Streetbeat News

Stock Prices

HIVE

Hive Digital Technologies Ltd (NASDAQ:HIVE) has reported a significant earnings beat, with quarterly earnings of 3 cents per share, surpassing analyst expectations. Sales also exceeded estimates, reaching $32.20 million. The stock has triggered a Golden Cross, indicating potential upward momentum, although caution is advised due to possible volatility.

Portfolio Pulse from Surbhi Jain

August 28, 2024 | 1:36 pm

VRAX

Virax Biolabs shares have been halted due to a significant upward movement, with the stock price increasing by 43.35%.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:35 pm

IMMX

Immix Biopharma is expanding its U.S. clinical trial sites for NEXICART-2, a treatment for relapsed/refractory AL Amyloidosis. New sites include Cleveland Clinic, UC Davis, and Sutter Health, with MSKCC as the lead site. Ex-U.S. data shows a 92% response rate.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:33 pm

SNOA

Sonoma Pharmaceuticals (SNOA) shares dropped by 11.9% following the announcement of a 1-for-20 reverse stock split to meet Nasdaq's $1.00 minimum bid price requirement. The split will reduce outstanding shares from 20 million to 1 million and increase authorized shares from 24 million to 50 million.

Portfolio Pulse from Henry Khederian

August 28, 2024 | 1:32 pm

MARA

MSTR

NVDA

TSLA

The article covers a range of topics including a surge in Bitcoin millionaires, challenges faced by major crypto companies like Binance, and the impact of the crypto market downturn on companies like Tesla, MicroStrategy, and Marathon. It also discusses the flatlining of Nasdaq and S&P 500 futures ahead of Nvidia's earnings report, and the doubling of public EV chargers since Biden took office.

Portfolio Pulse from Akanksha Bakshi

August 28, 2024 | 1:29 pm

PDCO

Patterson Companies Inc. (NASDAQ:PDCO) reported a 2.2% decline in Q1 2025 net sales, missing Wall Street expectations. The shortfall was attributed to a cyberattack on Change Healthcare and timing of corporate expenses. Adjusted EPS also missed consensus, leading to a 9.11% drop in premarket stock price.

Portfolio Pulse from Vandana Singh

August 28, 2024 | 1:28 pm

ANF

PEZ

ULTY

Abercrombie & Fitch Co (NYSE:ANF) reported strong Q2 earnings with sales and EPS beating estimates. Despite positive results, ANF shares fell 10% premarket. The company raised its FY24 sales growth outlook and operating margin forecast. Investors can access ANF via ETFs like ULTI and PEZ.

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 1:23 pm

ANF

Abercrombie & Fitch has issued a correction to its outlook, now expecting Q3 net sales growth in the low double-digits from $1.06 billion in Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:21 pm

ARKB

ETHE

ETHW

FETH

GBTC

Bitcoin spot ETFs saw a significant outflow of $127.05 million, while Ethereum ETFs had a smaller outflow of $3.4452 million. Grayscale's GBTC and ARKB experienced notable outflows, while Fidelity's FETH and Bitwise's ETHW saw inflows. Bitcoin dropped 4% below $60,000, and Ethereum fell 3.5% to $2,520. Despite short-term volatility, there is a bullish outlook due to anticipated Federal Reserve rate cuts.

Portfolio Pulse from Murtuza Merchant

August 28, 2024 | 1:20 pm

REZ

Mortgage rates in the U.S. have hit a 17-month low, with the average rate for 30-year fixed mortgages dropping to 6.44%. Despite this, homebuyers remain cautious, and mortgage applications have only slightly increased. The iShares Residential and Multisector Real Estate ETF (REZ) has benefited from the rate decline, reaching a two-year high with strong investor inflows.

Portfolio Pulse from Piero Cingari

August 28, 2024 | 1:19 pm