREN) reported a significant improvement in its Q2 earnings, with a loss of $(0.07) per share compared to a loss of $(0.73) per share YoY. Sales surged to $42.57M from $13.76M YoY, marking a 209.52% increase.

Portfolio Pulse from Happy Mohamed

February 17, 2024 | 2:34 am

Trading for JZ was halted at 7:50:00 p.m. ET due to pending news. The specific reasons for the halt are not disclosed, but it typically indicates significant news that could affect the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

February 17, 2024 | 12:50 am

VCNX

Trading for VCNX was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

February 17, 2024 | 12:50 am

AMD

MSFT

NVDA

OpenAI introduced Sora, a new AI tool capable of creating vivid, detailed videos from text prompts. Co-founder Sam Altman showcased its features, including generating videos up to 60 seconds with complex scenes and emotions. Although not yet public, the tool has generated significant interest. The excitement around AI tools like ChatGPT and Sora has driven up stock prices for tech companies, notably Microsoft, NVIDIA, and AMD, with Microsoft's stock rising over 55% and reaching a market cap of over $3 trillion.

Portfolio Pulse from Aaron Bry

February 16, 2024 | 10:27 pm

The United Auto Workers (UAW) is threatening a strike at Ford Motor Company's Kentucky Truck Plant if their demands, primarily concerning health and safety, are not met within seven days. This plant is significant for Ford, being its largest in terms of employment and revenue. The potential strike highlights ongoing tensions between Ford and the UAW, exacerbated by previous strikes and comments from Ford CEO Jim Farley regarding the company's manufacturing footprint and relationship with the UAW. Ford's shares closed down 1.76% at $12.30 following the news.

Portfolio Pulse from Anthony Noto

February 16, 2024 | 10:26 pm

CMG

EATZ

PBJ

PBPB

SHAK

Jersey Mike's Subs, a rival to Subway, is experiencing a surge in popularity, with visits up 14.1% YoY and plans to open 350 new stores in 2024. The company targets affluent suburbs, attracting a higher percentage of prosperous customers compared to other sub-sandwich chains. In the fast food sector, Potbelly Corporation (PBPB) shares are up 20.5% in 2024, Shake Shack Inc. (SHAK) shares jumped 26%, and Chipotle Mexican Grill Inc. (CMG) shares climbed 88.2% since the start of 2023. The Invesco Food & Beverage ETF (PBJ) is down 1% since the start of 2024, while the AdvisorShares Restaurant ETF (EATZ) is up 2.3% this year.

Portfolio Pulse from Neil Dennis

February 16, 2024 | 10:25 pm

DOGEUSD

SHIBUSD

Dogecoin (DOGE) has seen a 5% increase over the past week, regaining its position in the crypto top 10 with a market cap of $12.2 billion. Analysts predict a potential breakout above $0.09, aiming for $0.10 by the end of February. Significant transactions and a bullish sentiment in the memecoin sector contribute to the positive outlook. Meanwhile, Dogecoin's visibility is further enhanced by interactions between its founder and notable figures like Stephen King and Elon Musk.

Portfolio Pulse from Khyathi Dalal

February 16, 2024 | 10:25 pm

CMCSA

DIS

DKNG

NKE

PARA

Tiger Woods' return to golf in 2024, starting with the Genesis Invitational, is seen as beneficial for the sport and the sports betting sector. DraftKings CEO Jason Robins highlighted the positive impact Woods' participation could have on golf interest and betting. Woods, who recently launched a new apparel brand with TaylorMade after ending his sponsorship with Nike, is competing in his first official tournament since April. The event is broadcasted by media partners including Walt Disney Co, Paramount Global, and Comcast Corporation, with DraftKings offering various betting odds on Woods' performance.

Portfolio Pulse from Chris Katje

February 16, 2024 | 10:25 pm

ANTE

AREN

BREA

DUO

FAZE

FENG

GXAI

MNY

SATS

TRVG

In Friday's after-market session, several communication services stocks experienced notable movements. Gainers included NFT (MI), Phoenix New Media (FENG), So-Young Intl (SY), Fangdd Network Group (DUO), MoneyHero (MNY), and Arena Group Holdings (AREN), with increases ranging from 3.24% to 8.4%. Conversely, losers were Gaxos.AI (GXAI), AirNet Technology (ANTE), Brera Holdings (BREA), EchoStar (SATS), FaZe Hldgs (FAZE), and trivago (TRVG), with decreases ranging from 4.52% to 18.0%.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 9:31 pm

UPC

VRPX

In Friday's after-market session, several health care stocks showed notable movements. Virpax Pharmaceuticals, Dyadic International, Annovis Bio, Sagimet Biosciences, Motus GI Holdings, and ProKidney experienced gains, with increases ranging from 6.99% to 13.3%. Conversely, Universe Pharmaceuticals, Equillium, Kazia Therapeutics, Bright Green, Lucy Scientific Discovery, and NextCure saw declines, with decreases ranging from 6.85% to 21.6%. These movements reflect significant volatility in the health care sector.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 9:31 pm