Streetbeat News

Earnings

MCD

McDonald's expects the ongoing Middle East war to continue negatively impacting its systemwide sales and revenue, as disclosed in a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:37 pm

FTEL

LCID

RIVN

In Thursday's intraday session, several consumer discretionary stocks showed significant movement. Fitell, GigaCloud Tech, Golden Heaven Group Holdings, Codere Online Luxembourg, Installed Building Products, and Jumia Technologies were among the gainers, with increases ranging from 10.73% to 30.1%. On the downside, Rivian Automotive, Lucid Group, BowFlex, Standard Motor Products, Yunji, and REE Automotive experienced declines between 10.97% and 25.4%. Notably, earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:31 pm

AMLX

CLDI

MNPR

MOTS

SNES

SNPX

Health care stocks experienced significant movements in Thursday's intraday session. Monopar Therapeutics and Calidi Biotherapeutics led the gainers with over 75% increases in their stock prices, while Synaptogenix and Motus GI Holdings were among the top losers, with over 20% declines. Notably, Amylyx Pharma and SenesTech released their Q4 earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:31 pm

ACVA

FCN

FLNC

ROMA

STI

VSTE

In Thursday's intraday session, several industrials stocks experienced significant movements. Notably, Roma Green Finance, FTI Consulting, and ACV Auctions were among the top gainers, with shares increasing by 17.7%, 17.61%, and 17.01% respectively. On the downside, Solidion Technology, Vast Renewables, and Fluence Energy led the losers, with their stocks falling by 17.6%, 15.7%, and 15.5% respectively. The movements were attributed to various factors including quarterly earnings reports.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:31 pm

BELFB

CSPI

SMCI

In Thursday's intraday session, 12 Information Technology stocks showed significant movement. CSP, Infobird Co, Mercurity Fintech Holding, Super Micro Computer, One Stop Systems, and NOVONIX were the gainers with CSP leading at a 45.8% increase. On the downside, Bel Fuse, MMTEC, CISO Global, MicroCloud Hologram, and Datasea were among the losers, with Bel Fuse experiencing a 26.8% drop following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:31 pm

PLNT

Planet Fitness Inc (NYSE:PLNT) reported a 1.4% year-over-year sales growth for Q4 fiscal 2023, with revenues of $285.1 million slightly beating consensus estimates. The company saw increases in system-wide same-store sales, franchise segment revenue, and corporate-owned store revenue, while equipment revenue declined. Operating costs decreased, and both operating income and adjusted EBITDA rose. Planet Fitness opened 77 new stores, ending the year with 2,575 stores. The company provided a positive outlook for 2024, expecting revenue, adjusted EBITDA, and adjusted EPS growth. CFO Tom Fitzgerald announced his retirement, and Christopher Rondeau resigned from the board due to disagreements. PLNT shares dropped 2.89% to $63.96.

Portfolio Pulse from Akanksha Bakshi

February 22, 2024 | 5:28 pm

Wayfair's stock price increased after the company reported its Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:27 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) reported a Q4 loss wider than expected and plans to cut its salaried workforce by 10%. Despite beating revenue estimates with $1.32 billion, its loss per share of $1.36 missed expectations. The company anticipates producing 57,000 vehicles in 2024 with an adjusted EBITDA loss of $2.7 billion. Following the report, Rivian's shares dropped 25.2% to $11.52. Analysts from Needham, B of A Securities, and DA Davidson adjusted their price targets on RIVN, all maintaining their previous ratings.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 5:26 pm

GLT

Glatfelter shares have experienced an increase in trading volume and price following the announcement of their fourth quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:24 pm

NVDA

SPY

TLT

U.S. initial jobless claims fell more than expected last week, suggesting a tight labor market and pushing back expectations for Federal Reserve rate cuts. The data, along with strong results from NVIDIA Corp, led to a rally in the S&P 500, while Treasury markets saw minimal impact.

Portfolio Pulse from Neil Dennis

February 22, 2024 | 5:21 pm