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Stock Prices

NVDA

U.S. markets closed higher on Friday, led by Nvidia and a tech rally, despite a drop in ISM manufacturing PMI and consumer sentiment. Asian markets were mixed, with Japan's Nikkei reaching a record high. European markets and U.S. futures saw declines. Commodities showed mixed performance with crude oil slightly down and natural gas up. Nvidia's performance stands out due to the growing demand for artificial intelligence.

Portfolio Pulse from Akanksha Bakshi

March 04, 2024 | 12:29 pm

ENTG

Entegris has revised its Q1 FY2024 sales forecast to $755M-$775M, down from the previous guidance of $770M-$790M and below the consensus estimate of $787.03M.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:16 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are down over 1% in premarket trading due to disappointing sales figures in China for February. The company sold 60,365 electric vehicles, marking a 15.51% sequential drop and an 18.9% year-over-year decline. This underperformance is attributed partly to the timing of the Chinese New Year holidays. Comparatively, Chinese EV startups Li Auto, Nio, XPeng, and BYD also reported declines, with Tesla's drop being less steep. Concerns are raised about Tesla's Q1 sales, with challenges noted in the U.S., China, and Europe.

Portfolio Pulse from Shanthi Rexaline

March 04, 2024 | 12:06 pm

LNSR

LENSAR (NASDAQ:LNSR) reported Q4 earnings with a per-share loss of $(0.35), missing the $(0.22) estimate, and sales of $12.11M, slightly above the $12.00M estimate. This represents a decrease in earnings and an increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:02 pm

FLT

Fleetcor Technologies (NYSE:FLT) has been analyzed by 9 analysts, showing a mix of ratings from bullish to indifferent. The average 12-month price target is $313.22, up 5.9% from the previous $295.78. Analyst actions include both raises and lowers in ratings and price targets. Fleetcor offers specialized payment products and has seen a -3.46% revenue decline in the last 3 months, with a high net margin of 27.3% but a high debt-to-equity ratio of 2.05.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 12:00 pm

QDEL

QuidelOrtho (NASDAQ:QDEL) has received mixed analyst ratings over the past three months, with a notable shift towards a bearish outlook in the last 30 days. The average 12-month price target has been lowered to $73.00 from $100.17, indicating a 27.12% decrease. Analysts from firms including UBS, RBC Capital, Raymond James, JP Morgan, and Citigroup have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Despite a slight decline in revenue growth, QuidelOrtho maintains strong financial health with exceptional net margin, ROE, and ROA, and a sound debt management strategy.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 12:00 pm

COST

Costco Wholesale (NASDAQ:COST) has been evaluated by 21 analysts over the last three months, showing a diverse range of opinions. The average 12-month price target for COST has increased by 8.92% to $698.24. Analysts have frequently updated their ratings, with many raising their price targets, reflecting a positive outlook on the company's performance. Costco's financials indicate strong market position, revenue growth, profitability, and efficient use of equity and assets, with a low dependency on debt financing.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 12:00 pm

SOHU

The board of Sohu.Com has authorized an increase in its previously announced share repurchase program, raising the limit from up to $80 million to up to $150 million of its outstanding American Depositary Shares (ADSs).

Portfolio Pulse from Charles Gross

March 04, 2024 | 11:59 am

BTCUSD

DOGEUSD

SHIBUSD

Bitcoin reached a new all-time high against the euro, while the memecoin market, including Dogecoin, Shiba Inu, and PepeCoin, saw significant gains. The memecoin market cap hit $53.1 billion, a 17% increase in 24 hours. Solana's BONK and other memecoins like Pepemon Pepeballs and Popcat also experienced substantial rises. Bitcoin's value against the euro surpassed €60,000, marking a historic moment and a 56% year-to-date increase.

Portfolio Pulse from Murtuza Merchant

March 04, 2024 | 11:56 am

ADC

SPHR

WES

Insiders at Western Midstream Partners, Sphere Entertainment, and Agree Realty have made significant stock purchases, indicating confidence in their companies' prospects. These transactions suggest potential growth or undervaluation, making them noteworthy for investors.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 11:55 am