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META

SONY

Sony Group Corp. (NYSE:SONY) announced plans to introduce PC support for its PS VR2 system in 2024, aiming to expand its game offerings beyond the PS5. The PS VR2, which debuted last year with over 30 games, has not had recent sales figures released, raising concerns about its performance. In comparison, Meta Platforms Inc.'s (NASDAQ:META) Meta Quest outsold the PS VR2 by over 30 units for each PS VR2 unit on Amazon in the U.S. during the holiday season.

Portfolio Pulse from Franca Quarneti

February 22, 2024 | 6:59 pm

STWD

Starwood Property Trust, Inc. (NYSE:STWD) reported Q4 FY23 earnings with revenue of $522.3 million, missing estimates but beating EPS consensus with $0.58. The company saw repayments of $1.1 billion and securitized $467 million of loans. Its servicing portfolio grew to $6.6 billion. Despite challenges in the real estate market due to rapid interest rate increases, STWD shares rose 2.49% to $19.93.

Portfolio Pulse from Lekha Gupta

February 22, 2024 | 6:58 pm

MSFD

MSFT

MSFU

Microsoft is leading in AI with its investment in OpenAI, powering products like Copilot, and leveraging Azure for backend processing. This has propelled Microsoft's growth, with Azure's revenue up 30% last quarter. The partnership with OpenAI, especially in AI and cloud services, is challenging AWS's market dominance. For investors, Direxion offers leveraged ETFs, MSFU for bulls and MSFD for bears, to capitalize on Microsoft's performance.

Portfolio Pulse from Johnny Rice

February 22, 2024 | 6:58 pm

META

Meta Platforms Inc (NASDAQ:META), the parent company of Facebook, announced its interpretation of a new Indonesian law requiring digital platforms to compensate news publishers does not apply to them for content posted voluntarily on its platforms. This comes as Indonesia enacts a law aimed at addressing the power imbalance between digital platforms and news content providers, similar to Australia's News Media Bargaining Code. Meta's stance follows discussions with the Indonesian government and amidst a broader dispute over content compensation. META shares saw a 4.44% increase to $488.82.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 6:55 pm

RACE

Ferrari (NYSE:RACE) stock reached a new 52-week high of $411.90, outperforming the S&P 500 Index significantly over the past year and so far in 2024. Key growth drivers include Warren Buffett's endorsement, a 34% surge in net profit for 2023, raised forecasts for 2024, full order books until 2025, and an approaching $100 billion market cap. UBS rated the stock a Buy with a price target of $448. Ferrari's share buyback program and competitive differentiation in the auto sector also contribute to its strong performance.

Portfolio Pulse from Surbhi Jain

February 22, 2024 | 6:54 pm

ENOV

Enovis Corporation (NYSE:ENOV) reported Q4 net sales of $455 million, an 11% increase year-over-year, surpassing the consensus estimate. The growth was attributed to execution in P&R, Recon growth, and recent acquisitions. Q4 net income from continuing operations was $3 million with adjusted EBITDA of $82 million. The company beat adjusted EPS estimates with $0.79 versus the consensus of $0.74. For FY 2024, Enovis forecasts revenue between $2.05 billion and $2.15 billion, including contributions from the Lima acquisition. Adjusted EBITDA is expected to be between $365 million and $380 million, with adjusted EPS forecasted at $2.50-$2.65, below the consensus of $2.71. William Blair maintains an 'Outperform' rating on ENOV shares, which are up 7.56% at $64.83.

Portfolio Pulse from Vandana Singh

February 22, 2024 | 6:51 pm

RIOT

Recent analysis of unusual options activity for Riot Platforms (NASDAQ:RIOT) shows a bullish sentiment among traders, with 70% of trades being bullish. The analysis revealed 10 unusual trades, including 2 puts valued at $63,525 and 8 calls valued at $348,030, targeting a price window of $15.0 to $35.0. Riot Platforms, a Bitcoin mining company, is currently trading at $15.23, up by 0.86%, with an RSI suggesting it may be approaching overbought. An earnings release is anticipated in 11 days, and an analyst from Needham maintains a Buy rating with a target price of $18.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 6:46 pm

DHR

Recent options trading trends for Danaher (NYSE:DHR) show a bearish sentiment among high-rolling investors, with 66% bearish and 33% bullish trades. Benzinga's options scanner identified unusual activity, including 9 trades with a focus on a price range of $95.0 to $290.0. The current market price of DHR is $251.0, with a 0.14% increase and a potential overbought status. Analysts have set an average price target of $272.4, with varying ratings from Outperform to Equal-Weight.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 6:45 pm

LULU

Financial analysts have observed a bullish sentiment in the options trading for Lululemon Athletica (NASDAQ:LULU), with 58% of trades being bullish. The analysis highlighted a focus on a price range between $440.0 and $490.0 for LULU, based on unusual trading activity. The company, known for its athletic apparel and accessories, has seen its stock price increase by 1.02% to $448.0. Analyst opinions on LULU are mixed, with a downgrade from Needham to Buy at a target price of $525 and a downgrade from Exane BNP Paribas to Underperform with a target price of $415.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 6:45 pm

NVDA

Needham analyst Quinn Bolton has maintained a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $600 to $850, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:42 pm