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Stock Prices

INSG

Inseego shares are trading lower due to the company reporting worse-than-expected Q4 EPS results.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:49 pm

CMCSA

DIS

PARA

WBD

Warner Bros Discovery Inc (NASDAQ:WBD) achieved streaming profitability ahead of Disney (NYSE:DIS), Comcast (NASDAQ:CMCSA), and Paramount Global (NASDAQ:PARA), despite missing Q4 revenue and earnings estimates and experiencing a 12% stock drop. The company reported a significant year-over-year increase in free cash flow and reduced its gross debt by paying off $12 billion over two years. Max, Warner Bros' streaming service, became profitable in 2023, with plans to expand internationally. In contrast, Disney+, NBCUniversal's Peacock, and Paramount are still striving for profitability in the streaming sector.

Portfolio Pulse from Upwallstreet

February 23, 2024 | 5:46 pm

WCC

WESCO International, Inc. (NYSE:WCC) shares rose after announcing the sale of its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc. for $350 million. The sale includes most of WESCO's MRO integrated supply business in North America and Europe, which had annual net sales of approximately $784 million in 2023. The proceeds will be used for debt reduction and share repurchases. WESCO's long-term debt as of Dec. 31, 2023, was $5.313 billion. The sale supports WESCO's strategy to focus on areas with the strongest growth and profit potential and is expected to close in the second quarter following regulatory approval.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 5:41 pm

SNBR

Sleep Number's stock (SNBR) is trading higher following the announcement of Q4 financial results that exceeded expectations. Additionally, Wedbush has maintained a Neutral rating on SNBR but increased its price target from $12 to $13.5.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:40 pm

TRUP

UVE

Insurance stocks showed notable movements in Friday's intraday session. Universal Insurance Holdings led the gainers with a 16.66% rise, attributed to its Q4 earnings report. Other gainers included Heritage Insurance, Reliance Global Group, Goosehead Insurance, Genworth Financial, and American Coastal, with their movements also influenced by recent earnings reports. On the downside, Trupanion, Donegal Group, Maiden Holdings, Crawford, Safety Insurance Group, and eHealth experienced declines. The movements reflect the market's reaction to recent earnings reports and overall trading activity.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:40 pm

TSLA

TSLL

TSLS

Tesla, Inc (TSLA) has been trading mostly flat, showing a significant lag compared to its peers, particularly NVIDIA Corporation (NVDA), which surged about 57% since the start of 2024. Tesla has fallen about 22% in the same period. Despite this, a technical analysis suggests a potential reversal for Tesla due to a triangle pattern and hidden bullish divergence on its chart. For traders looking to leverage Tesla's potential rebound, Direxion Daily TSLA Bull 1.5X Shares (TSLL) and Direxion Daily TSLA Bear 1X Shares (TSLS) offer leveraged and inverse investment options respectively.

Portfolio Pulse from Melanie Schaffer

February 23, 2024 | 5:36 pm

BAC

COIN

HDB

KKR

LMND

USB

Today's session highlighted significant options activity for 10 financial stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, suggesting shifts in market sentiment for stocks like SQ, USB, C, MS, BAC, HDB, LMND, KKR, V, and COIN. The activity ranged from bullish to bearish sentiments, with notable trades in both call and put options across various expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:35 pm

AMZN

BABA

CVNA

RIVN

TSLA

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, suggesting shifts in market sentiment for stocks like TSLA, RIVN, CVNA, BABA, AMZN, QRTEA, CPNG, LVS, FL, and CROX. The activity varied from bullish to bearish sentiments, with notable trades in both call and put options across various expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:35 pm

AMD

AVGO

INDI

MARA

MSFT

MSTR

NVDA

PLTR

SMCI

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AMD, PLTR, SMCI, INDI, MSFT, MSTR, MARA, AVGO, and MU. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices. This options activity could indicate upcoming trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:35 pm

BKNG

Booking Holdings, Inc. (NASDAQ:BKNG) reported Q4 earnings of $32.00 per share, surpassing estimates and marking a 29.35% increase from the previous year. Sales reached $4.78 billion, also beating estimates with an 18.15% year-over-year growth. The company initiated a quarterly dividend of $8.75 per share. Analysts from RBC Capital and Wedbush maintained an Outperform rating, with raised price targets. Despite positive results and outlook, BKNG shares dropped 9.58% to $3,528.30.

Portfolio Pulse from Erica Kollmann

February 23, 2024 | 5:34 pm