WHLR

Wheeler Real Estate Investment Trust Inc: The company reported a significant drop in fourth-quarter FFO, with an RSI value of 70.4 indicating it may be overbought, while its stock price fell by 4.8% to $2.37.

Stratus Properties Inc: The company experienced a substantial revenue increase for 2024 and has an RSI value of 75.4, suggesting it is also overbought; its stock rose by 18.1% to close at $20.91.

ReShape Lifesciences Partnership: Shares of ReShape Lifesciences Inc. surged 82.2% in pre-market trading following their announcement of a partnership with Motion Informatics to exclusively import and distribute neuromuscular rehabilitation devices in the US.

Market Movements: Several stocks experienced significant changes in pre-market trading, with Wheeler Real Estate Investment Trust rising 111.7%, while Rithm Property Trust saw a decline of 55.7%.

Real Estate Market Movements: Real estate stocks experienced volatility on Monday, with mortgage lenders declining while homebuilders saw gains; Rocket Companies announced a $1.75B acquisition of Redfin, causing significant stock fluctuations.

Economic Concerns Impacting Stocks: Broader economic growth concerns, exacerbated by President Trump's recession comments, negatively affected the equities market, particularly impacting hotel and shopping center REITs, while healthcare and triple-net REITs showed resilience.

U.S. Stock Market Performance: U.S. stocks rose this morning, with the Nasdaq gaining approximately 100 points and the Dow and S&P 500 also showing increases; however, financial shares dipped by 0.6%.

February Jobs Report: The U.S. economy added 151,000 jobs in February, slightly below expectations, while the unemployment rate unexpectedly increased to 4.1%.

Ortelius Advisors' Concerns: Ortelius Advisors, holding 1.3% of Brookdale Senior Living's stock, has expressed deep concerns over the company's poor performance and chronic undervaluation, citing significant declines in occupancy rates, net operating income margins, and shareholder value over the past seven years.

Call for Board Change: The firm is advocating for a complete overhaul of Brookdale's board by nominating six independent director candidates to drive urgent change and unlock value for shareholders, emphasizing that incremental changes are insufficient given the company's history of mismanagement.

U.S. Stock Market Performance: U.S. stocks traded slightly lower with the Dow Jones down 0.2%, while utilities shares rose by 0.8%. Retail sales increased by 0.4% in December, below market expectations.

Global Market Trends: European and Asian markets closed higher, with notable gains in Germany and France, while oil prices decreased by 0.6% and gold prices increased by 1.1%.

TSMC Financial Performance: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 57% year-over-year increase in net profit for the fourth quarter, reaching a record T$374.68 billion ($11.38 billion), leading to a 4.7% rise in its stock price during pre-market trading.

Pre-Market Stock Movements: Several stocks experienced significant changes in pre-market trading, with notable gainers including SOBR Safe, Inc. (+83.1%) and Powell Max Limited (+67.8%), while Transcontinental Realty Investors, Inc. saw the largest decline at -31.8%.

Oversold Real Estate Stocks: The article highlights several oversold stocks in the real estate sector, including Equity Commonwealth, Wheeler Real Estate Investment Trust, and LXP Industrial Trust, all of which have low RSI values indicating potential buying opportunities.

Recent Stock Performance: Each company has experienced significant stock declines recently, with Equity Commonwealth down 91%, Wheeler Real Estate Investment Trust down 52%, and LXP Industrial Trust down 12%, despite some reporting positive financial results.

DBV Technologies Stock Surge: DBV Technologies S.A. shares rose 36.9% in pre-market trading after announcing alignment with the FDA for an accelerated approval pathway for the Viaskin peanut patch in toddlers aged one to three years.

Market Movements: Various stocks experienced significant changes in pre-market trading, with Palisade Bio, Inc. gaining 125%, while Avinger, Inc. saw a decline of 50%.

Oversold Stocks in Real Estate: The article highlights several real estate stocks that are currently oversold, with their Relative Strength Index (RSI) values indicating potential buying opportunities. Notable mentions include Office Properties Income Trust (OPI), Wheeler Real Estate Investment Trust Inc (WHLR), and Creative Media & Community Trust Corp (CMCT), all of which have seen significant declines in stock prices.

