Streetbeat News

Stock Prices

AMD

INTC

NVDA

PCSA

TSLA

U.S. stocks closed higher with Intel, Nvidia, AMD, Processa Pharmaceuticals, and Tesla being the focus of investors. Intel rose 0.94% after reporting a 10% year-over-year revenue increase. Nvidia fell 0.42% but remains a key player in AI. AMD gained 1.14% with raised estimates from UBS. Processa Pharmaceuticals surged 148.78% on successful drug trial results. Tesla dropped 12.13% after missing Q4 revenue and EPS estimates, with analysts expressing concern over its valuation.

Portfolio Pulse from Benzinga Neuro

January 26, 2024 | 2:14 am

INTC

Intel Corporation's Q1 2024 revenue guidance fell short by over $1 billion, surprising analysts. Wedbush's Matt Bryson noted the shortfall was due to excess inventory from Q4 overshipping, leading to a backlog. Despite this, Bryson expects a recovery towards the end of 2024. Intel's Q4 revenue was $15.4 billion, beating estimates, but Q1 guidance of $12.2-$13.2 billion is below the expected $14.2 billion. BofA's Vivek Arya predicted the miss, citing multiple headwinds. Intel is also a partner in the NAIRR pilot initiative.

Portfolio Pulse from Benzinga Neuro

January 26, 2024 | 2:07 am

LLY

TSLA

Tesla Inc. (TSLA) experienced a 12% drop in stock price after a Q4 revenue miss, causing its market cap to fall below that of Eli Lilly (LLY). Eli Lilly's market value increased due to the success of its weight-loss drugs, with shares up 59% for the year. Tesla's earnings report was criticized, and its growth forecasts are weak, while Eli Lilly receives bullish forecasts from analysts, including a potential 140% stock increase by 2028 as predicted by Goldman Sachs.

Portfolio Pulse from Benzinga Neuro

January 26, 2024 | 12:58 am

Trading on TC has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material information.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 12:50 am

DKNG

The GOP nomination race for the 2024 presidential election is currently between Donald Trump and Nikki Haley. Trump has won the first two states, Iowa and New Hampshire, while Haley remains in the race. Crypto bettors on Polymarket are wagering on whether Haley will drop out before the South Carolina primary. The betting market has $62,000 wagered with odds implying a 42% chance that Haley will drop out before the primary. Meanwhile, DraftKings Inc. CEO hopes for political betting to be legalized in the U.S., as the company offers betting on the 2024 presidential election in Canada.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:40 pm

NVDQ

NVDX

SJIM

SKRE

TSLT

TSLZ

The Northern Lights Fund Trust IV Inverse Cramer ETF (SJIM) is shutting down, with the last trading day on February 13 and liquidation proceeds distribution on February 23. Tuttle Capital CEO Matthew Tuttle cited the lack of investor interest and poor timing with the performance of the 'Magnificent 7' stocks recommended by Jim Cramer as reasons for the closure. Despite the shutdown, Tuttle Capital continues to manage over $200 million in assets with the T-REX product line and has launched new ETFs, including the Tuttle Capital 2X Inverse Regional Banks ETF (SKRE) and leveraged and inverse ETFs for Tesla (TSLT, TSLZ) and NVIDIA (NVDX, NVDQ). Tuttle is also considering leveraged Bitcoin ETFs and has another project announcement planned for April.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:08 pm

FFIC

Flushing Financial (NASDAQ:FFIC) reported Q4 adjusted earnings of $0.25 per share, surpassing the consensus estimate of $0.23, and sales of $53.49M, exceeding the $48.12M estimate. However, this represents a 56.14% decrease in earnings per share compared to last year, despite a 14.90% increase in sales over the same period.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:05 pm

General Motors Co (NYSE:GM) stock traded slightly lower after-hours following the release of a 105-page report by Quinn Emanuel on Cruise, GM's autonomous vehicle unit. The report, stemming from an investigation into a robotaxi accident involving a pedestrian, highlighted failures in leadership and an adversarial attitude towards regulators within Cruise. Although it did not accuse Cruise leadership of intentional deception, it criticized the company's handling of the incident. GM, which owns 80% of Cruise, acknowledged the shortcomings. Cruise's robotaxis are currently grounded, with investigations ongoing.

Portfolio Pulse from Erica Kollmann

January 25, 2024 | 10:56 pm

INTC

Intel's CEO announced the company's expectation to ship 40 million AI-enabled personal computers by 2024, indicating a significant focus on integrating artificial intelligence into their product offerings.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:31 pm

ADAUSD

BNBUSD

DOGEUSD

ETHUSD

IBIT

SOLUSD

XRPUSD

Altcoins have experienced a price drop following the approval of a spot Bitcoin ETF, with analysts viewing the correction as a buying opportunity. The altcoin market cap surged 68.9% since the filing of BlackRock's iShares Bitcoin Trust (IBIT), but Ethereum (ETH) underperformed by -17%. Bitcoin's market cap dominance increased post-FTX collapse, while altcoins' market share decreased. Top altcoins include Ethereum, Binance Coin (BNB), XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). Analysts predict a potential surge for altcoins after a final high and full reversal to new lows.

Portfolio Pulse from Khyathi Dalal

January 25, 2024 | 10:22 pm