Streetbeat News

Stock Prices

LCID

Lucid Group Inc (NASDAQ:LCID) shares increased by 1.89% to $3.23, despite no specific news. The rise follows a sell-off post-earnings last week. Lucid announced showcasing three new electric vehicles at the Geneva International Motor Show and plans to expand in Europe with more retail and service offerings. New models include the SUV Gravity, Air Sapphire, and a Rear-Wheel-Drive version of the Air Pure, featuring short charging times and long ranges. Lucid Air buyers will receive a Wallbox charging station and maintenance service.

Portfolio Pulse from Henry Khederian

February 28, 2024 | 3:55 pm

AMZN

NFLX

TSLA

Netflix Inc (NASDAQ:NFLX) reached a new 52-week high of $605.36, marking an 84% increase over the past year and a 22% gain in 2024. As part of 'The Enormous Eight', its P/E ratio of 35.25 suggests a higher valuation compared to most peers except Tesla and Amazon. Analysts are divided, with many seeing a downside, suggesting a potential profit-taking opportunity.

Portfolio Pulse from Surbhi Jain

February 28, 2024 | 3:52 pm

ADT

ADT Inc. reported a 7.2% decline in Q4 fiscal 2023 sales to $1.22 billion, missing expectations. However, adjusted EPS of $0.25 beat the consensus of $0.04. The company announced exiting its residential solar business, reduced debt by $2.1 billion, and expects 2024 CSB segment revenue of $4.8-$5.0 billion with adjusted EPS of $0.60-$0.70. ADT shares rose 7.5% to $7.02.

Portfolio Pulse from Akanksha Bakshi

February 28, 2024 | 3:52 pm

NVAX

Novavax Inc (NASDAQ:NVAX) reported a Q4 2023 revenue of $291 million, missing the consensus of $321.97 million, and a net loss of $178 million. The company's full-year 2023 revenue was $984 million, down from $2 billion in 2022. EPS loss for Q4 was $(1.44), worse than the consensus of $(0.45). Novavax announced workforce reductions and a settlement with Gavi over a 2021 advance purchase agreement. The company forecasts 2024 revenue of $800 million-$1 billion, below the consensus of $969.56 million. NVAX shares dropped 29.30% to $4.25.

Portfolio Pulse from Vandana Singh

February 28, 2024 | 3:52 pm

AVGO

Susquehanna analyst Christopher Rolland maintains a Positive rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1400 to $1550.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:49 pm

UPST

Investors have shown mixed sentiment in Upstart Holdings (NASDAQ:UPST) through options trading, with an equal split between bullish and bearish positions. Benzinga's options scanner revealed 10 significant transactions, indicating a price target range of $25.0 to $35.0 for UPST. The stock is currently trading at $25.75, down by -1.79%, with an RSI suggesting a neutral position. Analyst ratings from JP Morgan and Piper Sandler set an average price target of $26.0, with ratings of Underweight and Neutral, respectively.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:46 pm

MSTR

Financial analysis reveals a bearish sentiment among big money traders on MicroStrategy (NASDAQ:MSTR), with 60% showing bearish tendencies in options trading. The analysis highlighted 149 unusual trades, with a significant portion being calls. The predicted price range for MSTR is between $200.0 and $1450.0. Currently, MSTR's stock is up by 9.89%, trading at $957.99, with potential overbought conditions indicated by RSI readings. The company is a provider of enterprise analytics and mobility software.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:46 pm

DVN

Devon Energy (NYSE:DVN) has seen a significant uptick in options activity, with a bullish sentiment from deep-pocketed investors according to Benzinga's tracking. The activity includes 8 notable options trades, with 62% bullish and 37% bearish sentiment, aiming for a price range of $37.5 to $50.0. The company, a major player in North American oil and gas exploration, has a current stock price of $44.25, with indicators suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:46 pm

BP

UGA

USO

XOM

Gasoline pump prices have surged to near a 1-year high, with the national average reaching $3.30 a gallon, driven by rising crude oil prices amid Middle East tensions and attacks on oil shipments. The United States Oil Fund (USO) and the United States Gasoline Fund ETF (UGA) have seen significant movements, with USO near a three-month high. The situation is exacerbated by falling gasoline stockpiles and potential refinery disruptions due to severe weather in the Midwest, affecting facilities like Exxon Mobil Corp's (XOM), Citgo's, and BP Plc's (BP). This rise in fuel prices could influence inflation expectations and the Federal Reserve's rate cut decisions.

Portfolio Pulse from Neil Dennis

February 28, 2024 | 3:39 pm

VTYX

Ventyx Biosciences shares surged following the announcement of better-than-expected GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:39 pm