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WM

Waste Management (NYSE:WM) is scheduled to release its quarterly earnings report on February 12, 2024, with an expected EPS of $1.53. Historically, the company has shown mixed results in beating EPS estimates, with a notable 6.1% share price increase following last quarter's earnings beat. Shares are currently trading at $189.49, marking a 24.03% increase over the last year. Investors are keenly awaiting the report and guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

CDNS

Cadence Design Systems (CDNS) reported a decrease in short interest, with 2.75 million shares sold short, representing 1.34% of available shares. This marks a 4.96% decline in short interest since the last report. The current short interest is below the peer group average of 3.12%. Short interest is a measure of market sentiment, and a decrease suggests a more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) has significantly outperformed the market with an average annual return of 19.75% over the past 5 years, turning a $100 investment into $257.20 today. The company's market capitalization stands at $59.17 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

AMT

Over the past 20 years, American Tower (NYSE:AMT) has produced an average annual return of 14.78%, outperforming the market by 7.21% annually. With a current market capitalization of $90.27 billion, a $1000 investment in AMT 20 years ago would be worth $15,755.90 today.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

GLOB

Globant's (NYSE:GLOB) short interest has decreased by 24.77% since the last report, with 691 thousand shares sold short, representing 1.67% of its float. This decrease in short interest could indicate a more bullish sentiment towards GLOB. Compared to its peers, Globant has a lower short interest percentage of float, with the average being 2.00%. This information suggests that the market sentiment towards Globant might be more positive than for its peers.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

MUSA

Murphy USA (NYSE:MUSA) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for MUSA has increased to $424.5, reflecting a 10.55% rise from the previous target. Analysts from Wells Fargo, Stephens & Co., RBC Capital, and Jefferies have adjusted their ratings and price targets, indicating a positive outlook on the company's performance. Despite a -12.57% decline in revenue growth as of December 31, 2023, Murphy USA's financial health remains strong, with notable net margin, ROE, and ROA figures.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

FNB

F N B Corporation's (NYSE:FNB) short interest has increased by 3.6%, with 10.24 million shares sold short, representing 3.74% of its float. This indicates a bearish market sentiment, as it takes traders approximately 5.52 days to cover their short positions. Despite this, an increase in short interest can sometimes be bullish, and F N B has a higher short interest than its peer group average of 3.52%.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

MSFT

TSM

OpenAI, backed by Microsoft Corp (NASDAQ:MSFT), has seen its annual revenues exceed $2 billion, attributed to the success of ChatGPT. With Microsoft's $10 billion investment, OpenAI aims to double its revenue by 2025. CEO Sam Altman plans to raise $5-$7 trillion for a global semiconductor project, engaging with investors including the UAE government and discussing ventures with Taiwan Semiconductor Manufacturing Co (NYSE:TSM). MSFT shares rose 0.55% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 09, 2024 | 1:59 pm

CLSK

NET

PINS

CleanSpark, Cloudflare, and Pinterest experienced significant stock price movements following their latest quarterly financial results. CleanSpark's shares surged 23% due to a year-over-year increase in Q1 GAAP EPS and better-than-expected sales. Cloudflare's stock jumped 29% after reporting strong Q4 financial results and positive Q1 guidance. Conversely, Pinterest's shares fell 8.5% after mixed Q4 results and Q1 revenue guidance below expectations.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:53 pm

MSI

Motorola Solutions Inc (NYSE:MSI) reported a premarket decline in shares despite beating fourth-quarter FY23 earnings expectations. Sales increased by 5% Y/Y to $2.85 billion, surpassing the $2.82 billion consensus, with growth in North America and International segments. The company also saw a 4% Y/Y growth in Products and Systems Integration and a 7% Y/Y increase in Software and Services. Adjusted operating margin slightly improved, and adjusted EPS of $3.90 exceeded the $3.63 consensus. Motorola ended the year with a $14.3 billion backlog and announced a $2.0 billion increase in its share repurchase authorization. The company forecasts higher than expected adjusted EPS for Q1 and 2024, along with revenue growth. Additionally, Motorola Solutions has entered a strategic agreement with Google Cloud to innovate cloud solutions. Despite these positive results and outlook, MSI shares dropped 3.19% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 09, 2024 | 1:53 pm