Streetbeat News

Stock Prices

MDB

NVDA

PLTR

SNOW

Wedbush Securities analyst Dan Ives predicts a tech bull market driven by AI, with Nvidia at the forefront, continuing into 2025. Ives highlights the significant potential for AI infrastructure spending to benefit companies like MongoDB, Palantir, and Snowflake. He sees supply and regulatory issues as temporary, anticipating a '1995 Moment' for the tech sector with $1 trillion of incremental spending over the next decade.

Portfolio Pulse from Erica Kollmann

February 23, 2024 | 10:32 pm

SHIBUSD

Shiba Inu (SHIB) has seen a significant increase in its burn rate and daily transactions, indicating potential bullish momentum. A notable transaction involved a whale buying 551.4 billion SHIB tokens, reminiscent of a previous purchase that preceded a 1,100% price surge. The total burned supply now stands at 410.7 trillion out of 589.4 trillion tokens. The Shiba community is optimistic about the token's price potentially erasing one zero.

Portfolio Pulse from Khyathi Dalal

February 23, 2024 | 10:26 pm

CCTG

CCSC Technology International reported a significant decrease in its H1 2024 earnings per share (EPS) to $0.04 from $0.28 year-over-year (YoY). Revenue also saw a sharp decline to $7.5 million from $15.6 million YoY.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:46 pm

BTCM

BIT Mining (NYSE:BTCM) reported a Q4 2023 adjusted EPS of $(0.39) and sales of $10.40M, missing the analyst consensus estimate of $77.30M by 86.55%. This represents an 82.96% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:45 pm

GHC

Graham Holdings (GHC) reported Q4 2023 adjusted EPS of $10.94, missing the consensus estimate of $12.53 by 12.69%. Quarterly sales were $1.17B, in line with estimates, marking a 9.58% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:36 pm

ARKK

NVDA

SARK

TARK

Nvidia (NVDA) experienced a historic surge, adding $273 billion in value in a single day, becoming the 4th largest company globally. This surge followed an earnings call where Nvidia beat revenue and earnings expectations, with optimistic forecasts for the next quarter. Cathie Wood of ARK Innovation ETF (ARKK) sold her Nvidia shares in January 2023, believing Nvidia to be overvalued and preferring smaller AI stocks. Wood's current preferences include UiPath (PATH) and Twilio (TWLO). For bullish traders on ARKK, the AXS 2X Innovation ETF (TARK) offers double the daily return of ARKK, while the AXS Short Innovation Daily ETF (SARK) provides an option for bears, aiming for inverse performance of ARKK.

Portfolio Pulse from Johnny Rice

February 23, 2024 | 9:32 pm

CABO

DUO

SSP

In Friday's after-market session, several communication services stocks saw significant movements. E W Scripps and Cable One reported Q4 earnings, leading to a 5.1% and 3.15% increase in their stock prices, respectively. Other gainers included VS Media Holdings, Super League Enterprise, Iridium Comms, and FaZe Hldgs. Conversely, Fangdd Network Group, Chicken Soup for the Soul, Kartoon Studios, EverQuote, BuzzFeed, and Zedge experienced declines, with Fangdd Network Group leading the losses at 9%.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:31 pm

CELU

NBSE

OCEA

TBIO

ZVSA

In Friday's after-market session, several healthcare stocks experienced significant movements. Ocean Biomedical (OCEA) led the gainers with a 37.6% increase, while Telesis Bio (TBIO) saw the largest decrease among the losers, dropping 14.5%. Other notable movers included NeuBase Therapeutics (NBSE), ZyVersa Therapeutics (ZVSA), and Celularity (CELU). These movements reflect the volatile nature of healthcare stocks in the market.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:31 pm

ADN

FTCI

RCRT

In Friday's after-market session, several industrials stocks saw significant movements. Gainers included Recruiter.Com Group, FTC Solar, Commercial Vehicle Group, AERWINS Technologies, ESS Tech, and Hyzon Motors with increases ranging from 3.86% to 12.2%. Losers were Desktop Metal, Advent Technologies Holdings, Lichen China, Roma Green Finance, Nuburu, and Fusion Fuel Green, with decreases between 2.36% and 4.6%.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:31 pm

ALPP

BCOV

EXFY

HOLO

INTZ

SOBR

In Friday's after-market session, several Information Technology stocks showed notable movements. Intrusion, MicroCloud Hologram, and Alpine 4 Holdings were among the top gainers, with increases of 14.6%, 12.1%, and 8.05% respectively. On the other hand, Sobr Safe, Banzai International, and Inpixon led the losers, with declines of 6.3%, 4.98%, and 4.55% respectively. Brightcove and Expensify, which recently released their Q4 earnings, also saw their stocks move upwards.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:30 pm