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BELFB

CSPI

SMCI

In Thursday's intraday session, 12 Information Technology stocks showed significant movement. CSP, Infobird Co, Mercurity Fintech Holding, Super Micro Computer, One Stop Systems, and NOVONIX were the gainers with CSP leading at a 45.8% increase. On the downside, Bel Fuse, MMTEC, CISO Global, MicroCloud Hologram, and Datasea were among the losers, with Bel Fuse experiencing a 26.8% drop following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:31 pm

CAT

Caterpillar (NYSE:CAT) has seen significant options trading activity, with a bullish sentiment prevailing among investors. Analysis of 16 trades reveals 68% bullish and 31% bearish expectations. The trades focus on a price range of $310.0 to $480.0 for Caterpillar, with the largest trades being bullish calls and bullish puts. Caterpillar, a leading manufacturer of heavy equipment, is currently trading at $320.38, up 1.02%, with analysts giving mixed ratings but a consensus target price of $332.4.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:31 pm

SYK

Over the past 20 years, Stryker (NYSE:SYK) has produced an average annual return of 10.95%, outperforming the market. A $1000 investment in SYK 20 years ago would be worth $7,914.84 today. Stryker's market capitalization currently stands at $132.37 billion.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:30 pm

CNQ

Over the past 20 years, Canadian Natural Resources (NYSE:CNQ) has produced an average annual return of 11.94%, outperforming the market. A $1000 investment in CNQ 20 years ago would now be worth $9,432.11. The company currently has a market capitalization of $70.14 billion.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:30 pm

GEHC

On CNBC, Stephanie Link announced she has increased her investment in GE HealthCare Technologies (GEHC), signaling confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:28 pm

PLNT

Planet Fitness Inc (NYSE:PLNT) reported a 1.4% year-over-year sales growth for Q4 fiscal 2023, with revenues of $285.1 million slightly beating consensus estimates. The company saw increases in system-wide same-store sales, franchise segment revenue, and corporate-owned store revenue, while equipment revenue declined. Operating costs decreased, and both operating income and adjusted EBITDA rose. Planet Fitness opened 77 new stores, ending the year with 2,575 stores. The company provided a positive outlook for 2024, expecting revenue, adjusted EBITDA, and adjusted EPS growth. CFO Tom Fitzgerald announced his retirement, and Christopher Rondeau resigned from the board due to disagreements. PLNT shares dropped 2.89% to $63.96.

Portfolio Pulse from Akanksha Bakshi

February 22, 2024 | 5:28 pm

W

Wayfair's stock price increased after the company reported its Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:27 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) reported a Q4 loss wider than expected and plans to cut its salaried workforce by 10%. Despite beating revenue estimates with $1.32 billion, its loss per share of $1.36 missed expectations. The company anticipates producing 57,000 vehicles in 2024 with an adjusted EBITDA loss of $2.7 billion. Following the report, Rivian's shares dropped 25.2% to $11.52. Analysts from Needham, B of A Securities, and DA Davidson adjusted their price targets on RIVN, all maintaining their previous ratings.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 5:26 pm

GLT

Glatfelter shares have experienced an increase in trading volume and price following the announcement of their fourth quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:24 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) experienced a cybersecurity breach by Russian state-sponsored hackers, impacting senior executives' email accounts from late November 2023 to mid-January 2024. Despite this, Microsoft's stock has shown resilience, surging 91% since November 2022 and maintaining a bullish trend. The breach caused volatility, with the stock reaching $420 on February 9th before dropping to around $400. The company's response to the breach and its ability to maintain investor confidence are crucial for its financial performance moving forward.

Portfolio Pulse from Zaheer Anwari

February 22, 2024 | 5:22 pm