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DWAC

INTU

NNOX

SMCI

SOUN

Benzinga's Stock Whisper Index highlights five stocks: INTU, NNOX, DWAC, SOUN, and SMCI. INTU gains attention from Super Bowl ads and upcoming Q2 results. NNOX rises after Nvidia's stake disclosure and FDA clearance. DWAC surges with SEC's merger approval for Trump Media. SOUN soars with investments from BlackRock and Nvidia. SMCI's stock climbs due to AI demand, with analysts turning bullish.

Portfolio Pulse from Chris Katje

February 16, 2024 | 8:54 pm

GME

MSFT

Prominent Call of Duty players have filed a lawsuit against Activision Blizzard Inc., a subsidiary of Microsoft Corp., accusing it of establishing an illegal monopoly over professional leagues and tournaments for the game. The lawsuit, filed in Los Angeles federal court, alleges that Activision, along with entities like GameStop Corp. and Major League Gaming, once organized open competitions but later monopolized the market by shutting down other leagues. The plaintiffs, including Hector Rodriguez (H3CZ) and Seth Abner (Scump), are seeking over $680 million in damages, claiming the monopoly has restricted players' earnings from sponsorships and endorsements.

Portfolio Pulse from Franca Quarneti

February 16, 2024 | 8:54 pm

TTD

Benchmark analyst Mark Zgutowicz has maintained a Sell rating on Trade Desk (NASDAQ:TTD) but raised the price target from $32 to $42.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

ABNB

Airbnb's stock has experienced volatility following the release of its Q4 financial results earlier in the week, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

ADBE

Adobe shares are trading lower, potentially due to OpenAI's announcement of its new Sora text-to-video generator, which could be seen as competitive to Adobe's offerings.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:14 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares surged on high trading volume following their Q4 earnings report. The company reported a significant reduction in losses per share compared to the previous year and highlighted strong vehicle production and delivery numbers for the quarter. Mullen's strategic pivot to commercial EVs has been fruitful, with increased demand for its vehicles. Additionally, Bollinger Motors, part of Mullen, announced LaFontaine Automotive Group as its first authorized dealer.

Portfolio Pulse from Erica Kollmann

February 16, 2024 | 8:01 pm

NRIX

Over the past three months, Nurix Therapeutics (NASDAQ:NRIX) has been evaluated by 4 analysts, showing a shift towards more bullish sentiments. The average 12-month price target for NRIX has been raised to $26.00, up from $23.50, with a high estimate of $31.00 and a low of $20.00. Analysts' actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to Nurix's market dynamics and performance. Nurix Therapeutics, a biopharmaceutical company, focuses on developing treatments for cancer and immune disorders. Despite its impressive revenue growth rate of 71.13% as of August 31, 2023, it lags behind industry peers. The company's financial performance shows a high net margin of -200.26% and a ROE of -14.98%, indicating strong financial management but challenges in asset utilization and a conservative approach to debt with a debt-to-equity ratio of 0.03.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 8:01 pm

OPEN

Analyst ratings for Opendoor Technologies (NASDAQ:OPEN) show mixed sentiments, with recent updates varying from bullish to bearish. The average 12-month price target has increased to $3.95, up 16.86% from the previous $3.38. Despite this positive shift, Opendoor faces challenges, including a significant revenue decline of -70.84% as of September 30, 2023, and below-average net margin and ROA. However, its ROE outperforms industry benchmarks, and its conservative debt management is noted.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 8:00 pm

ED

In the past three months, 6 analysts have updated their ratings on Consolidated Edison (NYSE:ED), showing a shift towards a more cautious stance with 4 indifferent and 2 somewhat bearish ratings. The average 12-month price target for ED has been adjusted to $87.58, reflecting a slight increase from the previous target. Analysts from firms including UBS, RBC Capital, Barclays, Ladenburg Thalmann, JP Morgan, and Morgan Stanley have made adjustments to their price targets and ratings, indicating a nuanced view on the company's future performance. Consolidated Edison has seen a revenue decline of -7.03% over the last quarter but maintains strong profitability indicators such as a net margin of 13.58% and above-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 8:00 pm

FND

Floor & Decor Holdings (NYSE:FND) has seen a 5.03% increase in its short percent of float since the last report, reaching 20.88% of all shares available for trading. With 16.65 million shares sold short, it would take approximately 12.41 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards FND, although it doesn't necessarily predict a near-term price fall. Compared to its peers, FND has a significantly higher short interest, with the peer group average at 2.10%.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 8:00 pm