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ARM

ARM Holdings (NASDAQ:ARM) has seen a significant bearish trend in its options trading, with 66% of trades showing bearish sentiment. The trading window is expected between $75.0 to $180.0. The company, a major player in smartphone CPU cores, has seen its stock price increase by 11.69% to $134.0. Analysts have set an average price target of $95.0, with varying ratings from Overweight to Neutral. The next earnings report is expected in 91 days.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 4:46 pm

CVNA

Deep-pocketed investors have shown unusual options activity in Carvana (NYSE:CVNA), with a bullish sentiment prevailing among 63% of them. The activity highlighted by Benzinga's options scanner includes 11 significant trades, with 7 calls totaling $512,414 and 4 puts at $173,756. These trades suggest a price target range for CVNA between $45.0 and $75.0 over the next three months. Currently, CVNA's stock is up 2.46% at $53.25, with an RSI indicating it may be approaching overbought territory. An analyst from JMP Securities has recently downgraded CVNA to Market Outperform with a price target of $60.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 4:45 pm

AMAT

Applied Materials Inc (NASDAQ:AMAT) is set to report its Q1 earnings on Feb. 15, with Wall Street expecting $1.91 EPS and $6.48 billion in revenues. Technical analysis shows a strongly bullish trend, with the stock price above its 5, 20, and 50-day exponential moving averages and simple moving averages, indicating strong buy signals. The MACD and Bollinger Bands indicators also support a bullish outlook. Analyst consensus rates AMAT as a Buy with a price target of $144.16, despite the stock trading around $180.31 as of Feb. 13.

Portfolio Pulse from Surbhi Jain

February 14, 2024 | 4:43 pm

MLM

Martin Marietta Materials Inc (NYSE:MLM) reported Q4 FY23 results with an 8.9% Y/Y revenue increase to $1.608 billion, missing consensus by a slight margin but beating EPS expectations with $4.63 vs. $3.99 consensus. The company saw a significant improvement in gross profit and margin, and despite a decrease in aggregates shipments, pricing increased. FY24 guidance was provided with expected total revenues and adjusted EBITDA below consensus. Additionally, MLM announced a $2.05 billion acquisition of operations from BWI Southeast.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 4:43 pm

CETY

Trading of Clean Energy Technologies (CETY) shares has resumed after a temporary halt. This development is crucial for investors monitoring the stock's performance in the clean energy sector.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:38 pm

ANEB

Anebulo Pharmaceuticals, Inc. (NASDAQ:ANEB) reported a narrowed net loss for Q2 2024 and progress on its drug for acute cannabinoid intoxication (ACI), selonabant. The company's Q2 net loss was $2.7 million, down from $3.8 million in the same period last year, with total operating expenses decreasing to $2.8 million from $3.8 million. Anebulo received positive feedback from the FDA on its ANEB-001 drug for ACI, indicating a potential path for a new drug application. Shares of Anebulo traded 4.8780% higher at $2.58 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

February 14, 2024 | 4:37 pm

CETY

Shares of Clean Energy Technologies (CETY) were halted due to a circuit breaker trigger after surging 90.7%. The significant increase in stock price led to a temporary trading halt to manage volatility.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:34 pm

NSC

Over the past 20 years, Norfolk Southern (NYSE:NSC) has delivered an average annual return of 15.26%, outperforming the market by 7.66%. A $1000 investment in NSC 20 years ago would be worth $16,963.09 today. The company currently has a market capitalization of $56.47 billion.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 4:31 pm

AMD

Over the past 15 years, Advanced Micro Devices (NASDAQ:AMD) has significantly outperformed the market, with an annualized return of 34.2%, turning a $100 investment into $7,944.77. The company's market capitalization stands at $280.42 billion.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 4:31 pm

FAF

First American Financial (NYSE:FAF) has seen a decrease in short interest, now at 1.14 million shares or 1.15% of float, down 8.73% from the last report. It would take 1.93 days to cover short positions. This decline in short interest could indicate a more bullish sentiment towards FAF compared to its peers, where the average short interest as a percentage of float is 1.72%.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 4:30 pm