Streetbeat News

Earnings

AMAT

AMD

ASML

AVGO

NVDA

Semiconductor stocks are trading higher following NVIDIA's announcement of better-than-expected Q4 financial results and optimistic Q1 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:54 pm

IGIC

MRBK

OCFC

OSBC

PEBO

Benzinga Insights identifies 5 value stocks in the financial services sector with low P/E ratios, indicating potential undervaluation. The stocks are Meridian (MRBK), Intl General Insurance (IGIC), Old Second Bancorp (OSBC), OceanFirst Financial (OCFC), and Peoples Bancorp (PEBO). The analysis includes recent earnings per share and dividend yield changes, highlighting both increases and decreases in these financial metrics.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:47 pm

BELFA

BZFD

DPRO

GBNH

LRHC

NVDA

VERO

The Nasdaq Composite surged by 300 points as NVIDIA Corporation reported strong fourth-quarter financial results, surpassing expectations with a revenue of $22.10 billion and non-GAAP earnings per share of $5.16. Other notable movements included La Rosa Holdings Corp. surging 186%, BuzzFeed, Inc. rising 78% after selling Complex Networks, and Venus Concept Inc. gaining 45%. Conversely, Draganfly Inc., Greenbrook TMS Inc., and Bel Fuse Inc. saw significant declines in their stock prices.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 2:47 pm

SPY

The S&P Global Services PMI for February was reported at 51.3, falling short of the estimated 52.4 and below the prior month's 52.5.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:46 pm

CQP

Cheniere Energy Partners (NYSE:CQP) reported Q4 earnings, beating estimates with an EPS of $1.42 against an expected $0.84 but saw a revenue decline of $2.04 billion YoY. The company has a history of surpassing EPS estimates, which previously led to a slight increase in share price.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:45 pm

CHK

CIVI

GEOS

NRP

Benzinga Insights identifies 5 value stocks in the energy sector with low P/E ratios, suggesting they may be undervalued. The stocks include Natural Resources (NRP), Helmerich & Payne (HP), Civitas Resources (CIVI), Geospace Technologies (GEOS), and Chesapeake Energy (CHK). Each company's recent earnings and dividend yields are highlighted, indicating financial performance and potential investor interest.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:39 pm

EWTX

Edgewise Therapeutics (NASDAQ:EWTX) reported Q4 earnings with an EPS of $-0.47, missing estimates by 9.3% compared to the expected $-0.43. Revenue remained unchanged from the previous year. This follows a pattern from the last quarter where the company also missed EPS estimates, leading to a 3.67% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:30 pm

NVDA

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) shares surged, moving in sympathy with Nvidia after Nvidia's strong Q4 earnings report. Nvidia's revenue and earnings per share exceeded estimates, with a positive outlook for Q1. Super Micro's stock rise is also fueled by AI optimism and its expansion of AI solutions using Nvidia GPUs. Additionally, Super Micro announced a $1.5 billion offering of convertible senior notes for growth and business expansion.

Portfolio Pulse from Adam Eckert

February 22, 2024 | 2:29 pm

AAPL

MSFT

NVDA

Nvidia Corporation's market cap surged to $1.91 trillion after a 14% rally post-earnings, significantly impacting the S&P 500's value. The company's performance, outpacing market expectations for the 12th time in 13 quarters, underscores its growing influence in the tech sector. Other tech giants like Microsoft and Apple also saw stock movements, with Microsoft's market cap reaching $3 trillion and Apple's at $2.8 trillion, further highlighting the tech sector's dominance in the market.

Portfolio Pulse from Neil Dennis

February 22, 2024 | 2:28 pm

MORF

Morphic Holding (NASDAQ:MORF) reported Q4 earnings with an EPS of $-1.04, missing estimates by 22.35% and experiencing a revenue decline of $6.13 million year-over-year. This follows a previous quarter where the company beat EPS estimates, leading to an 8.2% share price increase the next day.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:25 pm