Streetbeat News

Stock Prices

CFLT

CHWY

INDI

ONON

SMCI

Jim Cramer shared his views on several companies on CNBC's 'Mad Money Lightning Round.' He expressed skepticism about Indie Semiconductor's focus on the auto sector, praised On Holding AG, advised caution on Confluent due to financial issues, believed Chewy is bottoming, and found Super Micro Computer too hot after its stock surged following S&P 500 inclusion news. Indie Semiconductor and Confluent reported their financial results, with Indie showing weaker sales and Confluent exceeding expectations. On Holding and Chewy are set to report their financial results soon.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:21 pm

JPM

JP Morgan Chase & Co. (NYSE:JPM) partners with France's Cartes Bancaires CB to expand its European payment network, challenging Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA). The partnership, granting merchant clients access to the French payment network by end of 2024, positions JP Morgan as the first U.S. bank to be a principal member of Cartes Bancaires CB. This move is expected to enhance JP Morgan's competitive stance in Europe, particularly France, where it processes over $1 trillion of payments daily and supports over 1,500 European clients. Additionally, JP Morgan's AI-powered cashflow management tool, Cash Flow Intelligence, has seen success, reducing manual labor for corporate customers by up to 90%.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 1:20 pm

FSR

Fisker Inc. (NYSE:FSR) has seen a 9.15% decrease in short interest, now standing at 25.82% of its float with 102.98 million shares sold short. This represents a significant amount of bearish sentiment, although it has decreased since the last report. The current short interest suggests it would take approximately 2.88 days for traders to cover their short positions. Comparatively, Fisker's short interest is significantly higher than its peer group average of 9.23%, indicating more bearish sentiment towards Fisker than its peers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:15 pm

TER

Teradyne's (NYSE:TER) short interest has decreased by 5.46% since the last report, with 4.42 million shares sold short, representing 3.29% of its float. This decline in short interest, compared to the peer group average of 6.71%, indicates a more bullish sentiment towards TER. Short interest is a key indicator of market sentiment, and a decrease suggests investors are less bearish on the stock.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:15 pm

DGX

Quest Diagnostics (NYSE:DGX) has seen a decrease in short interest, now at 2.97 million shares or 3.53% of float, down 13.05% since the last report. This indicates a bullish sentiment as it takes 2.37 days on average to cover short positions. Compared to its peers, DGX has a lower short interest percentage, with the average being 10.07%, suggesting a relatively positive market sentiment towards DGX.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:15 pm

IBGR

DRYWORLD Brands Inc. (OTC:IBGR) reported a 1,700% sales growth in Q1 2024 compared to Q1 2023, with e-commerce revenue increasing by over 227% year-over-year, attributed to its Ambassador Program. The company has launched 377 products in the last two years, reaching nearly 1,000 customers across 53 countries. DRYWORLD plans to up-list to the OTCQB, expand operations, and has aligned with top athletes and teams for growth. Despite a 14.89% drop in share price to $0.008, the company aims for long-term shareholder value.

Portfolio Pulse from Akanksha Bakshi

March 05, 2024 | 1:14 pm

BARK

FWRG

SFIX

TDUP

ZCMD

In Tuesday's pre-market session, several consumer discretionary stocks showed significant movement. Notably, Yunji, ZHONGCHAO, BARK, First Watch Restaurant Group, SRIVARU Holding, and Nerdy experienced gains, with First Watch Restaurant Group's Q4 earnings release contributing to its rise. Conversely, Stitch Fix, ThredUp, Jumia Technologies, Amer Sports, SharpLink Gaming, and Gaotu Techedu saw declines, with Stitch Fix and ThredUp's drops attributed to their recent Q2 and Q4 earnings releases, respectively.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:10 pm

BIMI

CASI

LIPO

QNRX

RGNX

SBFM

In Tuesday's pre-market session, health care stocks showed significant movement. Sunshine Biopharma, CASI Pharmaceuticals, and Regenxbio were among the top gainers, with increases of 55.9%, 47.68%, and 37.17% respectively. On the downside, Lipella Pharmaceuticals, BIMI Intl Medical, and Quoin Pharmaceuticals led the losers, with declines of 32.0%, 31.16%, and 30.01% respectively. The movements reflect varying market capitalizations and recent earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:09 pm

AVAV

BGLC

BWEN

VVX

In Tuesday's pre-market session, several industrials stocks showed notable movements. AeroVironment (AVAV) led the gainers with an 18.0% increase following its Q3 earnings report, while BioNexus Gene Lab (BGLC) led the losers, dropping 12.1%. Other notable movements included Momentus (MNTS), WANG & LEE Group (WLGS), and Energy Focus (EFOI) among the gainers, and FGI Industries (FGI), MingZhu Logistics Hldgs (YGMZ), and Sidus Space (SIDU) among the losers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:09 pm

DSP

GTLB

PHUN

In Tuesday's pre-market session, several Information Technology stocks showed significant movement. Notably, Phunware, Viant Technology, BigBear.ai Holdings, Casa Systems, Cipher Mining, and Dave reported gains, with Phunware leading at a 20.0% increase. Conversely, GitLab, SEMrush Holdings, Presto Automation, SmartRent, Wetouch Technology, and Argo Blockchain experienced declines, with GitLab seeing the largest drop of 20.8%. The movements were largely attributed to the release of Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:09 pm