Streetbeat News

Earnings

BBJP

DXJ

EWJ

Japan's GDP Price Index for Q4 showed a year-over-year increase of 3.8%, falling short of the estimated 4.0% and the previous 5.3%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:40 am

BBJP

DXJ

EWJ

Japan's Gross Domestic Product (GDP) for Q4 showed a contraction of 0.4% year-on-year, an improvement from the revised -3.3% contraction in the previous quarter. This indicates a less severe economic downturn than initially anticipated.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:38 am

TSLA

Morgan Stanley analyst Adam Jonas reports a negative outlook for Tesla, Inc. (TSLA) from institutional investors, expecting underperformance in the next year. The sentiment is influenced by concerns over EV demand and potential lack of volume growth in 2024. Despite this, Jonas maintains an Overweight rating on TSLA, citing over 80% upside potential.

Portfolio Pulse from Shanthi Rexaline

February 15, 2024 | 5:35 am

LYFT

Lyft Inc. CEO David Risher took responsibility for a significant error in the company's Q4 earnings report, which initially indicated a 5% margin expansion for 2024, causing the stock to surge over 60%. The error was corrected to a 0.5% increase, leading to a substantial drop in stock value. Despite the correction, Lyft's stock still saw a 35% increase the following day, marking its best day since IPO in 2019. The company's revenue and adjusted earnings for the quarter exceeded analysts' estimates.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 5:12 am

GOOG

GOOGL

MSFT

Google has introduced an AI model named Goose to improve code writing efficiency among its employees. Goose, derived from Google's large language model Gemini, is trained on 25 years of Google's engineering expertise and can handle Google-specific technologies and code editing based on natural language prompts. This move is part of Google's broader efficiency drive, which includes job cuts and team reorganizations. Google's finance chief mentioned using AI to streamline operations across Alphabet during the company's recent earnings call. Goose aims to integrate AI into every stage of product development and is currently available to some employees. Additionally, Google is investing in AI skills in Europe and consolidating its AI efforts under the Gemini brand, despite concerns about AI trustworthiness.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 5:07 am

BTCUSD

HOOD

Jim Cramer expressed mixed feelings about Robinhood's Q4 performance, appreciating the influx of young investors but concerned about their preference for crypto and options trading over stocks. Robinhood's crypto revenue increased by 10% year-over-year to $43 million, surpassing equities revenue. The company's engagement in Bitcoin ETFs was highlighted, with a significant rise in trading volume driven by new ETFs and a crypto rally.

Portfolio Pulse from Mehab Qureshi

February 15, 2024 | 5:00 am

MSFT

NTDOY

SONY

Microsoft Corp is reportedly planning to release Xbox games Hi-Fi Rush and Pentiment on Sony's PlayStation and Nintendo's Switch, marking a significant strategy shift. This move aims to increase gaming revenue and game reach amidst slowing Xbox Game Pass subscriptions and trailing Xbox Series S and X sales behind PlayStation 5. The decision comes after Microsoft's acquisition of Activision Blizzard and amidst Sony's PS5 market dominance. Sony also announced financial plans and revised its FY23 sales outlook.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 4:20 am

LYFT

TSLA

Tesla Inc's Investor Relations VP, Martin Viecha, commented on Lyft Inc.'s earnings release error, calling it an investor relations nightmare. Lyft had to correct its FY24 adjusted EBITDA margin expansion guidance from 500 basis points to 50 basis points after an initial error. Despite this, Lyft's stock closed up 35.1% at $16.39, buoyed by expectations of positive free cash flow for the first time in FY24.

Portfolio Pulse from Anan Ashraf

February 15, 2024 | 3:41 am

NWE

NorthWestern (NASDAQ:NWE) reported Q4 2023 adjusted EPS of $1.38, surpassing the $1.17 estimate, but its sales of $355.97M fell short of the $458.30M estimate, marking a 16.29% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:13 am

COIN

MARA

RIOT

TSLA

The U.S. stock market saw gains with the Dow Jones, S&P 500, and Nasdaq all closing higher. Coinbase, Marathon Digital Holdings, Riot Platforms, QuantumScape, and Tesla were among the top stocks gaining attention due to various factors including Bitcoin's rally, anticipated earnings, and technological advancements.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 2:22 am