Streetbeat News

Earnings

DAVA

ENVB

HAYW

LPSN

SCTL

U.S. stocks showed mixed performance with the S&P 500 rising by 0.3%. Hayward Holdings (HAYW) shares surged over 17% following better-than-expected Q4 results. Societal CDMO (SCTL) and Enveric Biosciences (ENVB) also saw significant gains, while LivePerson (LPSN), Endava (DAVA), and Kineta (KA) experienced sharp declines. The market saw varied sector performance, with real estate leading and health care lagging.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 7:31 pm

AAPL

AMD

HRL

MARA

SNOW

TLT

Wall Street experienced mixed reactions as inflation cooled in January, with the Nasdaq 100 up 0.4%. AMD surged over 6%, hitting a record high, while Apple dropped 1%. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. Bitcoin declined over 2%. Notable stock movements included Marathon Digital and Snowflake plummeting, while Hormel Foods soared after exceeding earnings expectations.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 7:30 pm

MGNI

Magnite's shares surged following the release of their Q4 2023 financial results, which exceeded expectations. Subsequently, several analysts upgraded their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:28 pm

LSEA

Landsea Homes shares are trading higher following the announcement of better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:25 pm

BYND

Beyond Meat shares are experiencing an increase in trading volume and price, continuing a positive trend following the company's recent announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:19 pm

CCL

Financial analysts have observed a significant bullish trend in options trading for Carnival (NYSE:CCL), with 61% of trades being bullish. The analysis highlighted 21 unusual trades, with a focus on a price band between $12.5 and $20.0. Notable trades include both bullish and bearish calls, with the majority leaning towards bullish sentiments. Carnival, the largest global cruise company, has seen its stock price increase by 0.32%, with a current price of $15.52. The next earnings report is expected in 25 days.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 7:16 pm

AMD

NVDA

SOXL

SOXS

Direxion Daily Semiconductor Bull 3X Shares (SOXL) surged over 7% on Thursday, driven by gains in NVIDIA (NVDA) and AMD, amid a broader semiconductor sector rally. NVIDIA continues to hit new all-time highs after beating quarterly earnings, while AMD benefits from positive sector sentiment. SOXL, which includes AMD and NVIDIA in its holdings, is in an uptrend, but faces bearish divergence on its RSI. The S&P 500's potential breakout and tech stock gains also support the sector's bullish trend. Direxion Daily Semiconductor Bear 3X Shares (SOXS) is an option for bearish traders.

Portfolio Pulse from Melanie Schaffer

February 29, 2024 | 7:16 pm

EEX

Emerald Holding's stock price declined following the announcement of Q4 sales that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:09 pm

PFE

Pfizer Inc (NYSE:PFE) announced that its Abrysvo vaccine for respiratory syncytial virus (RSV) in adults 60 and older maintained efficacy through a second RSV season, according to Phase 3 trial data. The vaccine showed 77.8% efficacy against severe RSV after the second season, with overall efficacy across both seasons at 81.5%. No new adverse events were reported in the second season. Abrysvo, approved by the FDA for preventing infection in infants, generated $890 million in sales in fiscal year 2023. PFE shares dropped 1.07% to $26.76.

Portfolio Pulse from Vandana Singh

February 29, 2024 | 7:04 pm

RVNC

Revance Therapeutics' stock price increased following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:03 pm