Streetbeat News

Earnings

SNPS

Financial analysis reveals a bearish sentiment among investors towards Synopsys (NASDAQ:SNPS), with 62% of unusual options trades indicating bearishness. The trades suggest a price target range of $460.0 to $640.0 for the next three months. Synopsys, a provider of electronic design automation software, is currently trading at $543.86, down by -0.75%. An analyst from Rosenblatt maintains a Buy rating with a target price of $615. The company's anticipated earnings release is imminent.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:45 pm

WINA

Winmark reported a decrease in both quarterly earnings and sales YoY, with EPS down 7.69% to $2.64 and sales down 5.14% to $20.04M.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:41 pm

TRTX

TPG RE Finance Trust's shares saw an increase following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:33 pm

MTTR

Matterport's shares declined following the announcement of disappointing Q4 sales results and future guidance that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:33 pm

MU

Deep-pocketed investors have shown a bullish sentiment towards Micron Technology (NASDAQ:MU), with a significant surge in options activity reported by Benzinga. The activity includes 28 notable options transactions, with a majority being calls. The sentiment among these investors is mostly bullish, with a price target range from $70.0 to $90.0. Micron Technology, a leading semiconductor company, has seen its stock price slightly increase by 0.11% to $80.8, with an upcoming earnings release in 28 days.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:30 pm

MAX

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

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:28 pm

CHK

Chesapeake Energy's stock is trading higher following the announcement of their Q4 adjusted EPS results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:27 pm

WPM

Wheaton Precious Metals' shares dropped following the announcement of 2023 gold and silver production results, which fell short of the company's production guidance. Additionally, TD Securities downgraded the stock from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:26 pm

LVS

SWAV

This week's investment highlights include a reversal of economic trends, with the CPI and PPI coming in hot, suggesting a 'higher for longer' interest rate environment. Retail sales weakened while manufacturing exceeded expectations, reversing previous trends. Shockwave Medical (SWAV) outperformed earnings expectations and is expanding its market share. Macau's visitation for Chinese New Year exceeded expectations, benefiting Las Vegas Sands (LVS). Japan entered recession, impacting its economy and currency. Oil prices are predicted to remain range-bound for the year, according to energy expert Tracy Shuchart.

Portfolio Pulse from Gary Brode

February 21, 2024 | 3:23 pm

UIS

Unisys Corporation's stock (UIS) is trading lower following the announcement of its fourth-quarter financial results.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:17 pm