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Stock Prices

GLD

SPY

U.S. markets closed higher, influenced by economic data and Federal Reserve Chair Jerome Powell's comments, hinting at a potential interest rate cut. Asian and European markets showed mixed results, with gold reaching a new high due to lower U.S. interest rate expectations. Economic indicators included U.S. job growth and trade surplus figures, alongside commodity and forex market movements.

Portfolio Pulse from Akanksha Bakshi

March 07, 2024 | 12:29 pm

NVEI

Nuvei Corporation (NASDAQ:NVEI) reported Q4 earnings surpassing estimates with adjusted earnings of 47 cents per share and sales of $321.52 million. Total volume increased by 53%, while adjusted EBITDA margin decreased. The company forecasts Q1 revenue between $322 million and $330 million, and 2024 revenue between $1.34 billion and $1.38 billion. Following the report, Nuvei's shares dropped by 9.8%. Analysts from RBC Capital, Wells Fargo, and Canaccord Genuity adjusted their price targets on Nuvei.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 12:28 pm

LYT

Lytus Technologies Holdings (NASDAQ:LYT) shares surged 213% in premarket trading after announcing the launch of Lytus Cloud, a suite of cloud infrastructure services aimed at entering the $326 billion data center market. The services are designed to meet the demands of enterprise computing, offering public and private clouds, managed private clouds, BOT Data Centers, co-location, cloud consulting, and VPS and hosting services. CEO Dharmesh Pandya highlighted the platform's potential to drive growth and revenue globally, with a focus on U.S. clients and expansion into key international markets.

Portfolio Pulse from Lekha Gupta

March 07, 2024 | 12:25 pm

ADT

ADT Inc. announced the pricing of a secondary public offering of 65 million common shares at $6.50 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:25 pm

MU

Micron Technology's stock (MU) is trading higher following an upgrade from Stifel, moving from Hold to Buy, with a new price target set at $120, up from $80.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:21 pm

VITL

Vital Farms (NASDAQ:VITL) reported Q4 earnings of $0.17 per share, surpassing the $0.09 estimate, marking an 88.89% beat and a 325% increase from last year. Sales reached $135.81M, exceeding the $131.84M estimate by 3.01% and showing a 23.37% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:21 pm

IART

IRWD

PACB

The article highlights the top 3 oversold health care stocks with potential for significant gains in March, based on their low RSI values. Pacific Biosciences of California, Ironwood Pharmaceuticals, and Integra LifeSciences are identified as undervalued, presenting a buying opportunity. Recent financial results and stock performance are discussed for each company.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 12:18 pm

BITF

Bitfarms (NASDAQ:BITF) reported Q4 sales of $46.24M, surpassing the analyst consensus estimate of $43.08M by 7.34% and marking a 71.02% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:17 pm

SUP

Superior Industries Intl's shares dropped following the announcement of their Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:15 pm

BIG

Big Lots reported mixed Q4 results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:15 pm