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Ardelyx Lead Drug Growth Fails To Lift Sentiment, Stock Drops
Benzinga· 2026-02-20 11:50
Ardelyx Inc. (NASDAQ:ARDX) shares are down during Friday’s premarket session following a recent financial update for the fourth quarter of 2025.Ardelyx reported breakeven versus the consensus earnings of 1 cent. Sales reached $125.22 million, beating the consensus of $118.13 million.Lead Drugs PerformanceThe company reported that IBSRELA (tenapanor) revenue grew 73% in 2025 to $274.2 million, contributing to total revenues of $407.3 million. The company recorded $86.6 million in IBSRELA revenue in the fourt ...
Why Is Opendoor Technologies Stock Soaring Friday? - Opendoor Technologies (NASDAQ:OPEN)
Benzinga· 2026-02-20 11:39
Core Viewpoint - Opendoor Technologies Inc. reported fourth-quarter financial results that exceeded analyst expectations, leading to a rise in share price during premarket trading [1]. Q4 Earnings Performance - For the quarter ended December, Opendoor reported revenue of $736 million, significantly surpassing the analyst estimate of $594.02 million [2]. - The company posted an adjusted loss of seven cents per share, better than the consensus estimate for a loss of 10 cents per share [2]. Operational Performance - The company purchased 1,706 homes during the quarter, marking a 46% increase compared to the previous quarter [3]. - Inventory velocity improved, with the percentage of homes on the market for over 120 days decreasing from 51% to 33% sequentially [3]. Management Commentary - CEO Kaz Nejatian attributed the strong performance to a revamped operational strategy, highlighting improvements in pricing accuracy, faster inventory turnover, and disciplined selection [4]. - The October 2025 acquisition cohort is projected to be the most profitable in the company's history, indicating improved contribution margins [4]. Future Outlook - For the first quarter of 2026, Opendoor expects revenue to decrease approximately 10% year-over-year [5]. - Management anticipates an adjusted EBITDA loss in the low to mid $30 million range, but expects to exit Q1 2026 with the highest contribution margin since Q2 2024 [5]. Short Interest Data - Short interest in Opendoor decreased from 119.12 million to 118.17 million shares, representing 13.83% of the company's float [6]. - The current short-to-cover ratio stands at 2.4 days, based on an average daily trading volume of 49.24 million shares [6]. Earnings & Analyst Outlook - The next major catalyst for the stock is the earnings report scheduled for May 5 [7]. - The stock currently carries a Hold Rating with an average price target of $2.59 [7]. - Recent analyst actions include Citigroup's Sell rating with a target raised to $1.40 and Keefe, Bruyette & Woods' Underperform rating with a target raised to $2.00 [8].
LyondellBasell recalibrates quarterly dividend - LyondellBasell Industries (NYSE:LYB)
Benzinga· 2026-02-20 11:30
Core Viewpoint - The release contains forward-looking statements regarding LyondellBasell's future performance, which are based on management's reasonable assumptions but are subject to significant risks and uncertainties [1] Group 1: Market Conditions - The company acknowledges the impact of prolonged industry downturns and the cyclicality of the chemical and polymers industries on its performance [1] - Factors such as industry production capacities, operating rates, and global capacity rationalizations are critical to the company's outlook [1] Group 2: Financial Performance - The company emphasizes the importance of maintaining an investment-grade credit balance sheet and executing its capital allocation strategy, including the ability to pay dividends [1] - Management's ability to manage costs and generate anticipated earnings through initiatives identified in the Value Enhancement Program is highlighted [1] Group 3: Supply and Demand - The balance of supply and demand for the company's products and those of its joint ventures is a significant factor influencing future results [1] - The potential impacts of tariffs and trade disruptions on the company's operations are acknowledged [1] Group 4: Cash Flow Management - The company aims to reduce fixed costs, working capital, and capital expenditures while increasing cash flow [1]
AMD Backs $300 Million Loan For Crusoe's AI Chip Deployment, Mimicking Nvidia's Strategy: Report - Advanced Micro Devices (NASDAQ:AMD), CoreWeave (NASDAQ:CRWV)
Benzinga· 2026-02-20 11:26
Group 1 - Advanced Micro Devices (AMD) has agreed to guarantee a $300 million loan for cloud computing startup Crusoe, with a proposal to buy back chips if Crusoe fails to attract customers [1][2] - The loan, backed by Goldman Sachs, has a locked-in interest rate of around 6%, significantly lower than what Crusoe would have achieved without AMD's backing [2] - Crusoe is installing AMD chips in a new data center in Ohio, transitioning from a cryptocurrency focus to AI infrastructure, and is part of the emerging "neoclouds" sector [2] Group 2 - AMD is making strategic moves to compete with Nvidia, including expanding its partnership with Tata Consultancy Services to roll out a new AI data center design [4] - In Q4, AMD reported record revenue of $10.3 billion, a 34% year-over-year increase, with the Data Center segment reaching $5.4 billion and expected to grow over 60% annually in the next three to five years [4] - AMD has a momentum score of 88.93% and a quality rating of 92.81%, although its shares have declined 8.99% year-to-date [5]
Top 3 Industrials stocks That May Rocket Higher In February - Avis Budget Gr (NASDAQ:CAR), Huron Consulting Gr (NASDAQ:HURN)
Benzinga· 2026-02-20 11:25
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major oversold players ...
