Streetbeat News

Stock Prices

SBFM

Trading for SBFM was halted and then resumed at 8:55 AM ET, following an update on its status. The halt was due to the need for a quotation resumption, which indicates a temporary pause in trading to ensure fair and orderly market activity.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:55 pm

AAL

DAL

JBLU

LUV

SAVE

UAL

Airline stocks, including United Airlines (UAL), American Airlines (AAL), Delta Air Lines (DAL), Southwest Airlines (LUV), JetBlue Airways (JBLU), and Spirit Airlines (SAVE), saw an uptick Wednesday following United Airlines' better-than-expected financial results for the first quarter. United Airlines reported a revenue of $12.539 billion, surpassing the consensus estimate of $12.4 billion, and an adjusted quarterly loss of 15 cents per share, beating analyst estimates for a loss of 57 cents per share. The company also reiterated its full-year 2024 earnings expectations and updated its aircraft delivery schedule.

Portfolio Pulse from Adam Eckert

April 17, 2024 | 12:53 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher in the premarket session after the company announced it has been designated as an 'Awardable' vendor for the Chief Digital and Artificial Intelligence Office's (CDAO) Tradewinds Solutions Marketplace. This designation allows the Department of Defense to access two of Palantir's product offerings, including its AI Mission Command Capability and Predictive Maintenance & Precision Sustainment Suite, through the Marketplace to support critical missions.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 12:52 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) shares rose after reporting Q1 results surpassing estimates with $12.539 billion in revenue and a loss of 15 cents per share. Capacity increased by 9.1% year-over-year, with slight improvements in TRASM and CASM. United ended the quarter with $16.9 billion in liquidity and adjusted its fleet plan, converting Boeing Max 10 orders to Max 9 and intending to lease 35 Airbus A321neos. The company reaffirmed its full-year 2024 earnings outlook.

Portfolio Pulse from Adam Eckert

April 17, 2024 | 12:50 pm

IYF

JPM

WFC

Jim Cramer praised the earnings reports of Goldman Sachs (GS), Morgan Stanley (MS), and Wells Fargo (WFC), highlighting their fee income generation over net interest income. This comes amid a high Fed funds rate environment, beneficial for net interest income but challenging for banks. Goldman Sachs reported a significant increase in non-interest revenue, while JPMorgan Chase, despite a double beat in earnings, did not impress Cramer. The iShares U.S. Financials ETF (IYF) saw a decrease in its last session.

Portfolio Pulse from Shanthi Rexaline

April 17, 2024 | 12:48 pm

RMCO

Royalty Management Holding Corporation (NASDAQ:RMCO) announced a stock repurchase program of up to $2M over the next 24 months. The Board of Directors unanimously approved the program, allowing for the repurchase of Class A Common Shares in the open market or through privately negotiated transactions. The program aims to add value to the company and its shareholders, with purchases reported in the subsequent quarterly report.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:48 pm

LLY

Eli Lilly's stock is trading higher following positive results from Phase 3 clinical trials of tirzepatide injection, which showed a reduction in the apnea-hypopnea index compared to a placebo.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:41 pm

BTCUSD

Portfolio Pulse from Khyathi Dalal

April 17, 2024 | 12:34 pm

LUCY

Innovative Eyewear has entered into a distribution partnership with Windsor Eyes, aiming to expand its market reach and enhance product distribution. This strategic move is expected to positively impact Innovative Eyewear's distribution capabilities and market presence.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:32 pm

JETMF

RCG

RVP

Insiders at Global Crossing Airlines Group, Retractable Technologies, and RENN Fund have recently made significant purchases of their companies' stocks, indicating potential confidence in their respective companies' futures. Global Crossing Airlines Group was approved for an increase in aircraft by the US Department of Transportation, Retractable Technologies reported its 2023 results, and RENN Fund shares have fallen about 10% over the past six months.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 12:31 pm