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GOOG

GOOGL

XLC

Alphabet Inc's Google is facing a 2.1-billion-euro lawsuit from 32 media groups, including Axel Springer and Schibsted, over its digital advertising practices. The lawsuit accuses Google of market dominance abuse, leading to financial losses for these media companies. This legal action is part of broader antitrust scrutiny that Big Tech companies like Google, Apple, Amazon, Meta Platforms, and Microsoft are facing. The lawsuit was filed in a Dutch court, known for its strategic importance in antitrust damage claims in Europe. U.S. Big Tech companies continue to face regulatory scrutiny and lawsuits globally. The Communication Services Select Sector SPDR Fund, with significant exposure to Google, has seen a 9% increase year-to-date.

Portfolio Pulse from Anusuya Lahiri

February 29, 2024 | 2:03 pm

AZO

Barclays analyst Seth Sigman maintains an Overweight rating on AutoZone (NYSE:AZO) and raises the price target from $2779 to $3100, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:02 pm

INTT

inTest (AMEX:INTT) is scheduled to release its quarterly earnings report on Friday, 2024-03-01, with analysts expecting an EPS of $0.13. The company's past earnings performance shows mixed results with both beats and misses compared to estimates, leading to varied stock price reactions. Shares of inTest have declined by 19.2% over the last 52 weeks, indicating a negative sentiment among long-term shareholders ahead of this earnings release.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:01 pm

MUX

McEwen Mining (NYSE:MUX) is expected to report a Q4 earnings per share (EPS) of $-0.28 on March 1, 2024. Analysts and investors will be looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows a mix of beats and misses, with the share price reacting accordingly. Shares are currently trading at $5.94, down 18.88% over the last 52 weeks, indicating potential investor concern ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:01 pm

TUSK

Mammoth Energy Services (NASDAQ:TUSK) is expected to report a Q4 earnings per share (EPS) of $-0.09 on March 1, 2024. Analysts and investors are keen on whether TUSK will surpass this estimate and provide positive guidance for the next quarter. Despite past earnings misses, TUSK's stock price has shown varied responses. Currently, shares are trading at $3.71, marking a 33.15% decline over the last year. This performance sets a cautious tone for long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:01 pm

BDSX

Biodesix (NASDAQ:BDSX) is scheduled to release its quarterly earnings report on Friday, 2024-03-01, with an expected EPS of $-0.11. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 10.14% drop. Shares are currently trading at $1.525, down 23.75% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:01 pm

BABA

BIDU

PGJ

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) announced a significant price reduction of up to 55% on its core cloud products to regain market share from competitors like Tencent Holdings Ltd (OTC:TCEHY) and Baidu Inc (NASDAQ:BIDU). The discounts aim to democratize cloud capabilities amidst the growing AI era. This follows the cancellation of a spinoff and IPO for its cloud unit, Aliyun. Analysts are mixed on the impact of these price cuts on Alibaba's market share and revenue growth. In related news, Alibaba led a $1 billion investment in Moonshot AI. The Invesco Golden Dragon China ETF (NASDAQ:PGJ), with a 9% exposure to Alibaba, gained 13% last month.

Portfolio Pulse from Anusuya Lahiri

February 29, 2024 | 2:01 pm

PGRU

PropertyGuru Group (NYSE:PGRU) is expected to report an EPS of $-0.02 in its upcoming quarterly earnings on March 1, 2024. Historically, the company has had mixed earnings performance, with a beat last quarter leading to a 1.38% share price increase. Over the last year, PGRU shares have declined by 25.91%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:01 pm

DAR

Darling Ingredients (NYSE:DAR) has received mixed analyst ratings in the last three months, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target for DAR has decreased by 11.29% to $67.2. Analysts from BMO Capital, Citigroup, Stifel, and Stephens & Co. have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Despite a negative revenue trend and challenges in debt management, Darling Ingredients maintains a strong market presence, impressive net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:01 pm

MUX

McEwen Mining (NYSE:MUX) is scheduled to release its quarterly earnings report on March 1, 2024, with analysts expecting an EPS of $-0.28. The company's past performance shows a pattern of beating EPS estimates, which has previously led to positive stock price movements. However, shares have declined by 18.88% over the last year, indicating potential investor concern. The upcoming earnings report and particularly the company's guidance will be crucial for investor sentiment.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:01 pm