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GSHD

Goosehead Insurance's shares dropped following the announcement of disappointing Q4 financial results and a revenue forecast for FY24 that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:41 pm

NKLA

RIVN

Nikola Corp reported Q4 earnings with sales of $11.53 million, missing the consensus of $12.64 million but showing growth from $5.46 million a year ago. The adjusted EPS loss of $(0.11) beat the consensus loss of $(0.13). Production slowed with 42 trucks produced versus 133 a year ago, but shipments increased to 35 from 20. Nikola secured 225 additional voucher requests for hydrogen fuel cell electric trucks and opened its first HYLA modular refueling station. The company's gross loss widened, but adjusted EBITDA loss improved. Nikola's cash position remains strong with $464.7 million in cash and equivalents. Leadership changes were noted with Stephen Girsky becoming the acting CFO. Nikola's stock has lost 14% YTD, outperforming Rivian's 44% loss. NKLA shares dropped 0.78% to $0.6972.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 3:36 pm

BLDR

Builders FirstSource shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided guidance for FY24, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:35 pm

IPWR

Ideal Power Inc. shares surged following the announcement of the successful completion of Phase II deliverables under a product development agreement with Stellantis. This marks a significant milestone in their collaboration, potentially leading to further advancements and commercial opportunities.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:33 pm

OM

Outset Medical's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:31 pm

ETSY

Etsy Inc (NASDAQ:ETSY) shares fell after Q4 results, despite beating sales and earnings expectations, due to a subdued outlook and soft January performance. Analysts from Wedbush, Needham, Oppenheimer, and KeyBanc Capital Markets provided mixed reviews, focusing on buyer growth, fee expansion, and competitive challenges. Price targets ranged from $80 to $95, with ratings from Neutral to Buy.

Portfolio Pulse from Priya Nigam

February 22, 2024 | 3:31 pm

LRCX

Deep-pocketed investors have shown a bearish sentiment towards Lam Research (NASDAQ:LRCX), with unusual options activity detected. The activity includes 19 extraordinary options, with a divided sentiment among investors: 47% bullish and 52% bearish. Notable options trades include both calls and puts, with a focus on a price band between $800.0 and $1280.0. Lam Research, a leading semiconductor wafer fabrication equipment manufacturer, has seen its stock price increase by 3.11%, reaching $929.99. Analyst ratings for LRCX remain positive, with a consensus target price of $917.8.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:31 pm

ASML

ASML Holding (NASDAQ:ASML) has seen a notable options trading activity, with an equal split between bullish and bearish sentiments among traders. Analysis of 20 unusual trades revealed 16 calls valued at $1,035,598 and 4 puts worth $191,330. The expected price window for ASML is between $780.0 and $1020.0. The company, a leader in photolithography systems for semiconductor manufacturing, has seen its stock price increase by 4.28% to $947.06, with a high trading volume and an RSI indicating potential overbought conditions. The next earnings report is due in 55 days.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:30 pm

FCFS

Over the past 20 years, FirstCash Hldgs (NASDAQ:FCFS) has produced an average annual return of 12.11%, outperforming the market by 4.46% annually. A $100 investment in FCFS 20 years ago would be worth $978.37 today. FirstCash Hldgs currently has a market capitalization of $5.29 billion.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:30 pm

DECK

Deckers Outdoor (NYSE:DECK) has significantly outperformed the market with an annualized return of 25.7% over the past 20 years, turning a $1000 investment into $94,567.19 today. The company's market capitalization stands at $22.41 billion.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:30 pm