Streetbeat News

Stock Prices

GTLB

NVDA

QQQ

SPY

US stock futures are down, with the VIX spiking 10% and Bitcoin sliding. Nvidia is down over 1% in premarket trading. Analysts suggest focusing on defensive stocks amid mixed economic data. GitLab surged 17% on earnings, while PagerDuty and Zscaler fell over 14%.

Portfolio Pulse from Shanthi Rexaline

September 04, 2024 | 11:01 am

CIEN

Ciena Corporation reported its Q3 2024 financial results, with adjusted EPS of $0.35, surpassing the estimate of $0.26. The company's sales reached $942.308 million, exceeding the expected $927.210 million.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:01 am

JILL

J.Jill reported Q2 2024 earnings per share of $1.05, surpassing the analyst estimate of $0.91, despite a year-over-year decrease. Sales also exceeded expectations at $155.242 million, though they were slightly down from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:47 am

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) shares surged premarket after announcing a $210 million acquisition of Datavault's intellectual property and IT assets. The deal involves $200 million in restricted stock and a $10 million promissory note. The acquisition aims to enhance WiSA's offerings in Web 3.0 and blockchain data monetization. The transaction is expected to close by December 31, 2024, pending approvals.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 10:45 am

RIVN

TSLA

Former Tesla executive Rohan Patel predicts a decade of upheaval in the auto industry, emphasizing the need for efficiency and innovation over protectionist measures. Tesla CEO Elon Musk questions Rivian's financial reliance on Volkswagen amidst the latter's potential factory closures in Germany due to competitive pressures.

Portfolio Pulse from Anan Ashraf

September 04, 2024 | 10:41 am

ATHA

ATRA

CNFR

GTLB

WISA

GitLab shares surged 17% in pre-market trading after reporting better-than-expected Q2 earnings and issuing strong FY25 guidance. Other notable pre-market movers include WiSA Technologies, Conifer Holdings, and Atara Biotherapeutics among gainers, while Athira Pharma and Zscaler saw significant declines.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 10:39 am

DLTR

Dollar Tree shares declined following the release of disappointing Q2 financial results and a reduced FY24 outlook.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:38 am

KARS

NIO

PGJ

NIO Inc. shares are trading higher in the premarket session, driven by the company's expansion of battery swap stations in China. NIO added 40 new stations in August, with 35 being the latest fourth-generation models. The company aims to expand its network to cover over 2,300 counties by the end of 2025. Investors can gain exposure to NIO through ETFs like KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and Invesco Golden Dragon China ETF (PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 10:32 am

WDH

Waterdrop has announced a plan to repurchase its own ordinary shares in the form of ADSs, with a total value of up to $50 million, over a 12-month period ending on September 9, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:28 am

WDH

Waterdrop (NYSE:WDH) reported Q2 2024 earnings per share of $0.04, surpassing the analyst estimate of $0.03. However, its sales of $93.04 million fell short of the expected $102.59 million, marking a slight decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:25 am