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WDAY

Financial analysis reveals a bearish sentiment among big money traders on Workday (NASDAQ:WDAY), with 68% of options trades showing bearish tendencies. The analysis of unusual trades found 10 puts and 9 calls, indicating expectations of price movements between $210.0 and $350.0. Workday, a cloud software company, is currently trading at $294.46, with analysts giving mixed ratings and target prices ranging from $293 to $350.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:45 pm

SNOW

Snowflake Inc (NYSE:SNOW) is in focus as it prepares to report Q4 earnings, with expectations of 18 cents per share on $759.25 million revenue. The company has a history of beating estimates and has seen multiple analysts raise price targets ahead of the earnings. Snowflake's FY23 revenue growth was 69.41%, influenced by various factors including the macroeconomic environment. Economic conditions such as interest rates, inflation, and labor market strength could impact Snowflake's performance in the coming year.

Portfolio Pulse from Adam Eckert

February 28, 2024 | 4:44 pm

FSLR

First Solar Inc (NASDAQ:FSLR) shares rose after reporting higher-than-expected Q4 earnings, with analysts providing positive outlooks despite subdued bookings. Analysts highlighted strong pricing, a robust backlog, and favorable guidance for 2024. Price targets were adjusted, reflecting confidence in the company's performance amidst a challenging solar market.

Portfolio Pulse from Priya Nigam

February 28, 2024 | 4:43 pm

LMAT

LeMaitre Vascular's shares surged following the announcement of their Q4 GAAP EPS exceeding expectations, coupled with optimistic guidance for Q1 and the full year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:41 pm

AAP

ADT

APLT

BYND

Advance Auto Parts reported Q4 revenues of $2.465 billion with a quarterly loss of 59 cents per share, causing its shares to rise by 5.3%. Other stocks like Beyond Meat, Applied Therapeutics, and ACM Research also saw significant gains following their respective earnings reports or company updates.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 4:38 pm

OSUR

OraSure Technologies' shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:33 pm

VTVT

vTv Therapeutics' shares were halted due to a circuit breaker triggered by a significant downside movement, despite the stock being up 117.4%.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:33 pm

VTVT

Trading of vTv Therapeutics shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:32 pm

MELI

Recent options trading activity for MercadoLibre (NASDAQ:MELI) shows a predominantly bearish sentiment among investors, with 81% of trades being bearish. The trading volume and open interest suggest a price target range of $1300 to $2100. MercadoLibre, a leading e-commerce platform in Latin America, has seen its stock price slightly decrease by -0.34%, with an RSI indicating it may be approaching oversold territory. Analysts from JP Morgan, Barclays, Wedbush, and Susquehanna have given the stock positive ratings, with an average target price of $2037.5.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:31 pm

ORLY

High-rolling investors have shown a bullish sentiment on O'Reilly Automotive (NASDAQ:ORLY), with options trading activity indicating a price target range of $690 to $1050 over the next three months. Benzinga's options scanner revealed 13 significant trades, predominantly calls, suggesting expectations of a price increase. The company, a leading aftermarket automotive parts retailer, is currently trading at $1081.75, with market experts maintaining positive ratings and target prices ranging up to $1200.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:31 pm