Streetbeat News

Earnings

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

QUAD

Quad/Graphics shares are trading lower following the announcement of their Q4 financial results and the issuance of FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:38 pm

ENVX

Enovix shares dropped following the announcement of disappointing Q4 adjusted EPS results and Q1 guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:37 pm

AMWL

American Well Corporation (AMWL) shares are trading lower due to negative sentiment from Teladoc's mixed Q4 financial results and weak guidance, affecting the telehealth sector.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:34 pm

DC

GATO

NUE

PLL

Nucor Corporation plans to build a $860 million rebar micro mill in the Pacific Northwest, aiming to maintain leadership in the steel bar market. Gatos Silver reported increased silver production and financial growth in Q4 2023, despite a revenue fall. Dakota Gold Corp. announced promising drill assays at the Richmond Hill Gold Project, indicating potential for future resource expansion. Piedmont Lithium sold all shares of Sayona Mining, focusing on its joint venture and offtake agreement with Sayona Quebec to supply lithium resources for the U.S. electric vehicle supply chain.

Portfolio Pulse from Austin DeNoce

February 21, 2024 | 8:33 pm

TNL

Travel Leisure's shares surged following the announcement of better-than-expected Q4 adjusted EPS results and the issuance of optimistic FY24 guidance. Additionally, the company proposed a dividend increase.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:26 pm

JBT

John Bean Technologies (JBT) shares dropped following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:23 pm

CHK

HEAT

UNG

U.S. natural gas prices surged over 11% after Chesapeake Energy Corp (NASDAQ:CHK) announced a reduction in its output, contributing to a nearly 13% increase this week. Chesapeake plans to lower its 2024 gas production and cut capital expenditure by 20% due to weak market conditions. This announcement led to a 7.8% rise in Chesapeake's shares. The United States Natural Gas Fund (NYSE:UNG) also saw an 11.6% increase, while the WisdomTree Heating Oil ETF (NYSE:HEAT) experienced an 8% decline in the same period.

Portfolio Pulse from Neil Dennis

February 21, 2024 | 8:17 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

CWK

Cushman & Wakefield's stock is trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:03 pm