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SATS

UNFI

Insider purchases at United Natural Foods, EchoStar, and Medalist Diversified REIT indicate confidence in these companies' prospects. United Natural Foods reported Q2 earnings beating expectations, EchoStar saw a price target adjustment from JP Morgan, and Medalist Diversified REIT's stock has gained around 7% over the past month.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 12:52 pm

GXAI

Gaxos (GXAI) shares are trading higher following the announcement that the company has acquired rights to use AI-enabled technology from Ultiself. This strategic move is expected to enhance Gaxos's product offerings and potentially improve its market position.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:50 pm

NVDA

TSLA

Wedbush's Dan Ives remains optimistic about Tesla Inc. (TSLA), citing AI and Full Self-Driving (FSD) advancements as key drivers that could elevate the company's market cap over $1 trillion. Despite a challenging first quarter, projections suggest Tesla could reach 2.1 million units by 2024. Ives emphasizes the compelling risk/reward at current levels, with AI and FSD making significant strides. Additionally, Tesla's Dojo supercomputer project, utilizing Nvidia Corp.'s (NVDA) GPUs, supports FSD development. Amidst compensation and voting control concerns by Elon Musk, Wedbush maintains a $315 price target for Tesla, advising the board to implement measures to support Musk's leadership and address the stock's challenges.

Portfolio Pulse from Rounak Jain

March 13, 2024 | 12:49 pm

DLTR

FIVE

Five Below shares are trading lower due to negative sentiment from Dollar Tree's disappointing Q4 financial results and lower than expected Q1 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:48 pm

ACDC

PFHC

ProFrac's stock is trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:48 pm

YMM

Full Truck Alliance Co. Ltd. (NYSE:YMM) shares rose in premarket trading after announcing an extension of its share repurchase program and declaring an annual cash dividend. The company plans to repurchase up to $300 million of its shares through March 12, 2025, and declared a dividend of $0.0072 per ordinary share, payable in April 2024. Full Truck Alliance also forecasts a revenue growth of 23.9% to 27.1% year-over-year for the upcoming quarter and aims to expand its user base and enhance its services.

Portfolio Pulse from Nabaparna Bhattacharya

March 13, 2024 | 12:46 pm

KSS

Kohl's Corporation (NYSE:KSS) reported Q4 FY23 results with a slight sales decline but beat earnings expectations. Sales were $5.71 billion, a 1.1% decrease Y/Y, but above the $5.70 billion estimate. EPS was $1.67, surpassing the $1.28 estimate. The company highlighted strong store performance, growth in beauty sales through its Sephora partnership, and a 10% inventory reduction. FY24 sales are expected to range between a 1% decline and 1% growth, with EPS projected at $2.10 to $2.70. Kohl's anticipates an operating margin of 3.6% to 4.1% and plans $500 million in capital expenditures, including expanding its Sephora partnership. Following the earnings report, Kohl's shares dropped 6.7%. Analysts from Telsey Advisory Group, JP Morgan, and TD Cowen adjusted their price targets for Kohl's, reflecting varying levels of optimism.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 12:44 pm

GXAI

SIGA

SKIN

Gaxos (GXAI) acquires AI technology from a leading biohacking app, seeing a 105% stock increase. SIGA Therapeutics (SIGA) reports Q4 revenues of $116.5 million, a significant rise from $11.4 million, leading to a 14% stock increase. Beauty Health (SKIN) shares rise 35% after reporting better-than-expected Q4 revenue results.

Portfolio Pulse from ryanfaloona@benzinga.com

March 13, 2024 | 12:42 pm

CISO

CISO Global reported preliminary FY23 revenue of $57.1 million, falling short of the estimated $65.0 million. This indicates a potential underperformance compared to market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:39 pm

SHOT

Safety Shot, Inc. (NASDAQ:SHOT), a pioneer in innovative well-being solutions, has appointed Jordan Schur as President and a member of the Board of Directors. Schur, with a successful background in the music and film industries, aims to elevate Safety Shot's brand to global recognition. His extensive experience includes founding Suretone Entertainment and co-founding Mimran Schur Pictures, as well as holding executive positions at Geffen Records and Universal Music Group, where he significantly contributed to their success.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:39 pm