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LIN

Linde PLC (NASDAQ:LIN) shares surged after reporting strong Q4 FY23 results with sales and adjusted EPS beating consensus. Sales rose 5% Y/Y to $8.30 billion, and adjusted EPS was $3.59, surpassing the $3.49 consensus. The company also reported a significant increase in operating profit and margin expansion. Linde expects adjusted EPS for Q1 2024 to be between $3.58 and $3.68, and FY24 adjusted EPS to be between $15.25 and $15.65. Additionally, Linde announced new renewable energy deals in China and an expanded agreement with Steel Authority of India Limited.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 6:26 pm

SPY

In a recent statement, Federal Reserve's Neel Kashkari expressed that a recession is not his base case scenario, suggesting a more optimistic outlook on the economy than some may have anticipated. This perspective could influence investor sentiment and market trends.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:23 pm

BA

SPR

The FAA Administrator announced that the process to allow Boeing to increase its 737 production has not been defined yet. An audit must be completed first, after which the FAA will decide how it impacts Boeing's 737 production increase.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:19 pm

FMC

GEHC

PLTR

SUNW

TM

FMC Corporation's shares fell by around 10% after reporting Q4 results below market expectations. Other stocks showed significant movement, with InVivo Therapeutics and Tenax Therapeutics among the top gainers, while Sunworks and BioRestorative Therapies led the losers. Notable movements were also seen in Palantir Technologies, GE HealthCare Technologies, and Toyota Motor Corporation following their earnings reports.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 6:17 pm

CIZN

OXY

TER

Recent insider purchases in Occidental Petroleum, Teradyne, and Citizens Holding indicate confidence in these companies. Warren Buffett's significant acquisition of Occidental Petroleum shares and analyst support highlight its potential. Teradyne's insider buy comes amid mixed financial results and cautious guidance. Citizens Holding sees insider buying despite a reported net loss, suggesting potential undervalued status.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 6:17 pm

AAPL

BRK-B

Berkshire Hathaway Inc (NYSE: BRK-B), led by Warren Buffett, is nearing a $1 trillion valuation, largely due to its substantial investment in Apple Inc (NASDAQ:AAPL). In 2023, Berkshire's stock rose 14%, and it has continued to climb in 2024, with a 7% surge in January and nearly 2% in February. The company's Q4 earnings report is highly anticipated after Q3 earnings exceeded expectations. The stock is approaching the significant $400 resistance level, closing at $390.76 on February 5.

Portfolio Pulse from Zaheer Anwari

February 06, 2024 | 6:15 pm

VMC

Vulcan Materials (NYSE:VMC) has seen an increase in short interest, now at 1.82 million shares or 1.54% of float, higher than its last report. This represents a 3.36% rise and takes approximately 2.78 days to cover based on trading volume. Short interest is a key indicator of market sentiment, and an increase suggests a more bearish outlook by investors. Vulcan's short interest is above its peer group average of 1.15%, indicating more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

OPEN

Opendoor Technologies (NYSE:OPEN) has seen a 5.41% increase in its short percent of float since the last report, reaching 13.63% of all shares available for trading. With 74.75 million shares sold short, it would take about 4.06 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards OPEN, although it doesn't necessarily predict a near-term price drop. Compared to its peers, OPEN has a higher short interest, suggesting more bearish sentiment than average within its peer group.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

BRBR

BellRing Brands (NYSE:BRBR) has seen a decrease in short interest, now at 2.46% of its float, down 18.54% from the last report. With 2.50 million shares sold short, it would take about 1.78 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards BRBR compared to its peers, where the average short interest is 6.27%.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

LIN

Linde's shares experienced an increase following the announcement of their Q4 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:15 pm