Streetbeat News

Stock Prices

VKTX

Viking Therapeutics shares surged following the announcement of positive results from its Phase 1 multiple ascending dose clinical trial of VK2735, an oral tablet formulation.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:45 am

DSGN

FTCI

OCUP

Insiders at FTC Solar, Ocuphire Pharma, and Design Therapeutics have recently made significant stock purchases, signaling confidence in their companies' prospects. FTC Solar's director acquired shares following upbeat quarterly sales. Ocuphire Pharma's CFO and COO bought shares after reporting fourth-quarter sales. Design Therapeutics' directors made purchases after posting a narrower-than-expected quarterly loss.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 11:37 am

BYDDF

NIO

China has filed a WTO complaint against the U.S. over its EV tax credit program, claiming it discriminates against foreign manufacturers by requiring EVs to be assembled in North America with domestically sourced batteries. The Inflation Reduction Act's provisions are said to distort competition and disrupt the global NEV supply chain. Chinese EV maker BYD, now leading in global sales, and Nio Inc. express concerns over market access and treatment compared to U.S. companies.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 11:36 am

DJT

QQQ

SPY

TSLA

Stock futures, including Nasdaq and S&P 500, are up amid a risk-on mood, with optimism for another strong corporate reporting season and potential Fed rate cuts. Analysts predict the rally to continue up to the November Presidential election. Key economic data releases today could influence market direction. In premarket trading, SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw gains, while Tesla and Trump Media & Technology Group Corp. showed significant premarket rallies. Several companies, including McCormick & Company, GameStop, nCino, and Progress Software Corporation, are set to report quarterly results.

Portfolio Pulse from Shanthi Rexaline

March 26, 2024 | 11:33 am

AAPL

AMZN

GOOG

Jim Cramer has expressed skepticism about the antitrust lawsuits filed against Apple, Google, and Amazon by the FTC and DOJ, suggesting that the government's motives are more about controlling these companies' power than addressing legal violations. The lawsuits accuse Amazon of using monopoly power to inflate prices, Google of abusing its dominance in search and digital advertising, and Apple of maintaining a smartphone monopoly. Despite these allegations, Cramer believes these companies have not broken any laws and criticizes the government's approach. Meanwhile, major investment banks remain optimistic about Apple's prospects.

Portfolio Pulse from Rounak Jain

March 26, 2024 | 11:31 am

BTGOF

BUG

SPRX

Zscaler, Inc. (NASDAQ:ZS) has expanded its partnership with U.K.-based BT Group Plc (OTC:BTGOF) to enhance cloud security offerings through the Zscaler AI-driven Zero Trust Exchange platform. This collaboration will also provide BT Group with security solutions for its operations, aiming to improve business agility, efficiency, resilience, and security for BT's customers. Zscaler's financial outlook includes a Q3 non-GAAP income from operations forecast of $98 million to $100 million and a net income per share of 64 to 65 cents. For fiscal year 2024, the forecast is $395 million to $400 million for non-GAAP income from operations and $2.73 to $2.77 for net income per share. ZS stock has seen over a 73% increase in the past year and is trading higher by 0.50% to $195.05 in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 11:16 am

BRAG

Bragg Gaming's shares dropped following the announcement of its Q4 results, the issuance of its 2024 guidance, and the formation of a committee to evaluate strategic options.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:15 am

DOYU

DouYu Intl Hldgs shares are trading lower following the announcement of their Q4 results.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:13 am

VYGR

Voyager Therapeutics' stock price increased following Guggenheim's initiation of coverage with a Buy rating and a $22 price target.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:12 am

DIA

GLD

QQQ

SPY

U.S. stock markets closed lower, with the Dow Jones, S&P 500, and Nasdaq all recording declines. Asian markets were mixed, with gains in Japan and China but losses in Australia and India. European markets were up, with increases in the STOXX 50, DAX, and CAC. Gold hit a record high, while U.S. futures indicated a positive opening. Economic data showed a slight increase in the Chicago Fed National Activity Index and a drop in new home sales.

Portfolio Pulse from Akanksha Bakshi

March 26, 2024 | 11:11 am