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CLS

MPLX

TSM

Jim Cramer advised caution on buying Taiwan Semiconductor (TSM) on the first dip despite its 7.9% revenue growth, praised MPLX LP for its better-than-expected Q4 results, and recommended selling a third of Celestica (CLS) shares after its positive financial report. MPLX and Celestica's shares saw varied movements, while TSM's shares fell.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 1:28 pm

BBGI

CIA

RVP

RZLT

Insiders at Retractable Technologies, Citizens, Beasley Broadcast Group, and Rezolute have recently made significant stock purchases. These transactions indicate insider confidence in the companies' prospects despite mixed financial results. Retractable Technologies reported a loss, Citizens showed revenue growth, Beasley Broadcast had downbeat sales, and Rezolute posted a narrower-than-expected loss.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 1:27 pm

IPX

PCT

As of Feb. 21, 2024, PureCycle Technologies, Inc. (PCT) and IperionX Limited (IPX) in the materials sector are considered overbought with RSI values of 70.28 and 72.51, respectively. PCT recently reported a production update, leading to a 32% stock increase over five days, while IPX is advancing in titanium production, with its stock up 38% over the past month.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 1:26 pm

PANW

Palo Alto Networks, Inc. (NASDAQ:PANW) reported Q2 results with revenue of $1.98 billion, surpassing estimates, and earnings of $1.46 per share, also above expectations. However, the company's Q3 guidance was below analyst estimates, leading to a slight stock price decline and analysts adjusting their price targets. Wedbush and Rosenblatt revised their price targets for PANW, with Wedbush maintaining an Outperform rating and Rosenblatt downgrading to Neutral.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 1:26 pm

IFF

International Flavors & Fragrances Inc (IFF) shares dropped premarket after reporting mixed Q4 FY23 results and announcing a dividend cut. Revenue slightly exceeded expectations, but adjusted EPS fell short. The company plans to halve its quarterly dividend to improve financial flexibility. FY24 outlook anticipates modest volume growth amid macroeconomic uncertainty, with sales projections below consensus. IFF also announced a new CEO, J. Erik Fyrwald.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 1:22 pm

RGEN

Repligen's shares are trading lower due to the company issuing weak guidance for the year 2024, indicating potential challenges ahead.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:17 pm

LULU

Lululemon Athletica's (NYSE:LULU) short interest has decreased by 16.72%, with 2.85 million shares sold short, representing 2.79% of its float. This decline in short interest could indicate a more bullish sentiment towards LULU among investors. Compared to its peers, LULU has a lower short interest percentage of float, with the average being 8.45%. Short interest is a critical metric for gauging market sentiment, and a decrease suggests that fewer traders are betting against the stock.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:15 pm

ELF

e.l.f. Beauty's (NYSE:ELF) short interest has decreased by 8.94% since the last report, with 2.97 million shares sold short, representing 7.64% of its float. This decrease in short interest could indicate a more bullish sentiment towards ELF among traders. The company's short interest is higher than its peer group average of 6.12%, suggesting it is more heavily shorted compared to its peers.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:15 pm

ABNB

Airbnb's (NYSE:ABNB) short interest has increased by 3.81% since the last report, with 18.69 million shares sold short, representing 4.36% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 5.53%. The article suggests that an increase in short interest doesn't necessarily predict a price drop and can be bullish.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:15 pm

CPT

FRT

VTR

Wall Street's most accurate analysts have provided updates on three real estate stocks with over 4% dividend yields: Camden Property Trust (CPT), Ventas, Inc. (VTR), and Federal Realty Investment Trust (FRT). CPT and VTR received mixed reviews but had positive recent news, while FRT had a downgrade due to weaker-than-expected sales.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 1:15 pm