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GMM

IRDM

MITQ

SJ

The article highlights four oversold tech and telecom stocks in the communication services sector with RSI values near or below 30, indicating potential for growth in February. These include Scienjoy Holding Corporation (SJ), Global Mofy Metaverse Limited (GMM), Moving iMage Technologies, Inc. (MITQ), and Iridium Communications Inc. (IRDM). Each company's recent performance and stock price action are discussed, suggesting a short-term investment opportunity.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 11:54 am

ASIX

AdvanSix (NYSE:ASIX) reported Q4 adjusted EPS of $(0.10), surpassing the $(0.21) estimate, and sales of $382.21M, exceeding the $335.87M estimate. This represents a 107.87% decrease in EPS and a 5.41% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:31 am

B

Barnes Group (NYSE:B) reported Q4 adjusted EPS of $0.41, surpassing the $0.35 estimate, but sales of $415.54M fell short of the $420.47M estimate. This represents a 21.15% decrease in earnings and a 32.56% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:31 am

GOOG

GOOGL

MSFT

Alphabet Inc.'s Google quadrupled a salary offer to retain an employee targeted by Perplexity AI, highlighting the intense competition and talent wars in the AI sector. Despite recent layoffs, Google's move indicates the high value it places on key personnel. This comes as Google faces increasing competition from AI startups like OpenAI, backed by Microsoft, and others aiming to challenge Google Search's dominance.

Portfolio Pulse from Rounak Jain

February 16, 2024 | 11:22 am

BGNE

PRDSY

XPEV

The Hang Seng Index is set to expand by potentially including Prada (OTC:PRDSY), XPeng (NYSE:XPEV), and BeiGene (NASDAQ:BGNE) in its upcoming quarterly review. This move aims to boost the global market presence and appeal of Hong Kong's stock market, which has faced challenges including a more than 6% drop this year. The inclusion of foreign and electric vehicle companies could enhance the market's diversity and attractiveness to global companies.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 11:19 am

PVH

TD Cowen analyst John Kernan upgraded PVH Corp (NYSE:PVH) from Market Perform to Outperform and increased the price target from $86 to $150.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:18 am

AMX

Jefferies analyst Alex Wright upgrades America Movil (NYSE:AMX) from Hold to Buy and increases the price target from $19.16 to $22.22.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:15 am

MMI

Marcus & Millichap (MMI) remains optimistic about its long-term growth prospects despite current market challenges, including ongoing price discovery and wider bid/ask spreads. The company anticipates overcoming these near-term obstacles by the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:13 am

MSTR

MicroStrategy Inc (NASDAQ:MSTR), the largest corporate holder of Bitcoin, is on the path to potentially join the S&P 500 index. If included, this could significantly expose Bitcoin to a wide range of investment portfolios, including traditional 401k and pension funds. The company's market cap and profitability are approaching the eligibility criteria for the S&P 500, but inclusion is not guaranteed and depends on the U.S. Index Committee's approval. MicroStrategy's investment in Bitcoin has been profitable, with the company holding around 190,000 BTC.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 11:00 am

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) teased the launch of its new electric-vehicle platform, R2, with a video emphasizing adventure. The global unveiling is set for March 7, with reservations opening during the event for a $100 deposit. The R2 aims to offer a compact design and lower price, targeting the midsize SUV market. Rivian's stock rose 1.41% in premarket trading following the announcement.

Portfolio Pulse from Shanthi Rexaline

February 16, 2024 | 10:18 am