Streetbeat News

Stock Prices

FRBK

Republic First Bancorp, Inc. (NASDAQ:FRBK) has been notified by Nasdaq that its common stock will be delisted from the exchange as of August 23, 2023, due to the company's failure to file its Annual Report on Form 10-K for FY22. The company's stock is expected to begin trading on the OTC marketplace. The delay in financial filings is attributed to the former executive team's failure to maintain adequate internal controls and a systems conversion implemented in June 2022. The company may reapply to list on a major exchange after filing all delayed reports and meeting other listing requirements.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:44 pm

AMC

Shares of AMC Entertainment Holdings have been halted on a circuit breaker due to a significant drop in the stock price. The stock is currently down by 15.1%.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:41 pm

BIDU

LOW

NVDA

TSLA

The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, world economy, tech, electric vehicle, communication, industrials, and consumer. Key highlights include muted energy stocks as oil prices edge down, SEC's action against Titan for misleading crypto claims, and Lowe's mixed Q2 performance with a reaffirmed annual outlook. In tech, Baidu's Q2 earnings beat expectations and Nvidia's stock surge is discussed. In the electric vehicle sector, Tesla is reportedly preparing for Cybertruck mass production and a potential India debut.

Portfolio Pulse from Akanksha Bakshi

August 22, 2023 | 1:41 pm

NVAX

Novavax Inc's stock is trading higher after the company announced that its updated COVID-19 vaccine generated neutralizing antibody responses to the EG.5.1 and XBB.1.16.6 subvariants. The company is in the process of submitting applications for its XBB.1.5 COVID vaccine candidate to regulatory authorities. Novavax shares were up 5.7% at the time of publication.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 1:41 pm

AMC

Trading of AMC Entertainment Holdings shares has resumed.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:39 pm

LULU

Shares of Lululemon Athletica Inc (NASDAQ:LULU) are trading lower by 1.24% after Dick's Sporting Goods lowered its guidance, which could reflect lower consumer confidence or spending. This sentiment could extend to Lululemon, as both companies target similar demographics. Investors might worry that consumers are cutting back on discretionary spending, which could negatively impact Lululemon's sales and growth prospects.

Portfolio Pulse from Henry Khederian

August 22, 2023 | 1:39 pm

TEVA

Teva Pharmaceutical Industries Limited (NYSE:TEVA) and Glenmark Pharmaceuticals have agreed to pay $225 million and $30 million respectively to settle charges related to price fixing of medications, including a generic cholesterol drug, pravastatin. Both companies will divest their versions of pravastatin as part of the settlement. Teva has also committed to donating $50 million worth of two generic drugs affected by price fixing to humanitarian organizations. The settlements are structured as deferred prosecution agreements, meaning that Teva and Glenmark will avoid trial or criminal punishment if they comply with the terms outlined in the agreements.

Portfolio Pulse from Vandana Singh

August 22, 2023 | 1:38 pm

NKE

Nike Inc's shares are trading lower after Dick's Sporting Goods, a major customer of Nike, lowered its guidance. This could potentially lead to lower orders from Nike, affecting its revenue and earnings. Dick's Q2 sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion. Nike has a 52-week high of $131.31 and a 52-week low of $82.22.

Portfolio Pulse from Henry Khederian

August 22, 2023 | 1:37 pm

AMC

Shares of AMC Entertainment Holdings were halted on a circuit breaker due to a sharp drop in price. The stock is currently down by 8.97%.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:36 pm

AAPL

META

MSFT

NVDA

QQQ

SPY

The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, META, and NVDA. The memo provides price levels for these assets based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests that traders should monitor these stocks closely and be prepared to leverage potential breakouts or reversals.

Portfolio Pulse from RIPS

August 22, 2023 | 1:35 pm