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INTA

Intapp shares are trading lower following the announcement of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:33 pm

HAIN

The Hain Celestial Group's shares dropped following the announcement of Q2 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:33 pm

VSTS

Vestis shares are trading lower due to the company reporting worse-than-expected Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:33 pm

KRE

NYCB

Shares of New York Community Bancorp (NYCB) plummeted over 10% to below $4, reaching a low not seen since March 1997, amid concerns over its commercial real estate loan exposure. Bank of America and JPMorgan downgraded NYCB, citing risks and regulatory scrutiny, while Piper Sandler remained bullish. NYCB stated its liquidity is ample, despite downgrades from Fitch and Moody's. The SPDR S&P Regional Banking ETF (KRE) also fell by 1.6%, marking its potential sixth negative session in seven days.

Portfolio Pulse from Piero Cingari

February 07, 2024 | 4:32 pm

VSAT

ViaSat shares are trading lower following the announcement of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:32 pm

HAIN

Hain Celestial Group, Inc. (NASDAQ:HAIN) shares fell after reporting flat Q2 fiscal 2024 sales of $454.1 million, missing analyst expectations. North America sales dropped 5.2% due to lower baby formula sales, while International sales grew 8.5%. Adjusted net income decreased to $10.9 million from $18.3 million year over year, with a reduced adjusted EBITDA margin. The company revised its FY24 organic net sales growth outlook to 1% or more, down from 2% to 4%, and adjusted its EBITDA forecast. HAIN shares dropped 15.43% to $9.59.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 4:32 pm

OI

O-I Glass shares surged following the announcement of their Q4 financial results, which exceeded expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:32 pm

SPY

Fed's Collins suggests potential rate cuts later this year if the economy aligns with expectations, emphasizing that monetary policy is currently well-suited. However, the path to achieving a 2% inflation rate is expected to be uneven and bumpy. Any future rate cuts should be gradual and methodical.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:31 pm

TSM

Investors have shown a bearish stance on Taiwan Semiconductor (NYSE:TSM) through unusual options activity, with a sentiment split of 39% bullish and 60% bearish. Notable trades include both puts and calls with a target price range of $80.0 to $150.0. The company, a leading chip foundry with a significant market share, has seen its stock price increase by 0.51% to $119.99. Analysts, including one from Barclays, maintain an Overweight rating with a target price of $125.0.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 4:31 pm

BAC

Bank of America (NYSE:BAC) has seen significant options trading activity, with a bullish sentiment from the majority of investors. Analysis of 10 trades shows 60% bullish and 40% bearish expectations. Notable options activity includes a mix of calls and puts with varying sentiments and strike prices ranging from $25.0 to $34.0. The company, a major financial institution in the U.S., is currently trading at $33.08 with a neutral RSI. Analysts have set an average price target of $41.98, with ratings ranging from Market Perform to Overweight.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 4:31 pm