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PAGP

Plains GP Holdings (NASDAQ:PAGP) reported Q4 earnings of $0.27 per share, missing the consensus estimate of $0.35 by 22.86%, but saw a 17.39% increase from last year's earnings. Sales reached $12.70B, surpassing the $11.91B estimate by 6.62%, despite a 1.96% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:33 pm

AFRM

EXPE

NET

QQQ

SPY

U.S. stocks are poised to end the week higher, with futures indicating a modestly higher open amid mixed earnings. The S&P 500's break above 5,000 is seen as a positive sign, with historical data suggesting further gains. Cloudflare's earnings led to a significant premarket jump, while other companies like Affirm Holdings and Expedia Group saw declines. Upcoming economic data and a speech by the Federal Reserve could influence market direction.

Portfolio Pulse from Shanthi Rexaline

February 09, 2024 | 12:32 pm

ROAD

Construction Partners (NASDAQ:ROAD) reported Q1 2024 earnings of $0.19 per share, surpassing the $0.13 estimate, with sales of $396.50M also beating the $394.48M estimate. This represents a 16.01% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:32 pm

WPC

W.P. Carey (NYSE:WPC) reported Q4 AFFO per share of $1.19, missing the $1.21 estimate, and sales of $410.38M, missing the $422.12M estimate. This represents a 7.75% decrease in AFFO per share and a 2.05% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:32 pm

EXPE

NFLX

Netflix shares are experiencing an uptick in premarket trading following a report from Spain's Ecommerce News that Expedia and Burger King have signed on as advertisers for Netflix's ad-supported service. This development is seen as a positive move for Netflix, potentially increasing its revenue streams and making its ad-supported service more attractive to users.

Portfolio Pulse from Charles Gross

February 09, 2024 | 12:30 pm

KMB

Wall Street's most accurate analysts have provided their views on three high-dividend yielding stocks in the consumer staples sector: Altria Group, Inc. (MO), Philip Morris International Inc. (PM), and Kimberly-Clark Corporation (KMB). Altria Group has a dividend yield of 9.78% with mixed ratings from Morgan Stanley and Stifel, and reported better-than-expected financial results. Philip Morris has a dividend yield of 5.84%, with ratings from the same analysts, but reported worse-than-expected earnings. Kimberly-Clark, with a 4.06% dividend yield, received a downgrade from B of A Securities and also reported disappointing financial results.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 12:14 pm

DIS

MANU

QNST

RUM

WIMI

Five stocks in the communication services sector are considered overbought according to their RSI values, potentially signaling a short-term performance warning for momentum investors. Rumble Inc. (RUM) and QuinStreet Inc. (QNST) reported significant developments and stock gains, while Manchester United plc (MANU) reduced its fiscal 2024 guidance. WiMi Hologram Cloud Inc. (WIMI) is focusing on blockchain secure storage, and The Walt Disney Company (DIS) announced strong earnings and a new share repurchase program.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 12:13 pm

OWL

Blue Owl Cap (NYSE:OWL) reported Q4 adjusted EPS of $0.18, surpassing the $0.17 estimate, and sales of $494.04M, exceeding the $428.71M estimate. This represents a 20% increase in EPS and a 24.91% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:08 pm

DOOR

Owens Corning has agreed to acquire all outstanding shares of Masonite for $133.00 per share in cash, valuing the transaction at approximately $3.9 billion. This acquisition price represents a 38% premium over Masonite's closing share price on February 8, 2024, and a 46% premium over its 20-day volume-weighted average price.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:08 pm

TELUS (NYSE:TU) reported Q4 earnings of $0.18 per share, surpassing the $0.17 estimate, but saw a 32.31% decrease from last year's earnings. Sales were $3.82B, missing the $3.89B estimate and marking an 18.57% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:07 pm