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PYPL

PayPal Holdings Inc (NASDAQ:PYPL) shares dropped after Q4 earnings, despite beating expectations. Analysts have mixed views but generally lowered price targets due to disappointing 2024 guidance. The guidance suggests minimal EPS growth and flat transaction margin dollars, indicating a transition year with investments in product and marketing. Analysts from Piper Sandler, BofA Securities, Goldman Sachs, JPMorgan, Wedbush, Oppenheimer, KeyBanc Capital Markets, and Needham provided insights, with most maintaining neutral or equivalent ratings and adjusting price targets downward.

Portfolio Pulse from Priya Nigam

February 08, 2024 | 7:26 pm

APPS

ARM

SYRA

TENX

UCAR

Crude oil prices increased by 3.1%, and Kellanova (NYSE:K) reported better-than-expected Q4 results, with earnings of 78 cents per share against estimates of 74 cents, and sales of $3.17 billion versus expected $3.08 billion. Syra Health Corp. (NASDAQ:SYRA) surged 425% after announcing a $75 billion federal contract partnership. U Power Limited (NASDAQ:UCAR) rose 49% with new board appointments. Arm Holdings plc (NASDAQ:ARM) gained 59% on strong Q3 results and optimistic FY24 guidance. Conversely, Tenax Therapeutics, Inc. (NASDAQ:TENX), 23andMe Holding Co. (NASDAQ:ME), and Digital Turbine, Inc. (NASDAQ:APPS) saw significant drops due to disappointing financial outcomes and public offering pricing.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 7:19 pm

ARM

DIA

DIS

IWM

QQQ

SPY

The S&P 500 struggled to breach the 5,000 mark while the Nasdaq 100 hit record highs. Federal Reserve officials' comments and Janet Yellen's testimony influenced markets. The iShares Russell 2000 ETF saw gains, as did ARM Holdings after strong earnings. Oil prices rebounded, and Bitcoin recovered. The SPDR S&P 500 ETF Trust and the SPDR Dow Jones Industrial Average ETF saw slight declines, whereas the Invesco QQQ Trust gained. Sector-wise, energy stocks led gains, while utilities lagged. Key stock movements included Walt Disney's profit surge and varied earnings impacts on other companies.

Portfolio Pulse from Piero Cingari

February 08, 2024 | 7:05 pm

DUK

Duke Energy Corporation (NYSE:DUK) reported Q4 FY23 earnings with an adjusted EPS of $1.51, missing the consensus of $1.54, and revenues of $7.21 billion, below the expected $7.49 billion. Despite this, the company saw growth in its Electric and Gas Utilities and Infrastructure segments and reaffirmed its FY24 EPS outlook of $5.85-$6.10. Duke Energy also announced an increased $73 billion capital plan for the next five years to support energy transition and growth. Shares fell 3.08% to $92.56.

Portfolio Pulse from Lekha Gupta

February 08, 2024 | 7:02 pm

RMBS

Over the past 10 years, Rambus (NASDAQ:RMBS) has outperformed the market with an annualized return of 20.34%, turning a $100 investment into $639.69 today. The company's market capitalization currently stands at $5.76 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 7:00 pm

Over the past 15 years, Blackstone (NYSE:BX) has significantly outperformed the market, yielding an average annual return of 24.04%. A $100 investment in BX 15 years ago would be worth $2,608.71 today. Blackstone's market capitalization currently stands at $95.32 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 7:00 pm

NSTG

NanoString Technologies' stock is trading higher following the announcement of a debtor-in-possession credit facility agreement, which provides for $12.5 million in initial loans.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:00 pm

SEIUSD

Cryptocurrency Sei (CRYPTO: SEI) has seen a price increase of 4.43% in the last 24 hours, reaching $0.64, despite a week of no overall change. Its all-time high is $0.88. Trading volume rose by 14% over the week, and its circulating supply increased slightly to over 2.42 billion. SEI's market cap ranks it 50th at $1.56 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 7:00 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is showcasing the Cybertruck, along with its Model 3, Model Y, and Model X at the Chicago Auto Show, marking its first participation with electric vehicles at this event. The show will feature an indoor EV test track, with Tesla participating but not including the Cybertruck in the indoor track rides. Over one million people have reserved the Cybertruck, indicating high public interest. Ford Motor Company (NYSE:F) will also be present, offering test drives of its F-150 Lightning, a competitor to the Cybertruck.

Portfolio Pulse from Chris Katje

February 08, 2024 | 6:52 pm

SYM

Symbotic's (NYSE:SYM) short interest has significantly increased to 43.12% of its float, with 9.08 million shares sold short. This represents a 99.91% rise since the last report, requiring an average of 7.48 days for traders to cover their short positions. This increase in short interest, which is substantially higher than its peer group average of 3.56%, may indicate a bearish market sentiment towards Symbotic, though it doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:45 pm