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ALT

B Riley defended Altimmune (ALT) against a short report, highlighting factual inconsistencies in the report. This defense could influence investor perception and potentially impact ALT's stock price.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 7:41 pm

KDP

Over the past 15 years, Keurig Dr Pepper (NASDAQ:KDP) has delivered an average annual return of 17.92%, outperforming the market by 4.96%. With a current market capitalization of $43.96 billion, an initial investment of $1000 in KDP stock 15 years ago would now be worth $12,098.82. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 7:30 pm

TDY

Over the past 20 years, Teledyne Technologies (NYSE:TDY) has produced an average annual return of 16.08%, outperforming the market by 8.54% on an annualized basis. A $1000 investment in TDY 20 years ago would be worth $19,828.57 today. The company currently has a market capitalization of $20.15 billion.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 7:30 pm

PLCE

Children's Place Inc (NASDAQ:PLCE) shares dropped significantly in premarket trading after B Riley Securities downgraded the stock from Neutral to Sell and reduced the price target from $19 to $4. Analyst Jeff Lick highlighted the company's need for $50 million to $75 million in funding to maintain proper inventory and resource levels, warning that any new funding could be extremely dilutive to current equity. Lick also pointed out the risks of operating losses, especially in the company's seasonally weakest quarter, and a potential reinforcing cycle of distress.

Portfolio Pulse from Priya Nigam

February 13, 2024 | 7:27 pm

BTCUSD

Bitcoin (BTC) fell below $49,000 due to market reactions to higher-than-expected inflation data, which dampened hopes for Federal Reserve rate cuts. The Consumer Price Index (CPI) report indicated persistent inflation, particularly in the services sector, leading to a significant decrease in the likelihood of a March rate cut from 77% to 9%. This shift in expectations caused investors to move away from riskier assets like cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

February 13, 2024 | 7:27 pm

BIOL

BMR

FREE

MAR

SBFM

SIEN

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all experiencing declines. Marriott International reported mixed Q4 results and provided FY24 earnings guidance below estimates. Beamr Imaging, Whole Earth Brands, and Digital Brands Group saw significant stock price increases, while Sunshine Biopharma, BIOLASE, and Sientra experienced major drops. The energy sector saw a minor decline, and real estate shares dipped more significantly.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 7:26 pm

BONKUSD

DOGEUSD

PEPEUSD

SHIBUSD

Bonk and Pepe, two meme coins, have seen significant weekly gains of 23.5% and 17.6% respectively, outperforming Dogecoin and Shiba Inu. The rally is attributed to Bitcoin's surge to $50,000. Bitstamp's listing of Pepe and bullish social media analysis further spotlight these coins. Despite their popularity, meme coins on the Solana network, like Bonk and Pepe, face volatility due to profit-taking. Dogwifhat, another Solana meme coin, has also seen an 80% weekly gain.

Portfolio Pulse from Khyathi Dalal

February 13, 2024 | 7:21 pm

EXAI

Exscientia Plc (NASDAQ:EXAI) terminated CEO Andrew Hopkins due to inappropriate relationships with employees. Chief Science Officer Dave Hallett steps in as interim CEO. Chairman David Nicholson resigned after it was revealed he knew of Hopkins' conduct. EXAI shares dropped 19.80% to $6.02.

Portfolio Pulse from Vandana Singh

February 13, 2024 | 7:17 pm

ALLY

Shares of companies in the financial sector are down after January CPI data indicated a higher-than-expected inflation rise, creating uncertainty about future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 7:17 pm

ABCB

BAC

Bank stocks including ABCB, ASB, AUB, BAC, and others traded lower after January's CPI data indicated a higher-than-expected inflation rise, casting doubt on future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 7:16 pm