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BKNG

KDP

PANW

PCG

SEDG

SQ

Investor sentiment improved slightly according to the CNN Money Fear and Greed index, despite the Nasdaq Composite falling for a third session. U.S. mortgage applications dropped significantly, and the Federal Reserve's latest minutes indicated a cautious approach to interest rate reductions. Palo Alto Networks and SolarEdge Technologies saw significant stock declines after disappointing financial forecasts. The S&P 500 saw modest gains, led by consumer discretionary, energy, and utilities sectors, while information technology stocks fell. Investors are looking forward to earnings results from Block, PG&E Corporation, Keurig Dr Pepper, and Booking Holdings.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 7:17 am

KDP

NVDA

PCG

RIVN

SQ

NVIDIA Corporation reported better-than-expected Q4 financial results and strong revenue guidance, boosting its shares by 9.1%. Keurig Dr Pepper and PG&E Corporation are expected to report earnings, with KDP shares slightly up and PCG shares slightly down in after-hours trading. Rivian Automotive announced a wider loss than expected and plans to reduce its workforce by 10%, leading to a 15.3% drop in shares. Block, Inc. is also expected to report earnings, with its shares up 2.2% in after-hours trading.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 7:16 am

TSLA

Swedish trade union SEKO announced it will halt maintenance, service, and network expansion of Tesla Inc.'s (NASDAQ:TSLA) charging stations in Sweden in support of the IF Metall union's strike against Tesla. The strike, ongoing since October, aims to pressure Tesla into collective bargaining agreements for better wages and conditions. SEKO's actions, starting March 4, include a blockade on all work related to Tesla's charging stations, potentially affecting Tesla's operations and expansion in Sweden.

Portfolio Pulse from Anan Ashraf

February 22, 2024 | 7:12 am

IMOS

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) reported a significant increase in Q4 earnings per share, rising 207.14% to $0.43 from $0.14 YoY. Sales also increased by 22.62% to $187.00M from $152.50M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 7:04 am

TECK

Teck Resources (NYSE:TECK) reported Q4 adjusted earnings of $1.03 per share, surpassing the $1.00 estimate, and sales of $3.02B, slightly above the $3.01B estimate. This represents a significant increase from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 7:01 am

FFND

TSLA

Gary Black of Future Fund admitted he has been wrong about Tesla (TSLA) for three years, citing the stock's underperformance and his misjudgment on its volume growth and earnings power due to price cuts and a delayed affordable model. Despite these setbacks, he remains bullish on Tesla, expecting its stock to reach a $290 price target based on the assumption that other EV makers will reduce their investments.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 6:40 am

BORR

Borr Drilling (NYSE:BORR) reported Q4 earnings of $0.11 per share, surpassing the $0.07 estimate, marking a 222.22% increase from last year. Sales reached $220.60M, beating the $204.67M estimate, a 48.45% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:36 am

TK

Teekay Corporation (NYSE:TK) reported a decrease in Q4 adjusted EPS to $0.35 from $0.44 YoY and a sales decline to $339.19M from $393.48M YoY, indicating a 20.45% decrease in earnings and a 13.80% decrease in sales.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:32 am

BA

Boeing Co (NYSE:BA) is undergoing a leadership change in its 737 Max program following a recent incident where a door panel blew out during an Alaska Airlines flight. Ed Clark, the current head, will be replaced by Katie Ringgold, with Elizabeth Lund taking a new senior VP of quality role. This comes amid a series of challenges for Boeing, including quality issues, delivery delays, and intensified FAA inspections.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 6:16 am

LCID

RIVN

Elon Musk criticized Lucid Group Inc (LCID) and Rivian Automotive Inc (RIVN) following their quarterly earnings reports. Musk highlighted Lucid's reliance on Saudi Arabia's Public Investment Fund (PIF) for financial support, referring to it as 'Saudi sugar daddy' and commented on Lucid's market cap being significantly lower than Tesla's. He also warned that Rivian might face bankruptcy within six quarters due to its current trajectory, despite acknowledging the company's decent product design. Both companies reported losses for the fourth quarter, with Lucid missing revenue estimates and Rivian reporting a significant per-vehicle loss.

Portfolio Pulse from Anan Ashraf

February 22, 2024 | 6:10 am