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NFLX

Keybanc analyst Justin Patterson maintains an Overweight rating on Netflix (NASDAQ:NFLX) and raises the price target from $580 to $705.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:35 am

TIGR

UP Fintech Holding (TIGR) reported Q4 adjusted earnings per ADS of $0.01, missing the $0.07 estimate, and sales of $69.98M, missing the $207.00M estimate. This represents a 75.86% decrease in earnings and a 9.59% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:03 am

RIVN

Rivian Automotive (NASDAQ:RIVN) announced that existing Rivian customers will receive priority delivery for its second-generation EV, the R2, expected in 2026. The R2 SUV, unveiled earlier this month, is priced around $45,000, aiming to compete with Tesla's Model Y. Rivian's R1 models, catering to the higher end of the EV market, start at $69,900 and $74,900. The company has received over 68,000 reservations for the R2 in less than a day, indicating strong demand.

Portfolio Pulse from Anan Ashraf

March 20, 2024 | 7:34 am

EWG

Germany's Producer Price Index (PPI) for February decreased by 0.4%, which was lower than the estimated -0.1% and the previous month's 0.2% increase. This indicates a decrease in the prices producers receive for their goods, suggesting potential deflationary pressures in the German economy.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:02 am

EWU

The U.K. Producer Price Index (PPI) Input for February showed a decrease of 0.4%, compared to the estimated 0.2% increase and a revised prior of -0.1%. This indicates a decline in the cost of goods and services purchased by producers in the U.K., suggesting potential impacts on inflation and economic activity.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:02 am

EWU

The U.K. Consumer Price Index (CPI) for February showed a month-on-month increase of 0.6%, which is slightly below the estimated 0.7% but represents a significant change from the -0.6% reported in the previous month.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:01 am

SN

SharkNinja, Inc. (NYSE:SN) announced the pricing of a secondary offering of 4,691,899 shares at $58 each by selling shareholders affiliated with Xuning Wang. The underwriters have a 30-day option for an additional 703,785 shares, with the offering expected to close on March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:50 am

NVDA

SNPS

Synopsys Inc's CEO, Sassine Ghazi, highlighted the company's pivotal role in the chip design industry, especially for NVIDIA Corporation, in an interview with Jim Cramer. Ghazi emphasized Synopsys' importance in Nvidia's graphics chip development for AI technology, using their electronic design automation software for chip architecture, design, and verification. Additionally, Synopsys' recent acquisition of Ansys for $35 billion is expected to enhance their capability to predict graphics chips' real-world performance. Despite Nvidia's stock dropping slightly post-GTC2024 event, Synopsys saw a significant rise, underscoring its industry importance.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 6:49 am

NDAQ

Nasdaq, Inc. (NDAQ) announced the pricing of a secondary offering by Borse Dubai of 26,956,522 shares at $59 per share, with an option for underwriters to buy up to 4,043,478 additional shares. The offering is set to close on March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:48 am

GIS

General Mills, Inc. (NYSE:GIS) is anticipated to report higher earnings for Q3 before the market opens on March 20, 2024, with expected earnings of $1.05 per share, up from 97 cents the previous year, and projected revenue of $4.96 billion. The company recently announced the retirement of Shawn O'Grady, Group President, North America Foodservice. Following this, GIS shares rose 1.3% to close at $68.63. Analysts have adjusted their price targets and ratings, with changes reflecting a mix of Neutral, Buy, and Overweight ratings and adjusted price targets ranging from $65 to $76.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 6:45 am