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DTSS

Datasea Inc.'s shares were halted due to a circuit breaker triggered by a downside movement, despite the stock being up 17.9%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:53 pm

INOD

Wolfpack Research has issued a report on Innodata Inc. (NASDAQ:INOD), criticizing its AI claims as 'smoke and mirrors' and highlighting its reliance on manual data-entry and offshore labor. The report details INOD's low R&D spend, financial struggles, and insider stock sales, suggesting the company's stock will revert to its historical levels due to its inability to pivot to AI. It contrasts INOD's performance and investment in AI with that of its competitors and major tech companies, concluding that INOD's AI claims are misleading.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:52 pm

AUPH

Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) reported a Q4 2023 EPS loss of $(0.19), missing consensus estimates. Sales beat expectations at $45.1 million. The company will discontinue AUR200 and AUR300 R&D programs, expecting to save $50-$55 million annually. A strategic review found no buyers, leading to a $150 million stock buyback program. Aurinia reaffirms its 2024 revenue guidance of $200-$220 million. AUPH shares dropped 28.70% to $5.68.

Portfolio Pulse from Vandana Singh

February 15, 2024 | 2:51 pm

GOLD

Barrick Gold Corp (NYSE:GOLD) faces a technical bearish signal, the Death Cross, indicating potential downward trends despite strong Q4 earnings. The company outperformed expectations with $3.06 billion in revenue, increased gold and copper production, and an adjusted EPS of 27 cents. However, the stock has underperformed compared to gold spot prices and the S&P 500, with a 21% decline over the past year and a 22% drop YTD. Analysts remain optimistic, with BMO Capital setting a one-year price target of $27, suggesting a 90.27% upside.

Portfolio Pulse from Surbhi Jain

February 15, 2024 | 2:50 pm

PLCE

Shares of Children's Place (PLCE) were halted on a circuit breaker due to a significant upward movement, with the stock now up 101.4%. This dramatic increase suggests a major positive development or investor sentiment shift regarding the company's prospects.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:49 pm

GOOG

GOOGL

MSFT

Alphabet Inc's (GOOG, GOOGL) shares dropped following reports that OpenAI, backed by Microsoft (MSFT), plans to develop a web search tool to compete with Google. OpenAI's new product may use Microsoft's Bing, challenging Google's dominant market position. Google's search engine significantly contributes to its revenue, with $48.02 billion in the fourth quarter, highlighting the potential impact of competition.

Portfolio Pulse from Adam Eckert

February 15, 2024 | 2:48 pm

CRWD

High-rolling investors have shown a bullish sentiment on CrowdStrike Holdings (NASDAQ:CRWD), with options trading data revealing a significant interest in the stock. Benzinga's options scanner identified 9 notable trades, with a majority being bullish. The trades suggest a price target range of $120 to $400 for CRWD. The company, known for its cloud-based cybersecurity solutions, has seen its stock price slightly increase by 0.26% to $335.43, with an upcoming earnings announcement in 19 days.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:47 pm

INTC

Financial giants have shown a mixed sentiment on Intel (NASDAQ:INTC), with options trading evenly split between bullish and bearish. Analysis of 14 unusual trades reveals a balance, with 2 puts and 12 calls. The trades suggest a price window of $21.0 to $50.0 for Intel. The largest trades include both bearish and bullish positions, with significant open interest and volume in options. Intel, a leading chipmaker, is currently trading at $44.86, up 1.52%, with an RSI indicating a neutral position. The anticipated earnings release is in 70 days.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:47 pm

MSTR

Whales have shown a mixed sentiment on MicroStrategy (NASDAQ:MSTR), with a bearish lean in their options trading. Benzinga's options scanner revealed 35 unusual trades, indicating a price target range of $200 to $1200 for MSTR. The volume and open interest analysis suggests significant activity in both calls and puts, with a notable split in sentiment. Currently, MSTR's stock is up by 2.87% at $792.0, potentially indicating an overbought condition. The company is expected to release earnings in 74 days.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:47 pm

ARCC

GBDC

MHLD

NTB

RF

The article highlights notable value stocks in the financial services sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Maiden Holdings, Bank of N.T Butterfield, Golub Capital BDC, Regions Financial, and Ares Capital are featured for their attractive P/E ratios and recent financial performances, including changes in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:47 pm