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SEDG

SolarEdge Technologies Inc (NASDAQ:SEDG) shares dropped after issuing weak Q1 guidance, with analysts highlighting concerns over structural issues, high fixed costs, and inventory challenges. Price targets were adjusted by several analysts, reflecting a cautious outlook on the company's near-term performance.

Portfolio Pulse from Priya Nigam

February 21, 2024 | 6:46 pm

TTD

Trade Desk (NASDAQ:TTD) has seen significant options market activity, with a mix of bullish and bearish sentiments among big-money traders. The options scanner revealed 12 uncommon trades, evenly split between bullish and bearish. The focus is on a price range of $50.0 to $95.0. The company, known for its digital ad inventory platform, has experienced a 43% average annual revenue growth since going public in 2016. Currently, the stock is down -1.6% at $81.24, with mixed analyst ratings ranging from a sell to overweight, and target prices between $42 and $110.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:45 pm

NET

Cloudflare (NYSE:NET) has seen a balanced mix of bullish and bearish options trading activity, with significant investors targeting a price range of $80.0 to $130.0 over the next three months. The trading volume and open interest for Cloudflare's options have been analyzed, revealing notable trades and sentiments. Cloudflare's current trading volume is 2,000,262, with a price decrease of -4.1%, and an RSI indicating a potential overbought situation. Professional analysts have set an average price target of $110.4 for Cloudflare, with varying ratings from Neutral to Buy.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:45 pm

WGS

GeneDx shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 6:33 pm

AAPL

AMZN

INTC

MSFT

Amazon.com Inc (NASDAQ:AMZN) is set to join the Dow Jones Industrial Average on Feb. 26, causing its stock to trade higher. Historical examples like Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), and Intel (NASDAQ:INTC) show that joining the DJIA might lead to initial stagnant stock performance before significant growth. However, Amazon's current technical setup suggests a favorable outlook, with indicators like the 50-day and 200-day SMAs supporting a 'Buy' signal. Investors are advised to be cautious due to the mixed historical performance of tech stocks upon Dow inclusion.

Portfolio Pulse from Surbhi Jain

February 21, 2024 | 6:31 pm

VFC

VF Corporation's (NYSE:VFC) short interest has increased by 10.25% since the last report, with 29.00 million shares sold short, representing 8.39% of its available shares. This indicates a bearish market sentiment towards VFC, although it doesn't necessarily predict a near-term price drop. VF's short interest is slightly above its peer group average of 8.19%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:30 pm

ELF

e.l.f. Beauty (NYSE:ELF) has significantly outperformed the market with an annualized return of 66.58% over the past 5 years, leading to an average annual return of 78.73%. A $100 investment in ELF 5 years ago would now be worth $1,829.42. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:30 pm

GS

Goldman Sachs Gr (NYSE:GS) has seen a decrease in short interest, with the short percent of float falling 7.46% since the last report, now at 1.24% of all shares available for trading. This decline in short interest could indicate a more bullish sentiment towards GS among investors. The company's short interest is also lower than its peer group average of 4.90%, suggesting it may be performing better than its peers in this aspect.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:30 pm

ODFL

Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market with an average annual return of 32.15% over the past 15 years, turning a $100 investment into $6,314.35 today. The company currently has a market capitalization of $45.87 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:30 pm

HD

Home Depot's (NYSE:HD) short interest has increased by 8.25% since the last report, with 10.43 million shares sold short, representing 1.05% of its float. It would take approximately 3.28 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards HD, although it has less short interest compared to its peers, with an average of 6.07% in the peer group.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:30 pm