Streetbeat News

Stock Prices

TOST

Toast shares surged following the announcement of better-than-expected Q4 financial results and optimistic Q1 guidance for adjusted subscription services and financial technology solutions. Additionally, the company has authorized a $250 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:40 pm

JZ

Jianzhi Education Technology Group Company Limited (JZ) announced a change in its ADS ratio from 1 ADS representing 2 ordinary shares to 1 ADS representing 6 ordinary shares, effective around February 20, 2024. This adjustment will act similarly to a one-for-three reverse ADS split for Jianzhi's ADS holders. The change aims to increase the trading price of Jianzhi's ADSs on the Nasdaq, though there's no guarantee of the post-change price meeting expectations. No fractional new ADSs will be issued; instead, net cash proceeds from the sale of fractional entitlements will be distributed to the ADS holders.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:37 pm

COIN

HTOO

ROKU

Coinbase Global (COIN) shares surged 16% following better-than-expected Q4 results and positive Q1 guidance, with Canaccord Genuity upgrading its price target. Fusion Fuel (HTOO) soared 292% after receiving IPCEI approval from the European Commission for its HEVO-Portugal project. Roku (ROKU) shares fell 18% due to disappointing Q4 results and a downgrade by Oppenheimer.

Portfolio Pulse from ryanfaloona@benzinga.com

February 16, 2024 | 1:37 pm

DBX

Dropbox shares are trading lower following the release of their Q4 financial results. Additionally, the stock received downgrades from JMP Securities, moving from Market Outperform to Market Perform, and from B of A Securities, changing from Buy to Underperform with a price target reduction from $34 to $28.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:36 pm

F

GM

HYMTF

STLA

Stellantis N.V. (NYSE:STLA) reported strong earnings for 2023 despite a profit drop in the second half due to a UAW strike. It was the third consecutive year of record results since its formation in 2021, though U.S. sales declined, falling behind Hyundai Motor Company (OTC:HYMTF). Hyundai outperformed Stellantis in U.S. sales, becoming the fourth best-selling automaker. Ford Motor (NYSE:F) and General Motors (NYSE:GM) also reported strong financial results, with Ford reversing a 2022 loss into a 2023 profit and GM posting increased revenue and net income. Stellantis plans to launch 18 new EVs in 2024, aiming for another solid performance year.

Portfolio Pulse from Upwallstreet

February 16, 2024 | 1:36 pm

SPY

U.S. producer inflation in January exceeded expectations, rising by 0.3% month-over-month and by 0.9% year-over-year, leading to a reevaluation of Federal Reserve rate cut expectations for 2024. The core PPI also saw significant increases, surpassing forecasts. This news impacted Treasury yields, the U.S. dollar, and futures on major U.S. averages, with the SPDR S&P 500 ETF Trust (SPY) experiencing a shift to the downside in premarket trading after reaching record highs.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 1:36 pm

HTOO

Fusion Fuel Green PLC (NASDAQ:HTOO) shares surged in premarket trading after the company announced its HEVO-Portugal project was selected for approval under the European Commission's IPCEI Hy2Infra program. The project, valued at €650 million, aims to produce 62,000 tonnes of green hydrogen annually in Sines, Portugal. This approval allows Fusion Fuel to begin funding discussions with government entities and the European Investment Bank.

Portfolio Pulse from Nabaparna Bhattacharya

February 16, 2024 | 1:32 pm

SPY

USA Building Permits for January decreased by 1.5%, missing the estimated 1.3% increase and showing a decline from the previous 1.8% growth.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:32 pm

ASYS

BLND

BSPK

Insiders at Amtech Systems, Bespoke Extracts, and Blend Labs have recently made significant stock purchases. Amtech Systems' CEO bought shares following upbeat Q1 results. Bespoke Extracts' CEO invested despite a 40% stock decline over six months. Blend Labs saw insider buying after a Wells Fargo upgrade and price target increase. These transactions may signal insider confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 1:30 pm

SPY

The USA Core Producer Price Index (PPI) for January increased to 2.0%, surpassing both the estimated 1.6% and the previous month's 1.8%.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:30 pm