Streetbeat News

Stock Prices

CSCO

STNE

TSLA

WMT

WOLF

US stocks ended Wednesday in the red with the Nasdaq Composite and the S&P 500 experiencing a dip. Walmart, StoneCo, Cisco, Wolfspeed, and Tesla were the top stocks that gained the attention of retail traders and investors. Walmart is set to unveil its Q2 earnings on August 17. StoneCo reported a net revenue of BRL 3 billion, marking a 28% YoY increase. Cisco's shares soared in the post-market trading following the company’s impressive Q4 earnings report. Wolfspeed’s shares took a hit in the after-hours trading due to mixed Q4 financial results and Q1 EPS guidance below market expectations. Tesla’s shares faced a sharp decline following aggressive price cuts for its Model S and X vehicles in China.

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 2:27 am

ACHR

DNA

EXAS

NTLA

RXRX

SHOP

Ark Invest, led by Cathie Wood, has continued to buy shares of Archer Aviation Inc (ACHR), a flying taxi company, with a recent purchase valued at $16 million. This comes after Archer secured a $215 million equity investment from industry giants like Boeing Co, Stellantis N.V., and United Airlines. In contrast, Ark Invest sold Shopify Inc (SHOP) shares worth $10.08 million. Other trades included purchases of Recurson Pharmaceuticals (RXRX), Ginkgo Bioworks Holdings Inc (DNA), and Intellia Therapeutics Inc (NTLA), and selling of Exact Sciences Corp (EXAS) shares.

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 1:59 am

INTC

NVDA

TSEM

NVIDIA Corp (NVDA) is gaining a competitive edge in the semiconductor industry with its AI chips, which promise substantial energy savings and enhanced performance for data centers. The company's chips are being heavily invested in by Saudi Arabia and U.A.E. Meanwhile, Intel's (INTC) proposed acquisition of Tower Semiconductor (TSEM) is facing delays due to resistance from China's State Administration for Market Regulation. China's semiconductor production growth has also slowed, which could increase competition for NVDA.

Portfolio Pulse from Mohit Manghnani

August 16, 2023 | 11:02 pm

GOLF

MODG

SPGC

Sacks Parente Golf, Inc. (NASDAQ:SPGC) went public at $4 a share and closed Tuesday trading at around $26 a share, marking a 600% gain. However, the stock dropped more than 80% on Wednesday, closing at $4.54. The company, which makes luxury putters, has yet to turn a profit. Other golf stocks have had mixed performance in 2023, with Acushnet Holdings Corp (NYSE:GOLF) up more than 25% and Topgolf Callaway Brands Corp (NYSE:MODG) down about 16% on the year.

Portfolio Pulse from Aaron Bry

August 16, 2023 | 10:43 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) is trading lower by 5% due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. Despite the listing of Europe's first Bitcoin ETF by Jacobi Asset Management, the negative sentiment in financial markets has led to a pullback in various asset classes, including Dogecoin.

Portfolio Pulse from Henry Khederian

August 16, 2023 | 10:31 pm

RDFN

Redfin CEO Glenn Kelman has warned that high mortgage rates are slowing down the housing market, as people are not moving and therefore not listing their homes. Despite higher mortgage rates increasing monthly payments, the underlying prices of homes have not dropped significantly. This is making it difficult for companies like Redfin Corp and Zillow Group Inc to sell homes. Both companies' stocks have rallied this year, but Redfin's stock has dropped more than 40% in the last month following disappointing earnings results.

Portfolio Pulse from Aaron Bry

August 16, 2023 | 10:09 pm

CHEK

Shares of Check Cap Ltd. (CHEK) have resumed trading.

Portfolio Pulse from Charles Gross

August 16, 2023 | 9:40 pm

AIM

BCEL

BPTH

DRIO

DRTS

LIFW

MODD

NVOS

PAVM

PIRS

TCRT

VVOS

Healthcare stocks showed significant movement in Wednesday's after-market session. Gainers included Modular Medical (MODD), Atreca (BCEL), Pieris Pharmaceuticals (PIRS), DarioHealth (DRIO), PAVmed (PAVM), and AIM ImmunoTech (AIM). Losers included Vivos Therapeutics (VVOS), Alpha Tau Medical (DRTS), Bio-Path Hldgs (BPTH), Novo Integrated Sciences (NVOS), Alaunos Therapeutics (TCRT), and MSP Recovery (LIFW).

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:32 pm

AMBO

CNXA

DBGI

MULN

In Wednesday's after-market session, several consumer discretionary stocks saw significant movement. Gainers included Connexa Sports Techs (CNXA), Ambow Education Holding (AMBO), Mondee Hldgs (MOND), U Power (UCAR), Kaixin Auto Hldgs (KXIN), and Visionary Education Tech (VEDU). Losers included Digital Brands Group (DBGI), Mullen Automotive (MULN), Polished.com (POL), Lovesac (LOVE), Genius Gr (GNS), and Barnes & Noble Education (BNED).

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:32 pm

KULR

UAVS

Several industrial stocks experienced significant movement in Wednesday's after-market session. Notable gainers included AgEagle Aerial Sys, Ocean Power Techs, Hyliion Holdings, JE Cleantech Hldgs, SKYX Platforms, and Pineapple Energy. On the other hand, KULR Tech Gr, Asure Software, AERWINS Technologies, Surf Air Mobility, GD Culture Group, and FiscalNote Holdings saw declines.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:32 pm