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NVS

RHHBY

Roche Holdings AG and Novartis AG announced positive results from the Phase 3 OUtMATCH study of Xolair for treating multiple food allergies, showing increased tolerance to common allergens. The FDA approved Xolair's expanded use based on this data. NVS shares slightly declined.

Portfolio Pulse from Vandana Singh

February 26, 2024 | 3:52 pm

DELL

Dell Technologies announced the introduction of a new portfolio of commercial AI laptops and mobile workstations, leading to a rise in its shares.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:51 pm

NVDA

Nvidia (NASDAQ:NVDA) reported strong results, overshadowing hawkish Fed speeches and FOMC meeting minutes, leading to a rise in Treasury yields. The article discusses the impact of delayed Fed rate cuts, increased Treasury issuance, and the implications for various sectors, including technology, financials, and real estate. It highlights the importance of the Fed's policy on the broader market and specific sectors, with a focus on the potential underperformance of financials and rate-sensitive sectors.

Portfolio Pulse from Barry Knapp

February 26, 2024 | 3:50 pm

EWD

SPY

VGK

The Hungarian Parliament has officially approved Sweden's accession to NATO, marking a significant step in Sweden's journey to join the North Atlantic Treaty Organization. This development could have implications for defense-related stocks and ETFs, particularly those with exposure to European markets or the defense sector.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:47 pm

ARM

Arm Holdings' stock price increased following an upgrade by Rosenblatt, which raised its price target from $140 to $180.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:41 pm

PANW

Traders are closely monitoring Palo Alto Networks (PANW) following reports that Nancy Pelosi purchased call options on the stock on February 12th and 21st, 2024. This activity has sparked increased interest in PANW's stock among investors.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:38 pm

ITRI

Itron, Inc. (NASDAQ:ITRI) reported a 23% year-on-year increase in fourth-quarter FY23 revenue to $577.2 million, surpassing the consensus of $570.2 million. Adjusted EPS was $1.23, beating the consensus of $0.75, leading to a 15.2% increase in stock price to $86.30. Revenue growth was seen across all segments, with Device Solutions up 13%, Networked Solutions up 30%, and Outcomes up 10%. The company also reported $839 million in bookings, a total backlog of $4.5 billion, a gross margin increase to 34.0%, and $39 million in free cash flow. For FY24, Itron expects revenue between $2.275 billion and $2.375 billion and adjusted EPS between $3.40 and $3.80, both above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 3:38 pm

WEAV

Weave Communications' stock trades higher following an upgrade from Raymond James, moving from Outperform to Strong Buy, with a new price target of $15.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:33 pm

SPY

The Dallas Fed Texas Manufacturing Output Index for February showed a reading of 1, compared to -15.4 in the previous month, indicating a significant improvement in manufacturing output in Texas.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:32 pm

PDD

PDD Holdings' stock (NASDAQ:PDD) fell nearly 3% pre-market on Feb. 26 due to fears of a potential US import ban on its subsidiary Temu, amid allegations of forced labor connections in Xinjiang, China. Despite a 73% gain in 2023, PDD stock is down 12.7% this year. US lawmakers are considering adding Temu to the Uyghur Forced Labor Prevention Act violators list, which could significantly impact PDD's investment value and Temu's US market presence.

Portfolio Pulse from Surbhi Jain

February 26, 2024 | 3:31 pm