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CAT

DMK

EVBG

FDMT

NSTG

PEGY

Caterpillar Inc. reported better-than-expected fourth-quarter earnings, with a revenue increase of 3% year-over-year to $17.07 billion and adjusted earnings of $5.23 per share. U.S. stocks traded lower, with the Dow Jones falling around 200 points. Information technology shares rose by 0.6%, while materials shares fell by 2.4%. Everbridge, Inc. surged 19% after announcing its acquisition by Thoma Bravo for $1.5 billion. 4D Molecular Therapeutics, Inc. saw a 74% increase after positive clinical trial data. NanoString Technologies, Inc., DMK Pharmaceuticals Corporation, and Pineapple Energy Inc. experienced significant drops due to various financial challenges.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 7:35 pm

CLF

X

Former President Donald Trump has expressed intentions to block the acquisition of United States Steel Corp. (NYSE:X) by Nippon Steel Corp., despite the deal's potential benefits to shareholders. The $14.1 billion acquisition was chosen over a lower bid from Cleveland-Cliffs Inc. (NYSE:CLF) due to antitrust concerns. Trump's opposition adds uncertainty to the deal's regulatory approval, potentially impacting U.S. Steel's stock, which has significant upside if the deal closes but also downside risk if it doesn't.

Portfolio Pulse from Caleb Naysmith

February 05, 2024 | 7:33 pm

SAIA

Saia, Inc. (NASDAQ:SAIA) reported Q4 earnings of $3.33 per share, surpassing estimates of $3.20, with sales of $751.13 million against expected $744.99 million. The company's operating ratio improved to 85.0%, and it onboarded nearly 1,500 new associates, closing the year with almost 14,000 employees. Following the report, Saia shares dropped 0.3% to $532.95. Analysts from BMO Capital, Goldman Sachs, Benchmark, and UBS revised their price targets upwards, reflecting optimism about Saia's performance.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 7:32 pm

ORLY

Over the past 15 years, O'Reilly Automotive (NASDAQ:ORLY) has produced an average annual return of 27.15%, outperforming the market by 14.54% on an annualized basis. A $100 investment in ORLY 15 years ago would be worth $3,405.77 today, with the company currently valued at a market capitalization of $61.96 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 7:30 pm

ODFL

Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market with an average annual return of 30.54% over the past 15 years, turning a $100 investment into $5,277.19 today. The company now has a market capitalization of $44.59 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 7:30 pm

BABA

Chinese AI startup 01.AI, backed by Alibaba Group Holding Ltd. (NYSE:BABA), has raised $200 million from Alibaba Cloud and Sinovation Ventures, reaching a $1 billion valuation in eight months. Under Kai-Fu Lee's leadership, 01.AI is making strides in the AI field with its open-source model Yi, outperforming competitors on the Hugging Face leaderboard. The company aims to meet the demand for large-scale language models in China, where OpenAI and Google face restrictions.

Portfolio Pulse from Caleb Naysmith

February 05, 2024 | 7:27 pm

F

GM

TM

Toyota Motor Corp (NYSE:TM) and Ford Motor Co (NYSE:F) are set to report their earnings on Feb. 6, with contrasting expectations. Toyota is anticipated to report $75.94 billion in Q3 revenues, while Ford is expected to report 13 cents in Q4 EPS and $39.53 billion in revenues. Toyota is known for its hybrid technology and global market share, whereas Ford has a strong presence in the U.S., particularly with trucks and SUVs. Ford's U.S. sales increased by 4.3%, outpacing Toyota despite challenges in the EV segment. Over the past year, Toyota's stock is up over 40%, while Ford's is down over 10%, with Ford trading at a lower P/E ratio. Analysts rate Ford a hold with a 5% upside, while Toyota's stock is considered overvalued.

Portfolio Pulse from Surbhi Jain

February 05, 2024 | 7:27 pm

ETHUSD

SOLUSD

Traders turned a $3,694 investment into $1.78 million by trading $dogwifhat, an Ethereum-based copy of the 'Dogecoin Killer' WIF, potentially indicating insider trading. The trade involved 12 new wallets purchasing $dogwifhat simultaneously with the deployer, leading to significant profits. The incident raises questions about the legitimacy of the Ethereum-based meme token and potential 'pump and dump' scenarios.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 7:17 pm

AXP

Recent unusual options activity on American Express (NYSE:AXP) indicates a bearish sentiment among big-money traders, with a split of 33% bullish and 66% bearish. The activity focuses on a price band between $140.0 and $240.0. Current market data shows AXP's price at $205.66, with a slight decrease of -0.36%. Expert opinions vary, with a consensus target price of $206.0, and ratings ranging from Underperform to Outperform.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 7:16 pm

BMY

Bristol-Myers Squibb (NYSE:BMY) has seen significant options trading activity, indicating a bullish sentiment among big-money investors. Benzinga's options scanner revealed 35 unusual trades, with a split sentiment of 62% bullish and 38% bearish. The focus is on a price range of $40.0 to $75.0 for BMY, with notable activity in calls over puts. The company, a leader in immuno-oncology, shows a high dependence on the U.S. market. Despite a slight price drop to $48.55, indicators suggest BMY may be oversold.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 7:15 pm