Streetbeat News

Stock Prices

AMD

MARA

NVDA

PANW

SOUN

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AMD, MARA, PANW, SOUN, MSTR, SMCI, PLTR, NTNX, and FTNT. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

TARS

Tarsus Pharmaceuticals shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:35 pm

BSX

DHR

KRTX

LLY

THC

XLK

XLV

Hedge funds are favoring the healthcare sector over technology and AI, allocating significantly more to healthcare in their portfolios. The Goldman Sachs Hedge Funds Monitor indicates a shift towards stability and value, with healthcare stocks being relatively underperforming and more affordable compared to technology. The Technology Select Sector SPDR Fund (XLK) has seen a 50% increase, while the Health Care Select Sector SPDR Fund (XLV) rose by 13.7%. Hedge funds have shown interest in specific healthcare stocks like Eli Lilly & Company (LLY), Tenet Healthcare Corp. (THC), Karuna Therapeutics (KRTX), Boston Scientific Corp. (BSX), and Danaher Corp (DHR).

Portfolio Pulse from Piero Cingari

February 27, 2024 | 5:34 pm

AAN

GOTU

Consumer Discretionary stocks showed significant movement in Tuesday's intraday session, with notable gainers including Gaotu Techedu, Singing Machine Co, Sonder Holdings, Jumia Technologies, Big Lots, and Norwegian Cruise Line, primarily driven by Q4 earnings releases. Conversely, Aarons, BT Brands, Qurate Retail, Cango, Zapp Electric Vehicles, and Chijet Motor Co experienced declines, with Aarons' drop attributed to its Q4 earnings announcement.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:31 pm

HIMS

JANX

NERV

VKTX

Health care stocks experienced significant movements in Tuesday's intraday session, with notable gainers including Janux Therapeutics, Viking Therapeutics, and CytomX Therapeutics, among others. Losers for the day included Minerva Neurosciences, NRX Pharmaceuticals, and Calidi Biotherapeutics. Factors influencing these movements include recent earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:31 pm

Zoom Video Communications Inc (NASDAQ:ZM) reported higher-than-expected sales and earnings for the fiscal fourth quarter, leading to a 7.37% increase in its stock price to $67.77. Analysts from Goldman Sachs, JPMorgan, Wedbush, KeyBanc Capital Markets, Oppenheimer, and Needham provided insights, with most maintaining a Neutral or equivalent rating and adjusting price targets. The company's FY25 revenue guidance was slightly below consensus, but its cash flow guidance exceeded expectations. Analysts highlighted Zoom's solid performance in the Enterprise segment and potential growth drivers, despite ongoing macro challenges.

Portfolio Pulse from Priya Nigam

February 27, 2024 | 5:31 pm

CLVT

STRC

STRL

In Tuesday's intraday session, several industrials stocks experienced significant movements. Notable gainers include Sarcos Technology, Ault Alliance, Guardforce AI Co, Jet AI, Sterling Infrastructure, and Heidrick & Struggles Intl, with increases ranging from 18.25% to 33.3%. On the losing side, Clarivate, Pineapple Energy, American Rebel Holdings, Intuitive Machines, JE Cleantech Hldgs, and NeoVolta saw declines between 10.7% and 21.3%. Sterling Infrastructure and Heidrick & Struggles Intl's movements were attributed to their Q4 earnings reports released the previous day, while Clarivate's drop was linked to its Q4 earnings report released today.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:31 pm

BBAI

CXAI

IFBD

TWKS

WETG

In Tuesday's intraday session, several Information Technology stocks experienced significant movements. CXApp, WeTrade Group, BigBear.ai Holdings, Presto Automation, DatChat, and SMX saw notable gains, with CXApp leading at an 85.2% increase. Conversely, Infobird Co, Thoughtworks Holding, Alpine 4 Holdings, Edgio, MicroCloud Hologram, and Ostin Technology Group faced declines, with Infobird Co dropping the most at 55.4%. Thoughtworks Holding's drop was attributed to its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:31 pm

SPGI

S&P Global (NYSE:SPGI) has delivered an average annual return of 18.21% over the past 10 years, outperforming the market by 7.78% on an annualized basis. With a current market capitalization of $134.34 billion, a $1000 investment in SPGI 10 years ago would be worth $5,453.76 today.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:30 pm

EXPE

GOOG

MSFT

SONY

TSLA

Bitcoin's price breakout is partly attributed to a rumor about Microsoft supporting bitcoin, though its credibility is questioned. Durable goods data indicates weakening business spending, potentially challenging the no-landing consensus. Sony and Expedia announce layoffs, while home prices remain strong. Early trade shows positive money flows in Alphabet and Tesla, with mixed or neutral flows in other major stocks and ETFs. The article suggests maintaining a balanced protection band in investment strategies.

Portfolio Pulse from The Arora Report

February 27, 2024 | 5:30 pm