Streetbeat News

Stock Prices

AAPL

AI

BMBL

BTCUSD

CORN

MARA

NVDA

PANW

SMCI

SOUN

The top 10 trending stocks on WallStreetBets as of February 28, 2024, include a mix of technology, cryptocurrency, and commodity-related companies. The list features Nvidia (NVDA), Marathon Digital Holdings (MARA), Sonos (SOUN), C3.ai (AI), Corn Futures (CORN), Bumble (BMBL), Palo Alto Networks (PANW), Apple (AAPL), Bitcoin (BTCUSD), and Super Micro Computer (SMCI).

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:28 pm

GSAT

Globalstar, Inc (NYSE: GSAT) reported a 27% year-on-year increase in Q4 fiscal 2023 sales to $52.4 million, slightly below the consensus of $52.9 million. The company's EPS was $0.01, beating the consensus of $0.00, but its stock price declined post-results. Adjusted EBITDA rose 37% Y/Y to $25.1 million, while the loss from operations and net loss increased. GSAT expects FY24 revenue of $225 million to $250 million, below the consensus of $251.5 million, and an adjusted EBITDA margin of about 50%. GSAT shares dropped 3.45% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 28, 2024 | 2:27 pm

VANI

Vivani Medical's shares surged following the announcement of positive preclinical data for NPM-115, showcasing weight loss effects. Additionally, the company revealed that semaglutide is the active ingredient in another of its products, NPM-139.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:26 pm

SOLUSD

WIF

Dogwifhat (WIF), a Solana-based memecoin, surged 34% to an all-time high of 77 cents with a trading volume of $180.9 million, positioning it fifth among meme coins by market cap. The broader crypto market rally, including Bitcoin surpassing $60,000, contributed to WIF's rise. With predictions of reaching a $1 billion market cap soon and potential listings on centralized exchanges, WIF's performance reflects the growing interest in meme coins. Solana's total value locked also increased, indicating a shift from Ethereum and Bitcoin to altcoins.

Portfolio Pulse from Khyathi Dalal

February 28, 2024 | 2:26 pm

NVDA

U.S. agricultural markets are facing challenges from increased input costs and competition from Brazil and Argentina, affecting commodities like corn and soybeans. South American countries have ramped up grain production, putting pressure on U.S. farmers' margins. Weather conditions in both regions could impact global grain prices and food inflation. The article highlights the importance of agriculture in economic dynamics, including inflation, and the tough decisions U.S. farmers and ranchers face to preserve margins or maximize production.

Portfolio Pulse from Kevin Green

February 28, 2024 | 2:24 pm

AZO

JP Morgan analyst Christopher Horvers has maintained an Overweight rating on AutoZone (NYSE:AZO) and increased the price target from $3000 to $3200.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:21 pm

TTI

Tetra Technologies shares are trading higher following the announcement of mixed Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:20 pm

RVLV

Revolve Group's shares experienced an increase following the announcement of their Q4 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:19 pm

EDIT

Editas Medicine's stock price increased following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:19 pm

QRTEA

Qurate Retail's shares experienced an increase following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:18 pm