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PYPL

Josh Brown announced live on CNBC that he has sold his position in PayPal (PYPL).

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:19 pm

PDS

Precision Drilling Corp (NYSE:PDS) shares surged after reporting its Q4 FY23 results, with a slight revenue decline but significant increases in adjusted EBITDA and EPS. The company saw a decrease in drilling rig utilization days in the U.S. and Canada but an increase internationally. It plans to reduce debt and allocate a portion of its free cash flow towards share repurchases, with an outlook of increasing its average active international rig count by 40% Y/Y.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 5:18 pm

AAPL

SNOW

On CNBC, Stephanie Link announced her purchase of Snowflake and Apple stocks, indicating a positive outlook on these companies.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:17 pm

TEAM

Whales have shown a bearish stance on Atlassian (NASDAQ:TEAM), with options trading indicating a split sentiment of 22% bullish and 77% bearish. The majority of trades were puts, totaling $347,799, compared to $32,000 in calls. A significant price band between $180.0 and $240.0 is observed for TEAM, based on trading volumes and open interest. Atlassian, known for its team collaboration software, has seen its stock price increase by 0.47% to $216.05. Analysts have a mixed outlook, with target prices ranging from $220 to $285.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:16 pm

GBTC

Grayscale CEO Michael Sonnenshein advocates for the approval of spot Bitcoin ETF options, emphasizing the need for a robust market. He highlights the disparity in approval processes between Bitcoin futures ETF options and spot Bitcoin ETF options, with the latter facing a more prolonged SEC review process. Sonnenshein argues for equal treatment of financial products and outlines the benefits of options for investors. The SEC is currently reviewing applications for spot Bitcoin ETFs, including Grayscale's GBTC, which has $20.5 billion in AUM.

Portfolio Pulse from Murtuza Merchant

February 06, 2024 | 5:16 pm

NIO

NIO Inc (NYSE:NIO) shares surged alongside other U.S.-listed Chinese stocks due to potential China stimulus measures aimed at halting the market's decline. China's securities regulator announced steps to curb short selling and encouraged companies to enhance shareholder value through various means. This comes as Chinese markets have faced significant losses, with the CSI 300 reaching five-year lows. The market's positive response to these measures is seen as short-term, pending fundamental economic improvements.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 5:15 pm

CIO

DESK

Treasury Secretary Janet Yellen expressed concerns over the commercial real estate sector and the risks associated with digital assets, including stablecoins, in a House Financial Services Committee address. Despite these concerns, she offered an optimistic view of the U.S. economy, highlighting its strong growth and labor market resilience. Yellen called for enhanced regulatory frameworks for digital assets and discussed the efforts to manage commercial real estate risks. The VanEck Office and Commercial REIT ETF (DESK) and City Office REIT Inc. (CIO) were mentioned as experiencing declines.

Portfolio Pulse from Piero Cingari

February 06, 2024 | 5:12 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are experiencing an uptick amid overall gains in Chinese stocks, driven by China's initiatives to support its economy. Despite a 42% drop in January and a nearly 40% decrease year-to-date, the company is upgrading its first plant to boost capacity. The stock's current price is below its 200-day moving average, suggesting mixed signals for its future trajectory.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 5:10 pm

AGFY

BRTX

CNC

PLTR

PRSO

SUNW

TENX

U.S. stocks traded mixed with the Dow up 0.19% and the Nasdaq down 0.41%. Centene Corporation reported better-than-expected Q4 results, with sales up 11% Y/Y. Tenax Therapeutics, Palantir Technologies, and Agrify Corporation saw significant stock increases, while Sunworks, BioRestorative Therapies, and Peraso Inc. experienced major declines. Oil prices rose by 1.2%.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 5:08 pm

NVIV

InVivo Therapeutics Holdings Corp. shares have resumed trading. This follows a temporary suspension, details of which were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:07 pm