Streetbeat News

Stock Prices

MRVL

Marvell Technology's stock price increased following an upgrade by UBS, which raised its price target from $70 to $83.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:21 pm

BNS

Scotiabank shares are trading higher following the announcement of better-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:21 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 27th, 2024, provides trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, including potential bullish and bearish price targets. The memo also highlights the importance of upcoming economic data releases and remarks from key figures, advising traders to maintain strategic discipline in today's trading session.

Portfolio Pulse from RIPS

February 27, 2024 | 3:19 pm

APA

APA Corporation's (NYSE:APA) short interest has increased by 10.39%, with 16.43 million shares sold short, representing 6.27% of its available trading shares. This indicates a bearish market sentiment towards APA, as it now has more short interest compared to its peers, with the peer group average at 6.22%. The rise in short interest suggests investors are expecting the stock price to fall, although it doesn't guarantee a near-term decline.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:15 pm

GDDY

GoDaddy's (NYSE:GDDY) short interest has decreased by 16.26% since the last report, with 2.23 million shares sold short, representing 2.06% of its float. This decrease in short interest could indicate a more bullish sentiment towards GDDY among traders. Compared to its peers, GoDaddy has a lower short interest percentage of float, with the average for its peer group being 5.85%.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:15 pm

WBD

Warner Bros. Discovery's (NYSE:WBD) short interest has decreased by 3.92% since the last report, with 82.69 million shares sold short, representing 3.43% of its float. This decrease in short interest could indicate a more bullish sentiment towards WBD among traders. Compared to its peers, WBD has a lower short interest percentage of float, with the average for its peer group being 7.67%.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:15 pm

SHIBUSD

Shiba Inu (SHIB) experienced a 10.7% increase in price, erasing a zero from its valuation, amid a community petition for a Shiba Inu ETF. The burn rate surged by 4,290.02%, with 70% of tokens burnt from the total supply. A major whale transaction involved receiving 293.98 billion SHIB tokens. Derivatives metrics show a significant surge in volume and open interest. A proposal for a Shiba Inu ETF was revealed by the marketing lead, aiming to assess its viability and market demand.

Portfolio Pulse from Khyathi Dalal

February 27, 2024 | 3:14 pm

AMZN

CMCSA

DIS

NFLX

Walt Disney Co (NYSE:DIS) is revamping its film division leadership to boost box office performance, with David Greenbaum replacing Sean Bailey. Greenbaum, from Searchlight Pictures, will oversee Disney Live Action and 20th Century Studios. The change follows underperforming releases like 'The Marvels.' Bailey, after a 14-year tenure, will now produce projects including 'Tron: Ares.' Disney aims to rejuvenate its entertainment offerings under CEO Bob Iger, facing competition from Comcast Corp's Universal Pictures and navigating cost-cutting and restructuring phases. DIS shares rose 0.46% to $108.15.

Portfolio Pulse from Anusuya Lahiri

February 27, 2024 | 3:09 pm

AZO

AutoZone Inc (NYSE:AZO) reported a 4.6% year-over-year sales growth for Q2 2024, reaching $3.86 billion and surpassing the consensus of $3.84 billion. The company saw a 0.3% increase in domestic same-store sales and a 10.6% increase in international sales on a constant currency basis. Gross margin expanded to 53.9%, and operating profit rose by 10.9% to $743.24 million. EPS was $28.89, beating the consensus of $26.28. AutoZone also repurchased 84 thousand shares worth $223.8 million and opened 26 new stores, bringing its total store count to 7,191. Shares surged by 4.65% to $2,899.41.

Portfolio Pulse from Akanksha Bakshi

February 27, 2024 | 3:07 pm

AIRC

CLPR

Apartment Income REIT (NYSE:AIRC) announces a dividend payout of $0.45 per share with an annualized yield of 5.47%, payable on February 27, 2024, to shareholders of record as of February 16, 2024. The company has shown a positive trend in dividend per share from $1.74 in 2021 to $1.80 in 2023 and an increase in earnings per share from $1.96 to $2.36 over the same period. Clipper Realty (NYSE:CLPR) leads the industry with a 7.68% annualized dividend yield.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:05 pm