Streetbeat News

Analyst Ratings

NVDA

Tesla Inc. investor Ross Gerber praised Nvidia Corporation (NASDAQ:NVDA) for its performance and AI expansion, calling it 'wildly undervalued' after a record quarter. Nvidia's Q4 earnings exceeded forecasts with non-GAAP EPS of $5.16 and revenue of $22.10 billion, marking a 265% year-over-year growth. The company's success in AI and gaming has led to a 529% increase in shares, rebounding from a previous 68% decline. Gene Munster highlighted Nvidia's long-term growth potential in the AI sector.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 5:32 am

Jim Cramer, host of CNBC's 'Mad Money', recommends holding onto Home Depot (HD) shares despite a disappointing quarter, citing management's conservative forecast and potential for future growth. Home Depot reported a nearly 3% drop in quarterly sales, attributed to falling lumber prices and interest rate hikes. However, the company's outlook remains cautiously optimistic, with expectations of benefiting from the spring planting season and potential interest rate decreases.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 4:34 am

BTC-USD

DOGE-USD

ETH-USD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced declines, with significant liquidations occurring in the past 24 hours. The global cryptocurrency market cap decreased by 2.03%. Meanwhile, the Nasdaq Composite fell, while the Dow Jones and S&P 500 saw slight gains. Federal Reserve minutes indicated no imminent rate cuts. Analysts predict a correction for Bitcoin before a potential rise, noting mixed behavior among crypto whales but a trend of accumulation among the largest holders.

Portfolio Pulse from Mehab Qureshi

February 22, 2024 | 2:52 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

Jim Cramer evaluated the earnings of the 'Magnificent Seven' mega-cap companies, praising NVIDIA and Amazon for their strong performances. NVIDIA's revenue surged 265% due to AI product demand, while Amazon's advertising and web services sectors grew. Meta, Microsoft, Apple, Alphabet, and Tesla also received assessments, with mixed reviews for some. Cramer's analysis suggests these companies have significantly impacted the market, with a hint at potential high-yield investments beyond these tech giants.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 2:30 am

AMZN

JPMorgan analyst Doug Anmuth has named Amazon (NASDAQ:AMZN) as the 'Best Idea' for long-term investment, citing its leadership in the e-commerce sector and potential for significant growth. Anmuth predicts U.S. e-commerce penetration will double to over 40%, with Amazon's share of Adjusted Retail Sales expected to rise to 22.9% in 2024. This projection is supported by Amazon's consistent year-over-year share gains and its strategic expansion into connected TV and streaming.

Portfolio Pulse from Surbhi Jain

February 21, 2024 | 9:40 pm

ROKU

VZIO

WMT

VIZIO Holding (NYSE:VZIO) experienced a decline in share price following downgrades from Wall Street analysts, including JPMorgan, Craig-Hallum, and Roth MKM, amid news of Walmart's (NYSE:WMT) intention to acquire VIZIO for $11.50 per share. The acquisition, valued at approximately $2.3 billion, is seen as having limited upside for VIZIO unless a superior offer emerges. The deal's strategic rationale could benefit both Walmart and VIZIO, potentially impacting Roku (NASDAQ:ROKU), which saw a 32% decline in shares due to the potential strengthened competition.

Portfolio Pulse from Surbhi Jain

February 21, 2024 | 9:23 pm

SOFI

High-rolling investors have shown a bullish sentiment on SoFi Techs (NASDAQ:SOFI), with options trading data revealing a mix of bullish and bearish positions. The trading activity, highlighted by Benzinga, includes significant options trades with a focus on a price band between $1.0 and $15.0. The current market status of SOFI shows a slight decrease in stock price, with professional analysts from Goldman Sachs and Morgan Stanley providing mixed ratings. The company, known for its wide range of financial services, is approaching its earnings announcement.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 8:45 pm

BTCUSD

Retired U.S. Army Colonel Douglas Macgregor, a former Pentagon advisor, predicts a significant rise in Bitcoin's value as a response to the potential collapse of fiat currencies. He suggests investing in Bitcoin for financial autonomy and criticizes the current financial system's reliance on fiat and digital bank-issued currencies. Macgregor also highlights Bitcoin's national security benefits and criticizes U.S. leadership's reluctance to adopt new technologies like Bitcoin, attributing it to a generational gap.

Portfolio Pulse from Murtuza Merchant

February 21, 2024 | 8:42 pm

HALO

Halozyme Therapeutics' shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided FY24 adjusted EPS guidance that surpassed estimates. HC Wainwright reaffirmed a Buy rating on HALO and increased the price target from $48 to $50.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:15 pm

CHNR

China Natural Resources (NYSE:CHNR) has seen a 21.95% increase in short interest since its last report, with 13 thousand shares sold short, representing 0.5% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 4.45% short interest. The article suggests that while increased short interest can signal bearish sentiment, it doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 8:15 pm