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POL

Shares of Polished Inc. were halted due to a circuit breaker after experiencing a significant drop of 57.4%.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:26 pm

POL

Trading of Polished Inc. shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:25 pm

AN

AutoNation, Inc. (NYSE:AN) shares fell by 2.8% after reporting Q4 results. Despite beating EPS and revenue expectations with $5.02 EPS and $6.767 billion in revenue, the company saw a 5% decrease in gross profit from the previous year. New vehicle sales increased by 8%, but used vehicle sales dropped by 4%. CEO Mike Manley expressed confidence in the company's strong balance sheet and operating plan for 2024. AutoNation reported $1.5 billion in liquidity as of December 31, 2023.

Portfolio Pulse from Nabaparna Bhattacharya

February 13, 2024 | 5:25 pm

AAPL

On CNBC, Stephanie Link announced she has increased her investment in Apple, signaling confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:22 pm

GT

The Goodyear Tire & Rubber Company (GT) shares dropped following the announcement of disappointing Q4 revenue results and weaker than expected Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:21 pm

HWM

Howmet Aerospace Inc (NYSE:HWM) shares rose after reporting strong Q4 FY23 results, with a 14% Y/Y revenue increase to $1.73 billion, surpassing the $1.65 billion consensus. Adjusted EPS grew 39% Y/Y to $0.53, beating the $0.47 consensus. The company also highlighted a positive outlook for FY24, expecting revenue between $7.00 billion and $7.20 billion and adjusted EPS of $2.10-$2.20. Howmet's optimistic outlook is supported by strong commercial aerospace demand and record backlogs at aircraft OEMs.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 5:16 pm

WBA

Walgreens Boots Alliance (NASDAQ:WBA) has seen significant options activity, with a bearish sentiment prevailing among investors. Analysis of 9 trades reveals 33% bullish and 66% bearish positions, with options targeting a price range of $10.0 to $25.0. The stock is currently trading at $22.58, down by -0.22%, with an RSI indicating a neutral position. The company, a major retail pharmacy chain in the U.S., is preparing for its earnings release in 42 days.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:15 pm

PEG

Public Service Enterprise Group (PSEG) has increased its quarterly stock dividend from $0.57 to $0.60 per share, marking the 13th consecutive annual increase and extending its dividend-paying track record to 117 years. The new indicative annual dividend rate is $2.40 per share, with the next dividend payable by March 29, 2024, to shareholders of record as of March 8, 2024. This decision underscores PSEG's commitment to providing consistent and sustainable dividend growth for its shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:15 pm

CAR

Avis Budget Group's shares are trading lower due to the company reporting Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:15 pm

CLSK

COIN

HUT

MARA

MSTR

RIOT

Crypto-related stocks including CLSK, COIN, HUT, MARA, MSTR, and RIOT are trading lower due to a decline in Bitcoin, which was triggered by a higher-than-expected increase in US inflation.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:14 pm