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YETI

YETI Holdings, Inc. (NYSE:YETI) shares dropped after reporting Q4 earnings and sales below expectations. Despite a 16% increase in Q4 net sales and significant growth in Drinkware and International sales, the company missed the street view with earnings per share of 90 cents against an expected 96 cents, and net sales of $519.79 million against an expected $535.95 million. The company also announced a $300 million stock repurchase program and provided a fiscal 2024 outlook with adjusted sales expected to increase by 7% to 9% and adjusted EPS between $2.45 and $2.50, below the estimated $2.68.

Portfolio Pulse from Nabaparna Bhattacharya

February 15, 2024 | 3:41 pm

VOD

A significant option activity was observed for Vodafone Group (VOD) with a sweep of 1990 calls for the April 19 expiration at a $10 strike price, priced at $0.13, against an open interest of 90,626. The activity occurred with VOD's stock reference price at $8.505.

Portfolio Pulse from Charles Gross

February 15, 2024 | 3:41 pm

ESTC

Elastic shares surged following Scotiabank's initiation of coverage with a Sector Outperform rating and a $185 price target.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:40 pm

SNOW

Snowflake shares are trading lower following a downgrade by HSBC from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:39 pm

TRGP

Targa Resources shares are trading higher following the announcement of better-than-expected Q4 revenue results and positive FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:39 pm

EQIX

Equinix shares are trading higher following the report of their Q4 earnings, indicating a positive market response to the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:38 pm

ROL

Rollins, Inc. (ROL) shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:36 pm

ALB

Albemarle's shares have seen an increase following the announcement of their Q4 revenue results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:35 pm

CHAA

Catcha Investment Corp (NYSE:CHAA) and Crown LNG Holdings AS announced the SEC's effectiveness of their Registration Statement for a proposed business combination. A special meeting for Catcha shareholders to approve the deal is scheduled for March 6, 2024. The combination aims to leverage Crown's LNG infrastructure solutions in harsh weather locations, with the combined company's shares and warrants expected to trade under new ticker symbols 'CGBS' and 'CGBSW'. The deal highlights the growing demand for LNG and aims to provide stable, long-term returns to investors.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:33 pm

CVE

Cenovus Energy's stock price increased following the announcement of their Q4 revenue results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:33 pm