Streetbeat News

Analyst Ratings

BLMN

Bloomin' Brands, Inc. (NASDAQ:BLMN) is set to announce its Q4 earnings on Feb. 23, 2024, with analysts forecasting a slight increase in earnings per share and revenue compared to the previous year. The company recently entered a cooperation agreement with Starboard Value LP, leading to the appointment of Dave George and Jon Sagal to its Board of Directors. Analysts have provided mixed ratings and price targets for BLMN, reflecting varied expectations for the company's financial performance.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 6:47 am

NVDA

Nvidia's recent earnings report has sparked optimism in the U.S. stock market, with JPMorgan traders suggesting it could reignite bullish sentiment. The report, highlighting Nvidia's success in artificial intelligence, led to significant gains in the S&P 500 and Nasdaq 100 indexes. This positive outcome aligns with JPMorgan's prediction that Nvidia's performance could overshadow concerns about Federal Reserve interest rate cuts, potentially leading to a decoupling of stocks and yields. Nvidia's market cap approached $2 trillion, underscoring the company's growing influence and the market's confidence in its long-term potential.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 5:16 am

FBTC

IBIT

Major cryptocurrencies surged, pushing the global crypto market cap towards $2 trillion. Bitcoin's correlation with ETF inflows has decreased, according to JPMorgan. BlackRock's IBIT and Fidelity's FBTC dominate ETF inflows. The S&P 500, Nasdaq, and Dow Jones surged, influenced by Nvidia's performance and lower jobless claims. Analysts predict potential corrections for Bitcoin but remain optimistic about its long-term prospects, with predictions of reaching $300k this cycle.

Portfolio Pulse from Mehab Qureshi

February 23, 2024 | 3:30 am

NVDA

Jim Cramer praised Nvidia's success, attributing it to the company's innovative AI technology and urging investors to believe in stocks like Nvidia that defy conventional wisdom. Nvidia's recent earnings exceeded expectations, driven by high demand for AI products. Cramer compared Nvidia's CEO, Jensen Huang, to Tesla's Elon Musk, highlighting Huang's visionary approach.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 2:47 am

FLNC

Fluence Energy, Inc. (FLNC) has responded to a short seller report by Blue Orca Capital, stating that the report contains numerous inaccuracies and distortions. Blue Orca Capital had previously issued a report indicating they are short on FLNC stock.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:39 pm

DLR

HPP

HR

WPC

Four REITs, Hudson Pacific Properties Inc. (HPP), Healthcare Realty Trust Inc. (HR), Digital Realty Trust Inc. (DLR), and WP Carey Inc. (WPC), have been downgraded by analysts following disappointing fourth-quarter operating results and/or 2024 forward guidance. These downgrades have led to significant share price losses for each REIT. The article also highlights opportunities in private market real estate investments as an alternative to publicly traded REITs.

Portfolio Pulse from Ethan Roberts

February 22, 2024 | 10:30 pm

MRO

Marathon Oil (NYSE:MRO) reported Q4 earnings that exceeded analyst expectations with a 9.52% EPS surprise and a 2.15% revenue surprise. Despite challenges, the company's 2024 guidance is positive, with a strong Free Cash Flow outlook and an anticipated reversal of E.G. timing impacts in 1Q24. JPMorgan analyst Arun Jayaram rates MRO stock Overweight without a specific price target. MRO stock closed 1.4% higher at $23.98, remaining range-bound between $22 and $27 over the past year.

Portfolio Pulse from Surbhi Jain

February 22, 2024 | 9:35 pm

UBER

Recent unusual options activity in Uber Technologies (NYSE:UBER) indicates a bearish sentiment among deep-pocketed investors, despite a divided general mood with 35% bullish and 64% bearish. The activity includes 53 extraordinary options activities, with a price window eyed from $30.0 to $90.0. Significant trades include both bullish and bearish calls with expiration dates in 2025. Uber's current market status shows a 3.98% increase in price at $79.48, with RSI indicators suggesting it may be approaching overbought. Analysts have set an average price target of $83.8, with varying ratings from Buy to Market Outperform.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:30 pm

REGN

Regeneron Pharmaceuticals (NYSE:REGN) has seen a 15.38% increase in its short percent of float since the last report, with 1.25 million shares sold short, representing 1.35% of its available trading shares. This increase in short interest indicates a more bearish market sentiment towards REGN, although it has less short interest compared to its peers' average of 4.69%. The article suggests that while an increase in short interest can signal bearish sentiment, it can also present bullish opportunities under certain conditions.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:15 pm

FLNC

Shares of Fluence Energy (FLNC) are trading lower following a short report issued by Blue Orca Capital.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:06 pm