Streetbeat News

Stock Prices

ADM

CHTR

LLY

META

MKTX

NVDA

Nearly half of S&P 500 stocks are trading below their 50-day moving average, indicating a divide in the market. Charter Communications, Archer-Daniels-Midland, and MarketAxess Holdings are the top three 'cheapest' stocks based on this metric. Conversely, NVIDIA, Meta Platforms, and Eli Lilly lead the 'richest' stocks, trading well above their 50-day averages. This disparity highlights the uneven recovery and bearish sentiment affecting a significant portion of the index.

Portfolio Pulse from Piero Cingari

February 14, 2024 | 5:49 pm

ABT

The FDA's Circulatory System Devices Panel has favorably reviewed Abbott Laboratories' TriClip device for treating tricuspid regurgitation (TR), with votes supporting its safety, effectiveness, and risk/benefit profile. The TriClip, a minimally invasive device designed for the tricuspid valve, has been approved in over 50 countries and treated over 10,000 people. The FDA's final decision on the device is expected in 2024. Abbott's stock (ABT) saw a slight increase of 0.18% to $111.54.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 5:47 pm

BKKT

Trading of Bakkt Holdings shares has resumed after a temporary halt. This development could influence investor sentiment and market dynamics for BKKT.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:44 pm

BTCUSD

Bitcoin (BTC) has reached an all-time high in Japanese yen, trading at 7.81 million yen, surpassing its previous high from November 2021. This milestone comes as the yen has weakened significantly against the dollar. Bitcoin's market cap is back above $1 trillion, and it's close to setting new highs in other currencies due to their depreciation against the dollar. Countries like Argentina and Turkey, with high inflation rates, have seen Bitcoin reach new highs against their currencies.

Portfolio Pulse from Khyathi Dalal

February 14, 2024 | 5:42 pm

TYGO

Tigo Energy's shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:41 pm

CCG

HUIZ

MCY

ROOT

In Wednesday's intraday session, the insurance industry saw significant movements with Cheche Group leading the gainers with a 107.54% increase, while Huize Holding led the losers with a 2.57% decline. Other notable movers included Root, Mercury General, Investors Title, SelectQuote, and Hippo Holdings on the gainers' side, and Principal Finl Gr, Enstar Gr, Prudential Financial, and Oxbridge Re Holdings among the losers.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:40 pm

NMTC

NeuroOne Medical Technologies shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:38 pm

EVA

Enviva Inc (NYSE:EVA), the largest U.S. wood pellet exporter, is reportedly preparing to file for bankruptcy due to significant losses from speculative commodity pricing. The company missed a $24 million interest payment and is in a 30-day grace period expiring soon. Bondholders may extend this period or finance the Chapter 11 process. Enviva's shares have dropped 99% over the past year after a failed strategy led to substantial losses. The company, which operates ten plants and six marine terminals, is facing doubts about its ongoing viability.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 5:37 pm

HMC

SONY

TSLA

Sony and Honda's joint venture, Sony Honda Mobility, plans to launch three electric vehicle (EV) models by the late 2020s to compete with Tesla. The lineup includes a sedan in 2025, an SUV in 2027, and an affordable compact by 2028, all sharing the same chassis for cost efficiency. The Afeela Sedan is expected to be priced over 10 million yen ($66,413). Additionally, Honda recently recalled 750,114 vehicles in the US over airbag concerns but reported no injuries. Honda aims for up to 1.3 million sales for the Honda brand and 150,000 for Acura in 2024. HMC shares dropped 1.06% to $33.70.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 5:36 pm

SPY

U.S. Treasury Secretary Yellen commented on the market's reaction to the latest CPI data, stating that focusing on minor fluctuations is a mistake. She highlighted that the prices of gasoline, eggs, cars, and trucks have declined, indicating that inflation is returning to normal levels.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:36 pm