Streetbeat News

Stock Prices

NVDA

Options traders anticipate an 11% swing in NVIDIA Corp (NASDAQ:NVDA) stock around its earnings report on Feb. 21, marking the largest expected pre-earnings move in three years. The stock has already surged 50% this year, and the potential swing could shift its market value by about $200 billion. Demand for upside options remains high, with the 90-day 25 delta call skew near a five-year peak. Nvidia's recent achievements and investments in AI are seen as key growth drivers.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 2:55 am

LCID

TSLA

Lucid Group Inc (NASDAQ:LCID) announced a $6 million cash bonus for CEO Peter Rawlinson, recognized for his contributions to the Lucid Gravity SUV unveiling. Elon Musk criticized the bonus on X, suggesting it's inversely proportional to performance. Lucid's stock has fallen 65.9% over the past year, despite a recent 5.2% increase.

Portfolio Pulse from Anan Ashraf

February 16, 2024 | 2:47 am

COIN

DKNG

ROKU

SMCI

TSLA

DraftKings, Coinbase, Super Micro Computer, Roku, and Tesla were among the top stocks on investors' radars, with significant movements and news impacting their stock prices. DraftKings reported a 44% increase in Q4 revenue and an acquisition to boost its digital lottery market presence. Coinbase exceeded Q4 revenue estimates with transaction revenue up by 83%. Super Micro Computer surged due to its strong AI market positioning. Roku saw a 14% increase in Q4 revenue, with strategic expansions into branded TVs. Tesla's stock rose amid CEO Elon Musk's compensation plan appeal, reflecting strategic responses to challenges.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 2:17 am

DE

F

TSLA

Ford CEO Jim Farley encourages investors to focus on Ford's 'Pro' unit over Tesla's Full Self-Driving, highlighting its potential with expected pretax earnings of $8-$9 billion this year. Farley compares Ford Pro to Deere & Co's success and emphasizes its undervaluation. Morgan Stanley's Adam Jonas also sees Ford Pro as a 'cash cow'. Despite challenges, Ford's EV sales in 2023 show significant growth, with Farley optimistic about future profitability.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 1:42 am

SISI

Trading for SISI 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 16, 2024 | 12:50 am

EA

Electronic Arts Inc (NASDAQ:EA) announced the upcoming release of College Football 25, set for Summer 2024. The game marks the return of EA's popular college football franchise, which was discontinued after 2013 due to legal challenges. EA has settled lawsuits related to the use of player likenesses, paving the way for this release. The announcement, accompanied by a teaser trailer, has generated excitement among fans. EA's stock reached new 52-week highs, reflecting positive investor sentiment.

Portfolio Pulse from Chris Katje

February 16, 2024 | 12:24 am

ADAUSD

Cardano (ADA) experienced a 4.4% increase, surpassing the $0.60 mark, with analysts predicting a future breakout. The Messari report highlighted a significant growth in Cardano's total value locked (TVL) and daily transactions. Charles Hoskinson discussed bullish factors for Cardano, including liquid staking and growth without venture capital. Analysts predict a potential rise to $0.80, with strong holder belief in the ecosystem and technical indicators suggesting an explosive rally.

Portfolio Pulse from Khyathi Dalal

February 16, 2024 | 12:03 am

F

Ford Motor Co (NYSE: F) is reevaluating its future vehicle production locations due to the financial impact and operational changes stemming from the 2023 UAW strikes. CEO Jim Farley highlighted the significant relationship shift with the UAW and mentioned the company's contemplation on non-US factories. The strikes led to higher wages for Ford workers, potentially affecting margins and future investments. Ford anticipates $2 billion in costs this year, expected to offset the new UAW contract costs. Farley's remarks suggest a possible shift in Ford's manufacturing strategy, which could impact its transition to electric vehicles.

Portfolio Pulse from Chris Katje

February 15, 2024 | 11:50 pm

BITB

BITW

Ric Edelman predicts $150 billion inflows into spot Bitcoin ETFs by 2025, driven by independent advisors' desire to add Bitcoin to their portfolios. This demand, coupled with Bitcoin's fixed supply, could push its price to $150,000. Matt Hougan of Bitwise Asset Management highlights the attractiveness of the ETF landscape for crypto, noting the potential of the financial advisor market. Bitwise's Bitcoin ETF (BITB) and 10 Crypto Index Units (BITW) are mentioned as benefiting from this trend.

Portfolio Pulse from Khyathi Dalal

February 15, 2024 | 11:36 pm

AUST

During the 'Mining Unearthed: Navigating the Ore of Innovation' virtual event, Dennis Higgs, president of Austin Gold Corp (NYSE:AUST), discussed the company's exploration strategies in Nevada and Oregon. Higgs highlighted the potential for significant gold discoveries in these regions, known for their mineral wealth. Austin Gold Corp. focuses on areas like Nevada's 'elephant country' and the Stockade Mountain project in Oregon, aiming to leverage modern exploration techniques and an experienced team to uncover new gold reserves. Higgs emphasized the importance of exploration in generating shareholder value and contrasted gold's reliability as an asset with the speculative nature of cryptocurrencies.

Portfolio Pulse from Abbey Higginbotham

February 15, 2024 | 11:13 pm