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LAMR

Lamar Advertising (NASDAQ:LAMR) reported Q4 earnings of $1.46 per share, surpassing the $1.35 estimate, marking a 124.62% increase from last year. Sales reached $555.91M, exceeding the $547.66M estimate, up 3.81% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:01 am

UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) has expanded its Flight Training Center in Denver with a new 150,000-square-foot building, increasing its pilot training capacity. The expansion allows for training up to 240 additional pilots per day, supporting the airline's growth and its plan to add a significant number of new aircraft to its fleet. United has hired over 2,300 pilots in 2023 and plans to restart direct flights to Israel in March, being the first U.S. carrier to do so since the Gaza war in October. The airline's shares closed higher by 2.75% to $45.26.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 10:58 am

DOGEUSD

Crypto analyst Ali Martinez observes Dogecoin (DOGE) displaying price movements similar to 2020, hinting at a potential 28,000% surge. The pattern involves breaking out from a descending triangle and entering a consolidation phase. Transactional activity for Dogecoin has increased, with a notable rise in large transactions. Currently, DOGE is trading at $0.083, experiencing a slight decrease.

Portfolio Pulse from Mehab Qureshi

February 23, 2024 | 10:44 am

Block (NYSE:SQ) stock surged nearly 14% in premarket trading following its Q4 2023 earnings report, showing a 22% year-over-year rise in gross profit and robust growth in Square and Cash App revenue. The company raised its adjusted EBITDA forecast and reported significant growth in Cash App's gross profit and monthly transacting actives. The stock's surge is attributed to strategic moves including major layoffs aimed at boosting efficiency.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 10:27 am

BTC

DOGE

SHIB

TRUMP

The MAGA meme coin (CRYPTO: TRUMP) experienced a 20% increase in value, surpassing the growth of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which both rose by 2%. This surge followed former President Trump's softened stance on Bitcoin (CRYPTO: BTC), acknowledging its growing acceptance in commercial transactions. MAGA, launched on August 11, 2023, aims to 'Make Crypto Great Again' without any official ties to Trump.

Portfolio Pulse from Mehab Qureshi

February 23, 2024 | 10:07 am

AAOI

ARDX

BKNG

CAN

CPRT

INDI

MAIN

MELI

MODV

RCEL

Ardelyx, Inc. reported mixed Q4 financial results, missing EPS estimates but beating sales forecasts, leading to a 13.3% pre-market drop. Other stocks like Applied Optoelectronics, indie Semiconductor, ModivCare, Booking Holdings, MercadoLibre, Copart, AVITA Medical, Main Street Capital, and Canaan also saw pre-market declines due to various financial disappointments.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 9:50 am

NVDA

Gene Munster of Deepwater Asset Management predicts Nvidia's growth will remain high for an extended period due to AI adoption, despite the company's boom-and-bust nature. He supports the $1,000+ price targets for Nvidia, expecting the stock to surpass this within a year or two. However, he anticipates an 'epic bust' in 3-5 years, differing from analysts who foresee a correction in 2026. Nvidia's recent performance, with a 16.40% increase to $785.38, reflects strong momentum.

Portfolio Pulse from Shanthi Rexaline

February 23, 2024 | 9:42 am

ARKK

NVDA

PATH

TWLO

Cathie Wood's ARK Innovation ETF (ARKK) has not held Nvidia (NVDA) shares since early 2023, missing out on Nvidia's significant gains driven by the AI boom. Despite Wood's prediction of the AI revolution's impact on economic growth, ARK opted to invest in less obvious AI companies like UiPath (PATH) and Twilio (TWLO), considering Nvidia overpriced. Nvidia's stock has surged 57% in 2024, significantly outperforming the S&P 500 and Nasdaq 100, after reporting impressive earnings and strong guidance.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 9:17 am

KTOS

Kratos Defense & Security Solutions (KTOS) has announced the pricing of a public offering of 16,666,667 shares at $18.00 per share, expecting net proceeds of approximately $288 million. The offering includes an underwriter option for an additional 2,500,000 shares and is set to close on February 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:48 am

BWA

BorgWarner Inc. (NYSE:BWA) has advised its stockholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation, which aims to purchase up to 4 million shares at $28.80 each. This offer price is a 4.51% discount below BorgWarner's closing price on February 20, 2024, and a 5.94% discount from its closing price on February 22, 2024. The offer represents about 1.74% of BorgWarner's outstanding shares as of December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:45 am