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AER

AXTI

CRGE

MNPR

MRVI

SQNS

UPLD

U.S. stocks traded higher with the Dow Jones index up by over 150 points. AerCap Holdings reported upbeat Q4 earnings with adjusted EPS of $3.11, beating consensus. AXT, Inc., Maravai LifeSciences, and Monopar Therapeutics saw significant stock price increases after reporting better-than-expected financial results. Conversely, Sequans Communications, Charge Enterprises, and Upland Software experienced substantial declines in their stock prices due to various negative developments.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 3:25 pm

NVDA

NVIDIA shares are trading higher due to continued strength following the company's recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:22 pm

C

Significant investor activity in Citigroup (NYSE:C) options shows a bullish stance, with 65% of trades being bullish. Notable trades include calls and puts with strike prices ranging from $35.0 to $65.0. Analysts have set an average target price of $74.33 for Citigroup, with recent upgrades from Morgan Stanley and Piper Sandler. Citigroup's current trading volume is 1,429,276, with a slight price increase to $55.95. The stock may be approaching overbought territory, with earnings expected in 49 days.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:15 pm

ASML

Market whales have shown a bullish stance on ASML Holding (NASDAQ:ASML), with a mix of bullish and bearish options trades. The majority of trades are bullish, targeting a price range of $750.0 to $1140.0. ASML, a leader in photolithography systems for semiconductor manufacturing, has seen its stock slightly down by -0.07%, trading at $951.16. The company's main clients include TSMC, Samsung, and Intel, and it is approaching its earnings announcement in 54 days.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:15 pm

PANW

Palo Alto Networks shares are trading higher, potentially rebounding from a recent drop due to weak guidance.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:15 pm

RUN

Financial analysts have observed a bullish trend in options trading for Sunrun (NASDAQ:RUN), with a significant portion of traders showing optimism. The analysis highlighted a preference for a price range between $12.5 and $20.0 for Sunrun. Recent options trading activity includes both calls and puts with varying sentiments and strike prices. Sunrun, a company specializing in residential solar energy systems, has seen its stock price decrease by -3.21% to $12.37. Analysts have set a consensus target price of $21.75 for Sunrun, with ratings ranging from Market Perform to Outperform.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:15 pm

AER

AerCap Holdings N.V. (NYSE:AER) reported Q4 FY23 results with a 5% Y/Y increase in total lease revenue to $1.718 billion and a 4% rise in total revenues to $1.899 billion, missing consensus estimates. Adjusted EPS was $3.11, beating expectations. The company announced a $500M share buyback program and highlighted strong demand for its leasing and sales of aircraft, engines, and helicopters. Despite positive results and outlook, AER shares dropped by 1.06% to $77.74.

Portfolio Pulse from Lekha Gupta

February 23, 2024 | 3:07 pm

FMX

Fomento Economico Mexicano (FMX) shares dropped following the announcement of disappointing Q4 results, falling short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:05 pm

FISI

FRST

Primis Finl (NASDAQ:FRST) maintains a consistent dividend payout of $0.10 per share, resulting in a 3.17% annualized yield as of February 23, 2024. Despite a stable dividend since 2020, Primis Finl's earnings per share have declined from $1.13 in 2020 to $0.71 in 2023, raising concerns about the sustainability of future dividends. The company's dividend yield is mid-range compared to peers, with Financial Institutions (NASDAQ:FISI) leading at 6.48% yield.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:05 pm

PFS

SASR

Provident Financial Services (NYSE:PFS) announces a dividend payout of $0.24 per share with a 5.47% yield for shareholders on record as of February 8, 2024. The company has shown a consistent increase in dividends from $0.92 in 2020 to $0.96 in 2023, alongside earnings growth from $1.25 to $2.01 per share over the same period. This suggests a strong financial health and potential for continued profit distribution. Sandy Spring Bancorp (NASDAQ:SASR) is mentioned for having the highest annualized dividend yield at 6.21% among peers.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:05 pm