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TNET

TriNet has announced Mike Simonds as its new President and CEO, effective February 16, 2024, replacing the retiring Burton Goldfield. Goldfield will remain as a special advisor until March 31, 2025. Simonds will also join the TriNet Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:17 pm

HUBS

Deep-pocketed investors have shown a bearish sentiment towards HubSpot (NYSE:HUBS), with a significant move in options trading detected by Benzinga. The activity includes 27 notable options transactions, with a majority being bearish despite the stock's current uptrend. The trading targets a price range of $340 to $890 for HUBS, with the most significant options being bearish call sweeps for a strike price of $650. HubSpot, a provider of cloud-based marketing, sales, and customer service software, is currently trading up by 2.52% at $645.53, potentially nearing overbought territory.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:46 pm

FOXO

Spencer C Christopher has reported a 14.53% stake in FOXO Technologies as of January 19, 2024, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 8:37 pm

AMD

AMZN

ARKK

BABA

MSFT

ORCL

David Tepper's Appaloosa Management adjusted its Q4 2023 portfolio, entering positions in Oracle and ARK Innovation ETF, boosting stakes in Amazon, Alibaba, and Microsoft, while reducing semiconductor stocks like AMD, Intel, and Qualcomm. The fund also diversified into home improvement and exited positions in Arista Networks and Enterprise Products Partners.

Portfolio Pulse from Surbhi Jain

February 15, 2024 | 8:14 pm

BLK

KR

WMT

Rick Rieder of BlackRock Inc (NYSE:BLK) is optimistic about the U.S. economy, predicting 4% nominal GDP growth this year, exceeding previous expectations. Despite high federal funds rates, Rieder expects rate cuts starting mid-year. He notes strong consumer spending, particularly in services, despite concerns from big retailers like Walmart (NYSE:WMT) and Kroger (NYSE:KR). Rieder manages BlackRock's $2.6 trillion global fixed-income portfolio.

Portfolio Pulse from Natan Ponieman

February 15, 2024 | 8:11 pm

VECO

Veeco Instruments (NASDAQ:VECO) has been evaluated by 4 analysts over the last three months, showing a shift towards a more bullish outlook with an increase in the average 12-month price target to $34.75, up 14.88% from $30.25. The company's financial performance indicates strong revenue growth and net margin, but challenges in ROE and ROA. Veeco's market capitalization is below industry average, suggesting it's smaller compared to peers, yet it has a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:00 pm

STLA

Stellantis has announced a €3 billion share repurchase program, with plans to buy back shares until December 31, 2024. The repurchases will occur on the NYSE, Euronext Milan, Euronext Paris, and other multilateral trading facilities.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:43 pm

APP

AppLovin Corporation (NASDAQ:APP) shares surged after reporting Q4 earnings that exceeded expectations and announcing a $1.25 billion increase in its share repurchase program. Earnings per share were 49 cents, surpassing the consensus estimate of 36 cents. Quarterly sales reached $953.26 million, beating estimates and marking a 35.73% year-over-year increase. Software Platform revenue now represents 60% of total revenue. Wedbush analyst Nick McKay upgraded the price target to $67. The stock's trading volume significantly increased, with shares up 25% at $58.65.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 7:25 pm

ENTG

Entegris (NASDAQ:ENTG) has been analyzed by 6 analysts, showing a shift towards more bullish ratings in the last three months with an increase in the average 12-month price target to $142.17 from $111.00. The company faces challenges in revenue growth, net margin, ROE, ROA, and carries a high debt-to-equity ratio. Despite these financial challenges, the updated analyst ratings and price targets suggest a positive outlook on the stock.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 7:00 pm

OXY

Occidental Petroleum's CEO announced during a webcast, as reported by Reuters, that the company is focusing on accumulating cash flow for the purpose of debt repayment rather than pursuing additional stock buybacks.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:58 pm