316 episodes

Daily Stock Picks and News from Benzinga Newsdesk hosted by Michael O'Connor and David Willey

Benzinga Daily Stocks To Watch Benzinga Podcasts

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    • 5.0 • 8 Ratings

Daily Stock Picks and News from Benzinga Newsdesk hosted by Michael O'Connor and David Willey

    Bio Stocks You Need To Be Watching

    Bio Stocks You Need To Be Watching

    Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.
    Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659
    Today's Stocks:
    Aware Inc (NASDAQ:AWRE): The software and biometrics company saw shares climb on Thursday after reporting third-quarter financial results. Aware’s 112% year-over-year revenue increase to $6.4 million beat a Street consensus estimate of $4.6 million. The company also highlighted its $3.4 million contract signed with the U.S. government that includes options to take the total deal size to $5.1 million. Its use of artificial intelligence and machine learning may attract investors looking for exposure to this growing sector. Aware CEO Robert Eckel expects “several deals” to meaningfully contribute to recurring revenue, including “a multi-year contract with a large agency of the U.S. federal government.” Aware also debuted its formal partner program and additional product enhancements to its SaaS platform, Eckel added.Shopify Inc (NYSE:SHOP): The $77 billion e-commerce company makes the list with increased interest from investors after reporting third-quarter financial results. The company reported $1.71 billion in third-quarter revenue, which was up 25% year-over-year and beat analysts' estimates. Gross merchandise volume for the company was up 22% year-over-year in the third quarter to $56.2 billion. Guidance from the company sees full-year revenue growth in the mid-twenties on a year-over-year basis, which is up from a prior estimate of the low-twenties. Shares of Shopify are up over 70% in one year.Lemonade Inc (NYSE:LMND): The insurance company saw investor interest increase after reporting third quarter financial results Wednesday. Lemonade reported revenue of $114.5 million in the third quarter, which was up 54.7% year-over-year and beat a Street consensus estimate of $104.5 million. The company also beat analysts' estimates for earnings per share in the quarter. Commentary from the company calls for positive cash flow coming and more. "Our ultimate goal, of course, goes beyond being profitable: it is to become an iconic global brand, with unrivaled ability to quantify risk, and service customers at the highest level of delight while shouldering the lowest cost to serve," the company said.Alpine Immune Sciences (NASDAQ:ALPN): Shares of the biotech were up this week on news of the company's clinical data of povetacicept in autoimmune glomerulonephritis. The company presented the data during the American Society of Nephrology Kidney Week. The data was well received by investors and the stock is up over 140% in the last year.Kodiak Sciences (NASDAQ:KOD): The biotech stock was up sharply on Thursday after an announcement that the company will be presenting primary endpoint data from its Phase 3 Glow study for Tarcocimab Tedromer in patients with diabetic retinopathy at the American Academy of Ophthalmology Annual Meeting. The event will be held Nov. 3 through Nov. 6 with the presentation from Kodiak Sciences coming on Nov. 3.

    Hosts:
    Michael O'Connor , Benzinga Newsdesk
    Reach out to Michael at michaeloconnor@benzinga.com
    Partnership Content
    pro.benzinga.com
    If you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.com


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    • 8 min
    5 Stocks Trading Under The Radar

