Streetbeat News

Stock Prices

CAAS

China Automotive (CAAS) shares surged following the company's announcement of its FY24 revenue guidance, which exceeded consensus estimates. This positive outlook indicates strong future performance and potential growth, attracting investor interest.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 11:21 am

ALLY

DFS

NUMV

RDIV

Ally Financial Inc has announced Michael G. Rhodes as its new CEO, effective April 29, 2024. Rhodes, previously CEO at Discover Financial Services, replaces Jeffrey J. Brown. Discover Financial has appointed J. Michael Shepherd as Interim CEO following Rhodes' departure. Investors can gain exposure to ALLY through ETFs like RDIV and NUMV. ALLY shares saw a slight decrease in premarket trading.

Portfolio Pulse from Lekha Gupta

March 28, 2024 | 11:21 am

DOOO

BRP's stock price declined following the announcement of their Q4 earnings per share (EPS) and revenues, which fell short of analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 11:20 am

VERU

Veru shares are trading higher following Raymond James' initiation of coverage on the stock with an Outperform rating and a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 11:18 am

MRK

On Wednesday, U.S. stock markets closed higher, with the Dow and S&P 500 seeing significant gains, partly led by Merck (NYSE:MRK) ahead of inflation data and Fed insights. U.S. mortgage applications slightly fell, while crude oil stocks unexpectedly rose. All major S&P sectors gained, with utilities and real estate leading. Global markets showed mixed results, with Japan's Nikkei falling but markets in Australia, India, China, and Europe rising. Commodities saw gold exceeding $2,220, while crude oil and natural gas prices varied.

Portfolio Pulse from Akanksha Bakshi

March 28, 2024 | 11:16 am

WB

Weibo's stock is trading lower following a downgrade by Goldman Sachs from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 11:15 am

CIA

DERM

RVP

Insiders at Retractable Technologies, Citizens, and Journey Medical have recently made significant stock purchases. These transactions indicate insider confidence in these companies, despite Retractable Technologies reporting a loss for the first nine months of 2023. Citizens recently appointed a new President, and Journey Medical reported a profit for the fourth quarter.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 11:14 am

ATLX

Atlas Lithium's stock price increased following the announcement of a $30 million investment and offtake agreement with Mitsui & Co.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 11:14 am

MU

NVDA

TSM

Piper Sandler, anticipating a 5% to 10% correction in the S&P 500 due to inflated valuations and decelerating momentum, has removed Nvidia Corp. (NASDAQ:NVDA) from its model portfolio. The investment bank cited concerns over Nvidia's escalating costs despite its strong position in the AI sector. Instead, Piper Sandler has added Micron Technology Inc. (NASDAQ:MU) and Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) to its portfolio, reducing equity exposure from 98% to 90% and allocating 10% to cash.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 11:14 am

ATAI

ATAI Life Sciences (NASDAQ:ATAI) reported Q4 earnings with EPS of $(0.12), beating the $(0.16) estimate, but missed sales estimates with $18.00K versus the expected $190.00K. This represents a 57.14% increase in EPS and a 52.63% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 11:14 am