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GME

GameStop shares are trading higher in anticipation of the company's Q4 results, which are scheduled to be released tomorrow.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:24 pm

CLSK

CleanSpark shares are trading higher amid strength in Bitcoin, indicating a positive correlation between CleanSpark's stock performance and the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:24 pm

CENX

Century Aluminum (CENX) shares surged following the announcement that it was chosen by the Department of Energy to receive a $500 million grant for constructing a new green aluminum smelter, aimed at accelerating industrial decarbonization.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:11 pm

HUT

Hut 8 shares are trading higher due to the strength in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:10 pm

RIOT

Riot Platforms shares are trading higher due to the strength in Bitcoin, indicating a positive correlation between the company's stock performance and the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:10 pm

BYDDY

DRIV

NIO

TSLA

Tesla Inc (TSLA) is adjusting its strategy to focus on profitability over volume, with price increases for the Model Y in the U.S. and Eurozone amid reports of slowing production in China due to competition and slowing EV sales. Analysts at Oppenheimer believe this shift towards maximizing value per vehicle and leveraging software updates, particularly in Full Self-Driving, could enhance revenue. However, Tesla's stock has declined nearly 32% in 2024, while the Global X Autonomous & Electric Vehicles ETF (DRIV) remains flat. Oppenheimer maintains a Perform market rating for Tesla, highlighting its potential as a transformational technology company.

Portfolio Pulse from Neil Dennis

March 25, 2024 | 4:08 pm

CB

DWAC

A New York appeals court has reduced Donald Trump's appeals bond from $454 million to $175 million and extended the deadline by 10 days in a civil fraud case. This ruling allows Trump and his sons to continue business operations in New York. The bond reduction and extension provide Trump with a financial lifeline, potentially preventing the seizure of his assets by New York Attorney General Letitia James. Trump previously secured a $91.6-million appeal bond with Chubb Limited's unit for a different lawsuit. Meanwhile, Trump's media company merged with Digital World Acquisition Corp (DWAC), which saw its shares rise 12%.

Portfolio Pulse from Chris Katje

March 25, 2024 | 4:08 pm

AXSM

Axsome Therapeutics Inc (NASDAQ:AXSM) announced positive results from the SYMPHONY Phase 3 trial of AXS-12 in narcolepsy patients, showing significant improvements in cataplexy attacks, excessive daytime sleepiness, and other symptoms compared to placebo. Despite the positive trial results, AXSM shares dropped 3.84% to $77.56.

Portfolio Pulse from Vandana Singh

March 25, 2024 | 4:08 pm

SIDU

Sidus Space (NASDAQ:SIDU) is scheduled to release its quarterly earnings report on March 26, 2024, with analysts expecting an EPS of $0.00. The company's past earnings performance shows a trend of missing EPS estimates, leading to significant drops in share price. Shares are currently trading at $3.56, down 93.45% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:08 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has seen a bearish sentiment in its options market, with 61% of trades being bearish. The options trades range between $200.0 to $320.0 strike prices, indicating expected price movements within this window. The company's stock is slightly down by -0.41%, with an RSI indicating it may be approaching oversold territory. Analysts have set an average price target of $335.0, with varying ratings from 'Buy' to 'Positive'.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:08 pm