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FWRD

Forward Air (NASDAQ:FWRD) reported Q4 adjusted EPS of $0.81, missing the $0.98 estimate, and sales of $338.43M, missing the $407.76M estimate. This represents a significant decrease from the same period last year, with earnings down 50.91% and sales down 29.67%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:24 am

BCS

CRH

CRH has initiated a share buyback program, contracting Barclays Capital Inc. to repurchase up to $300 million of its ordinary shares listed on the New York Stock Exchange. The buyback starts on February 29, 2024, and will conclude by May 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:22 am

TALO

Talos Energy (TALO) reported a Q4 adjusted EPS of $(0.01), missing the $0.17 estimate, and sales of $384.96M, missing the $389.57M estimate. This represents a 105% decrease in EPS from last year's $0.20, despite a 12.49% increase in sales from $342.20M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:05 am

BBY

Best Buy Co., Inc. (NYSE:BBY) is anticipated to report a decrease in Q4 earnings with an expected EPS of $2.51, down from $2.61 the previous year, and a projected revenue of $14.53 billion, slightly lower than $14.73 billion year-over-year. The company recently entered a strategic partnership with Bell Canada. Analysts have provided mixed ratings, with price targets ranging from $68 to $76. Best Buy's stock rose 0.8% to close at $79.68 recently.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 6:52 am

BUD

Anheuser-Busch InBev (NYSE:BUD) reported Q4 adjusted EPS of $0.82, beating estimates of $0.76, but missed sales estimates with $14.47B against the expected $15.31B. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:48 am

SQM

Sociedad Quimica Y Minera (SQM) reported Q4 earnings of $0.71 per share, missing the $1.16 estimate, and sales of $1.31B, missing the $1.35B estimate. This represents a significant decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:44 am

AAPL

TSLA

Morgan Stanley analyst Adam Jonas suggests Apple Inc's halt on its electric car project may be due to lacking a significant dataset for autonomous driving, unlike Tesla's extensive data from its fleet. Apple reportedly had only 67 vehicles covering 450,000 miles for testing, in stark contrast to Tesla's 5 million vehicles and 50 billion miles annually. The closure of Apple's car project, after nearly a decade of development and significant R&D investment, is attributed to strategic shifts and concerns over profit margins, with some employees transitioning to the generative AI division.

Portfolio Pulse from Anan Ashraf

February 29, 2024 | 6:44 am

BTCUSD

Despite the Chinese government's crackdown on cryptocurrencies, Bitcoin (BTC) continues to see rising interest on Chinese social media platforms. This interest persists even as China faces economic challenges and the government intensifies scrutiny on crypto activities. Bitcoin's price recently surged over 10% to a new 2024 high of $64,000. Despite regulatory pressures, China still ranks high in global cryptocurrency adoption and trading volumes.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 6:43 am

CVX

OXY

STR

Sitio Royalties (STR) has agreed to acquire 13,062 net royalty acres (NRAs) in the DJ Basin for $150 million, aiming to enhance its footprint in the area with high-quality acreage. The acquisition includes assets with significant growth potential through 2025, involving leading operators like Chevron Corporation, Occidental Petroleum, and Civitas Resources. The DJ Basin assets have seen an 89% increase in net production from December 2022 to December 2023, with the transaction expected to close in early Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:36 am

BTCUSD

El Salvador's President Nayib Bukele trolled Peter Schiff, a known Bitcoin skeptic, highlighting that El Salvador's Bitcoin holdings have surged over 40% in value. Despite the significant profit, Bukele stated El Salvador has no plans to sell its Bitcoin. This comes amid Bitcoin's price reaching over $64,000, a peak not seen in two years, and the overall cryptocurrency market cap crossing the $2 trillion mark.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 5:54 am