Streetbeat News

Stock Prices

TSLA

Tesla shares are trading higher following reports of a partnership with Baidu to enhance mapping and navigation for its Full Self-Driving technology in China. This collaboration aims to improve Tesla's autonomous driving capabilities in the Chinese market.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:42 am

BRN

ETST

IZEA

Insiders at Barnwell Industries, IZEA Worldwide, and Earth Science Tech have recently made significant stock purchases. These transactions indicate insider confidence in these companies, despite varied recent news such as Barnwell's CEO succession, IZEA's disappointing quarterly results, and Earth Science Tech's stock repurchase program.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 10:41 am

DQ

Daqo New Energy reported a decrease in polysilicon average selling prices to $7.66/kg in Q1 FY24 from $7.97/kg in Q4 FY23, indicating a potential pressure on revenue.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:37 am

PHG

Philips' stock is up following a $1.1B settlement for Respironics litigation, alongside reporting better than expected Q1 earnings and reaffirming its financial guidance.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:36 am

GOOGL

U.S. stock markets closed higher, driven by strong tech earnings and mild inflation data. Alphabet announced its first dividend and a $70 billion buyback, boosting its shares by 10% and its valuation above $2 trillion. The PCE price index rose to 2.7% in March. Asian markets also saw gains, while European markets were mixed. Commodities and U.S. futures indicated varied movements, with the yen surging against the dollar due to potential Japanese intervention.

Portfolio Pulse from Akanksha Bakshi

April 29, 2024 | 10:35 am

DQ

Daqo New Energy (NYSE:DQ) reported Q1 adjusted earnings per share (EPS) of $0.55, missing the consensus estimate of $0.56, a 1.79% miss. Quarterly sales were $415.31 million, falling short of the $491.90 million estimate by 15.57%. Year-over-year, earnings decreased by 86.01% from $3.93 per share, and sales dropped by 41.49% from $709.83 million.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:34 am

XFOR

X4 Pharmaceuticals' stock is trading higher following the FDA's approval of Xolremdi (mavorixafor) for the treatment of WHIM syndrome.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:34 am

TSLA

Elon Musk's recent visit to China for Tesla's FSD push coincides with China's increasing focus on hydrogen-powered vehicles as an alternative for green energy transition. The Chinese government is rolling out incentives for hydrogen vehicles, with Sichuan province leading initiatives like toll exemptions and subsidies for hydrogen refueling stations. Meanwhile, China's EV sector faces overcapacity, with production outpacing sales. Despite Musk's skepticism towards hydrogen energy, China is advancing its hydrogen infrastructure, positioning itself as a leader in clean energy. Tesla is also partnering with Baidu to introduce driver assistance features in China.

Portfolio Pulse from Pooja Rajkumari

April 29, 2024 | 10:32 am

FULT

Fulton Financial Corporation (FULT) has initiated an underwritten public offering of its common stock, with Piper Sandler and BofA Securities as joint book-running managers. The offering includes a 30-day option for underwriters to purchase additional shares. Proceeds will be used for general corporate purposes and to support business strategy following the acquisition of Republic First Bank assets and liabilities.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:28 am

APO

BX

Blackstone Inc (NYSE:BX) has won the bid to acquire Hipgnosis Songs Fund for $1.57 billion, outbidding Apollo Global Management (NYSE:APO) and expanding its music rights portfolio. The deal, facilitated through Lyra Bidco Limited, a company owned by Blackstone's advised funds, values Hipgnosis at $1.30 per share, higher than Concord's $1.25 offer. This acquisition adds over 65,000 songs from artists like Shakira and Neil Young to Blackstone's collection, further establishing its position in the music rights industry.

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 10:27 am