Workflow
Benzinga
icon
Search documents
Caesar's Stock Climbs After Mixed Q4 Earnings Report, Record Digital EBITDA
Benzinga· 2026-02-17 21:58
Here's a look at the details in the report. CZR stock is moving. Watch the price action here.The Details: Caesars Entertainment reported quarterly losses of 33 cents per share which missed the analyst estimate for losses of 17 cents, according to data from Benzinga Pro. Quarterly revenue clocked in at $2.92 billion which beat the Street estimate of $2.89 billion and was up from $2.8 billion in the same period last year.Same-store adjusted EBITDA was $901 million versus $882 million for the comparable prior- ...
Buffett's Final Filing: Berkshire Initiates New York Times Stake, Slashes Amazon Position Before CEO Transition
Benzinga· 2026-02-17 21:53
Core Insights - Berkshire Hathaway disclosed a new position in New York Times Co with 5,065,744 shares in the fourth quarter ending December 31, 2025 [1] - The company clarified its positions within the Liberty Media ecosystem, maintaining its stake in Liberty Formula One with 3,018,555 shares [1] Portfolio Changes - The fourth quarter 13F filing revealed changes in existing stocks, highlighting the top decreased stakes by percentage [2] - Despite a decrease in the Apple position, it remains the largest holding in Berkshire Hathaway's investment portfolio [2]
Prediction Market ETFs? Roundhill Files For 6 Political Funds For 2026, 2028 Elections - Roundhill Sports Betting & iGaming ETF (ARCA:BETZ), DraftKings (NASDAQ:DKNG)
Benzinga· 2026-02-17 21:39
Core Insights - The rise of prediction markets is impacting the sports-betting sector, with consumers increasingly using platforms like Kalshi, Polymarket, and Robinhood for wagering on various outcomes, including sports, entertainment, and politics [1] - Roundhill Investments has filed for six politically focused prediction-market ETFs, which could further influence the sector [1] Group 1: Roundhill's Prediction Market ETFs - The proposed ETFs will focus on political outcomes related to the 2026 and 2028 elections, allowing investors to speculate on and profit from election results [3] - The Democratic President ETF aims for capital appreciation if a Democrat wins the 2028 presidential election, with similar conditions for the Republican version and funds tied to the 2026 elections [3] - The ETFs will invest in event contracts regulated under the Commodity Exchange Act and overseen by the CFTC, with no specific exchange mentioned for the contracts [4] Group 2: ETF Functionality and Market Dynamics - The ETFs will not terminate if they lose money based on election outcomes; instead, they will shift focus to the next election cycle, and funds that correctly predict outcomes will undergo a reverse stock split [4] - Roundhill's CEO noted that sportsbooks are not being displaced by prediction markets, which offer simplicity and different pricing mechanics [6] - The pace of convergence in this market will depend on regulation, but innovative disruption indicates the longevity of sports betting and gambling markets [7]
Nano Nuclear Stock Climbs After Narrower Q1 Loss: Details
Benzinga· 2026-02-17 21:37
Here's a look at the details in the report. NNE stock is moving. Watch the price action here.The Details: Nano Nuclear reported quarterly losses of 13 cents per share which beat the consensus estimate for losses of 29 cents per share. The company expects estimated cash expenditures of approximately $65 million over the next 12 months. NNE Stock Price: According to data from Benzinga Pro, Nano Nuclear stock rose 1.03% to $25.49 in Tuesday's extended trading.  How To Buy NNE StockBesides going to a brokerage ...
Applied Materials Shares Rise ~4% Following Key Trading Signal
Benzinga· 2026-02-17 21:21
Group 1 - The Power Inflow alert is a proprietary signal indicating a significant shift in order flow towards buying activity, suggesting a high probability of bullish price movement for the rest of the trading day [1] - Order flow analytics provide insights into real-time buying and selling trends, enhancing understanding of price behavior and market sentiment for stocks [2] Group 2 - At the time of the Power Inflow signal, AMAT was priced at $348.36, and the intraday high reached $361.52, reflecting a 3.78% increase [3]
Devon Energy Stock Slips Despite Q4 Earnings Beat
Benzinga· 2026-02-17 21:17
Core Insights - Devon Energy reported quarterly earnings of 82 cents per share, surpassing the analyst estimate of 81 cents [1] - Quarterly revenue reached $4.12 billion, exceeding the analyst consensus estimate of $3.85 billion [1] - Production averaged 851,000 Boe per day in the fourth quarter, exceeding the top-end of guidance [1] Production Costs - Production costs, including taxes, averaged $10.99 per Boe in the fourth quarter, reflecting a 4% reduction from the third quarter [2] Management Commentary - CEO Clay Gaspar highlighted that disciplined execution and operational excellence defined 2025, leading to results that exceeded fourth-quarter expectations across all major value drivers [2] - Gaspar also noted that the success achieved was supported by focused business optimization efforts, resulting in significant free cash flow and meaningful cash returns to shareholders [3] Stock Performance - Devon Energy stock experienced a decline of 1.7%, trading at $43.31 in Tuesday's extended trading [3]
Natural Health Trends Announces Repurchase of All Outstanding Broady Shares - Natural Health Trends (NASDAQ:NHTC)
Benzinga· 2026-02-17 21:05
"This privately negotiated transaction allows us to efficiently retire a large block of shares in a single, orderly transaction at an attractive price, addressing the perceived stock overhang and significantly reducing our shares outstanding," said Chris Sharng, President of Natural Health Trends Corp.  Mr. Sharng added, "We value the long-standing relationship with Mr. Broady and his family and appreciate their support of the Company over many years. I am grateful to Mr. Broady for his friendship, advice a ...
