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Stock Prices

ZK

Zeekr Intelligent Tech has set the IPO price for its 21 million ADS at $21 each, with trading on the NYSE under the symbol 'ZK' starting May 10, 2024. The offering could raise up to $507.2 million if the underwriters exercise their over-allotment option fully.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 9:20 am

BTCUSD

Jack Dorsey, former CEO of Twitter (now X), predicts Bitcoin (BTC) will reach at least $1 million by 2030, highlighting the asset's growing ecosystem and decentralized nature. The prediction comes amid a 50% increase in Bitcoin's price since the year began, partly due to the introduction of Bitcoin spot ETFs, leading to significant institutional investment. Ark Invest, which operates a Bitcoin spot ETF, has seen $2 billion in net inflows, despite CEO Cathie Wood's more ambitious $3.8 million Bitcoin price prediction for 2030.

Portfolio Pulse from Aniket Verma

May 10, 2024 | 9:15 am

TSM

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a significant increase in revenue for the January-April period, with a 26% rise year-over-year to NT$828.67 billion. For April alone, revenue surged 60% year-over-year and 21% month-over-month to NT$236.02 billion.

Portfolio Pulse from Charles Gross

May 10, 2024 | 9:14 am

COIN

HOOD

Veteran trader Peter Brandt predicts a severe regulatory crackdown on crypto staking, describing it as a "bloodbath." Concerns arise from potential actions by the SEC, OCC, and U.S. Treasury. Legal challenges and regulatory scrutiny have already impacted companies like Coinbase and platforms trading Bitcoin and Ethereum, with Coinbase facing a court ruling against its staking program and Robinhood experiencing increased crypto trading volume amidst regulatory notices.

Portfolio Pulse from Benzinga Neuro

May 10, 2024 | 8:46 am

BTCUSD

Bitcoin miners experienced the largest negative difficulty adjustment since November 2022, making it easier to mine after the recent halving. This adjustment, a response to a 10% decline in hash rate, could provide temporary relief for miners by reducing costs. However, the halving has significantly impacted miners' revenue, causing some to exit the market. Despite these challenges, some industry leaders see this as an opportunity for growth and technological advancement in the mining sector. Bitcoin's price was up 2.81% to $62919.46.

Portfolio Pulse from Aniket Verma

May 10, 2024 | 8:19 am

ROAD

Construction Partners, Inc. (NASDAQ:ROAD) is set to release its Q2 earnings before the market opens on May 10, with analysts predicting a loss of 4 cents per share and revenue of $366.05 million. The company recently acquired Sunbelt Asphalt Surfaces, Inc. Shares of ROAD rose 2.1% to close at $53.81. Analysts from Stifel, Baird, and Raymond James have provided updates on their ratings and price targets for ROAD.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 7:21 am

NVAX

Novavax reported Q1 2024 GAAP EPS of $(1.05), surpassing the $(1.06) estimate, marking a 69.21% improvement from last year. However, its sales of $93.855M fell short of the $101.160M estimate, despite a 15.94% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:12 am

AGTI

DOCN

DigitalOcean Holdings, Inc. (DOCN) is anticipated to report an increase in Q1 earnings with a forecast of 38 cents per share, up from 28 cents the previous year, and revenue of $182.58 million, up from $165.13 million. The company recently joined the S&P SmallCap 600, replacing Agiliti Inc. (AGTI). Despite this, DOCN shares dropped 3.2% recently. Analysts from JMP Securities, Piper Sandler, Oppenheimer, Barclays, and Canaccord Genuity have provided various ratings and price targets for DOCN.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 7:10 am

ARRY

DNOW

ENB

FNKO

HE

Stocks to watch include DNOW, ARRY, ENB, FNKO, and HE, with DNOW and ARRY reporting earnings, ENB and HE expected to report, and FNKO announcing strong earnings and a new CEO. Futures trading higher indicates a positive market outlook.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 7:01 am

ABNB

DNOW

ENB

HE

RBLX

The Dow Jones surged over 300 points as investor sentiment improved, though the CNN Money Fear and Greed index remained in the 'Fear' zone. Roblox Corp reported strong Q1 results but weak guidance, while Airbnb's shares fell 7% after its earnings report. U.S. jobless claims rose unexpectedly. Most S&P 500 sectors gained, except for information technology. The market awaits earnings from Hawaiian Electric, Enbridge, and DNOW.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 7:01 am