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META

Meta Platforms Inc (NASDAQ:META) stock closed above $400 for the first time, reaching a new all-time and 52-week high of $406.36. The stock shows technical strength with a rising on-balance volume, indicating positive momentum. Meta is recognized for its social media platform, Facebook, and its ventures into augmented reality and AI, with AI being a significant investment area in 2024. Ahead of its Q4 earnings report on Feb. 1, analysts have a consensus Buy rating with a price target of $364, but recent ratings suggest higher targets, with Raymond James setting the highest at $450.

Portfolio Pulse from Surbhi Jain

January 31, 2024 | 2:31 pm

PARA

PARAA

Paramount Global's stock is up after reports that Byron Allen proposed a $14 billion acquisition of the company.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:31 pm

MSFT

Wedbush analyst Daniel Ives has maintained an Outperform rating on Microsoft (NASDAQ:MSFT) and increased the price target from $450 to $475.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:31 pm

APD

Air Products & Chemicals (NYSE:APD) has seen a 19.28% increase in short interest since its last report, with 2.19 million shares sold short, representing 0.99% of its float. It would take about 2.22 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, APD has less short interest compared to its peers' average of 3.02%. The rise in short interest does not necessarily predict a stock price decline.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 2:30 pm

MESA

Mesa Air Group's (NYSE:MESA) short interest has decreased by 58.96% since the last report, with 405 thousand shares sold short, representing 1.03% of available shares. The average time to cover these short positions is 1.12 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Mesa Air Gr has a lower short interest compared to its peer group average of 8.58%.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 2:30 pm

CI

Cigna Group (NYSE:CI) has seen a decrease in short interest, with the short percent of float dropping 8.4% since the last report. The company has 3.51 million shares sold short, representing 1.2% of available shares for trading. The current short interest suggests it would take 1.91 days to cover all short positions. This decline in short interest may indicate a more bullish sentiment towards CI compared to its peers, which have an average short interest of 9.30% of float.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 2:30 pm

HTLD

Heartland Express (NASDAQ:HTLD) reported Q4 earnings with an EPS of $0.06, beating the estimated $-0.08 by 175%. However, revenue declined by $79.58 million from the same period last year. In the previous quarter, a miss on EPS resulted in a 7.55% share price drop the following day.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 2:30 pm

LCNB

LCNB Corp (NASDAQ:LCNB) reported Q4 earnings with an EPS of $0.34, missing estimates by 5.56% compared to the expected $0.36. Revenue declined by $572 thousand from the same period last year. Despite missing EPS last quarter, the stock increased by 2.99% the following day.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 2:30 pm

NYCB

New York Community Bancorp's stock is trading lower due to disappointing Q4 financial results and a cut in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:28 pm

AXNX

BSX

Boston Scientific Corporation (NYSE:BSX) shares are rising in premarket trading after reporting Q4 revenues of $3.725 billion, surpassing the Wall Street estimate of $3.59 billion. The company's sales increased by 14.9% on a reported basis and adjusted EPS was $0.55, beating the consensus of $0.51. Boston Scientific also announced an agreement to acquire Axonics, Inc. (NASDAQ:AXNX) and received FDA approval for the FARAPULSE PFA System. The company provided a positive outlook for 2024 with estimated net sales growth and adjusted EPS in line with consensus estimates. BSX shares are up 4.49% at $64.18 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 2:27 pm