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WKSP

Worksport Ltd. (NASDAQ:WKSP) has announced a new distribution partnership with Dix Performance North, a leading Canadian wholesaler of aftermarket car and truck products. This partnership aims to expand Worksport's presence across Canada by including its covers in Dix Performance North's catalog. The alliance is expected to boost sales and revenue for Worksport, following a successful showcase at an automotive show hosted by Dix Performance North. Worksport's products, particularly the AL3 Pro Hard Folding cover, received positive feedback for their quality and compatibility with major truck brands.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:05 pm

AMD

NVDA

Nvidia Corp (NASDAQ:NVDA) has significantly impacted the AI and computing industries with its H100 data center chip, adding over $1 trillion to its value. The company reported a 265% year-over-year increase in fourth-quarter revenue, reaching $22.10 billion, and an adjusted EPS of $5.16, both surpassing Street estimates. The H100 chip's demand is so high that customers face up to six-month wait times. Nvidia holds about 80% of the AI accelerator market share and is introducing new chips for the Chinese market, complying with U.S. regulations. Nvidia's stock has gained over 63% year-to-date, while Advanced Micro Devices, Inc (NASDAQ:AMD) has seen a 31% increase.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 1:01 pm

GTN

OMC

TGNA

Wall Street's most accurate analysts have provided their views on three high-dividend yielding stocks in the tech and telecom sector: TEGNA Inc. (TGNA), Omnicom Group Inc. (OMC), and Gray Television, Inc. (GTN). These stocks are considered attractive during market turbulence due to their high free cash flows and dividend payouts. Recent developments include leadership changes at TEGNA and Gray Television, and better-than-expected quarterly results for Omnicom Group.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 1:00 pm

IRM

Iron Mountain's (NYSE:IRM) short interest has decreased by 8.81% since the last report, with 10.06 million shares sold short, representing 4.14% of its float. This decrease in short interest could indicate a more bullish sentiment towards IRM among traders. The current short interest is below the peer group average of 5.06%, suggesting Iron Mountain is performing well compared to its peers in terms of market sentiment.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 1:00 pm

PHUN

Phunware's (NYSE:PHUN) short percent of float has significantly increased by 224.58% since its last report, with 40.46 million shares sold short, representing 11.49% of all shares available for trading. This increase in short interest, which is higher than its peer group average of 3.77%, can indicate a bearish market sentiment towards PHUN. However, it's also noted that increasing short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 1:00 pm

TSN

Tyson Foods (NYSE:TSN) has seen a 21.1% decrease in short interest, now at 4.69 million shares or 1.87% of float, taking 2.23 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards TSN compared to its peers, where the average short interest as a percentage of float is 5.33%. However, this does not necessarily predict a near-term price increase.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 1:00 pm

INTC

Rosenblatt analyst Hans Mosesmann reiterated a Sell rating on Intel (NASDAQ:INTC) and maintained a $17 price target.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:58 pm

CRTO

Criteo announced it is experiencing strong outcomes from its strategy aimed at becoming the preferred adtech partner for commerce media, achieving double-digit growth for the second consecutive year in 2023.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:57 pm

AXTI

AXT, Inc. (NASDAQ:AXTI) shares surged premarket after reporting Q4 financial results that exceeded expectations. Revenue reached $20.4 million, surpassing the consensus of $17.6 million and showing improvement from previous quarters. Adjusted operating expenses decreased, and the company noted a widening operating loss. Despite a year-over-year decline in adjusted EPS, AXTI highlighted a recovery in its markets, particularly in demand for indium phosphide for AI and fiber optic applications, expecting AI to drive future demand.

Portfolio Pulse from Lekha Gupta

February 23, 2024 | 12:51 pm

GRI

OSA

PBLA

SINT

The article highlights the top 4 oversold health care stocks with an RSI near or below 30, indicating potential undervaluation. These include ProSomnus, Inc. (OSA), Panbela Therapeutics, Inc. (PBLA), Sintx Technologies, Inc. (SINT), and GRI Bio, Inc. (GRI). Each company has experienced significant stock price declines recently but shows signs of potential short-term recovery.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 12:50 pm