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EWBC

Wedbush analyst David Chiaverini has reiterated an Outperform rating on East West Bancorp (NASDAQ:EWBC) and maintained a price target of $86.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:16 pm

BOKF

BOK Financial (NASDAQ:BOKF) reported Q4 adjusted EPS of $1.76, slightly beating the consensus estimate of $1.75. Sales were $501.56M, surpassing the $490.40M estimate. However, both earnings and sales saw a decrease compared to the same period last year, with earnings down 29.88% and sales down 8.76%.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:15 pm

RZLT

Rezolute, Inc. (NASDAQ:RZLT), a biopharmaceutical company, has appointed Daron Evans as Chief Financial Officer. Evans brings over 15 years of experience in the life science sector and will support Rezolute's late-stage development. In conjunction with his appointment, Evans received an inducement stock option grant of 275,000 shares at $1.02 per share, vesting over four years, with accelerated vesting if the company is acquired.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:15 pm

WMB

Williams Companies (NYSE:WMB) has seen a decrease in short interest, with the short percent of float dropping 18.66% since the last report. The company has 18.48 million shares sold short, representing 1.7% of available shares for trading. The current short interest suggests it would take about 3.81 days for traders to cover their positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Williams Companies has a lower short interest compared to its peer group average of 3.45%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 1:15 pm

WING

Wingstop (NYSE:WING) has seen a 15.57% decrease in short interest since its last report, with 1.59 million shares sold short, representing 6.18% of its float. The average time to cover these short positions is 5.87 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Wingstop's short interest is below its peer group average of 8.52%. Short interest is a key indicator of market sentiment and can influence stock prices.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 1:15 pm

RKLB

Rocket Lab USA (NYSE:RKLB) has seen a 5.63% increase in short interest since its last report, with 22.19 million shares sold short, representing 7.69% of its float. The short interest is higher than the peer group average of 2.66%. While an increase in short interest can indicate bearish sentiment, it can also be a bullish sign as explained in a Benzinga Money post.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 1:15 pm

ASML

RAMP

SAP

Three tech stocks, SAP SE (NYSE:SAP), LiveRamp Holdings, Inc. (NYSE:RAMP), and ASML Holding N.V. (NASDAQ:ASML), are showing overbought signals with RSI values above 70, indicating potential short-term price declines. SAP's revenue increased by 5% and its stock rose 10% over five days. LiveRamp is acquiring Habu for $200 million and reported higher-than-expected preliminary revenue, with its stock up 9% over five days. ASML posted strong quarterly earnings and expects significant growth in 2025, with its stock also up 10% over five days.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 1:14 pm

BB

EVAX

GETR

MMAT

NFLX

Netflix, Inc. (NASDAQ:NFLX) shares rose by 10.2% in pre-market trading after reporting Q4 revenue of $8.83 billion, surpassing the consensus estimate of $8.72 billion, despite missing EPS estimates. The company added 13.12 million net paid subscribers in Q4. Other stocks also moved in pre-market trading, with notable gainers including Getaround, Inc. (NYSE:GETR), Evaxion Biotech A/S (NASDAQ:EVAX), and Zoomcar Holdings, Inc. (NASDAQ:ZCAR), while Meta Materials Inc. (NASDAQ:MMAT) and BlackBerry Limited (NYSE:BB) were among the losers.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 1:14 pm

ENVB

Enveric Biosciences has filed a prospectus with the SEC, which pertains to the resale of up to 2.2 million shares of common stock by selling stockholders. This filing indicates that certain shareholders may be looking to sell a significant number of shares.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:10 pm

FCX

Freeport-McMoRan reported Q4 average realized prices of $3.81/lb for copper, $2,034/oz for gold, and $20.66/lb for molybdenum. Annual prices for 2023 were $3.85/lb for copper, $1,972/oz for gold, and $24.64/lb for molybdenum.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:08 pm