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HOOD

SOLUSD

Robinhood (NASDAQ:HOOD) has added Dogwifhat (CRYPTO: WIF) to its trading platform, resulting in a 28% increase in WIF's value and reaching a $1B market cap. The listing on Robinhood Europe and the potential for future listings on other major exchanges like Coinbase highlight the growing acceptance of meme coins in the cryptocurrency market. WIF, launched on Solana (CRYPTO: SOL) in December 2023, has seen substantial growth, with expectations of continued interest from retail traders.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 1:39 pm

AMWD

STRL

TPC

Three industrial stocks, American Woodmark Corporation (AMWD), Tutor Perini Corporation (TPC), and Sterling Infrastructure, Inc. (STRL), are considered overbought as of March 1, 2024, based on their RSI values. AMWD reported strong Q3 earnings but saw a slight stock decline, TPC showed revenue growth and a significant stock increase, and STRL reported record earnings with a modest stock gain.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:37 pm

NSC

Ancora Holdings Group, LLC and its affiliates (the Investor Group), holding a significant stake in Norfolk Southern Corporation (NYSE:NSC), issued an open letter criticizing the company's leadership and proposing changes. They highlighted CEO Alan Shaw's 37% pay raise despite poor performance, including the East Palestine derailment. The Investor Group nominated eight candidates for the board and proposed a new management team, urging a focus on safety, growth, and value creation. They criticized the current board's actions as serving CEO interests over shareholders and called for a fact-based election contest.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:37 pm

BIVI

FSR

NYCB

Fisker (FSR) shares plummeted by 41% due to disappointing Q4 results and doubts about its ongoing viability. New York Community Bancorp (NYCB) fell 31% after revealing material weaknesses in its internal controls. Conversely, BioVie (BIVI) surged 236% on promising data for its NE3107 treatment for Parkinson's and Alzheimer's, to be presented at a 2024 conference.

Portfolio Pulse from ryanfaloona@benzinga.com

March 01, 2024 | 1:36 pm

EGLE

Eagle Bulk Shipping (NYSE:EGLE) reported Q4 earnings of $1.13 per share, surpassing the $0.71 estimate, and sales of $104.59M, exceeding the $92.51M estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:36 pm

NRXP

NRx Pharmaceuticals has entered into a definitive purchase agreement with an existing investor for the sale of 2.7 million shares at $0.38 per share, raising approximately $1.0 million. This represents a 26.7% premium over the recent share offering. The deal also includes a 5-year warrant with a $0.40 per share strike price. The funds will support the company's development pipeline, including projects on Suicidal Depression, Suicidal Bipolar Depression, and Chronic Pain, in addition to general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:33 pm

NTAP

NetApp, Inc. (NASDAQ:NTAP) shares surged by approximately 17% in pre-market trading following the announcement of better-than-expected third-quarter financial results and positive guidance. The company reported adjusted earnings of $1.94 per share, surpassing the market estimates of $1.69 per share, with quarterly sales of $1.610 billion against expectations of $1.591 billion. Other stocks also showed significant movement in pre-market trading, with notable gainers including Nxu, Inc., Minim, Inc., and Dell Technologies Inc., among others. Conversely, several companies experienced declines, such as GigCapital5, Inc., Fisker Inc., and Sidus Space, Inc.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:31 pm

GDRX

GoodRx Holdings, Inc. (NASDAQ:GDRX) reported higher than expected Q4 FY23 results, with a 7% Y/Y increase in revenue to $196.6 million and adjusted EBITDA rising to $57.3 million. The company also announced a new $450 million stock repurchase program and provided FY24 revenue guidance above consensus. Following the earnings report, analysts from Barclays, JP Morgan, and TD Cowen raised their price targets on GoodRx shares, which surged 20.4% to close at $7.79.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:23 pm

WYNN

Wynn Resorts, Ltd (NASDAQ:WYNN) stock experienced a Golden Cross, indicating a bullish run, with a 15.5% increase year-to-date. This uptrend is supported by a recovery in the gaming market, strong performance in Las Vegas and Macau properties, favorable macroeconomic conditions, and positive consumer spending trends. Analyst consensus rates WYNN as a Buy, with price targets between $107 to $128, highlighting strong financial results and strategic event-driven revenue as key drivers for continued momentum into FY24.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 1:19 pm

PRME

Prime Medicine (NASDAQ:PRME) reported Q4 earnings with an EPS of $-0.72, missing estimates by -41.0%. Revenue remained unchanged from the previous year. Despite missing EPS estimates last quarter, PRME's share price increased by 18.0% the following day.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 1:15 pm