Streetbeat News

Stock Prices

Trading on TC has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material information.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 12:50 am

DKNG

The GOP nomination race for the 2024 presidential election is currently between Donald Trump and Nikki Haley. Trump has won the first two states, Iowa and New Hampshire, while Haley remains in the race. Crypto bettors on Polymarket are wagering on whether Haley will drop out before the South Carolina primary. The betting market has $62,000 wagered with odds implying a 42% chance that Haley will drop out before the primary. Meanwhile, DraftKings Inc. CEO hopes for political betting to be legalized in the U.S., as the company offers betting on the 2024 presidential election in Canada.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:40 pm

NVDQ

NVDX

SJIM

SKRE

TSLT

TSLZ

The Northern Lights Fund Trust IV Inverse Cramer ETF (SJIM) is shutting down, with the last trading day on February 13 and liquidation proceeds distribution on February 23. Tuttle Capital CEO Matthew Tuttle cited the lack of investor interest and poor timing with the performance of the 'Magnificent 7' stocks recommended by Jim Cramer as reasons for the closure. Despite the shutdown, Tuttle Capital continues to manage over $200 million in assets with the T-REX product line and has launched new ETFs, including the Tuttle Capital 2X Inverse Regional Banks ETF (SKRE) and leveraged and inverse ETFs for Tesla (TSLT, TSLZ) and NVIDIA (NVDX, NVDQ). Tuttle is also considering leveraged Bitcoin ETFs and has another project announcement planned for April.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:08 pm

FFIC

Flushing Financial (NASDAQ:FFIC) reported Q4 adjusted earnings of $0.25 per share, surpassing the consensus estimate of $0.23, and sales of $53.49M, exceeding the $48.12M estimate. However, this represents a 56.14% decrease in earnings per share compared to last year, despite a 14.90% increase in sales over the same period.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:05 pm

General Motors Co (NYSE:GM) stock traded slightly lower after-hours following the release of a 105-page report by Quinn Emanuel on Cruise, GM's autonomous vehicle unit. The report, stemming from an investigation into a robotaxi accident involving a pedestrian, highlighted failures in leadership and an adversarial attitude towards regulators within Cruise. Although it did not accuse Cruise leadership of intentional deception, it criticized the company's handling of the incident. GM, which owns 80% of Cruise, acknowledged the shortcomings. Cruise's robotaxis are currently grounded, with investigations ongoing.

Portfolio Pulse from Erica Kollmann

January 25, 2024 | 10:56 pm

INTC

Intel's CEO announced the company's expectation to ship 40 million AI-enabled personal computers by 2024, indicating a significant focus on integrating artificial intelligence into their product offerings.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:31 pm

ADAUSD

BNBUSD

DOGEUSD

ETHUSD

IBIT

SOLUSD

XRPUSD

Altcoins have experienced a price drop following the approval of a spot Bitcoin ETF, with analysts viewing the correction as a buying opportunity. The altcoin market cap surged 68.9% since the filing of BlackRock's iShares Bitcoin Trust (IBIT), but Ethereum (ETH) underperformed by -17%. Bitcoin's market cap dominance increased post-FTX collapse, while altcoins' market share decreased. Top altcoins include Ethereum, Binance Coin (BNB), XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). Analysts predict a potential surge for altcoins after a final high and full reversal to new lows.

Portfolio Pulse from Khyathi Dalal

January 25, 2024 | 10:22 pm

ASB

Associated Banc (NYSE:ASB) reported Q4 adjusted EPS of $0.53, surpassing the consensus estimate of $0.52 by 1.92%. However, this represents a 24.29% decrease from the previous year's $0.70 per share. Quarterly sales were $258.63M, falling short of the $275.24M estimate by 6.04% and marking a 26.24% decline from last year's $350.65M.

Portfolio Pulse from mahesh@benzinga.com

January 25, 2024 | 10:12 pm

AGIX

FET

LINK

OCEAN

ORAI

RNDR

TAO

Bittensor (TAO), an AI-powered blockchain platform, has seen a significant surge of over 30% in a week, outperforming other altcoins and meme cryptocurrencies. TAO's rise is attributed to its unique proposition in the AI crypto space, which includes facilitating the creation and deployment of intelligent applications. The token's performance has caught the attention of investors and influencers, pushing it past its all-time high of $394. Other AI crypto projects like Render (RNDR), SingularityNET (AGIX), Fetch.ai (FET), Ocean Protocol (OCEAN), Oraichain (ORAI), and Chainlink (LINK) are also noted as potential key players in the sector.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 10:09 pm

NSTB

Northern Star Investment Corp. II (NSTB) announced it will liquidate its trust account due to its inability to complete a business combination by the January 28, 2024 deadline. The liquidation will distribute approximately $10.48 per share to holders of Public Shares. NSTB expects delisting from NYSE American but intends to continue trading on the OTC Pink post-distribution. The company plans to amend its Charter to remove SPAC provisions and retain the possibility of future acquisitions. Units will separate into Public Shares and Warrants before the Distribution, with no payment for Warrants.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:07 pm