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RYAAY

Ryanair Holdings Plc is facing potential disruptions to its summer schedule due to Boeing Co's delivery delays of the 737 Max 10 models, with an expected reduction from 57 to around 50 aircraft by the end of June. This situation may lead to minor schedule cuts and a decrease in passenger forecast from 205 million to 200 million for the financial year starting in April. CEO Michael O'Leary expressed frustration and is discussing compensation with Boeing, also hinting at possible ticket price increases.

Portfolio Pulse from Vandana Singh

February 26, 2024 | 6:20 pm

EBAY

eBay Inc (NASDAQ:EBAY) is set to report its Q4 financial results, with analysts expecting flat year-over-year revenue of $2.512 billion and a slight decrease in EPS to $1.03 from $1.07. The company has a history of beating revenue and EPS estimates for several quarters. Analysts highlight eBay's potential for higher-than-guidance results, margin expansion in 2024, and its valuation as inexpensive. Recent analyst ratings vary, with price targets ranging from $45 to $49. Key items to watch include costs, margins, 2024 guidance, and impacts of recent layoffs and legal settlements.

Portfolio Pulse from Chris Katje

February 26, 2024 | 6:14 pm

DIS

The Disney Board of Directors has issued a letter to shareholders, emphasizing the progress and fulfillment of promises as the company undergoes a strategic transformation. The board explicitly stated its non-endorsement of the Trian Group nominees, Nelson Peltz and Jay Rasulo, as well as the nominees from Blackwells.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:44 pm

KR

The FTC has blocked the proposed merger between Kroger Co. (KR) and Albertsons Companies, a decision Kroger argues will harm consumers and workers by preventing lower prices and more choices in groceries. Kroger contends that the merger would have led to significant investments in price reductions and store improvements, as well as increased wages and benefits for workers. The company also highlights its commitment to community support and argues that blocking the merger benefits larger, non-unionized retailers. Kroger plans to litigate the FTC's decision in court.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:41 pm

BA

An independent panel has found a significant 'disconnect' between Boeing's senior management and its employees regarding the company's safety culture, according to a report cited by Reuters. This revelation could have implications for Boeing's reputation and operational practices moving forward.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:03 pm

ACI

KR

The U.S. Federal Trade Commission (FTC) is set to announce a lawsuit on Monday aimed at preventing the merger between Kroger and Albertsons. This legal action indicates significant regulatory hurdles for the merger, potentially affecting the future operations and stock performance of both companies.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 4:26 pm

MRK

OGN

New York Attorney General Letitia James has requested the FDA to investigate the safety of the asthma and allergy medication Singulair (montelukast), particularly its neuropsychiatric side effects in children. Despite a 'black box' warning added in 2020, there are concerns about the adequacy of current warnings, especially for pediatric patients. Merck & Co Inc (MRK), the original manufacturer, and Organon Inc (OGN), which now markets Singulair, are highlighted due to the drug's significant revenue and the lawsuits alleging they downplayed psychiatric risks.

Portfolio Pulse from Vandana Singh

February 26, 2024 | 3:56 pm

PDD

PDD Holdings' stock (NASDAQ:PDD) fell nearly 3% pre-market on Feb. 26 due to fears of a potential US import ban on its subsidiary Temu, amid allegations of forced labor connections in Xinjiang, China. Despite a 73% gain in 2023, PDD stock is down 12.7% this year. US lawmakers are considering adding Temu to the Uyghur Forced Labor Prevention Act violators list, which could significantly impact PDD's investment value and Temu's US market presence.

Portfolio Pulse from Surbhi Jain

February 26, 2024 | 3:31 pm

DWAC

SPY

Former President Donald Trump has appealed a ruling in a New York civil fraud case. The case, which has garnered significant media attention, involves allegations of fraudulent activities tied to Trump's business dealings. The appeal marks the latest development in a series of legal challenges facing Trump.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 2:48 pm

EWT

FXI

SPY

China's Commerce Ministry reported that Minister Wang voiced serious concerns to the U.S. regarding tariffs and Taiwan-related issues in the economic and trade sectors, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 2:12 pm