Streetbeat News

Stock Prices

RLMD

Relmada Therapeutics shares surged after Jefferies upgraded the stock from Hold to Buy and increased its price target from $3.5 to $13.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:51 pm

AQWA

FERG

PHO

Ferguson reported mixed Q4 results with net sales slightly below expectations but adjusted EPS exceeding consensus. The company anticipates a challenging near-term market environment but expects modest growth in FY25. Ferguson shares rose slightly post-announcement.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 12:48 pm

AMZN

INTC

TRFK

TSM

WISE

Intel Corp (NASDAQ:INTC) stock rose after CEO Pat Gelsinger announced a restructuring plan, including a multi-billion-dollar chipmaking deal with Amazon and a U.S. semiconductor grant. Intel plans to convert its foundry business into an independent unit and explore a spinoff. The company also secured $3 billion in funding under the CHIPS Act and will produce AI chips for Amazon. Intel's stock has dropped 45% in the past year due to challenges in capitalizing on AI trends.

Portfolio Pulse from Anusuya Lahiri

September 17, 2024 | 12:47 pm

META

NVDA

QQQ

The article discusses potential scenarios for the Nasdaq 100 and QQQ over the next six to eight weeks, considering macroeconomic factors and market signals. It outlines four scenarios ranging from very bullish to super bearish, with varying probabilities assigned to each. The performance of key stocks like Nvidia (NVDA) and Meta Platforms (META) is highlighted as influential in these scenarios.

Portfolio Pulse from David Keller

September 17, 2024 | 12:45 pm

TURB

Turbo Energy's CEO, Mariano Soria, provided an operational update highlighting the company's expansion strategies and global growth objectives. As Turbo Energy approaches its one-year IPO anniversary, it remains focused on delivering AI-optimized solar energy storage solutions despite global challenges.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:41 pm

RBLX

TZOO

As of September 17, 2024, Travelzoo (TZOO) and Roblox Corp (RBLX) are identified as overbought stocks in the communication services sector, with RSI values above 70. Travelzoo's stock has gained 16% over the past month, while Roblox has gained 13%.

Portfolio Pulse from Avi Kapoor

September 17, 2024 | 12:40 pm

PGY

Pagaya Technologies LTD. (NASDAQ:PGY) has appointed Josh Fagen as Head of Investor Relations and COO of Finance. Fagen, with over 25 years of experience, will focus on enhancing investor relations and driving strategic financial initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:39 pm

BOOM

Steel Connect has proposed to acquire DMC Global for $16.50 per share, a 51% premium over its current share price. Steel owns 9.8% of DMC and is open to acquiring DMC's DynaEnergetics and NobelClad businesses.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:38 pm

FTEL

GH

MUFG

SEDG

SGH

SKYH

TIL

VSAT

Sky Harbour Group and several other stocks, including SolarEdge Technologies and Viasat, are experiencing declines in pre-market trading. Sky Harbour's drop follows a securities purchase agreement announcement, while other stocks like SolarEdge and Viasat are seeing declines after previous gains.

Portfolio Pulse from Avi Kapoor

September 17, 2024 | 12:37 pm

VVPR

VivoPower shares rise following the announcement of a merger agreement with Future Automotive Solutions and Technologies.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:37 pm