Streetbeat News

Marketing

PZZA

Piper Sandler analyst Brian Mullan maintained a Neutral rating on Papa John's International, Inc. (PZZA) with a $67 price target. The company's 'Back to Better 2.0' initiative changes franchisee marketing contributions, increasing national marketing funds to 6% and eliminating mandatory local marketing, potentially benefiting franchisee P&Ls by 200 bps. In the U.K., franchisee consolidation has led to improved sales trends. The company is also considering strategic store closures internationally to prepare for sustainable growth in 2025 and beyond. The analyst forecasts FY24E EPS of $2.68 and revenues of $2.211 billion. PZZA shares closed at $71.89, down 0.44% on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

January 12, 2024 | 9:09 pm

WBD

Rocksteady, a subsidiary of Warner Bros. Discovery Inc (NASDAQ:WBD), has lifted part of the NDA on the closed alpha for 'Suicide Squad: Kill the Justice League', allowing players to discuss their gameplay experiences. The game, set for release in February 2024, features a live service model with a battle pass and gear score progression. Despite this, Rocksteady does not label it explicitly as a live service game. The game represents a shift from Rocksteady's 'Batman Arkham' series and has faced some fan criticism for its live service direction.

Portfolio Pulse from Franca Quarneti

January 12, 2024 | 8:54 pm

CCOEY

SONY

Sony Group Corp.'s PlayStation Plus January lineup includes Capcom ADR's 'Resident Evil 2 remake' and a variety of other titles. The offerings cater to different gaming preferences, featuring horror, open-world adventure, and JRPGs. The lineup also introduces new games to the Classics Catalog, providing a mix of nostalgia and new experiences for subscribers.

Portfolio Pulse from Franca Quarneti

January 12, 2024 | 6:44 pm

TSLA

An engineer's YouTube video has challenged Tesla Inc's (NASDAQ:TSLA) claim that the Cybertruck can outpace a Porsche 911 while towing one. The analysis revealed that the race at Tesla's unveiling event was an eighth-mile run, not the standard quarter-mile. The engineer's detailed examination suggests that a Porsche 911 would likely outperform the Cybertruck over a quarter-mile distance, even when the Cybertruck is not towing a load.

Portfolio Pulse from Benzinga EV Insights

January 12, 2024 | 6:38 pm

MCD

SBUX

McDonald's Corp (MCD) stock experienced a Golden Cross on Jan. 11, indicating bullish sentiment. The stock is up 20% since Oct. 12, 2023, and 9% over the past year, currently trading around $292-$295. Analysts have set price targets ranging from $317 to $340, with a consensus at $305.37 and a Buy rating. McDonald's is expanding its strategy with the beverage-centric CosMc, aiming to compete with Starbucks (SBUX) and planning to reach 50,000 restaurants by 2027.

Portfolio Pulse from Surbhi Jain

January 12, 2024 | 6:20 pm

LKNCY

Guming Holdings Ltd., a Chinese tea shop chain, has applied for a Hong Kong IPO, aiming to expand its franchise network and compete in China's mid-priced tea market. With 9,001 outlets, mostly franchised, Guming's profits tripled in the first nine months of last year. The company's success is attributed to its franchise model, competitive pricing, and focus on second- and third-tier cities. Guming faces competition from Mixue Group and established brands like Nayuki and Heytea, which are also adjusting prices to capture market share. Luckin Coffee (OTC:LKNCY) is also mentioned as a competitor in the beverage market.

Portfolio Pulse from The Bamboo Works

January 12, 2024 | 3:28 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, META, TSLA, GOOGL, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price levels for each asset and advises traders to monitor these stocks closely for breakouts or reversals. The session is expected to be light on data, with attention on the premarket release of the PPI. The memo is part of the Market Clubhouse membership, which offers daily market analysis, a watch list, and live trading streams.

Portfolio Pulse from RIPS

January 12, 2024 | 3:22 pm

FXLV

LULU

NKE

PLNT

PTON

The article discusses the trend of partnering up for fitness in 2024, highlighting the potential investment opportunities in fitness-related companies. Gym memberships are on the rise, benefiting Planet Fitness (NYSE:PLNT), which promotes workouts with a gym buddy. F45 Training (OTC:FXLV) offers community training classes. Peloton Interactive (NASDAQ:PTON) has partnered with TikTok for custom content, causing its shares to jump despite its low valuation. Nike (NYSE:NKE) and Lululemon Athletica (NASDAQ:LULU) provide athletic apparel, with Nike's shares potentially at a good value and Lululemon's shares falling after a strong 2023. Under Armour (NYSE:UA) offers hiking and waterproof gear, with its shares possibly undervalued.

Portfolio Pulse from Neil Dennis

January 12, 2024 | 2:00 pm

AAPL

ARKW

EBAY

FLXS

GOOGL

HOOD

STLA

TSLA

Shiba Inu (SHIB) sees a 400% increase in token burns and $1.38M in whale acquisitions. Cathie Wood of Ark Invest predicts Bitcoin could reach $1.5M by 2030. Robinhood lists all Bitcoin Spot ETFs, while Elizabeth Warren criticizes SEC's approval of them. Flexsteel Industries reports strong preliminary results. Trump's town hall garners 4.4M views, and US sanctions Russian entities over missile purchases. Apple and Google make tech headlines with new initiatives and layoffs, respectively. Tesla faces a share price drop and announces a price cut in China. Stellantis invests in battery tech, and eBay settles a harassment case.

Portfolio Pulse from Akanksha Bakshi

January 12, 2024 | 1:04 pm

TSLA

Tech YouTuber Marques Brownlee, known as MKBHD, has listed his 2021 Tesla Model S Plaid for sale on 'Cars & Bids'. The car has attracted a high bid of $80,555, which is close to the starting price of a new Model S Plaid. The car features a yoke steering wheel, full self-driving capability, and unique exterior modifications. It is still under Tesla's basic vehicle and battery warranties. Brownlee teased a new video for the reason behind the sale.

Portfolio Pulse from Anan Ashraf

January 12, 2024 | 12:40 pm