Streetbeat News

Stock Prices

SMXT

Trading for the IPO security SMXT was halted but has now resumed as of 12:40:00 PM ET.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:40 pm

CVNA

Carvana Co. (NYSE:CVNA) shares surged over 50% following its first-ever annual profit report last week. Analysts have revised price targets, with Morgan Stanley raising its target from $32 to $45. Despite a high short interest of 42.04%, the stock's significant movement is attributed to its earnings report. The average 1-year price target is $49.33, indicating a potential downside. Shares are currently trading up 18% at $82.45.

Portfolio Pulse from Erica Kollmann

February 27, 2024 | 5:39 pm

SLCA

U.S. Silica Holdings, Inc. (NYSE:SLCA) shares rose after reporting Q4 FY23 results with revenue of $336.04 million, down 19% Y/Y but with an adjusted EPS of $0.28, beating the consensus of $0.25. The Oil & Gas segment saw a 27% revenue decline, while the Industrial & Specialty Products segment's revenue fell 3%. The company highlighted strong customer commitments in the Oil and Gas segment and robust demand in the Industrial segment, expecting strong operating cash flow in 2024.

Portfolio Pulse from Lekha Gupta

February 27, 2024 | 5:38 pm

BAC

COIN

SOFI

WFC

Today's session highlighted significant options activity for financial stocks, with notable trades for SOFI, COIN, BAC, WFC, KKR, GS, AFRM, PMT, CFG, and BX. The activity ranged from bullish to bearish sentiments, involving both call and put options with varying expiration dates and strike prices. This options activity could indicate potential trading opportunities based on the sentiments expressed through these large transactions.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

AMZN

BIG

CAVA

CVNA

RIVN

ROST

TSLA

XPEV

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various stocks including TSLA, CVNA, CAVA, AMZN, BIG, JD, XPEV, ROST, LI, and RIVN, with notable transactions in call and put options. This unusual options activity could signal upcoming price movements in these stocks.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

AMD

MARA

NVDA

PANW

SOUN

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AMD, MARA, PANW, SOUN, MSTR, SMCI, PLTR, NTNX, and FTNT. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

TARS

Tarsus Pharmaceuticals shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:35 pm

BSX

DHR

KRTX

LLY

THC

XLK

XLV

Hedge funds are favoring the healthcare sector over technology and AI, allocating significantly more to healthcare in their portfolios. The Goldman Sachs Hedge Funds Monitor indicates a shift towards stability and value, with healthcare stocks being relatively underperforming and more affordable compared to technology. The Technology Select Sector SPDR Fund (XLK) has seen a 50% increase, while the Health Care Select Sector SPDR Fund (XLV) rose by 13.7%. Hedge funds have shown interest in specific healthcare stocks like Eli Lilly & Company (LLY), Tenet Healthcare Corp. (THC), Karuna Therapeutics (KRTX), Boston Scientific Corp. (BSX), and Danaher Corp (DHR).

Portfolio Pulse from Piero Cingari

February 27, 2024 | 5:34 pm

AAN

GOTU

Consumer Discretionary stocks showed significant movement in Tuesday's intraday session, with notable gainers including Gaotu Techedu, Singing Machine Co, Sonder Holdings, Jumia Technologies, Big Lots, and Norwegian Cruise Line, primarily driven by Q4 earnings releases. Conversely, Aarons, BT Brands, Qurate Retail, Cango, Zapp Electric Vehicles, and Chijet Motor Co experienced declines, with Aarons' drop attributed to its Q4 earnings announcement.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:31 pm

HIMS

JANX

NERV

VKTX

Health care stocks experienced significant movements in Tuesday's intraday session, with notable gainers including Janux Therapeutics, Viking Therapeutics, and CytomX Therapeutics, among others. Losers for the day included Minerva Neurosciences, NRX Pharmaceuticals, and Calidi Biotherapeutics. Factors influencing these movements include recent earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:31 pm