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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

ASML

ASML Holding (NASDAQ:ASML) has delivered an average annual return of 29.9% over the past 15 years, turning a $1000 investment into $50,714.31 today. The company's market capitalization stands at $370.10 billion, showcasing its significant growth and outperformance in the market.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:30 pm

GD

Over the past 20 years, General Dynamics (NYSE:GD) has produced an average annual return of 9.4%, outperforming the market by 1.74% on an annualized basis. A $1000 investment in GD 20 years ago would be worth $5,976 today. General Dynamics currently has a market capitalization of $75.34 billion.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:30 pm

MRNA

Moderna's stock price has declined following a downgrade by HSBC from 'Hold' to 'Reduce', despite an increase in the price target from $75 to $86.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:24 pm