Streetbeat News

Stock Prices

ACOR

CADL

GALT

OCGN

In Friday's intraday session, several healthcare stocks experienced significant movements. Candel Therapeutics, Galectin Therapeutics, and Ocugen were among the top gainers, with notable increases in their stock prices. Conversely, Acorda Therapeutics, Aesthetic Medical Intl, and Ontrak were among the top losers, experiencing significant declines. The movements were attributed to various factors, including quarterly earnings releases for some companies.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:39 pm

CCTG

MYSZ

SQNS

STIX

UTSI

The article reports on the intraday movement of 9 Information Technology stocks, highlighting both gainers and losers. UTStarcom Holdings, My Size, and CCSC Technology were among the gainers, with increases in their stock prices. On the losing end, Semantix, XTI Aerospace, UTime, Sequans Communications, Semilux International, and MicroCloud Hologram saw declines in their stock values. The movements reflect varying market capitalizations and recent company developments, such as quarterly earnings.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:39 pm

DOGZ

FTEL

JZXN

ZGN

In Friday's intraday session, several consumer discretionary stocks experienced significant movements. Notable gainers included Fitell, Dogness (Intl), E-Home Household Service, Sonder Holdings, Fenbo Holdings, and PlayAGS, with increases ranging from 10.02% to 16.4%. Conversely, Jiuzi Holdings, Selina Hospitality, Volcon, Ermenegildo Zegna, Allurion Technologies, and Cazoo Gr were among the losers, with declines ranging from 15.25% to 23.9%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:39 pm

MBGAF

MBGYY

RIVN

TSLA

Workers at Mercedes Benz Group AG's Alabama factory petitioned for a UAW union election, aiming to file with the NLRB. The UAW claims over 5,000 workers support joining, with a vote expected by early May. Mercedes denies violating Germany's global supply chain law. The UAW's efforts extend to other non-union automakers like Hyundai, Toyota, Tesla, and Rivian, with UAW President Shawn Fain seeking to expand union representation. President Biden supports UAW's efforts. Volkswagen workers in Tennessee also seek a UAW vote.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 4:39 pm

AAPL

AMC

AMZN

NVDA

With interest rates at their highest in over two decades, investors are increasingly turning to corporate bonds, seeking higher yields and diversification from equities. Investment-grade bonds, issued by stable companies, offer safer investment options compared to high-yield bonds from riskier firms. Companies like Nvidia, Amazon, Apple, Eli Lilly, and Walt Disney are rated as investment grade, while AMC Entertainment, Office Property Income Trust, and Navient Corporation are considered speculative grade. The article lists the top 10 investment-grade corporate bonds with the highest yields as of April 2024, including issuers like Prospect Capital, Piedmont Office Realty Trust, Td Synnex Corp, Charter Communications, Vornado Realty Trust, Ford Motor Co, Monsanto (owned by Bayer A.G.), Vici Properties, Ally Financial, and Concentrix Corp.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 4:24 pm

DAT

LIFW

ORCL

PLTR

SHLD

Palantir Technologies Inc. (NYSE:PLTR) shares are up following a partnership announcement with Oracle Corporation (NYSE:ORCL) to deliver secure cloud and AI solutions globally. The collaboration involves moving Palantir's Foundry workloads to Oracle Cloud Infrastructure, aiming to enhance data value and competitive edge. Additionally, Palantir disclosed a 6.5% stake in MSP Recovery, Inc (NASDAQ:LIFW). Investors can also gain exposure to PLTR through ProShares Big Data Refiners ETF (NYSE:DAT) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD). PLTR's stock has risen by 2.87% to $23.13.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 4:19 pm

GOOG

GOOGL

HUBS

LCG

SPRX

HubSpot Inc (HUBS) shares are trading higher due to rumors of a potential acquisition by Alphabet Inc (GOOG, GOOGL). Analysts from Piper Sandler and Canaccord Genuity have maintained positive ratings on HUBS, with price targets of $675 and $750, respectively. The potential acquisition is seen as a strategic move for Alphabet, given HubSpot's strong presence in the SaaS market and its synergy with Google Workspace. HubSpot's stock has gained 67% in the past 12 months, and exposure to HUBS can also be gained through Sterling Capital Focus Equity ETF (LCG) and Spear Alpha ETF (SPRX).

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 4:19 pm

IYG

XLF

Visa Inc. (NYSE:V) has partnered with Skipify to enhance the capabilities of Skipify's connected wallet, aiming to simplify and accelerate the payment process for consumers. This collaboration leverages Visa's digital payments expertise to deliver convenience and security at checkout. Additionally, Visa introduced Subscription Manager, a service for easier subscription tracking. Visa shares rose 1.3% to $277.77. Exposure to Visa's stock can also be gained through iShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund - Financial (NYSE:XLF).

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 4:19 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading slightly lower today, following a report by Needham analyst Chris Pierce on industry pressures. Despite EV sales growth outpacing EVSE growth, increased charger utilization hasn't spurred EVSE installations. CHPT has lost over 80% in value over the past year but has recently formed partnerships with Jumptech and AcBel Polytech to improve home charger installations and develop EV charging solutions.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 4:19 pm

BDSX

GCTS

HUBC

MDIA

STIX

ZGN

U.S. stocks traded higher with the Nasdaq Composite gaining over 200 points. The Dow and S&P 500 also saw increases. Notably, MediaCo Holding Inc. (MDIA) shares surged 207% after a significant stake acquisition by Standard General L.P. GCT Semiconductor Holding, Inc. (GCTS) and HUB Cyber Security Ltd. (HUBC) experienced substantial gains following a development MOU and financing announcement, respectively. Conversely, Semantix, Inc. (STIX), Ermenegildo Zegna N.V. (ZGN), and Biodesix, Inc. (BDSX) saw notable declines. The U.S. labor market outperformed expectations with 303,000 nonfarm payrolls added in March.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 4:19 pm