Streetbeat News

Earnings

ALNY

Alnylam Pharmaceuticals' shares dropped following mixed Q4 financial results, indicating a potential concern over the company's short-term financial health.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:57 pm

WST

West Pharmaceutical Services' shares dropped following mixed Q4 financial results and a 2024 guidance for adjusted EPS and sales that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:56 pm

DIS

LDOS

NEE-PR

PGR

On CNBC's 'Halftime Report Final Trades,' analysts highlighted stocks they favor, including Leidos with its strong Q4 results and new management, Disney with its earnings beat and new share repurchase program, and Progressive with its impressive January net income. NextEra Energy was also mentioned for its high yield. All mentioned stocks saw gains in their last trading session.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 1:55 pm

FWRG

MARA

STZ

WBA

ZI

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' recommending waiting to buy Walgreens Boots Alliance (WBA) and expressing interest in Constellation Brands (STZ) over other beer companies. He was uncertain about ZoomInfo Technologies (ZI) and First Watch Restaurant Group (FWRG), and suggested owning Bitcoin directly over investing in Marathon Digital Holdings (MARA). Walgreens is exploring a sale of its specialty pharmacy business, Shields Health Solutions. Marathon Digital's upcoming earnings report is anticipated, and First Watch reported positive sales growth. ZoomInfo exceeded fourth-quarter expectations.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 1:47 pm

TWLO

Twilio Inc (NYSE:TWLO) shares dropped after reporting Q4 results, despite beating revenue and EPS estimates. The company's Q4 revenue was $1.08 billion and EPS was 86 cents, surpassing expectations. Communications revenue increased by 5% year-over-year, and Segment revenue grew by 4%. Twilio is reviewing its Segment business for better execution and growth. Active customer accounts rose to over 305,000. Q1 revenue and adjusted earnings forecasts are below analyst expectations. Northland Capital Markets downgraded Twilio to Market Perform with a $66 price target.

Portfolio Pulse from Adam Eckert

February 15, 2024 | 1:46 pm

SHTLF

South32 Ltd (OTC:SHTLF), an Australian mining company, announced a $2.16 billion investment in the Hermosa project in Arizona, aiming to produce critical minerals zinc and manganese. This investment aligns with the Biden administration's clean energy vision and is expected to make Hermosa one of the world's largest zinc mines. Despite a recent 92% decrease in profits, South32 is optimistic about the global demand for zinc outpacing production by 2031.

Portfolio Pulse from Stjepan Kalinic

February 15, 2024 | 1:44 pm

SAR

Saratoga Investment Corp. (NYSE:SAR) announced an increase in its quarterly dividend from $0.72 to $0.73 per share for Q4 fiscal year 2024, marking the sixteenth consecutive quarterly increase. The annual dividend rate now implies a 12.8% yield based on the recent stock price of $22.77. The company attributes this growth to high interest rates on floating rate assets and portfolio expansion in selected industry segments. Dividends for fiscal year 2024 total $2.85 per share, a 16.8% increase over the previous year. The dividend is payable on March 28, 2024, to shareholders of record as of March 13, 2024. Shareholders have the option to receive the dividend in cash or stock through the DRIP program.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:42 pm

SPY

Retail sales in January saw a significant slowdown, contracting by 0.8% month-over-month, while manufacturing indicators from New York and Philadelphia showed signs of recovery. Jobless claims also fell, indicating a stronger labor market. The economic data influenced market expectations, with traders pricing in rate cuts by December 2024. The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), experienced a 1% increase in its last session.

Portfolio Pulse from Piero Cingari

February 15, 2024 | 1:42 pm

NUS

Nu Skin's shares have declined following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:41 pm

ADPT

Adaptive Biotechnologies' stock price declined following the announcement of mixed financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:41 pm