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ES

Eversource Energy (NYSE:ES) reported Q4 FY23 revenue of $2.69 billion, missing the consensus of $3.24 billion. Adjusted EPS of $0.95 also missed the consensus of $0.97. The company announced the sale of its 50% stake in South Fork Wind and Revolution Wind to Global Infrastructure Partners, expecting to realize $1.1 billion and use it to repay debt. Eversource is also exploring the sale of its water business. Shares rose 1.10% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 11:15 am

ARYD

Adagio Medical is set to list on the Nasdaq through a business combination with ARYA Sciences Acquisition Corp IV, under the ticker symbol 'ADGM'. The transaction includes $20 million in convertible debt and $22 million in equity financing from investors.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:12 am

GBTC

HOOD

Bitcoin traders are targeting a $64,000 price point as BlackRock's iShares Bitcoin ETF (IBIT) sees a $500 million inflow in one day. The overall inflow into Bitcoin ETFs reached nearly $630 million, with IBIT leading among 11 providers. This surge in ETF interest and a decrease in outflows from Grayscale's Bitcoin Trust (GBTC) have contributed to a bullish sentiment in the market. Bitcoin's price rose over $51,000, and options traders are betting on it surpassing its all-time high of $69,000. Robinhood noted Bitcoin ETFs make up about 5% of its crypto trading volume.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 11:09 am

HPQ

HSBC analyst Stephen Bersey upgrades HP (NYSE:HPQ) from Hold to Buy and raises the price target from $30 to $33, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:08 am

SITE

SiteOne Landscape Supply (NYSE:SITE) reported Q4 earnings with losses of $(0.08) per share, surpassing the $(0.19) estimate, and sales of $965.00M, exceeding the $942.2M estimate. This represents a 300% increase in losses from the previous year but an 8.43% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:04 am

AMD

NVDA

Nvidia Corp. (NVDA) faces potential concerns despite its significant rise in 2023, with UBS analyst Timothy Arcuri noting a decrease in lead times for Nvidia's chips, suggesting potential for increased shipments and revenue. However, short seller Jim Chanos and others view this as a negative sign, indicating possible waning demand. The situation is complicated by Nvidia's strong position in the AI market, competition, and reliance on key markets like Singapore. Nvidia's upcoming quarterly earnings report on Feb. 21 may provide further insights.

Portfolio Pulse from Shanthi Rexaline

February 14, 2024 | 11:03 am

GOLD

Barrick Gold (NYSE:GOLD) reported Q4 adjusted EPS of $0.27, surpassing the $0.21 estimate, marking a 107.69% increase from last year. However, its $3.06B sales fell short of the $3.15B estimate, despite being a 10.27% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:03 am

LPX

Louisiana-Pacific (NYSE:LPX) reported Q4 adjusted EPS of $0.71, surpassing the $0.55 estimate, and sales of $658M, exceeding the $619.97M estimate. This represents a 16.39% increase in EPS and a 6.67% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:01 am

OC

Owens-Corning (NYSE:OC) reported Q4 adjusted EPS of $3.21, surpassing the $2.86 estimate, and sales of $2.30B, exceeding the $2.25B estimate. This represents a 28.92% increase in EPS and a 0.83% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:01 am

BTCUSD

Mike Novogratz, CEO of Galaxy Digital, emphasized the U.S. national debt exceeding $34 trillion as a compelling reason to invest in Bitcoin (BTC), citing the country's daily interest payment of over $2 billion. He highlighted the reluctance of countries like Russia and China to lend to the U.S., affecting Treasury purchases. Additionally, MicroStrategy's recent acquisition of 16,130 BTC under CEO Michael Saylor was praised by Novogratz.

Portfolio Pulse from Mehab Qureshi

February 14, 2024 | 11:00 am