    5 Stocks Trading Under The Radar

    Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.
    Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659
    Today's Stocks:
    $HOLO $RCKT $IDAI $UP $MYTEMicroCloud Hologram (NASDAQ:HOLO): The holographic technology company saw shares trade higher and gain interest from investors to start the week. The stock was halted several times in the early part of the trading week, before shares traded significantly lower on Thursday and Friday. The volatility in the stock comes after the company announced it was developing a holographic virtual digital human based on ChatGPT models on Friday. The company said the creation of the holographic model would be able to understand human language behavior and simulate emotions.Rocket Pharmaceuticals (NASDAQ:RCKT): The clinical-stage biotechnology company saw strong interest from investors this past week after announcing an alignment was reached with the FDA for the Phase 2 trial of RP-A501. The company also announced an offering of 7.8 million shares at $16 each. Over the last two months, analysts have remained mostly bullish on the company. Needham rates it a Buy with a $53 price target, Stifel has a Buy rating with a $48 price target, and Canaccord Genuity gives it a Buy rating with a target of $47.T Stamp Inc (NASDAQ:IDAI): The company recently announced it received its 18th patent, which is related to the use of artificial intelligence for tokenization.Wheels Up Experience (NYSE:UP): The on-demand private aviation company saw shares trade higher following the announcement of their CEO appointment. George Mattison was named the new CEO of the company and brings 25 years of aviation experience to the role. Mattison is a member of the Board of Directors of Delta Air Lines (NYSE:DAL), which is a strategic partner and investor in Wheels Up. Mattison is also an investor and the Chairman of Tropic Ocean Airways, a Wheels Up partner. Wheels Up shares have climbed over 80% in the last month and the stock has been seeing short interest rise. The company currently ranks 21st on the Fintel short squeeze leaderboard with 11.5% of the float short and a cost to borrow of 46.8%.MYT Netherlands AD (NYSE:MYTE): The global luxury ecommerce company saw strong interest from investors over the past week after the company reported fourth-quarter financial results. Fourth quarter gross market volume was up 40.8% year-over-year in the U.S. market. Active customers grew 10% over the last twelve months, with increased first-time buyers being added on a global basis. Double-digit growth for all geographic regions was highlighted by the company, with an improved focus on its top customers. The earnings report led to UBS keeping a Buy rating and raising the price target from $4.60 to $5.20.
    Hosts:
    Michael O'Connor , Benzinga Newsdesk
    Reach out to Michael at michaeloconnor@benzinga.com
    Partnership Content
    pro.benzinga.com
    If you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.com


    Advertising Inquiries: https://redcircle.com/brands

    Privacy & Opt-Out: https://redcircle.com/privacy

    • 9 min
    IPO Of The Year!

    IPO Of The Year!

    Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.
    Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:
    $ARM $SMTC $ADBE $XOM $MSFTARM Holdings IPO today (NASDAQ: ARM) Arm Holdings prices IPO at $51 a share, top of range. AMR is already a BUY with some analysts.Semtech Corporation (NASDAQ:SMTC) reported upbeat earnings for its second quarter, but issued weak forecast for the third quarter. Semtech shares fell 5.1% to $21.70 in the after-hours trading session.Analysts are expecting Adobe Inc. (NASDAQ:ADBE) to have earned $3.98 per share on revenue of $4.87 billion for the latest quarter. The company will release earnings after the markets close. Adobe shares gained 0.3% to $555.00 in after-hours trading.Texas Billionaire Timothy Dunn Backed US Oil & Gas Player Explores $10B Sale. Notable oil industry giants like Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) are expected to be approached to gauge their interest in the potential acquisition of CrownRock. Crude at a 10-month high - OPEC's forecasts indicate a sharp drop in world oil inventories, with a projected decline of around 3.3 million barrels per day in the next three months, potentially the largest since 2007.During a virtual appearance at the All-In Summit, Elon Musk once again expressed concerns regarding Microsoft Corporation’s (NASDAQ:MSFT) significant control over OpenAI, prompting questions about the potential consequences for ChatGPT-parent’s future.
    Hosts:
    Michael O'Connor , Benzinga Newsdesk
    Reach out to Michael at michaeloconnor@benzinga.com
    Partnership Content
    pro.benzinga.com
    If you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.com


    Advertising Inquiries: https://redcircle.com/brands

    Privacy & Opt-Out: https://redcircle.com/privacy

    • 11 min
    Apple Is Weathering The Chinese Storm $AAPL

    Apple Is Weathering The Chinese Storm $AAPL

    Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.
    Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:
    $AAPL $PLTR $BIOC $ORCL $SJMApple Inc. (NASDAQ:AAPL): Apple will be unveiling the new iPhone15 after the Chinese storm. Apple reportedly considering to discontinue silicone-based accessories for its iPhone lineup as part of an eco-friendly initiative to transition to more environmentally sustainable materials. Rumors have picked up regarding Apple’s intention to replace leather accessories with “FineWoven” versions, starting with products designed for the upcoming iPhone 15 generation.Palantir Technologies (NYSE:PLTR): The software company attracted interest from investors this week, which comes as a report says the company is part of a group that will help advise President Joe Biden and the White House on regulation of the artificial intelligence sector. Palantir CEO and co-founder Alexander Karp is among the vocal group who thinks the AI sector needs more regulations going forward. The White House is expected to announce plans on Sept. 12, which could put Palantir shares back in the spotlight. Shares of Palantir are up 138% year-to-date, but have pulled back as artificial intelligence-linked stocks cool off despite impressive gains earlier in the year.Biocept, Inc. - Common Stock(NASDAQ: BIOC) Biocept shares are trading higher after the company announced non-exclusive licensing agreement for CNSide with Plus Therapeutics.Wall Street expects Oracle Corporation (NYSE:ORCL) to report quarterly earnings at $1.14 per share on revenue of $12.46 billion after the closing bell. Oracle shares rose 0.3% to $126.64 in after-hours trading.J.M. Smucker Company (NYSE: SJM) Jelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share.

