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EXPE

Expedia Group, Inc. (NASDAQ:EXPE) announced a workforce reduction of approximately 9%, affecting around 1,500 employees, as part of its organizational and technological transformation. The company anticipates incurring $80 million to $100 million in pre-tax charges and cash expenditures related to restructuring, with charges to be recorded in 2024. This announcement follows Expedia's recent earnings beat and the appointment of Ariane Gorin as the new CEO, effective May 13, 2024. EXPE shares rose 1.37% to $136.80.

Portfolio Pulse from Lekha Gupta

February 27, 2024 | 4:25 pm

IIPR

Innovative Industrial Properties, Inc. (IIPR) reported a 12% increase in 2023 revenue to $309.5 million, with Q4 revenue at $79.2 million. The growth is attributed to tenant reimbursements, acquisitions, leasing of new properties, and rental escalations. Net income for 2023 was $164.2 million, up from $153 million in 2022. Total expenses for the year rose to $135 million. The company's shares saw a 3.48% increase to $92.87 per share.

Portfolio Pulse from Jelena Martinovic

February 27, 2024 | 4:25 pm

HBAN

DA Davidson analyst Peter Winter upgrades Huntington Bancshares (NASDAQ:HBAN) from Neutral to Buy and raises the price target from $14 to $15.5.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:25 pm

WDAY

Goldman Sachs analyst Kash Rangan maintains a Buy rating on Workday (NASDAQ:WDAY) and raises the price target from $270 to $310.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:22 pm

HES

Hess Corporation's stock (HES) is trading lower due to uncertainty surrounding Chevron's acquisition deal for Hess amid a dispute between Exxon and Chevron over offshore oil assets in Guyana.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:18 pm

BITO

COIN

HOOD

Robinhood Markets, Coinbase Global, and the ProShares Bitcoin Strategy ETF hit new 52-week highs as Bitcoin spikes to $57,000. Robinhood's stock surged over 65% in the past year, with a new high of $16.25, despite a Neutral rating. Coinbase's stock, up 64.5% over the past year, reached $209.94, with a Buy rating and a price target of $129.74. The ProShares ETF, tracking Bitcoin futures, soared 86.5% over the past year, hitting a new high of $27.12.

Portfolio Pulse from Surbhi Jain

February 27, 2024 | 4:17 pm

CDXS

Codexis shares surged following the announcement of an exclusive licensing agreement with Roche for a newly engineered double-stranded DNA ligase. This partnership could potentially enhance Codexis' product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:17 pm

COST

Recent analysis of Costco Wholesale's (NASDAQ:COST) options trading reveals a bearish sentiment among financial giants, with 75% of trades showing bearish tendencies. The analysis highlighted unusual trades, including 6 puts and 2 calls, with a focus on a price window from $525.0 to $840.0. Costco's current stock price is $747.22, with an RSI indicating it may be overbought. Analyst ratings in the last month have varied, with an average target price of $736.8. The company's earnings announcement is expected in 9 days.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 4:16 pm

PLTR

Smart money investors have shown a significant interest in Palantir Technologies (NYSE:PLTR) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 14 unusual options trades, with a majority being bullish. The trades suggest an expected price range of $13.0 to $32.0 for PLTR over the next three months. The company, known for its analytical software, has seen its stock price increase by 0.68% to $23.72. Analysts have mixed opinions, with target prices ranging from $5 to $30.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 4:15 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) reported a 30.8% year-on-year sales growth for Q4 fiscal 2023, with revenues of $1.986 billion slightly above consensus. Adjusted EPS improved but missed expectations. The company saw a significant recovery compared to 2019, with total revenue and per Passenger Cruise Day up by 34% and 21%, respectively. Operating income turned positive, and adjusted EBITDA significantly improved. The company provided a strong outlook for 2024, expecting an Adjusted EPS of ~$1.23 and Adjusted EBITDA of ~$2.2 billion. Shares surged 17.5% to $18.72.

Portfolio Pulse from Akanksha Bakshi

February 27, 2024 | 4:12 pm