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Stock Prices

WOW

WideOpenWest (WOW) shares dropped following the announcement of disappointing Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:27 pm

BNED

Barnes & Noble Education (BNED) shares have increased following the announcement of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:26 pm

DHI

GOOG

PFE

PGR

On CNBC's 'Halftime Report Final Trades,' experts highlighted their picks: Pfizer (PFE) for its promising Phase 3 study results, Alphabet (GOOG/GOOGL) despite a recent setback with its Pixel 8 smartphone, Progressive (PGR) for its solid earnings and growth prospects, and D.R. Horton (DHI) for its attractive valuation. Notably, Alphabet's Google faced a hiccup with its Pixel 8 smartphone lacking the Gemini Nano AI feature, and Progressive received an upgrade from Morgan Stanley.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 1:25 pm

DG

DLTR

Dollar General's stock is trading lower due to disappointing Q4 financial results and lower than expected Q1 EPS guidance reported by Dollar Tree, indicating a negative market reaction in sympathy with its competitor.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:24 pm

SOS

SOS shares are trading lower following the announcement of a $7.85 million public offering, indicating a potential dilution of existing shares.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:24 pm

DIS

Jamie Dimon has publicly endorsed Disney CEO Bob Iger in the ongoing proxy fight with Nelson Peltz's Trian Partners. This high-profile support could influence the outcome of the dispute, highlighting the significance of leadership and strategic direction in major corporations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:23 pm

DXCM

DexCom's stock (DXCM) is trading higher following an Outperform rating and a $165 price target initiation by RBC Capital.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:21 pm

SWIM

Latham Group, Inc. (NASDAQ:SWIM) reported Q4 sales of $90.867 million, surpassing estimates, and a net income of $0.1 million, a significant improvement from a year-ago net loss of $19.0 million. Despite these positive results, the company's FY24 revenue forecast of $490 million to $520 million falls short of analysts' expectations of $546.746 million. Following this, Barclays and B of A Securities cut their price targets on SWIM, with B of A Securities also downgrading the stock from Buy to Underperform. SWIM shares dropped 0.6% to close at $3.28.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 1:18 pm

COIN

HOOD

Shiba Inu (SHIB) experienced a significant movement with 6.84 trillion tokens shifted to Coinbase, Binance, Robinhood, Cumberland, and Wintermute, worth $227 million. This activity coincides with a drop in SHIB's price by 5.7% and a spike in whale transactions. The Shib community believes Shiboshi NFTs offer 'passive income for life,' a sentiment echoed by Shiba Inu's marketing lead and lead developer. Despite a recent ranking drop, Shiba Inu's utility in the blockchain space is highlighted.

Portfolio Pulse from Khyathi Dalal

March 13, 2024 | 1:17 pm

MGIC

Magic Software Enterprises Ltd (NASDAQ:MGIC) reported Q4 revenue of $125.5 million, surpassing the consensus of $117.5 million, with a 14.7% year-on-year decline. Adjusted EPS was $0.24, beating the consensus of $0.19. The company saw an expansion in adjusted gross margin to 30.8% and operating margin to 14.1%. Cash and equivalents stood at $107.1 million as of December 31, 2023. Operating cash flow for the year was $77.9 million, up from $56.6 million Y/Y. CEO Guy Bernstein remains positive despite a slowdown in the second half of the year. Magic Software introduced a 2024 revenue guidance of $540-$550 million, well above the consensus of $473.77 million. MGIC shares rose 6.92% to $11.43 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 13, 2024 | 1:13 pm