Streetbeat News

Stock Prices

AMN

CLS

NVDA

SRTS

Friday's market action saw a significant downturn, affecting both momentum and value stocks. Stocks with high valuation ratings, such as Sensus Healthcare, Celestica, and AMN Healthcare, experienced double-digit drops. The concept of 'margin of safety' was challenged, as even stocks perceived as undervalued suffered losses. Nvidia was highlighted with hedging strategies to mitigate potential losses.

Portfolio Pulse from David Pinsen

September 09, 2024 | 1:27 pm

KEN

Kenon has increased its share repurchase plan by $10 million, bringing the total to $60 million. The company has repurchased 1.1 million shares for $28 million and plans further repurchases of up to $30 million through March 2025.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:27 pm

FANH

WDH

Waterdrop Inc. (NYSE:WDH) reported a slight revenue decline in Q2 but a significant profit increase due to cost control. The company reaffirmed its annual growth forecast and announced a special dividend. Challenges include regulatory changes affecting insurance brokers and a decline in revenue from its clinical trial business. Waterdrop's shares rose 5.7% following the announcement.

Portfolio Pulse from The Bamboo Works

September 09, 2024 | 1:25 pm

TERN

Terns Pharmaceuticals announced positive Phase 1 trial results for its oral GLP-1 drug, TERN-601, showing significant weight loss in participants. The drug was well tolerated and demonstrated promising potential for treating obesity. TERN stock rose 14.6% in premarket trading.

Portfolio Pulse from Vandana Singh

September 09, 2024 | 1:24 pm

AAPL

NVDA

PLTR

QQQ

TSLA

The article lists the top 10 trending stocks on WallStreetBets as of September 9, 2024, according to Swaggy Stocks. The stocks mentioned include NVDA, AAPL, TSLA, PLTR, and QQQ among others.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:17 pm

CNTM

RVP

STIM

Insider buying activity was noted in three penny stocks: Neuronetics, ConnectM Technology Solutions, and Retractable Technologies. Despite recent financial challenges, executives are purchasing shares, indicating potential confidence in their companies' futures.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 1:13 pm

IMVT

TERN

Terns Pharmaceuticals and Immunovant are two health care stocks that may face short-term declines due to being overbought, as indicated by their high RSI values. Both companies have recently reported positive trial results, leading to significant stock gains.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 1:12 pm

BTCUSD

Julian Bittel, Head of Macro Research at Global Macro Investor, highlights a similarity between Bitcoin's current price structure and its 2019 behavior, suggesting a potential major market move. The coming week is crucial as Bitcoin's price consolidation mirrors 2019's duration, possibly indicating substantial upside momentum.

Portfolio Pulse from Khyathi Dalal

September 09, 2024 | 1:09 pm

ARM

Arm Holdings shares are rising following the announcement that its next-generation AI chip technology will be included in the upcoming iPhone 16.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:08 pm

GMF

TINY

TSM

Taiwan Semiconductor Manufacturing Co (TSM) has achieved production yields at its Arizona plant comparable to its Taiwan facilities, boosting its stock. Despite a recent 9.54% decline, TSM has risen over 75% in the past year. Analysts generally rate it as 'Outperform'.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 1:07 pm