Wendy's Stock Sinks To Six-Year Low After Soft Outlook
Benzinga· 2026-02-17 20:58
Core Insights - Wendy's stock is currently testing key support levels, hitting a new low amid concerns over declining sales and weak guidance for 2026 [1] Financial Performance - Wendy's reported adjusted earnings of 16 cents per share on revenue of $543 million, slightly exceeding analyst expectations [2] - U.S. same-restaurant sales fell by 11.3%, and company-operated margins decreased to 12.7% from 16.5%, impacted by reduced traffic and increased food and labor costs [2] Future Outlook - The company's 2026 guidance is conservative, projecting adjusted EPS between 56 and 60 cents, below Wall Street's expectation of 86 cents, with global systemwide sales expected to remain flat [3] - Concerns are growing that the turnaround plan, Project Fresh, may take longer to yield results in the U.S. market [3] Analyst Reactions - Following the earnings report, BMO Capital reduced its price target from $11 to $9, while Evercore ISI lowered its target from $9 to $8, both maintaining neutral ratings [4] - Short interest has risen to over 50% of Wendy's freely traded shares, indicating a crowded bearish sentiment [4] Technical Analysis - The stock is trading 7.3% below its 20-day simple moving average (SMA) and 15.5% below its 100-day SMA, reflecting significant bearish momentum [5] - Over the past year, shares have decreased by 53.57%, nearing their 52-week lows [5] - The RSI is neutral, while the MACD is below its signal line, suggesting ongoing bearish pressure [6] Market Performance - Wendy's shares fell by 7.02% to $6.95, marking a new 52-week low [8] - Key resistance is identified at $7.50, with key support at $6.50 [8]
The 'Stock Picker's Market' Is Back — But The S&P 500 Is Still Hiding It - State Street Energy Select Sector SPDR ETF (ARCA:XLE)
Benzinga· 2026-02-17 20:45
Market Dynamics - The S&P 500's flat year-to-date performance masks significant underlying changes, indicating a shift towards a stock picker's market where individual stocks and sectors are gaining importance [1] - The narrative around artificial intelligence (AI) has evolved from focusing on beneficiaries to identifying those at risk of disruption, affecting a broader range of industries beyond just software [2] Capital Rotation - A notable capital rotation is occurring, with investors reallocating from mega-cap technology stocks to value stocks, small caps, and international equities, amplifying market effects due to technology's significant weight in the S&P 500 [3] Earnings Growth - The S&P 493, which excludes the largest tech companies, is projected to see earnings growth of nearly 14% in 2026, indicating a broadening of growth opportunities beyond mega-cap stocks [4] Sector Performance - The Energy Select Sector SPDR Fund has experienced over 20% growth year-to-date, driven by record inflows, while industrials continue to show strength [5] Active Management - Active equity ETFs have seen a significant increase in flows, now accounting for approximately 32% of ETF flows, up from 6% in 2021, highlighting a shift towards active management in a less correlated market environment [6] Market Expectations - The CBOE S&P 500 Dispersion Index is at multi-month highs, while the CBOE Three-Month Implied Correlation Index is low, suggesting expectations for more idiosyncratic stock movements rather than synchronized market rallies [7] Investment Implications - The market is undergoing fragmentation and repricing, with shifts in AI narratives, rotation away from mega-cap stocks, and an improving macroeconomic backdrop, indicating that broad beta exposure may no longer suffice for investors [9]
Newmont Stock Dips As Lunar New Year Reduces Demand
Benzinga· 2026-02-17 20:32
Core Viewpoint - Newmont Corp (NYSE:NEM) shares are experiencing downward pressure due to market closures for the Lunar New Year in Asia and investor caution ahead of the upcoming Federal Reserve meeting minutes [1] Group 1: Market Conditions - Precious metals, including gold, have shown volatility, with gold prices recently fluctuating from over $5,595 an ounce to around $4,400 within two days [2] - Traders are adopting a cautious stance as they await insights from the Federal Reserve's January meeting minutes, especially with a leadership transition on the horizon [3] Group 2: Federal Reserve Insights - Federal Reserve officials, including Chair Jerome Powell, anticipate inflation to decrease towards 2% by mid-year, although some policymakers seek clearer evidence before making decisions [4] - The Fed's preferred inflation measure, the PCE index, has remained around 2.8% since May, with little improvement expected in the upcoming December data [4] Group 3: Technical Analysis of Newmont - Newmont's stock is currently under bearish pressure, trading below key moving averages, which may indicate potential weakness [5] - The Relative Strength Index (RSI) is neutral, suggesting a lack of strong momentum, while the MACD indicates bearish pressure, favoring sellers [6] - Key support for Newmont is at $108.00, while resistance is at $135.00; a break below support could lead to a significant decline, whereas a move above resistance could indicate recovery [7] Group 4: Stock Performance - Over the past year, Newmont's stock has increased by 159.29%, recovering from a 52-week low of $41.23, but its current position near a high of $134.88 raises sustainability concerns [8] - The stock is currently trading at 87.4% of its 52-week range, indicating it is near its highs and may be vulnerable to pullbacks if momentum cannot be maintained [9] - As of the latest publication, Newmont shares were down 3.10% at $121.90 [10]