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ATHM

BIDU

CANG

CVNA

KXIN

Autohome Inc. (ATHM) reported a 4% increase in net profit to 1.88 billion yuan for the last year, with sales of new energy vehicles (NEVs) soaring by nearly 82%. The company's collaboration with Baidu (BIDU) on artificial intelligence and big data aims to enhance its service offerings. Despite rising costs, Autohome's strategic investments and focus on NEVs and the used car market are positioning it for growth. Its P/S ratio significantly exceeds that of peers Cango (CANG), Kaixin Auto (KXIN), and Carvana (CVNA), indicating strong investor confidence.

Portfolio Pulse from The Bamboo Works

February 16, 2024 | 3:51 pm

DTM

DT Midstream, Inc. (NYSE:DTM) reported Q4 fiscal 2023 operating earnings of $121 million, surpassing the previous quarter's $91 million. Adjusted EPS rose to $1.24 from $0.94, beating consensus estimates of $0.92. The company also announced a 7% dividend increase to $0.735 per share and provided positive guidance for 2024 and an early outlook for 2025. DTM shares rose 4.04% to $54.55.

Portfolio Pulse from Akanksha Bakshi

February 16, 2024 | 3:50 pm

ARM

Arm Holdings' stock is trading lower following a downgrade from Buy to Neutral by Daiwa Capital.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 3:47 pm

MRVL

Recent options trading activity for Marvell Tech (NASDAQ:MRVL) shows a bearish sentiment among investors, with 58% of trades being bearish and 42% bullish. The trading volume and open interest suggest a price target range of $30.0 to $95.0. Notable options activity includes both bullish and bearish positions, with significant trades for both puts and calls. Marvell Technology, a leading fabless chip designer, currently has its stock price slightly down at $67.29, with analysts giving an average target price of $79.0. The company is approaching its next earnings release in 20 days.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:46 pm

JNJ

Recent options market activity indicates a bearish sentiment towards Johnson & Johnson (JNJ), with 75% of trades being bearish. The options trading suggests a price range of $155.0 to $165.0 for JNJ in the next three months. Analysts have mixed views, with an average price target of $199.0, but recent downgrades suggest caution. JNJ's current market price is $156.51, with a slight decrease of -0.14% and an RSI indicating potential oversold conditions. The company is preparing to divest its consumer group under the name Kenvue in 2023.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:46 pm

OXY

High-rolling investors have shown a bearish sentiment on Occidental Petroleum (NYSE:OXY), with options data revealing a significant move. Benzinga's options scanner identified 9 trades, predominantly bearish, focusing on a price band between $52.5 and $62.5. The largest trades include both bullish and bearish calls with varying strike prices and expiration dates. Occidental Petroleum, an independent exploration and production company, is currently trading at $60.38, with analysts giving an average price target of $73.0.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:46 pm

IREN

Iris Energy's shares are trading lower following the announcement of a year-over-year decrease in their Q2 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 3:40 pm

HRT

HireRight Holdings announced it has entered into a definitive agreement to be acquired by General Atlantic and Stone Point Capital, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 3:39 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 16th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It outlines potential bullish and bearish price levels for each asset, emphasizing the importance of monitoring these stocks for breakouts or reversals. The trading session is expected to be volatile due to PPI numbers, MOPEX Friday, and speeches from FOMC members. The memo is part of exclusive content offered to Market Clubhouse members, including daily market analysis and live trading insights.

Portfolio Pulse from RIPS

February 16, 2024 | 3:37 pm

QQQ

SPY

Consumer sentiment in the U.S. reached a 31-month high in February 2024, according to the University of Michigan's Consumer Sentiment Index, which rose to 79.6. This marks the third consecutive monthly increase, showcasing consumer resilience despite high interest rates. However, inflation expectations for the year ahead have slightly increased, exceeding the Federal Reserve's 2% target. U.S. stocks declined following a higher-than-expected Producer Price Index (PPI) report, with SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) experiencing drops.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 3:35 pm