Recent Performance and Outlook: Each company reported disappointing financial results leading to sharp drops in their stock prices, with OPI at an RSI of 20.67, WHLR at 26.03, and CMCT at 21.55. Analysts suggest these low RSI values could indicate a potential rebound for investors looking for undervalued assets in the sector.

Most-Searched Stocks: In October 2024, Tesla Inc topped the list of most-searched stocks on Benzinga Pro, followed by NVIDIA Corporation and Trump Media & Technology Group, which saw significant interest due to its connection with the upcoming presidential election.

Market Trends: The SPDR S&P 500 ETF Trust fell to fourth place, indicating a shift in investor focus towards individual stocks rather than ETFs, while newcomers like Bright Minds Biosciences and Oklo entered the top 10 for the first time.

BloomZ Inc. Stock Surge: Shares of BloomZ Inc. rose 63.6% to $1.17 in pre-market trading after being selected as the primary animation contractor for an upcoming project.

Market Movements: Several stocks experienced significant gains and losses in pre-market trading, with Tevogen Bio Holdings up 58.2% and Klotho Neurosciences down 33.9%.

Levi Strauss & Co. Earnings Report: Levi Strauss shares fell 10.6% in pre-market trading despite posting better-than-expected earnings for the third quarter, as sales missed estimates and the company projected adjusted earnings for fiscal year 2024 slightly below expectations.

Pre-Market Stock Movements: Several stocks experienced significant movements in pre-market trading, with Conduit Pharmaceuticals rising 47.3% and EON Resources declining 17.7%, reflecting a mix of gains and losses among various companies following recent performance fluctuations.

Top Searched Stocks: In September 2024, NVIDIA Corporation was the most-searched stock on Benzinga Pro, followed by SPDR S&P 500 ETF Trust and Tesla Inc., with notable newcomers including Wheeler Real Estate and Intuitive Machines.

Market Trends: The month saw significant volatility in several stocks, with some dropping out of the top rankings, such as Amazon and Meta Platforms, while others like Trump Media & Technology Group gained attention due to their association with the ongoing 2024 election cycle.

Tender Offer Announcement: Wheeler Real Estate Investment Trust's unit, Cedar Realty Trust, plans to initiate a tender offer to buy back up to $9 million of its 6.50% series C cumulative redeemable preferred stock.

Acquisition Context: This move follows the retail REIT's recent acquisition activities.

Granite Point Mortgage Trust Inc. Updates: Shares of Granite Point Mortgage Trust rose 3.2% in pre-market trading after announcing a quarterly cash dividend of 5 cents per share for common stock and 43.75 cents for preferred stock.

Market Movements: Several stocks experienced significant changes in pre-market trading, with Nukkleus Inc. gaining 73.3% and Jin Medical International Ltd. falling 21.5%.

U.S. Stock Market Reaction: U.S. stocks rose after the Federal Reserve cut interest rates by 50 basis points, marking the first rate reduction in over four years. The Dow, NASDAQ, and S&P 500 all experienced gains.

Global Economic Indicators: European shares closed lower amid falling inflation rates, while Asian markets mostly gained. In the U.S., mortgage applications surged and housing starts increased significantly in August.

U.S. Stock Market Performance: U.S. stocks experienced a decline, with the S&P 500 down 0.2%, while notable gains were seen in real estate shares and significant increases for companies like Intuitive Machines and Applied Therapeutics.

Economic Indicators: Housing starts in the U.S. rose by 9.6% in August, and mortgage applications surged by 14.2%, while the Eurozone's annual inflation rate fell to 2.2%, indicating mixed economic signals across regions.

Intel's Stock Surge: Intel Corporation's shares rose 6.9% in pre-market trading after announcing a strategic collaboration with AWS to enhance US-based chip manufacturing.

Pre-Market Stock Movements: Several stocks experienced significant changes, with Galmed Pharmaceuticals gaining 73.1% and Netcapital Inc. falling 33% following their earnings report.

Oracle Corporation Earnings Report: Oracle shares surged 8.8% in pre-market trading following a strong earnings report and the launch of Oracle Database@AWS, allowing customers to access Oracle's services on Amazon's infrastructure.

Stock Movements: Several stocks saw significant pre-market gains, including Silexion Therapeutics (up 62.2%) and Quoin Pharmaceuticals (up 35.4%), while others like Singularity Future Technology and Edgio experienced notable declines.