Top 3 Industrials stocks That May Rocket Higher In February
Benzinga· 2026-02-20 11:25
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major oversold players ...
GM Recalls 43K SUVs Over Transmission Defect That Could Lock Rear Wheels - General Motors (NYSE:GM)
Benzinga· 2026-02-20 10:19
General Motors Co. (NYSE:GM) has issued a recall of multiple SUVs in its lineup due to a transmission issue that could cause the rear wheels to lock up.43K Vehicles RecalledGM is recalling the 2022 Chevrolet Tahoe and Suburban, the GMC Yukon and Yukon XL, as well as the Cadillac Escalade and Escalade ESV SUVs equipped with the company's 10-speed automatic transmission, the company said in its acknowledgement to NHTSA on Thursday.The recall was issued due to a problem with the transmission control valve, whi ...
Why Comfort Systems Shares Are Trading Higher By Around 5%; Here Are 20 Stocks Moving Premarket - AIOS Tech (NASDAQ:AIOS), Akamai Technologies (NASDAQ:AKAM)
Benzinga· 2026-02-20 10:16
Comfort Systems reported quarterly earnings of $9.37 per share which beat the analyst consensus estimate of $6.75 per share. The company reported quarterly sales of $2.646 billion which beat the analyst consensus estimate of $2.337 billion.Comfort Systems shares jumped 4.6% to $1,436.25 in the pre-market trading session.Here are some other stocks moving in pre-market trading.GainersLosersPhoto via Shutterstock ...
Stock Market Today: Dow Jones, S&P 500 Futures Rise Ahead Of Q4 GDP Numbers—Grail, Candel Therapeutics, Copart In Focus - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
Benzinga· 2026-02-20 09:57
Market Overview - U.S. stock futures rose on Friday after a decline on Thursday, with all major benchmark indices showing positive futures [1] - Wall Street is anticipating the release of fourth-quarter GDP data and the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditure Price Index [1] Treasury Bonds - The 10-year Treasury bond yielded 4.07%, while the two-year bond was at 3.47% [2] - The CME Group's FedWatch tool indicates a 94% likelihood of the Federal Reserve maintaining current interest rates in March [2] Index Performance - Dow Jones increased by 0.26%, S&P 500 by 0.37%, Nasdaq 100 by 0.47%, and Russell 2000 by 0.34% [3] Stocks in Focus - Copart Inc. (NASDAQ: CPRT) dropped 6.64% after reporting quarterly earnings of 36 cents per share, missing the consensus estimate of 40 cents [6] - Comfort Systems USA Inc. (NYSE: FIX) rose 4.57% after better-than-expected fourth-quarter results and an increase in its quarterly dividend [6] - Candel Therapeutics Inc. (NASDAQ: CADL) declined 12.27% following a $100 million public stock offering [7] Sector Performance - Utilities led gains with a 1.13% increase, while Financials experienced the steepest decline, dropping 0.86% [8] Analyst Insights - Scott Wren from Wells Fargo Investment Institute has upgraded the GDP growth forecast to 2.9% from 2.4%, maintaining a bullish outlook on the U.S. economy [9] - Wren recommends focusing on sectors sensitive to growth, specifically Financials and Industrials, which are expected to benefit from AI infrastructure developments [10] - Wren views market pullbacks as opportunities for investment in large- and mid-cap domestic equities, rejecting a defensive positioning strategy [10]
Stock Market Today: Dow Jones, S&P 500 Futures Rise Ahead Of Q4 GDP Numbers—Grail, Candel Therapeutics, Copart In Focus
Benzinga· 2026-02-20 09:57
Market Overview - U.S. stock futures rose on Friday after a decline on Thursday, with all major benchmark indices showing positive futures [1] - Wall Street is anticipating the release of fourth-quarter GDP data and the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditure Price Index [1] Treasury Bonds - The 10-year Treasury bond yielded 4.07%, while the two-year bond was at 3.47% [2] - The CME Group's FedWatch tool indicates a 94% likelihood that the Federal Reserve will keep interest rates unchanged in March [2] Index Performance - Dow Jones increased by 0.26%, S&P 500 by 0.37%, Nasdaq 100 by 0.47%, and Russell 2000 by 0.34% [3] Company Performance - Copart Inc. (NASDAQ: CPRT) dropped 6.64% after reporting quarterly earnings of 36 cents per share, missing the consensus estimate of 40 cents [6] - Comfort Systems USA Inc. (NYSE: FIX) rose 4.57% after better-than-expected fourth-quarter results and an increase in its quarterly dividend [6] - Candel Therapeutics Inc. (NASDAQ: CADL) declined 12.27% following the announcement of a $100 million public stock offering [7] Sector Insights - Utilities led gains with a 1.13% increase, while Financials experienced the steepest decline, dropping 0.86% [8] Analyst Insights - Scott Wren from Wells Fargo Investment Institute has upgraded the GDP growth forecast to 2.9% from 2.4%, maintaining a bullish outlook on the U.S. economy [9] - Wren recommends focusing on sectors sensitive to growth, specifically Financials and Industrials, which are expected to benefit from AI infrastructure developments [10] - Wren views market pullbacks as opportunities to invest in large- and mid-cap domestic equities rather than retreating into defensive assets [10] Upcoming Economic Data - Key economic data to be released includes fourth-quarter GDP, personal income, spending, and PCE data, along with February's S&P flash U.S. services and manufacturing PMI [13]