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Stock Prices

Zscaler (NASDAQ:ZS) has seen a bullish trend in its options market, with 58% of trades being bullish and 42% bearish. The options trading has focused on a price range of $200.0 to $340.0. The largest trades include both bullish and bearish sentiments, with significant amounts invested in both puts and calls. Zscaler, a cloud-native cybersecurity solutions provider, has seen its stock price increase by 1.91% to $254.18, with a high trading volume and an RSI indicating it may be approaching overbought territory. The next earnings report is expected in 20 days.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:45 pm

ABNB

BKNG

EXPE

TRIP

Travel stocks are trading lower following Expedia's Q4 results announcement and a CEO change, affecting the sector's overall performance.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 4:42 pm

BUD

ELF

PARA

TAP

Super Bowl LVIII will feature commercials from a wide range of companies, with Paramount Global airing the game on CBS, Nickelodeon, and Paramount+. The trend of celebrity inclusion in ads continues, with a notable focus on the 'Taylor Swift effect' expected to boost viewership. Companies like E.L.F. Beauty and Unilever are airing Super Bowl commercials for the first time in years, while Anheuser-Busch InBev and Molson Coors Beverage Company leverage the event to promote their beer brands. Other notable ads include FanDuel's interactive commercial, PepsiCo's introduction of Starry, and tech companies like Google and Microsoft showcasing their latest innovations. The event will also feature movie and TV series trailers from Paramount, The Walt Disney Company, and Comcast Corporation.

Portfolio Pulse from Chris Katje

February 09, 2024 | 4:41 pm

AVGO

MRVL

NVDA

Nvidia Corp (NASDAQ:NVDA) is experiencing a rise in stock value following reports of its new division focused on creating custom chips for cloud computing and advanced AI processors. Holding 80% of the high-end AI chip market, Nvidia's market value increased by 40% to $1.73 trillion in 2023. Its chips, especially the H100 and A100 models, are in high demand by tech giants like OpenAI, Microsoft Corp, Alphabet Inc, and Meta Platforms Inc. Despite a supply crisis, Nvidia's strategy to design custom AI chips positions it against Broadcom Inc and Marvell Technology, Inc, which are trading lower. The custom chip market is expected to reach $10 billion in 2023 and double by 2025.

Portfolio Pulse from Anusuya Lahiri

February 09, 2024 | 4:41 pm

DOOR

PGT

Owens Corning Inc (NYSE:OC) has agreed to acquire Masonite International Corporation (NYSE:DOOR) for $133.00 per share in a deal valued at approximately $3.9 billion. This acquisition, expected to close mid-2024, is anticipated to boost Owens Corning's revenue to $12.6 billion and expand its North American residential market share. The deal is financed through cash and $3 billion in debt from Morgan Stanley Senior Funding Inc. Masonite had previously terminated a merger agreement with PGT Innovations Inc (NYSE:PGT), opting not to submit a revised offer against a superior proposal from MITER Brands. Owens Corning also plans to review strategic alternatives for its global glass reinforcements business.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 4:34 pm

FDS

Over the past 15 years, FactSet Research Systems (NYSE:FDS) has outperformed the market with an annualized return of 17.5%, turning a $100 investment into $1,131.53. The company currently has a market capitalization of $17.90 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:30 pm

TTD

Trade Desk (NASDAQ:TTD) has significantly outperformed the market with an annualized return of 36.45% over the past 5 years, turning a $1000 investment into $4,859.64 today. The company's market capitalization stands at $34.89 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:30 pm

VLCN

Volcon's (NYSE:VLCN) short interest has decreased by 38.83% since the last report, with 796 thousand shares sold short, representing 6.98% of its float. This decrease in short interest could indicate a more bullish sentiment towards VLCN among traders. The current short interest is significantly higher than the peer group average of 2.76%, suggesting that VLCN has more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:30 pm

DBX

Dropbox's (NYSE:DBX) short interest has decreased by 7.46% since the last report, with 18.24 million shares sold short, representing 8.43% of its float. This decline in short interest could indicate a more bullish sentiment among investors towards DBX, despite it having a higher short interest than its peer group average of 6.03%. The article suggests that while a decrease in short interest does not guarantee a stock price increase, it is an important indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:30 pm

PRLB

Proto Labs, Inc. (NYSE:PRLB) reported a revenue growth of 8.2% YoY in Q4 fiscal 2023, reaching $125.05 million and surpassing consensus estimates. The company's adjusted EPS improved to $0.46, beating expectations. Protolabs achieved a milestone by generating over $500 million in revenue for the first time in its history. However, the company anticipates a softer start to 2024, with expected Q1 revenue between $120 million-$128 million, slightly below consensus estimates, due to lower order levels in December 2023 and early January 2024. PRLB shares rose 2.29% to $38.04.

Portfolio Pulse from Akanksha Bakshi

February 09, 2024 | 4:30 pm