    Hosts:
    Michael O'Connor , Benzinga Newsdesk
    Reach out to Michael at michaeloconnor@benzinga.com
    Partnership Content
    pro.benzinga.com
    If you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.com


    Advertising Inquiries: https://redcircle.com/brands

    Privacy & Opt-Out: https://redcircle.com/privacy

    • 12 min
    $1 Billion Share Purchase For This Restaurant Company

    $1 Billion Share Purchase For This Restaurant Company

    Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.
    Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:
      $QSR, $KR,$ACI,$DOCU $ARGGY
    Restaurant Brands International Inc. (NYSE:QSR), the parent company of Popeye's, Burger King and Tim Hortons recently approved plans to purchase up to $1 billion of its common shares over the next two years through Sept. 30, 2025.The Kroger Co. (NYSE:KR) and Albertsons Companies Inc. (NYSE:ACI) announced today that they have entered a definitive agreement with C&S Wholesale Grocers, LLC for the sale of select stores, banners, distribution centers, offices and private label brands in connection with their proposed merger previously announced on October 14, 2022.DocuSign, Inc. (NASDAQ:DOCU) reported better-than-expected results for its second quarter. DocuSign shares rose 2.8% to $53.59 in the after-hours trading session.Aston Martin Lagonda Global Holdings Plc.(OTC: ARGGY)
    Hosts:
    Michael O'Connor , Benzinga Newsdesk
    Reach out to Michael at michaeloconnor@benzinga.com
    Partnership Content
    pro.benzinga.com
    If you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.com


    Advertising Inquiries: https://redcircle.com/brands

    Privacy & Opt-Out: https://redcircle.com/privacy

    • 11 min
    China Bans iphones !?

    China Bans iphones !?

    Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.
    Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:
     $AAPL $TLRY $CRWD $GOOG $TIO
    China bans iPhones for government officialsTilray Brands (NASDAQ:TLRY): The cannabis and consumer packaged goods company saw strong interest from investors last week on the heels of positive news related to the cannabis sector. The sector got a boost after the Department of Health and Human Services said it is recommending the reclassification of cannabis to be a Schedule III controlled substance under federal law. Cannabis is currently a Schedule I drug. Cannabis stocks like Tilray soared on the news and Tilray shares are now up 29% over the last month. The stock was among the most requested tickers on Benzinga Pro in the past week.CrowdStrike Holdings (NASDAQ:CRWD): Cybersecurity company CrowdStrike saw strong interest from readers after reporting quarterly financial results. The company beat analyst consensus estimates for both revenue and earnings per share in the second quarter. Revenue was up 37% year-over-year and the company highlighted its growth from artificial intelligence-powered platforms. Guidance from the company was also well received by investors and several analysts raised their price targets as a result.Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL): Technology giant Alphabet is one of the most searched stocks on Benzinga Pro each month. This week both share classes of Alphabet were among the most dominant tickers on Benzinga Pro. The increased interest comes with the company’s Google Cloud unit joining forces with semiconductor leader Nvidia Corp (NASDAQ:NVDA). Google also announced it has an Oct. 4 Pixel event that could highlight upcoming phones and watches from the technology giant. Another future catalyst for the company could be its YouTube video platform getting streaming rights to a highly anticipated trial of former president Donald Trump.Tingo Group (NASDAQ:TIO): The agri-fintech company has been targeted by Hindenburg with a short report alleging several red flags. Tingo Group reported second-quarter financial results that saw earnings per share miss estimates from analysts and revenue beat estimates from analysts. The company also provided an update on the short report and said it had completed its investigation into the allegations. Shares of Tingo are up over the last week and up 59% year-to-date in 2023.
    Hosts:
    Michael O'Connor , Benzinga Newsdesk
    Reach out to Michael at michaeloconnor@benzinga.com
    Partnership Content
    pro.benzinga.com
    If you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.com


    Advertising Inquiries: https://redcircle.com/brands

    Privacy & Opt-Out: https://redcircle.com/privacy

    • 12 min

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