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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

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

AAPL

LLY

NFLX

NVDA

Bridgewater Associates, led by Ray Dalio, adjusted its portfolio in Q4 2023, making significant investments in tech and pharma sectors. New positions include AAPL, ORCL, CCI, CTRA, WFC, DAL, and LLY. The fund exited NFLX, TMO, MCHP, AKAM, and CEG. Notably, Bridgewater increased its NVDA stake by 458%, reflecting confidence in the tech sector, alongside investments in META, MSFT, and additional shares in GOOG. These strategic moves indicate a diversification and a bullish outlook on tech and healthcare.

Portfolio Pulse from Surbhi Jain

February 15, 2024 | 6:39 pm

CRM

GDDY

Starboard Value, led by Jeffrey Smith, has increased its activist investment in GoDaddy (GDDY) and reduced its stake in Salesforce (CRM), according to a CNBC report. This move indicates a strategic shift in Starboard's investment focus, potentially aiming to influence GoDaddy's business direction while capitalizing on gains from Salesforce.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:36 pm

OXY

Occidental Petroleum's CEO announced during a webcast, as reported by Reuters, that the company does not plan any divestitures before the closing of the CrownRock deal. This statement provides clarity on the company's strategy leading up to the completion of this significant transaction.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:27 pm