Streetbeat News

Stock Prices

SHOP

Shopify, Inc. (NYSE:SHOP) reported better-than-expected Q4 earnings but provided light guidance for the current period. Analysts from RBC Capital Markets, Roth MKM, Mizuho, Oppenheimer, Piper Sandler, Baird, JMP, and Benchmark provided varied reactions, with most maintaining positive outlooks and adjusting their price targets. Shopify's success in new markets and segments like digital advertising, offline, and B2B was highlighted, though concerns about profitability were noted.

Portfolio Pulse from Erica Kollmann

February 14, 2024 | 5:54 pm

DBD

Diebold Nixdorf Incorporated (NYSE:DBD) shares rose after reporting a Q4 adjusted net income of $113.5 million, or $3.02 per share, and emerging from Chapter 11. Revenue was $1.036 billion, up 7% YOY, with an adjusted gross profit of $276.1 million, up 23.2% YOY. The company also paid down $200 million of its higher-cost term loan and secured a new revolving credit facility. FY24 revenue growth is expected to be in the low single digits, with adjusted EBITDA of $410 million-$435 million. Shares are up 4.57% to $33.40.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 5:53 pm

CART

Maplebear shares are trading lower following the announcement of their Q4 financial results, indicating a negative market reaction to the reported figures.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:52 pm

RENB

Renovaro Biosciences Inc (NASDAQ:RENB) responded to Hindenburg Research's short seller report, calling it a rehashed attempt to profit from a short position in RENB. The company highlighted the addition of four leaders to its board, refuted claims about its AI technology, and announced a LOI with Cyclomics for liquid biopsies. Despite the attack, RENB shares rose 18.20% to $2.27.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 5:51 pm

ADM

CHTR

LLY

META

MKTX

NVDA

Nearly half of S&P 500 stocks are trading below their 50-day moving average, indicating a divide in the market. Charter Communications, Archer-Daniels-Midland, and MarketAxess Holdings are the top three 'cheapest' stocks based on this metric. Conversely, NVIDIA, Meta Platforms, and Eli Lilly lead the 'richest' stocks, trading well above their 50-day averages. This disparity highlights the uneven recovery and bearish sentiment affecting a significant portion of the index.

Portfolio Pulse from Piero Cingari

February 14, 2024 | 5:49 pm

ABT

The FDA's Circulatory System Devices Panel has favorably reviewed Abbott Laboratories' TriClip device for treating tricuspid regurgitation (TR), with votes supporting its safety, effectiveness, and risk/benefit profile. The TriClip, a minimally invasive device designed for the tricuspid valve, has been approved in over 50 countries and treated over 10,000 people. The FDA's final decision on the device is expected in 2024. Abbott's stock (ABT) saw a slight increase of 0.18% to $111.54.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 5:47 pm

BKKT

Trading of Bakkt Holdings shares has resumed after a temporary halt. This development could influence investor sentiment and market dynamics for BKKT.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:44 pm

BTCUSD

Bitcoin (BTC) has reached an all-time high in Japanese yen, trading at 7.81 million yen, surpassing its previous high from November 2021. This milestone comes as the yen has weakened significantly against the dollar. Bitcoin's market cap is back above $1 trillion, and it's close to setting new highs in other currencies due to their depreciation against the dollar. Countries like Argentina and Turkey, with high inflation rates, have seen Bitcoin reach new highs against their currencies.

Portfolio Pulse from Khyathi Dalal

February 14, 2024 | 5:42 pm

TYGO

Tigo Energy's shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:41 pm

CCG

HUIZ

MCY

ROOT

In Wednesday's intraday session, the insurance industry saw significant movements with Cheche Group leading the gainers with a 107.54% increase, while Huize Holding led the losers with a 2.57% decline. Other notable movers included Root, Mercury General, Investors Title, SelectQuote, and Hippo Holdings on the gainers' side, and Principal Finl Gr, Enstar Gr, Prudential Financial, and Oxbridge Re Holdings among the losers.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:40 pm