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CRWD

CrowdStrike Holdings (NYSE:CRWD) has seen a 16.01% decrease in short interest, now at 6.16 million shares or 2.78% of float, taking 1.9 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards CRWD compared to its peers, where the average short interest as a percentage of float is 4.10%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:30 pm

VZIO

WMT

VIZIO Holding Corp (VZIO) shares surged in premarket trading after announcing its acquisition by Walmart Inc (WMT) for $11.50 per share, valuing the company at approximately $2.3 billion. The deal, approved by VIZIO's Board, allows VIZIO to seek a superior offer within 45 days. Walmart anticipates the acquisition to be slightly dilutive to EPS in the short term but aims to enhance its smart TV and advertising capabilities through VIZIO's SmartCast OS.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 2:29 pm

COSM

Cosmos Health announced that its CEO, Greg Siokas, purchased 60,000 shares of the company in the open market on February 16. This move demonstrates a strong vote of confidence in the company's future prospects by its leadership.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:28 pm

HD

Home Depot reported a decrease in total company comp sales by 3.2% and U.S. comp sales by 3.5% for the year. In Q4, the gross margin was approximately 33.1%, a decrease of 20 basis points from the previous year. The annual gross margin was around 33.4%, down 15 basis points, aligning with expectations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:26 pm

MDT

Medtronic Plc (NYSE:MDT) reported a 4.7% Y/Y increase in Q3 2024 sales to $8.1 billion, slightly above the consensus of $7.95 billion. The company announced exiting its unprofitable ventilator product line to focus on profitable growth in its newly combined Acute Care and Monitoring unit. Medtronic also raised its FY 2024 sales growth guidance to 4.75%-5% and adjusted EPS guidance to $5.19-$5.21, surpassing previous estimates and consensus. Shares rose 2.82% in premarket trading.

Portfolio Pulse from Vandana Singh

February 20, 2024 | 2:24 pm

SBUX

The Strategic Organizing Center (SOC), a shareholder of Starbucks Corporation (NASDAQ:SBUX), released an investor presentation advocating for board changes at Starbucks. The presentation criticizes the current board's handling of labor issues, resource allocation, and the resulting negative impact on shareholder value. The SOC has nominated three individuals with diverse leadership experience for election to the board, aiming to address these issues and improve the company's approach to labor relations and overall performance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:24 pm

GXAI

Gaxos.AI Inc (NASDAQ:GXAI) shares dropped 20.8% to $0.56 due to potential profit-taking after announcing an AI solution for game developers. The new service, aimed at streamlining creative asset development, supports Unity and plans for Unreal Engine support. The drop follows a recent high, with GXAI's 52-week range being $0.18 to $1.60.

Portfolio Pulse from Henry Khederian

February 20, 2024 | 2:24 pm

VZIO

WMT

Walmart Inc (NYSE:WMT) reported a Q4 FY24 net sales increase of 5.7% Y/Y to $173.39 billion, surpassing consensus estimates. Adjusted EPS was $1.80, also beating expectations. The company announced a dividend hike and an acquisition of VIZIO Holding Corp (NYSE:VZIO) for approximately $2.3 billion. Walmart's U.S. operations saw significant growth, with eCommerce sales up 17%. The company expects Q1 consolidated net sales growth of 4.0% to 5.0% and adjusted EPS of $1.48 - $1.56. FY25 projections include net sales growth of 3.0% to 4.0% and adjusted EPS of $6.70 - $7.12.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 2:21 pm

IPWR

Ideal Power Inc (NASDAQ:IPWR) has started commercial shipments of its SymCool Power Modules, targeting applications in switchgear, renewable energy, EVs, and more. The company anticipates forming major OEM partnerships and custom development agreements later this year, with sales expected to ramp up in the second half of 2024. CEO Dan Brdar highlighted the efficiency benefits of their B-TRAN technology and the company's progress on its commercialization roadmap.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 2:20 pm

HSY

Hershey has reaffirmed its financial expectations for the year 2024, indicating confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:18 pm