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CRWD

PANW

CrowdStrike Holdings Inc (CRWD) shares fell in response to weak guidance from cybersecurity peer Palo Alto Networks Inc (PANW), which reported lower than expected future revenue and earnings forecasts. Palo Alto's soft guidance for Q3 and the full year 2024 led to a more than 25% drop in its shares, affecting the broader cybersecurity sector. CrowdStrike, which has not yet reported its Q4 earnings, saw its shares drop by 10.7%. Despite this, analysts remain optimistic about CRWD, with expectations of a significant rise in the stock price.

Portfolio Pulse from Adam Eckert

February 21, 2024 | 2:37 pm

RPM

Over the past 20 years, RPM Intl (NYSE:RPM) has produced an average annual return of 10.09%, outperforming the market by 2.57% annually. A $100 investment in RPM 20 years ago would be worth $673.52 today. RPM Intl currently has a market capitalization of $14.03 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:30 pm

ICE

Intercontinental Exchange (NYSE:ICE) has significantly outperformed the market over the past 15 years, with an average annual return of 17.72%, turning a $100 investment into $1,159.92 today. The company currently has a market capitalization of $78.12 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:30 pm

LI

SDA

Li Auto Inc. (NASDAQ:LI) shares are up in premarket trading after announcing a business cooperation pact with SunCar Technology Group Inc. (NASDAQ:SDA) to develop 'Li Auto Insurance's Broker System.' This system aims to enhance technological advancement and operational efficiency in the insurance industry, with completion expected by November 15, 2024. SunCar will provide design, development, operational support, and lifelong maintenance for the system.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 2:29 pm

GRMN

Garmin Ltd (NYSE:GRMN) stock rose after reporting Q4 results with revenue growth of 13% Y/Y to $1.48 billion, surpassing the consensus of $1.42 billion. Proforma EPS was $1.72, beating the consensus of $1.40. The company saw growth in Fitness, Outdoor, and Marine segments, while Aviation declined. Garmin announced a dividend of $3.00 per share and authorized a $300 million share repurchase. FY24 revenue is expected to be $5.75 billion, above consensus, but projected EPS of $5.40 is below consensus. GRMN shares were up 5% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 2:23 pm

BRK-B

JPM

SLB

TM

On CNBC's 'Halftime Report Final Trades,' experts highlighted their top stock picks including Berkshire Hathaway (BRK-B, BRK-A), Schlumberger (SLB), Toyota Motor (TM), and JPMorgan Chase (JPM). Berkshire Hathaway received a price target increase from UBS, Schlumberger reiterated strong FY24 guidance, Toyota's small-car unit leaders resigned over misconduct, and JPMorgan's diversified portfolio was praised. The stocks showed varied price movements in the latest session.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 2:22 pm

LYT

Lytus Technologies Holdings PTV. Ltd. (LYT) announced a 1-for-60 reverse stock split effective February 23, 2024, to maintain its Nasdaq listing by addressing the minimum bid price requirement. Shareholders will receive whole shares for fractional entitlements, and the total issued shares will reduce from 93,679,260 to approximately 1,561,321. The reverse split aims to regain compliance with Nasdaq's $1.00 per share minimum bid price rule.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:20 pm

GASS

StealthGas (NASDAQ:GASS) reported Q4 earnings with an EPS of $0.29, missing estimates by 3.33% and a revenue decrease of $8.59 million from the previous year. Despite beating EPS estimates in the past three quarters, this quarter's miss and revenue decline could impact investor sentiment.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:20 pm

ASML

NVDA

SSNLF

TSM

Samsung Electronics Co has sold its entire stake in ASML Holding NV to focus on expanding its chipmaking capabilities. The sale of about 1.58 million shares, a 0.4% stake, was part of Samsung's strategy to enhance its competitive position in the global semiconductor industry, particularly against SK Hynix Inc and Taiwan Semiconductor Manufacturing Co. Samsung's divestiture from ASML, valued at approximately $930 million, aligns with its efforts to lead in high-bandwidth memory chips, crucial for Nvidia Corp's AI accelerators.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 2:19 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) announced its preliminary unaudited Q4 financial results, expecting a reduced net loss of $750,000 from $2.1 million in Q3 and a gross profit increase of 105% to $1.9 million. The company anticipates the lowest net cash burn in its history and aims for cashflow break-even in the second half of 2024. Agrify's shares rose 1.58% in pre-market trading.

Portfolio Pulse from Jelena Martinovic

February 21, 2024 | 2:18 pm