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Ahead of Thursday's trading, notable movements include Best Buy's expected earnings report, HP's in-line earnings but sales miss, Dell's anticipated earnings, Snowflake's CEO change alongside upbeat earnings, and Hormel Foods' expected earnings. Best Buy and Hormel Foods shares rose in after-hours, while HP, Dell, and Snowflake shares fell.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 7:42 am

ETHUSD

MATICUSD

$6.26M And Rising: Inside Donald Trump's Surging Crypto Portfolio. Donald Trump's venture into the cryptocurrency market has seen his portfolio reach $6.35 million, with significant investments in MAGA Memecoin (TRUMP), Wrapped Ether (WETH), Ethereum (ETH), BABYTRUMP, and Polygon (MATIC). The growth reflects the volatile yet lucrative nature of the crypto market, especially in tokens associated with high-profile personalities. The MAGA Memecoin's Twitter account and crypto Twitter users suggest a bullish outlook as the election approaches.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 7:32 am

CPRX

Catalyst Pharmaceuticals (NASDAQ:CPRX) reported Q4 adjusted EPS of $0.53, surpassing the $0.26 estimate, and sales of $110.57M, exceeding the $106.12M estimate. This represents a significant increase in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:29 am

AAPL

AMZN

MSFT

NANC

NVDA

The Unusual Whales Democratic ETF (NANC) has outperformed the S&P 500 with a 30% surge since its launch in February 2023, thanks to significant investments in tech giants like Microsoft, Amazon, Apple, and Nvidia. This ETF tracks the stock trades of Democratic members of Congress and has gained attention amidst controversies over congressional stock trading. In contrast, the Republican-centric ETF (KRUZ) has seen a modest 15% gain.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 7:25 am

FWRD

Forward Air (NASDAQ:FWRD) reported Q4 adjusted EPS of $0.81, missing the $0.98 estimate, and sales of $338.43M, missing the $407.76M estimate. This represents a significant decrease from the same period last year, with earnings down 50.91% and sales down 29.67%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:24 am

BCS

CRH

CRH has initiated a share buyback program, contracting Barclays Capital Inc. to repurchase up to $300 million of its ordinary shares listed on the New York Stock Exchange. The buyback starts on February 29, 2024, and will conclude by May 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:22 am

TALO

Talos Energy (TALO) reported a Q4 adjusted EPS of $(0.01), missing the $0.17 estimate, and sales of $384.96M, missing the $389.57M estimate. This represents a 105% decrease in EPS from last year's $0.20, despite a 12.49% increase in sales from $342.20M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:05 am

BBY

Best Buy Co., Inc. (NYSE:BBY) is anticipated to report a decrease in Q4 earnings with an expected EPS of $2.51, down from $2.61 the previous year, and a projected revenue of $14.53 billion, slightly lower than $14.73 billion year-over-year. The company recently entered a strategic partnership with Bell Canada. Analysts have provided mixed ratings, with price targets ranging from $68 to $76. Best Buy's stock rose 0.8% to close at $79.68 recently.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 6:52 am

BUD

Anheuser-Busch InBev (NYSE:BUD) reported Q4 adjusted EPS of $0.82, beating estimates of $0.76, but missed sales estimates with $14.47B against the expected $15.31B. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:48 am

SQM

Sociedad Quimica Y Minera (SQM) reported Q4 earnings of $0.71 per share, missing the $1.16 estimate, and sales of $1.31B, missing the $1.35B estimate. This represents a significant decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:44 am