Streetbeat News

Earnings

NRDY

Nerdy's stock is trading lower following the release of their Q4 financial results and the issuance of Q1 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:55 pm

SNOW

SPRX

Snowflake, Inc. (SNOW) was trading near flat as it approached its Q4 earnings, with Citigroup analyst Tyler Radke maintaining a Buy rating and raising the price target from $255 to $290. Snowflake's stock appears bullish from a technical analysis perspective. Spear Invest ETF (SPRX), which holds Snowflake as a major investment, offers diversification and targets long-term capital growth, having risen about 64% over the last twelve months and 10.5% year-to-date.

Portfolio Pulse from Melanie Schaffer

February 28, 2024 | 7:54 pm

GSK

PPH

PTEU

A group of 11 European stocks, dubbed 'Granolas' by Goldman Sachs, has outperformed the global market with lower volatility and higher yields compared to 'The Magnificent Seven' tech stocks. These companies, operating in sectors like healthcare, pharmaceuticals, luxury goods, consumer staples, industrial manufacturing, and software technology, offer advantages such as lower valuation multiples, higher dividend yields, and less volatility. Notable companies include GSK, Roche, ASML, Nestle, Novo Nordisk, Novartis, L'Oreal, LVMH, AstraZeneca, Sanofi, and SAP. For investors interested in these stocks, ETFs like the VanEck Pharmaceutical ETF (PPH) and Pacer Trendpilot European Index ETF (PTEU) are recommended.

Portfolio Pulse from Stjepan Kalinic

February 28, 2024 | 7:43 pm

SRCL

Stericycle shares are trading higher following the announcement of mixed Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:32 pm

CYTK

Cytokinetics shares are trading lower following the announcement of worse-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:31 pm

ADIL

ADT

IAS

INGN

OGEN

VANI

VTVT

U.S. stocks closed lower with the Dow Jones, NASDAQ, and S&P 500 all experiencing declines. ADT Inc. reported better-than-expected earnings for its fourth quarter, despite a sales decline. Vivani Medical, Adial Pharmaceuticals, and vTv Therapeutics saw significant stock price increases, while Oragenics, Integral Ad Science, and Inogen experienced notable drops. The real estate sector saw gains, whereas communication services declined.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 7:30 pm

BABA

BIDU

PDD

Chinese stocks are trading lower, potentially in sympathy with Baidu (BIDU), which experienced a decline after announcing its Q4 results. This trend may affect other major Chinese companies listed in the US such as Alibaba (BABA), JD.com (JD), and Pinduoduo (PDD).

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:24 pm

AMZN

BMBL

CRM

GOOG

MSFT

PYPL

SONY

Bumble Inc. plans to lay off over 30% of its workforce, approximately 350 employees, as part of a strategic shift to optimize operations and accelerate its product roadmap. This move is part of a broader trend in the tech sector, with major companies like Alphabet, Amazon, Sony, PayPal, Block, Microsoft, and Salesforce also announcing significant layoffs. Bumble's decision aims to drive stronger operating leverage and align with future strategic priorities, amidst a competitive tech landscape.

Portfolio Pulse from Surbhi Jain

February 28, 2024 | 7:15 pm

BUD

STZ

TAP

Anheuser-Busch InBev SA (NYSE:BUD) is set to report its Q4 earnings with analysts expecting a revenue of $15.50 billion, a slight decline from Q3's $15.57 billion but an increase from last year's $14.67 billion. Earnings per share are anticipated to be 78 cents, down from 86 cents in the previous year. The company aims for a full-year EBITDA growth of 4% to 8%. Analyst ratings are mixed, with a notable downgrade from Exane BNP Paribas and an upgrade from Jefferies. Jim Cramer prefers Constellation Brands (NYSE:STZ) over BUD, citing better growth opportunities. BUD's recovery from a boycott and its marketing strategies, including Super Bowl ads and sports sponsorships, are key points of interest for investors.

Portfolio Pulse from Chris Katje

February 28, 2024 | 7:11 pm

BWXT

BWX Technologies shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:11 pm