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ALCE

XEL

The article highlights Alternus Clean Energy Inc (ALCE) and Xcel Energy Inc. (XEL) as the top 2 oversold utilities stocks preparing for a rebound in March. ALCE's strategic alliance with Hover Energy and its significant stock price drop are noted, alongside XEL's potential liability for the Smokehouse Creek Fire and its recent stock decline.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:52 pm

NYCB

New York Community Bancorp's shares dropped following the announcement of material weaknesses in its internal controls over loan review, attributed to ineffective oversight, risk assessment, and monitoring activities.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:42 pm

MAT

Mattel Inc (NASDAQ:MAT) has announced a delay in submitting its 2023 annual report due to deficiencies in information technology, which are considered a material weakness in its internal control over financial reporting. Despite this, the company does not expect these deficiencies to materially affect its financial disclosures and is committed to filing the report by March 15. This news comes after Mattel disclosed its Q4 and full-year 2023 financial results on February 7 and faced pressure from activist investor Barington Capital earlier in February. Mattel, with a market cap of about $6.5 billion, is exploring ways to leverage its intellectual property, including film projects.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 11:34 am

MSFT

Elon Musk has filed a lawsuit against Sam Altman and OpenAI, accusing them of betraying the founding principles of the AI startup by prioritizing profit maximization for Microsoft (NASDAQ:MSFT) over the benefit of humanity. Musk alleges that OpenAI's transition to a closed-source model and its licensing agreement with Microsoft, which has invested $13 billion in OpenAI, compromises the startup's original mission. Musk demands that GPT-4 and future models be labeled as AGI, putting them beyond Microsoft's licensing agreement.

Portfolio Pulse from Rounak Jain

March 01, 2024 | 10:27 am

BA

Emirates President Tim Clark has warned Boeing (NYSE:BA) to make significant changes following a safety incident where a panel on a MAX 9 jet blew out during a flight, leading to increased regulatory scrutiny. Clark emphasized the need for a change in governance to prevent further issues, highlighting Boeing's recent $51 million penalty for unauthorized exports and ongoing manufacturing challenges.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 8:53 am

DIS

The grandchildren of Walt Disney Co founders, Walt Disney and Roy Disney, have publicly supported CEO Bob Iger and the company's board in an open letter, criticizing activist investors, including billionaire Nelson Peltz, who have been challenging the company's management and strategies. This support comes amid a proxy war with Peltz, who advocates for cost-cutting, a more profitable streaming business, and better succession planning.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 8:01 am

META

Meta Platforms (NASDAQ:META) announced it will stop paying news publishers for content in Australia, France, and Germany. This decision aligns with Meta's strategy of reducing news and political content promotion and follows the termination of its news tab in the U.K., France, and Germany. The move could lead to conflicts with the Australian government, which can appoint mediators for fee determination under a 2021 law. Meta's stance on not compensating news publishers could impact traffic referrals and revenue for news publishers.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 6:15 am

TSLA

Environmental activists from ROBIN WOOD have set up a protest camp in the forest near Tesla Inc.'s Gigafactory Berlin, opposing the planned expansion due to environmental concerns. They demand a halt to the expansion, emphasizing the need for climate-friendly mobility. A recent survey showed 63.5% of Grünheide residents oppose Tesla's expansion. Despite environmental controversies, Tesla's Model Y production at the factory has reached a new high of 6000 units weekly.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 5:16 am

DIS

FOX

FUBO

WBD

fuboTV Inc. (NYSE:FUBO) is anticipated to report a narrower Q4 loss before the opening bell on March 1, 2024, with analysts expecting a loss of 31 cents per share compared to last year's 76 cents. Revenue is projected at $397.66 million, up from $319.31 million. Additionally, fuboTV has filed a lawsuit to prevent Fox Corp (NASDAQ:FOX), Walt Disney Co (NYSE:DIS), and Warner Bros. Discovery Inc (NASDAQ:WBD) from launching a joint venture sport-streaming platform. fuboTV shares rose 1.5% to $2.07 recently.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 4:41 am

BA

Boeing Co. (NYSE:BA) has agreed to a $51 million settlement with the U.S. State Department for unauthorized exports of technical data to China and Russia, violating the Arms Export Control Act and International Traffic in Arms Regulations. The violations, occurring between 2013 and 2017, were disclosed by Boeing between 2017 and 2022. The settlement includes a two-year oversight by a special compliance officer and a $24 million suspension of the penalty if used to enhance Boeing's compliance program. This follows other regulatory challenges for Boeing, including a grounding order for some 737 Max 9 jets.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 3:30 am