Streetbeat News

Stock Prices

DFLI

FATH

MKFG

SCX

TORO

The article lists five industrials sector stocks that are considered overbought, indicating a potential opportunity to short these companies. The stocks include Markforged Holding Corporation (MKFG), Fathom Digital Manufacturing Corporation (FATH), Dragonfly Energy Holdings Corp. (DFLI), Toro Corp. (TORO), and The L.S. Starrett Company (SCX). All these companies have a Relative Strength Index (RSI) value above 70, which typically indicates overbought conditions.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 12:27 pm

APPH

BLPH

CTCX

ELBM

XPON

Shares of several companies including Electra Battery Materials Corporation, Carmell Therapeutics Corporation, Yoshiharu Global Co., AppHarvest, Inc., Enzo Biochem, Inc., Biophytis S.A., Expion360 Inc., Agrify Corporation, FaZe Holdings Inc., and Aravive, Inc. are trading higher in pre-market. On the other hand, shares of Bellerophon Therapeutics, Inc., NeuroOne Medical Technologies Corporation, Spark Networks SE, ABVC BioPharma, Inc., ETAO International Co., Ltd., Aurora Acquisition Corp., Knightscope, Inc., Crown ElectroKinetics Corp., PaxMedica, Inc., and Lytus Technologies Holdings PTV. Ltd. are trading lower in pre-market.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 12:26 pm

SLNH

Soluna Holdings, Inc. (NASDAQ:SLNH) has made significant progress on its commercialization plan for Project Dorothy and Project Sophie, deploying more than 30 MW of equipment and bringing Project Sophie fully operational. The company is on track to achieve a milestone of 2 EH/s under management. These operational milestones have resulted in a stronger cash position for the company year over year. The revenue potential for Project Sophie is estimated at $3.21 million on an annualized basis, while Project Dorothy 1A and 1B are projected to reach $16.47 million and $17.78 million respectively.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:25 pm

Verizon Communications Inc reported Q2 FY23 results, with a sales decline of 3.5% YoY to $32.6 billion, missing the consensus of $33.3 billion. However, its adjusted EPS of $1.21 beat the consensus of $1.16. The company saw a 3.8% YoY increase in total wireless service revenue to $19.1 billion, attributed to its ownership of TracFone, premium Unlimited strategy, and pricing actions. Verizon reiterated its FY23 wireless service revenue growth outlook of 2.5% - 4.5% and its adjusted EPS outlook of $4.55 - $4.85.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 12:21 pm

FELE

Franklin Electric has reaffirmed its FY23 guidance, projecting sales between $2.15 billion and $2.25 billion, and EPS between $4.25 and $4.45. These figures are in line with the current estimates of $2.18 billion in sales and $4.37 EPS.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:20 pm

CAC

Camden National (NASDAQ:CAC) reported Q2 earnings of $0.85 per share, beating the analyst consensus estimate of $0.80 by 6.25%. However, this is a 16.67% decrease from the same period last year. The company also reported quarterly sales of $42.80 million, beating the estimate of $42.23 million by 1.35%, but this is a 10.23% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:15 pm

BTC-USD

Kristy Lynn Felkins, a Nevada woman, has been sentenced to five years in prison for hiring a hitman with $5,000 worth of Bitcoin (CRYPTO: BTC) to kill her ex-husband. The dark web platform she used turned out to be a scam. At the time of writing, BTC was trading at $29,107, down 2.39% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 12:12 pm

DOGEUSD

Speculations have arisen about Elon Musk's potential use of Dogecoin (CRYPTO: DOGE) for global payments on Twitter's rebranded platform, 'X'. Macro Guru and former Goldman Sachs executive Raoul Pal suggested that Musk might use Dogecoin as a medium for global payments to content creators on the platform. This speculation was fueled by changes in Musk's Twitter bio, which now includes an 'X' and a 'D', interpreted as references to Twitter's rebranding and Dogecoin respectively.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 12:12 pm

BXRX

Baudax Bio has received approval from Nasdaq for the continued listing of its common stock, subject to certain conditions.

Portfolio Pulse from Charles Gross

July 25, 2023 | 12:11 pm

AAPL

INTC

NVDA

TSM

Nvidia Corp's stock is trading higher following news that Taiwan Semiconductor Manufacturing Company Ltd (TSMC), a supplier to Nvidia and Apple Inc, plans to invest T$90 billion ($2.87 billion) in an advanced packaging facility in Taiwan. This move is expected to double TSMC's capacity for advanced packaging, easing the supply crisis by the end of 2024. Analysts believe Nvidia will benefit significantly from the AI boom. Additionally, the German government plans to invest €20 billion ($22.15 billion) in the semiconductor industry, with Intel Inc and TSMC planning to develop chip-making plants in the country.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 12:10 pm