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ENS

EnerSys shares have risen following the company's update on its Q3 2024 adjusted EPS guidance, which exceeded estimates. Oppenheimer has kept an Outperform rating on EnerSys and increased the price target from $110 to $116.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 3:30 pm

SPY

USO

USA crude oil inventories reported an unexpected build of 2.909 million barrels compared to an estimated draw of 2.283 million barrels. This contrasts with the prior week's draw of 4.259 million barrels.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 3:30 pm

LIN

Over the past 15 years, Linde (NASDAQ:LIN) has delivered an average annual return of 14.13%, outperforming the market. A $100 investment in LIN stock 15 years ago would be worth $734.07 today. Linde currently has a market cap of $197.84 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 3:30 pm

BTBT

NVDA

Bit Digital Inc (NASDAQ:BTBT) shares are up after the company announced the receipt of new AI servers equipped with Nvidia Corp (NASDAQ:NVDA) HGX H100 GPUs. The company has received 89 servers and expects another 103 by early January. These servers will be shipped to Iceland by the end of the month. Bit Digital also amended an agreement for a three-month prepayment from a customer. The stock rise may also be influenced by an increase in Bitcoin prices, which are up over 160% since the start of the year.

Portfolio Pulse from Adam Eckert

December 20, 2023 | 3:30 pm

BTBT

Bit Digital's stock price has increased following the announcement that the company has received a new batch of artificial intelligence servers.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 3:29 pm

PRZO

Parazero Technologies Ltd (NASDAQ:PRZO) stock surged 72.8% to $1.21 after announcing the completion of a custom safety solution for a Fortune 500 automotive manufacturer's drone program. The company received payment for a unique variant of their SafeAir drone safety system, which led to a second purchase order from the same customer. CEO Boaz Shetzer highlighted Parazero's technical capabilities and the growing trust in their drone safety solutions. PRZO's 52-week range is between $0.56 and $4.15.

Portfolio Pulse from Henry Khederian

December 20, 2023 | 3:26 pm

PRZO

ParaZero shares have risen following the announcement of the successful development of a safety solution for a Fortune 500 global automotive manufacturer's drone program.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 3:25 pm

TTC

Toro Co (NYSE:TTC) shares surged approximately 8% following their Q4 earnings report and FY24 guidance. Despite a 16% Y/Y sales decline to $983.2 million, the results beat the consensus estimate of $973.7 million. The company experienced robust demand in its professional segment, particularly in underground and specialty construction, and golf and grounds businesses. This demand helped mitigate the significant drop in homeowner demand and channel destocking for lawn care solutions. Professional segment sales were $828.9 million, down 12.3% Y/Y, while Residential segment sales were $148.4 million, down 33.6% Y/Y. Adjusted gross margin and operating margin both contracted, and adjusted EPS of $0.71, down 36% Y/Y, still beat the consensus of $0.56. Toro ended the quarter with $193.1 million in cash and equivalents. For FY24, Toro forecasts low-single-digit net sales growth and adjusted EPS of $4.25-$4.35, in line with consensus estimates. The company anticipates benefits from a stable supply chain and a strategic partnership with Lowe's, along with a new productivity initiative named AMP, aiming for over $100 million in annualized cost savings by fiscal 2027.

Portfolio Pulse from Lekha Gupta

December 20, 2023 | 3:24 pm

DASH

UBER

Uber Technologies, Inc (UBER) and DoorDash Inc (DASH) have updated their apps in response to New York's new minimum wage mandate for delivery drivers, which sets a base rate of $17.96 per hour. The changes include moving the tipping prompt to after order placement and implementing additional fees to manage costs. Drivers are concerned about the long-term impact on earnings, as tips now make up a smaller percentage of their income. Uber has added a $2 delivery fee, and DoorDash plans to increase prices. Despite higher wages, drivers find the new minimum wage modest compared to living costs in New York. UBER shares traded lower by 0.73% at $61.67.

Portfolio Pulse from Anusuya Lahiri

December 20, 2023 | 3:24 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily proprietary analysis and trade strategy for SPY, QQQ, AAPL, MSFT, TSLA, NVDA, GOOGL, and META, based on price, volume, and options flow. The analysis includes specific price levels for potential breakouts or reversals. The memo also notes that there's limited new data today, with the weekly MBA mortgage applications report, the Conference Board's consumer confidence assessment, and comments from Fed's Goolsbee, along with a Treasury 20-year bond auction that could affect the market.

Portfolio Pulse from RIPS

December 20, 2023 | 3:22 pm