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Stock Prices

WDFC

WD-40 Company (NASDAQ:WDFC) stock is rising after the company reported Q1 earnings of $1.28 per share, surpassing the $1.05 consensus estimate, and sales of $140.42 million, a 12.43% increase year over year. The company also confirmed its FY 2024 outlook with net sales between $570 million and $600 million and EPS between $4.78 and $5.15. The stock traded heavily and set a new 52-week high of $278.78.

Portfolio Pulse from Erica Kollmann

January 10, 2024 | 5:46 pm

AMAT

Smart money investors have shown a bearish stance on Applied Materials (NASDAQ:AMAT) through options trading, as detected by Benzinga's options scanner. There were 13 unusual options trades, with a sentiment split of 23% bullish and 76% bearish. The trades consisted of 5 puts and 8 calls, with a focus on a price band between $110 and $175. The largest trades included bearish calls and a neutral put. Applied Materials is a leading semiconductor equipment manufacturer with key customers like TSMC, Intel, and Samsung. Its stock is currently neutral with an RSI indicator and an earnings announcement expected in 36 days. One analyst from TD Cowen maintains an Outperform rating with a target price of $185.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 5:46 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) stock has dropped over 30% in the past month and reached a new all-time low of $4.76. Despite the success of the 'Taylor Swift – The Eras Tour' concert film, the company has been issuing new shares in exchange for debt, and an analyst from B. Riley Securities has maintained a Neutral rating with a lowered price target from $15 to $12.

Portfolio Pulse from Erica Kollmann

January 10, 2024 | 5:44 pm

DISH

SATS

EchoStar Corp (SATS) completed strategic transactions post-merger with Dish Network, enhancing its business flexibility. The merger integrates Dish's satellite tech and 5G network with EchoStar's satellite communications. Despite Dish's debt and declining TV subscribers, the merger aims to shift focus to wireless services, competing with Verizon (VZ) and AT&T (T). EchoStar's subsidiary DISH Wireless received a $50M grant from NTIA for the ORCID project to test Open RAN network solutions. This news propelled SATS shares up by 36.40% to $17.27.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 5:43 pm

ACIC

CNFRZ

FGFPP

GSHD

HIPO

KINS

KMPR

KNSL

MCY

OXBR

ROOT

TIRX

In Wednesday's intraday session, insurance stocks saw movement with Goosehead Insurance (GSHD), Tian Ruixiang Holdings (TIRX), Kemper (KMPR), FG Finl Gr (FGFPP), Kinsale Cap Gr (KNSL), and Mercury General (MCY) recording gains. Conversely, Conifer Holdings (CNFRZ), Oxbridge Re Holdings (OXBR), American Coastal (ACIC), Kingstone Companies (KINS), Root (ROOT), and Hippo Holdings (HIPO) experienced declines. The movements were reported with respect to their trading volumes and market caps, with no significant change in average trading volume.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 5:40 pm

AMZN

SPY

Amazon.com, Inc (NASDAQ:AMZN) stock is up amid reports of significant layoffs at Prime Video and Amazon MGM Studios, affecting several hundred employees. The layoffs are part of a strategy to prioritize investments and focus on impactful content and product initiatives. Mike Hopkins, head of Amazon's entertainment division, reassured that Prime Video's commitment to quality content remains strong. Amazon's Twitch is also planning to lay off about 35% of its workforce, around 500 employees, due to financial challenges and operational costs. Amazon stock outperformed SPDR S&P 500 ETF (NYSE:SPY) last year with a 70% gain compared to SPY's 22%.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 5:38 pm

BABA

U.S. Rep. Laurel Lee and her husband sold $100,000 to $250,000 in Alibaba Group Holding (NYSE:BABA) shares, drawing scrutiny due to her critical stance on China and her position on a Homeland Security subcommittee. The trade was disclosed on Quiver Quant's Congress trading dashboard and has been highlighted by social media influencers. Lee has previously denied allegations of her family's ties to the Chinese Communist Party, stating the stocks are owned by her husband and not a marital asset.

Portfolio Pulse from Chris Katje

January 10, 2024 | 5:37 pm

BABA

NVDA

SPY

TCEHY

Nvidia Corp (NVDA) is facing challenges in the Chinese AI market due to U.S. export controls leading to the repurposing of standard PC gaming graphics cards. Chinese companies are dismantling thousands of Nvidia's gaming cards monthly to circumvent the shortage of high-end processors. This has spiked demand for gaming chips, but modifications could infringe on Nvidia's intellectual property rights. Nvidia has released three new chips for China with reduced performance to comply with regulations. Reports suggest that Alibaba (BABA) and Tencent (TCEHY) may reduce orders for Nvidia's chips, and Chinese cloud companies could cut orders by 50%-60% within five years. Despite these challenges, Nvidia's stock has seen significant growth, outperforming the SPDR S&P 500 ETF (SPY).

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 5:34 pm

CZOO

DBGI

EJH

LAZR

LTRY

MGOL

MYND

RENT

UCAR

UXIN

VNCE

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. E-Home Household Service (EJH) led the gainers with a 24.5% increase, while U Power (UCAR) headed the losers with an 11.2% decline. Other notable gainers included MGO Global (MGOL), Yunji (YJ), Digital Brands Group (DBGI), Rent the Runway (RENT), and Vince Holding (VNCE). Among the losers were Lottery.com (LTRY), Mynd.ai (MYND), Uxin (UXIN), Luminar Technologies (LAZR), and Cazoo Group (CZOO).

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 5:31 pm

AMRN

DCGO

RBOT

SANA

TGTX

Health care stocks experienced significant movement in Wednesday's intraday session. Sana Biotechnology (SANA) led the gainers with a 45.2% increase, while DocGo (DCGO) saw the largest decline among the losers, dropping 35.2%. Other notable movers included Amarin Corp (AMRN), Vicarious Surgical (RBOT), and TG Therapeutics (TGTX). Market capitalizations were also highlighted, indicating the size of each company.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 5:31 pm