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PINS

Pinterest shares are experiencing an uptick, influenced by Meta's announcement of strong quarterly financial results. This reflects a broader market trend where companies in similar sectors or with related business models often see their stock prices move in sympathy with one another, especially following significant financial updates.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 5:10 pm

GWW

W.W. Grainger's stock is trading higher following the announcement of mixed Q4 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 5:09 pm

AAPL

CING

GEN

GRI

INBS

META

TYRA

Nasdaq rose over 200 points with Apple posting upbeat earnings, leading to a positive trend in U.S. stocks. Apple reported Q1 earnings surpassing expectations with record Services and iPhone revenue, despite a decline in China. Other notable movements included Intelligent Bio Solutions and Tyra Biosciences experiencing significant gains, while Cingulate, Gen Digital, and GRI Bio saw sharp declines. Meta Platforms also reported strong Q4 results and announced a new dividend.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 5:08 pm

AMZN

SNOW

Snowflake Inc. (NYSE:SNOW) shares hit a new 52-week high after Raymond James analyst Simon Leopold maintained an Outperform rating and raised the price target from $190 to $223, citing positive public cloud trends and Amazon.com's (NASDAQ:AMZN) AWS revenue growth. Snowflake's Cloud Data Warehouse platform, primarily built on AWS, benefits from these trends. The stock's rise is also attributed to the growing excitement around artificial intelligence, with Snowflake acting as an entry point to AI platforms. Over the past month, SNOW has gained more than 13%, trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

February 02, 2024 | 5:03 pm

LINKUSD

Cryptocurrency analyst Ali Martinez predicts further gains for Chainlink (LINK), citing a significant resistance level at $20. Data from IntoTheBlock shows $1.2 billion in large transactions and a bullish trend. Michaël van de Poppe also notes Chainlink is facing crucial resistance. Chainlink's recent 12.5% gain in 24 hours and a seven-day gain of 26.3% positions it as a leading altcoin. Chainlink's platform capabilities and a surge in derivatives data analysis further support its upward trajectory.

Portfolio Pulse from Khyathi Dalal

February 02, 2024 | 5:02 pm

GFI

Gold Fields Limited (NYSE:GFI) shares dropped after BMO Capital Markets' analyst Raj Ray downgraded the stock from Market Perform to Underperform and cut the price target from $14 to $12, citing operational risks across the company's portfolio. Despite outperforming peers in the last 12 months, Ray highlighted issues such as delays at Salares Norte, operational underperformance in Australia and South Africa, and significant C-suite churn as reasons for the downgrade. Ray also lowered the 2024 earnings estimate for GFI, anticipating disappointing 2023 results and a bleak 2024 outlook.

Portfolio Pulse from Priya Nigam

February 02, 2024 | 5:02 pm

GHM

Graham (NYSE:GHM) is scheduled to release its quarterly earnings report on February 5, 2024, with analysts expecting an EPS of $-0.03. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter beating EPS estimates by $0.17 but resulting in a 2.05% drop in share price the following day. Shares of Graham have increased by 66.72% over the last 52 weeks, indicating a generally positive sentiment among long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:01 pm

FLXS

Flexsteel Industries (NASDAQ:FLXS) is scheduled to release its quarterly earnings report on February 5, 2024, with analysts estimating an EPS of $0.56. The company's past earnings performance shows mixed results, with both misses and beats in previous quarters. Shares of Flexsteel Industries have seen a 45.13% increase over the last 52 weeks, trading at $28.09 as of February 1. Investors are looking forward to the company's guidance for the next quarter, which could significantly impact the stock price.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:01 pm

IVAC

Intevac (NASDAQ:IVAC) is scheduled to release its quarterly earnings report on February 5, 2024, with an expected EPS of $-0.12. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. Historically, Intevac has shown mixed results in beating EPS estimates, with share price reactions varying accordingly. Currently, shares are trading at $4.08, down 42.45% over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:01 pm

NSSC

NAPCO Security Techs (NASDAQ:NSSC) is scheduled to release its quarterly earnings report on February 5, 2024, with an expected EPS of $0.26. Analysts and investors are keen on whether NSSC will surpass this estimate and provide positive guidance for the next quarter. Historical data shows NSSC's stock price reacts notably to earnings performance and guidance. Last quarter, NSSC beat the EPS estimate by $0.07, leading to a 9.45% stock price increase the following day. Over the last year, NSSC shares have risen by 3.67%, indicating a generally positive outlook among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:00 pm