Streetbeat News

Stock Prices

NVDA

SSNLF

Lee Boo-jin, sister to Samsung Electronics Chairman Jay Y. Lee, is selling approximately 5.25 million shares of Samsung Electronics Co (OTC:SSNLF) in a block deal valued at around $330 million. The shares are offered at a slight discount, with investor orders already covering the sale. This follows a January sale by Lee Boo-jin and family to pay inheritance taxes. Samsung's strategic pivot to a new chip-manufacturing method aims to strengthen its AI chip sector presence, potentially impacting Nvidia Corp (NASDAQ:NVDA).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 3:57 pm

ETAO

Etao International's shares have resumed trading. This development could indicate a resolution to any issues that previously halted its trading activities, potentially signaling a positive outlook for the company.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 3:54 pm

ALAR

Alarum Technologies shares are trading higher following the company's announcement that its Q1 2024 revenue is estimated to exceed $8.3 million.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 3:51 pm

JPM

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), expressed concerns about persistent inflation and higher interest rates than anticipated in his annual shareholder letter. He highlighted various inflationary pressures and potential economic scenarios, including stagflation. Despite these challenges, Dimon praised the U.S. economy's resilience and JPMorgan's readiness for diverse interest rate environments. He criticized Basel III regulations for disadvantaging American banks and shared optimism for JPMorgan's financial performance, noting record revenues, net income, and an increased dividend.

Portfolio Pulse from Piero Cingari

April 08, 2024 | 3:50 pm

ETAO

Etao International's shares were halted due to a circuit breaker triggered by a rapid increase, with the stock now up 93%.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 3:49 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has seen a 16.88% increase in its short percent of float since the last report, with 3.43 million shares sold short, representing 0.9% of available shares. This indicates a bearish sentiment among investors, though it's not a definitive predictor of stock price movement. Compared to its peers, TMO has a lower short interest percentage of float (5.41%), suggesting less bearish sentiment relative to similar companies.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 3:45 pm

TSN

Tyson Foods (NYSE:TSN) has seen a 7.89% increase in its short percent of float since the last report, with 6.16 million shares sold short, representing 2.46% of all shares available for trading. This indicates a bearish market sentiment towards TSN, although it has less short interest compared to its peers' average of 4.73%. The article suggests that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 3:45 pm

VFC

VF Corporation's (NYSE:VFC) short interest has decreased by 6.05% since the last report, with 30.07 million shares sold short, representing 8.7% of its float. This indicates a potential shift in market sentiment towards a more bullish outlook, despite the short interest being higher than its peer group average of 8.31%. The coverage time for these short positions is approximately 3.26 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 3:45 pm

GMAB

LLY

NUVB

ProfoundBio Inc. is set to be acquired by Genmab A/S (NASDAQ:GMAB) for $1.8 billion, marking the fourth acquisition of a China-related innovative drugmaker by a foreign company in recent months. This trend reflects the challenges Chinese drugmakers face in becoming profitable due to high development costs and market pressures. ProfoundBio, with its advanced cancer treatment drugs, represents a valuable addition to Genmab's portfolio. Other notable acquisitions include Gracell Biotechnologies by AstraZeneca, SanReno Therapeutics by Novartis, and AnHeart Therapeutics by Nuvation Bio Inc. (NASDAQ:NUVB). Eli Lilly (NYSE:LLY) is also mentioned as a backer of ProfoundBio.

Portfolio Pulse from The Bamboo Works

April 08, 2024 | 3:43 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 8th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed analysis for each, suggesting potential price movements and targets for both bullish and bearish scenarios. The memo also notes that market activity may be quieter due to sparse economic events, with attention on the New York Fed's Survey and Treasury's bill auctions. Additionally, it promotes Market Clubhouse's services, including live daily market analysis and real-time mentorship by a pro trader known as RIPS.

Portfolio Pulse from RIPS

April 08, 2024 | 3:40 pm