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RIVN

UBS analyst Joseph Spak downgraded Rivian Automotive (RIVN) from Buy to Sell and reduced the price target from $24 to $8.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:21 am

BTCUSD

Caleb Hammer, a personal finance YouTuber, had a guest named Racso, a 24-year-old vedic astrologer from Austin, Texas, who lost most of his $440,000 in cryptocurrency holdings following the collapse of the FTX platform and Terra/Luna cryptocurrency. Racso, who initially invested $40,000 in 2020, attributes his financial downturn to astrological events. He now faces financial difficulties, relying on credit cards for living expenses and refusing conventional employment. Bitcoin was trading at $51,050, up 0.35% over the past 24 hours.

Portfolio Pulse from Mehab Qureshi

February 23, 2024 | 11:20 am

PEN

JP Morgan analyst Robbie Marcus downgrades Penumbra (NYSE:PEN) from Overweight to Neutral and lowers the price target from $284 to $250, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:17 am

AAOI

B. Riley Securities analyst David Kang downgraded Applied Optoelectronics (AAOI) from Buy to Neutral and reduced the price target from $22 to $16.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:14 am

KIND

Nextdoor Holdings reported preliminary Q4 results, with revenue reaching $56M, surpassing the initial guidance of $50M-$52M.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:11 am

NTR

JP Morgan analyst Jeffrey Zekauskas downgraded Nutrien (NYSE:NTR) from Neutral to Underweight and reduced the price target from $58 to $48.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:11 am

NVDA

Jim Chanos, a notable short-seller, raised concerns about Nvidia Corp.'s (NASDAQ:NVDA) dependency on the Magnificent 7 companies for its operating cash flow, suggesting that most of it comes from their capital expenditures. This comes amid discussions on the sustainability of Nvidia's growth, fueled by the AI boom. Speculation exists around whether companies like Meta Platforms or Microsoft, significant Nvidia customers, will continue their high level of GPU spending. Nvidia's stock rose 2.03% in premarket trading following its strong Q4 results.

Portfolio Pulse from Shanthi Rexaline

February 23, 2024 | 11:09 am

LAMR

Lamar Advertising projects its FY24 EPS to be between $5.02 and $5.07, below the estimated $5.19, and its AFFO per share to range from $7.67 to $7.82, closely aligning with the estimated $7.79.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:05 am

NWN

Northwest Natural has reaffirmed its long-term EPS growth rate target of 4% to 6% compounded annually from 2022 through 2027, indicating confidence in its financial strategy and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:05 am

NWN

Northwest Natural Holding (NWN) reported Q4 earnings of $1.21 per share, missing the $1.27 estimate, and sales of $355.71M, missing the $360.31M estimate. This represents an 11.03% decrease in earnings and a 5.21% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:03 am