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ARKK

TSLA

Cathie Wood of Ark Investment Management commented on CNBC that Tesla could lower its prices if the global economy is in a weak spot. This statement reflects her view on Tesla's pricing strategy in response to economic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:36 pm

ARKK

SPY

Cathie Wood of Ark Investment Management has predicted that U.S. interest rates will decrease sooner and more rapidly than anticipated by most. Her view contrasts with the market consensus, which expects further rate hikes to combat inflation.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:35 pm

RNST

Renasant (NYSE:RNST) reported Q4 earnings with an EPS of $0.76, beating estimates by 18.75% but with a revenue decline from the previous year. The company has a history of surpassing EPS estimates, which has previously led to a share price increase.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:35 pm

HLAN

Heartland Bancorp (OTC:HLAN) reported Q4 earnings with an EPS of $2.61, beating estimates by 9.66% against the expected $2.38. Revenue increased by $288 thousand compared to the same period last year. Despite beating last quarter's EPS estimate, the share price did not change the following day. The company has a history of surpassing EPS estimates in previous quarters.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:35 pm

BlackBerry Ltd (NYSE:BB) shares dropped in after-hours trading following the announcement of a proposed private offering of $160 million Convertible Senior Notes due 2029, exclusively to qualified institutional investors. The company plans to use the proceeds to repay or repurchase its outstanding $150 million 1.75% extendible convertible unsecured debentures due next month. Despite a slight improvement in stock performance and revenue over the past three months, analysts remain neutral, with RBC Capital's Paul Treiber predicting an 11.11% decline in the stock.

Portfolio Pulse from Adam Eckert

January 23, 2024 | 9:32 pm

BBW

FRZA

KXIN

LRN

PRPL

PSNY

RICK

SVMH

TOUR

TWOU

VLCN

In Tuesday's after-market session, several consumer discretionary stocks saw movement. Purple Innovation (PRPL) shares increased by 9.7%, while Build-A-Bear Workshop (BBW) rose 7.51%. Kaixin Auto Hldgs (KXIN) and Stride (LRN) also saw gains after their earnings release, with increases of 4.92% and 4.28% respectively. 2U (TWOU) and SRIVARU Holding (SVMH) stocks moved upwards by 3.79% and 3.57%. On the losing side, Polestar Automotive (PSNY) stock decreased by 3.3%, Tuniu (TOUR) fell 2.99%, Forza X1 (FRZA) declined by 2.11%, RCI Hospitality Hldgs (RICK) fell 1.79%, and Volcon (VLCN) decreased by 1.59%.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:31 pm

AIM

ALRN

CNTB

ENSC

HLTH

HUMA

INBS

MBRX

MYMD

RDHL

SILK

SNTI

In Tuesday's after-market session, several healthcare stocks experienced notable movements. Redhill Biopharma (RDHL) saw an 11.1% increase, while Intelligent Bio Solutions (INBS) dropped by 5.1%. Other gainers included MyMD Pharmaceuticals (MYMD), Ensysce Biosciences (ENSC), Moleculin Biotech (MBRX), Connect Biopharma Hldgs (CNTB), and AIM ImmunoTech (AIM). Losers comprised Humacyte (HUMA), Senti Biosciences (SNTI), Cue Health (HLTH), Aileron Therapeutics (ALRN), and Silk Road Medical (SILK). Market capitalizations were also highlighted, indicating the size of each company.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:31 pm

AGFY

ASUR

BYRN

CISS

FTCI

GWAV

HYZN

IDEX

KITT

LASE

SPCE

YMM

In Tuesday's after-market session, several industrial stocks saw movement. Greenwave Tech Solns (GWAV), Nauticus Robotics (KITT), Laser Photonics (LASE), Asure Software (ASUR), FTC Solar (FTCI), and C3is (CISS) experienced gains, while Byrna Technologies (BYRN), Ideanomics (IDEX), Full Truck Alliance Co (YMM), Virgin Galactic Hldgs (SPCE), Hyzon Motors (HYZN), and Agrify (AGFY) saw declines in their stock prices.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:31 pm

STLD

Steel Dynamics (NASDAQ:STLD) reported Q4 2023 earnings of $2.61 per share, surpassing the consensus estimate of $2.55. Sales reached $4.20B, also beating the $4.14B estimate but marking a 12.97% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:31 pm

AEY

ASTI

CYN

DBX

EXFY

FOXO

MMAT

MSAI

MVLA

TXN

WISA

XNET

In Tuesday's after-market session, several information technology stocks experienced movement. Ascent Solar Technologies, Movella Holdings, FOXO Technologies, Xunlei, Addvantage Technologies, and Expensify saw gains, with Ascent Solar leading at a 5.7% increase. On the downside, Meta Materials, Infrared Cameras Holdings, WiSA Technologies, Cyngn, Texas Instruments, and Dropbox experienced declines, with Meta Materials dropping the most at 13.2%. Texas Instruments' Q4 earnings were released the same day.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:30 pm