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WDS

Woodside Energy Group reported a significant decrease in both earnings per share and sales for the fiscal year, with EPS dropping 79.46% to $0.88 from $4.26 YoY, and sales decreasing 16.79% to $13.99B from $16.82B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:49 am

NVDA

SMCI

Veteran investor Louis Navellier has highlighted Super Micro Computer Inc (SMCI) as a top pick in the AI hardware sector, surpassing NVIDIA Corp (NVDA) in performance. Super Micro's shares have surged over 200% this year, outperforming Nvidia's 59% increase. Navellier's endorsement comes amid significant shifts in the AI hardware market, with Super Micro's potential underlined by a Bank of America buy rating and a price target suggesting a 21% upside. Despite concerns of a tech bubble, Navellier's confidence in Super Micro suggests strong investment opportunities in the sector.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 6:28 am

CAVA

Cava Group (NYSE:CAVA) reported a significant improvement in Q4 earnings, posting $0.02 EPS, up from a loss of $(13.72) YoY. Sales reached $177.17M, exceeding the $174.29M estimate and marking a 36.36% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:24 am

ADTN

Adtran (NASDAQ:ADTN) reported a significant miss in Q4 adjusted EPS at $(1.09) versus the $(0.11) estimate and a slight miss in sales at $225.48M against the $228.30M estimate. This represents a drastic decrease in earnings and a 37.06% drop in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:14 am

LOW

Lowe's Companies, Inc. (NYSE:LOW) is anticipated to report lower earnings for Q4 before the opening bell on Feb. 27, 2024, with expected earnings of $1.68 per share compared to $2.28 per share a year ago, and projected quarterly revenue of $18.45 billion down from $22.45 billion. The company recently appointed Margi Vagell as executive vice president, supply chain. Analysts have mixed views, with ratings ranging from Market Perform to Overweight and price targets between $215 and $265.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 5:50 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing shareholder proposals seeking transparency on AI use ahead of its annual meeting. The board advises against these proposals, citing competitive risks. Proposals also cover gender pay gaps, privacy, and human rights. Apple asserts it has provided sufficient transparency on AI and machine learning use.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 5:45 am

BTCUSD

Glassnode founders Jan Happel and Yann Allemann predict Bitcoin (BTC) is on the verge of breaking its all-time high, with an immediate target of $57,000. They noted that Bitcoin's momentum has been increasing since February 15, indicating a strong upward movement.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 5:33 am

JPM

JPMorgan CEO Jamie Dimon expressed concerns about a potential U.S. recession at the JPMorgan High Yield and Leveraged Finance Conference, citing factors like the market's optimistic 'soft landing' pricing, Federal Reserve's quantitative tightening, and fiscal spending deficits. Despite these concerns, Dimon does not foresee systemic issues or a crisis akin to 2008 but warns of possible real estate problems and challenges for some banks if a recession occurs. He also mentioned the impact of fintech competition and regulatory burdens on traditional banks but remains optimistic about AI's potential.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 4:57 am

BTCUSD

ETHUSD

The cryptocurrency market experienced significant liquidations, with $364 million liquidated across platforms like Binance and Bybit, primarily affecting short sellers of Bitcoin and Ethereum. Bitcoin's price surge led to the liquidation of $158 million in Bitcoin shorts and $44 million in Ethereum shorts. Analyst Crypto Rover warns that over $1 billion in Bitcoin short positions could be liquidated if Bitcoin reaches $52,200. Ethereum's price also surged, reaching a peak of $3,273. The Bitcoin Fear and Greed Index hit a one-year high of 79.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 4:14 am

AAPL

NFLX

Netflix Inc. has ceased billing through Apple Inc. for its long-term subscribers, requiring them to pay directly. This affects basic plan members previously using iTunes for payments, potentially leading to a price hike from the old $9.99 rate.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 4:06 am