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SKGR

Webull Corporation is set to go public through a business combination with SK Growth Opportunities Corporation (NASDAQ:SKGR), valuing the combined entity at approximately $7.3 billion. The transaction, expected to close in the second half of 2024, will see Webull's shares listed on NASDAQ under a new ticker symbol. Webull, a leading digital investment platform, boasts 20 million registered users globally and operates in 15 regions with significant trading volumes. The merger is supported by notable institutional backers and aims to expand Webull's offerings and market presence.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:09 pm

DDD

3D Systems' shares dropped following the announcement of disappointing Q4 financial results and a 2024 revenue forecast that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:08 pm

ACMR

ACM Research, Inc (NASDAQ:ACMR) reported Q4 fiscal 2023 revenues of $170.3 million, surpassing analyst expectations and marking a 56.9% year-over-year increase. The company's adjusted EPS of $0.43 also beat forecasts, contributing to a significant stock price surge. Despite a decrease in total shipments and a slight decline in adjusted gross margin, ACMR's strong sales in various equipment and services sectors and a positive outlook for FY24, projecting revenues between $650 million and $725 million, have bolstered investor confidence. The company's performance and future prospects are influenced by macroeconomic factors, including interest rates, inflation, and labor market conditions.

Portfolio Pulse from Anusuya Lahiri

February 28, 2024 | 2:07 pm

FLYW

LU

SEZL

Three financial stocks, Flywire Corporation (FLYW), Sezzle Inc. (SEZL), and Lufax Holding Ltd (LU), are considered overbought as of Feb. 28, 2024, based on their RSI values, indicating potential short-term performance concerns. FLYW reported strong Q4 results with significant revenue growth, SEZL also reported positive Q4 results and provided FY24 guidance, and LU received a price target update from Morgan Stanley.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 2:06 pm

EBAY

EL

ULTA

ZM

On CNBC's 'Halftime Report Final Trades,' analysts highlighted their picks: Zoom Video Communications (ZM) for its strong Q4 results and stock repurchase program, eBay (EBAY) for its Q4 performance and new stock repurchase initiative, Ulta Beauty (ULTA) for exceeding Q3 sales expectations and revising FY23 guidance, and Estée Lauder (EL) for its Q2 results and restructuring plan. Each company's stock saw positive movement following these announcements.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 2:05 pm

BAND

Bandwidth Inc. shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic revenue guidance for Q1 and the full year 2024, surpassing analysts' forecasts.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:05 pm

APLT

Applied Therapeutics' stock is trading higher following the FDA's acceptance and priority review of the NDA for govorestat, aimed at treating Classic Galactosemia. Additionally, the company has announced a $100 million private placement.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:04 pm

COMM

CommScope Hldg Co (NASDAQ:COMM) is scheduled to release its quarterly earnings report on February 29, 2024, with an estimated EPS of $0.05. Historical performance shows a pattern of missed EPS estimates leading to significant share price drops. The company's stock has declined 75.28% over the last 52 weeks, indicating a bearish outlook among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:02 pm

TGNA

Tegna (NYSE:TGNA) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with analysts expecting an EPS of $0.47. The company's past earnings performance shows a mix of hits and misses against estimates, affecting its stock price variably. Shares are currently trading at $13.7, reflecting a 19.59% decline over the last year. Investors are keenly awaiting the report and guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:02 pm

PSNY

Polestar Automotive (NASDAQ:PSNY) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $-0.15. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historically, PSNY's stock price has reacted more significantly to guidance than to earnings beats or misses. In the last quarter, PSNY beat its EPS estimate, resulting in an 8.72% drop in share price the following day. Over the past year, PSNY shares have declined by 72.52%.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:02 pm