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Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance as analysts predict significant movements, including a potential Dogecoin pump. US markets see cautious optimism with Nasdaq and S&P futures flatlining ahead of key data, while Waste Management and Goodyear Tire are stocks to watch. Political and economic developments, including US-China tensions and EU climate policy shifts, alongside tech and EV sector updates, including Apple, Google, and Tesla, highlight the global landscape. Elon Musk's activities, from SpaceX Mars plans to Tesla's challenges, also draw attention.

Portfolio Pulse from Akanksha Bakshi

February 12, 2024 | 2:21 pm

VUZI

Vuzix Corp (NASDAQ:VUZI) shares dropped after announcing a mixed shelf offering of up to $300 million. The offering may include common stock, preferred stock, warrants, or a combination, sold directly or through agents, underwriters, or dealers. Despite Wall Street's overall 'Buy' rating, the stock has fallen 36.48% in the past three months, with revenue also down 36.39% over the past year.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:18 pm

GTLB

Cantor Fitzgerald analyst Yi Fu Lee maintains an Overweight rating on GitLab (NASDAQ:GTLB) and raises the price target from $65 to $80.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:16 pm

DKNG

HOOD

NVDA

TSLA

The top 10 trending stocks on WallStreetBets as of February 12, 2024, include NVDA, AS, DAY, SMCI, TSLA, DKNG, SF, AI, ANET, and HOOD, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:15 pm

SASI

Sigma Additive Solutions, Inc. (NASDAQ:SASI) announced a special meeting for stockholders to vote on changing the company's name to NextTrip, Inc. and increasing authorized common stock shares from 1.2M to 250M. The meeting is set for March 8, 2024, and aims to transition the business focus to travel operations. NextTrip has integrated a scalable travel booking engine, assembled a new management team, and established over 200 direct relationships with travel organizations. The company is preparing to re-activate its travel booking platform and anticipates growth in the travel industry.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:14 pm

WISH

ContextLogic announced an agreement to sell substantially all of its operating assets and liabilities to Qoo10 for approximately $173 million in cash, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:10 pm

ROAD

Stifel analyst Stanley Elliott maintains a Buy rating on Construction Partners (NASDAQ:ROAD) and raises the price target from $51 to $57, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:09 pm

JOBY

Joby Aviation Inc (NYSE:JOBY) shares rose after announcing an agreement to launch an air taxi service in the UAE by early 2026, with exclusive rights in Dubai for six years. The company also partnered with Skyports for vertiport sites in Dubai. Joby targets initial operations by 2025. Additionally, Joby has an average 1-year price target of $10, indicating a 56.25% expected upside. Shares were up 8.07% at $6.40 at the time of publication.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:07 pm

JOBY

Joby Aviation's stock is on the rise following the announcement of a definitive agreement with Dubai's Road and Transport Authority to initiate air taxi services in Dubai by early 2026.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:04 pm

SAVE

Spirit Airlines Inc (NYSE:SAVE) filed for a mixed shelf offering, allowing for the sale of warrants and the resale of up to 899,560 shares of common stock. This follows a federal judge blocking JetBlue's acquisition of Spirit, a move previously seen as positive for Spirit's financial struggles. Spirit will not receive proceeds from the sale. The potential merger faces a deadline by July, with options to extend or terminate.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:02 pm