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ATHM

Autohome (NYSE:ATHM) shares surged over 11% following their Q4 earnings report, which exceeded expectations. The company reported revenues of $269.2 million, a 1% increase year-on-year, surpassing the consensus of $265.60 million. Adjusted earnings per ADS were $0.58, beating the consensus of $0.57. Despite a decrease in adjusted net income and media services revenues compared to the previous year, leads generation services and online marketplace revenues saw growth. Autohome also repurchased 6.73 million ADS for about $200 million and reported substantial cash reserves.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 3:53 pm

MCD

McDonald's Corp (NYSE:MCD) shares fell after reporting mixed Q4 results, attributed to weak sales in the Middle East. Analysts from Oppenheimer, Truist Securities, and Wedbush provided mixed reactions, with a downgrade from Oppenheimer due to a lack of earnings catalysts, while Truist Securities and Wedbush maintained positive outlooks despite adjusting price targets and expectations. The company's U.S. and IOM same-store sales expectations for 2024 are slightly below Street estimates.

Portfolio Pulse from Priya Nigam

February 06, 2024 | 3:47 pm

OXY

Occidental Petroleum (NYSE:OXY) has seen significant options trading activity, with a bullish sentiment from big-money investors. Benzinga's options scanner revealed 10 unusual trades, split 70% bullish and 30% bearish. The trades target a price range of $50.0 to $75.0 for OXY over the next 3 months. The largest trades include both puts and calls with varying sentiments and strike prices. Currently, OXY's stock is up 0.6% at $57.32, with an RSI suggesting it may be approaching overbought territory. An earnings release is anticipated in 8 days, and an analyst from Raymond James maintains a Strong Buy rating with a target price of $68.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:46 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has seen significant unusual options activity, with an equal split between bullish and bearish trades among investors. The activity suggests a price range target of $85.0 to $340.0 over the next three months. Notable trades include both calls and puts with varying sentiments and strike prices. Enphase Energy, a global energy technology company, has a current stock price of $97.13, which is down by -0.69%. Analysts have given mixed ratings, with an average target price of $137.0. The next earnings report is imminent.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:46 pm

LRCX

Investors have shown a bearish stance on Lam Research (NASDAQ:LRCX), with options trading indicating a split sentiment of 27% bullish and 72% bearish. Significant options trades suggest targeting a price range of $800.0 to $885.0. Analysts have mixed ratings, with an average target price of $888.4. The company specializes in semiconductor wafer fabrication equipment and is a major player in the deposition and etch market segments.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:45 pm

UPST

Upstart Holdings (NASDAQ:UPST) has seen a significant options trading activity, indicating a bullish sentiment among big-money investors, with a split of 66% bullish and 33% bearish. The trading activity suggests a target price range of $30.0 to $40.0 for the next three months. The company, which offers AI-enabled lending platform services, has its next earnings report due in 7 days. Despite the bullish options activity, an analyst from Mizuho maintains an Underperform rating with a target price of $23.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:32 pm

SQ

Recent options trading trends indicate a bearish stance on Block (NYSE:SQ), with 80% of the big-money trades being puts. The trading volume and open interest suggest a price target between $62.5 and $85.0. Despite this, Block's stock is slightly up, with analysts from BTIG and Wedbush upgrading their ratings to Buy and Outperform, respectively, with price targets of $85 and $90. This mixed sentiment could lead to short-term volatility in SQ's stock price.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:32 pm

MANH

Over the past 20 years, Manhattan Associates (NASDAQ:MANH) has produced an average annual return of 19.49%, outperforming the market by 11.95%. A $1000 investment in MANH 20 years ago would be worth $34,036.74 today. The company currently has a market capitalization of $15.34 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:30 pm

GWW

W.W. Grainger (NYSE:GWW) has significantly outperformed the market with an average annual return of 25.16% over the past 5 years, turning a $100 investment into $313.73 today. The company's market capitalization stands at $46.94 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:30 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) is set to report its Q4 earnings on Feb. 7, with expectations of $1.26 EPS and $7.26 billion in revenues. Despite challenges in the e-commerce landscape, PayPal shows resilience with signs of e-commerce volume surpassing expectations, contributing to anticipated growth in checkout volume for Q4. The company's cost controls and labor management are expected to enhance operational efficiency. PayPal, with around 430 million active accounts, remains focused on market leadership despite laying off 9% of its workforce. Analysts are keen on engagement metrics like revenue per user, payment transactions per account, and total transactions. The consensus analyst rating is Neutral with a price target of $63.44, though recent reviews have downgraded the stock to a range of $65-$66. PayPal's stock was trading at $61.90 at the time of publication.

Portfolio Pulse from Surbhi Jain

February 06, 2024 | 3:28 pm