Streetbeat News

Stock Prices

CRDL

HC Wainwright & Co. analyst Vernon Bernardino has reiterated a Buy rating on Cardiol Therapeutics (NASDAQ:CRDL) with a maintained price target of $9.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:00 pm

MULN

Mullen Automotive Inc (NASDAQ:MULN) shares surged after announcing a $150 million capital infusion, comprising $100 million in financing from a family office and $50 million in senior secured convertible notes. This funding is expected to support operations and Bollinger Motors B4 vehicle production for the next 13 months. Additionally, potential tariff hikes on imported Chinese electric vehicles by President Biden could indirectly benefit Mullen by protecting American industries.

Portfolio Pulse from Adam Eckert

May 14, 2024 | 2:59 pm

BTOC

Shares of Armlogi were halted on a circuit breaker shortly after the stock opened for trade, indicating a significant price movement that triggered the halt.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:59 pm

AMC

GME

BlackBerry Ltd (NYSE:BB) stock is trading higher following a meme posted by Keith Gill, known as "Roaring Kitty", suggesting his renewed market focus. BlackBerry, along with GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC), saw its stock rise, benefiting from the meme stock phenomenon. Additionally, BlackBerry was recognized with the Customers’ Choice designation in the 2024 Gartner Peer Insights for UEM, marking the second consecutive year of this achievement.

Portfolio Pulse from Dylan Berman

May 14, 2024 | 2:57 pm

AAME

Atlantic American (NASDAQ:AAME) reported a Q1 EPS of $(0.10), a 25% decrease from $(0.08) YoY. Sales increased by 1.57% to $47.00M from $46.27M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:52 pm

AMC

GME

SPY

Meme stocks like AMC and GME continue to surge, while the Producer Price Index (PPI) report came in hotter than expected. Federal Reserve Chair Jerome Powell spoke at the annual Federal Bar Association (FBA) meeting, impacting market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:49 pm

BTCUSD

ETHUSD

SOLUSD

Ethereum (ETH) has underperformed compared to Bitcoin (BTC) and Solana (SOL) over the past year, facing challenges from competition, regulatory scrutiny, and market dynamics. Despite this, positive developments such as potential for an Ethereum ETF, tokenization narratives, and L2 growth offer hope for its future. Bitcoin's acceptance in traditional finance and Solana's meme coin popularity highlight their strengths, while Ethereum must navigate SEC investigations and seek new demand sources to regain momentum.

Portfolio Pulse from Khyathi Dalal

May 14, 2024 | 2:47 pm

EQR

UBS analyst Brent Dilts maintains a Buy rating on Equity Residential (EQR) and raises the price target from $73 to $75.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:46 pm

DNA

Ginkgo Bioworks Holdings' shares surged following a continued listing standard notice from the NYSE and potential influence from 'Roaring Kitty's' return to social media, which may have boosted high-short interest stocks.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:44 pm

AAPL

CMCSA

NFLX

PKW

VOX

Comcast Corp announced the introduction of StreamSaver, a discounted streaming bundle including Apple TV+, Netflix, and Peacock, aimed at reducing subscriber churn. Available to video and broadband customers, this move comes as Comcast seeks to counteract the loss of pay-TV subscribers. The company reported a 1.2% revenue growth Y/Y in Q1, with Peacock subscribers increasing by 55%. Despite this, Comcast's stock has seen a slight decline over the past year. Investors can also gain exposure through Invesco BuyBack Achievers ETF and Vanguard Communication Services ETF.

Portfolio Pulse from Anusuya Lahiri

May 14, 2024 | 2:43 pm