Streetbeat News

Marketing

ANF

Abercrombie & Fitch Co (NYSE:ANF) shares surged after the company updated its Q4 and FY2023 guidance, raising net sales and operating margin outlooks. Q4 net sales are now expected to grow in the high-teens, with an operating margin of around 15%, up from the previous 12%-14% range. FY23 net sales outlook increased to 14%-15% growth from 12%-14%, and operating margin is anticipated to be around 11%, up from 10%. CEO Fran Horowitz attributed the positive adjustment to strong customer response to product assortments and marketing. The company believes these results will exceed the Always Forward Plan 2025 financial targets ahead of schedule. ANF shares rose by 7.77% to $97.57.

Portfolio Pulse from Shivani Kumaresan

January 08, 2024 | 4:54 pm

AAPL

META

Apple Inc's (AAPL) Apple Vision Pro and Meta Platforms' (META) Meta Quest 3 are competing in the virtual reality space. Apple's device focuses on spatial computing with visionOS, while Meta's headset emphasizes VR experiences with hardware upgrades and mixed reality capabilities. The market anticipates the impact these devices will have, as they represent different approaches to immersive technology.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 4:40 pm

GETY

Getty Images (NYSE:GETY) has launched Generative AI by iStock at CES, powered by NVIDIA Picasso. This tool allows businesses to create AI-generated marketing visuals with legal protection. It integrates with iStock's library and offers $10K USD legal coverage for licensed visuals. The AI tool is designed to avoid copyrighted elements and is available in over 75 languages.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:33 pm

NVDA

NVIDIA announced new GeForce RTX SUPER desktop GPUs, AI laptops, and AI software and tools for RTX PCs and workstations at CES. These offerings aim to enhance PC experiences with generative AI, including text-to-image workflows and large language models (LLMs). The company highlighted the importance of generative AI in transforming industries and gaming. New GeForce RTX 40 SUPER Series graphics cards were introduced, promising significant AI performance improvements. NVIDIA also announced AI Workbench for developers, RTX-accelerated AI models, and new PC developer tools. Upcoming releases include RTX Remix for game remastering, ACE microservices for digital avatars, and Chat with RTX for interacting with LLMs on PCs.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:19 pm

NKE

Tiger Woods hints at a new chapter in his partnership with Nike (NKE) in a recent tweet, suggesting a continuation of their long-standing collaboration and possibly new ventures or products to be unveiled in Los Angeles.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:12 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 analysis includes potential price targets and support levels for each asset. The memo also hints at increased market activity in anticipation of upcoming CPI data and offers membership to Market Clubhouse for real-time trading insights and mentorship.

Portfolio Pulse from RIPS

January 08, 2024 | 3:39 pm

LAES

WKEY

WISeKey International Holding Ltd. (WKEY) and its subsidiary SEALSQ Corp (LAES) will showcase their security services and semiconductors at CES 2024. They will focus on compliance with the Matter Protocol for smart homes, the US Cyber Trust Mark, and solutions for the Electric Vehicle charging market. SEALSQ offers Device Attestation Certificates and FIPS Certified Secure Elements compatible with Matter Protocol. WISeKey's Root CA is approved by the CSA for Matter device attestation. SEALSQ also provides services for IoT manufacturers to comply with the US Cyber Trust Mark. WISeKey has an install base of over 1.5 billion microchips and offers secure authentication and identification for IoT, Blockchain, and AI.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:09 pm

DELL

MSFT

NVDA

ROKU

SSNLF

CES 2024 is set to showcase the latest in technology from Jan. 9-12 in Las Vegas, with a focus on AI, futuristic TVs and displays, laptops, and gaming. Companies like Samsung (SSNLF), LG, Dell (DELL), Roku (ROKU), Microsoft (MSFT), Nvidia (NVDA), and others have already previewed or are expected to reveal new products and technologies. Highlights include LG's transparent TV, Samsung's MicroLED display, Dell's 5K monitor, Roku's branded TVs, Razer's OLED display laptop, Microsoft's AI PC features, and Nvidia's new graphics card for gamers.

Portfolio Pulse from Rounak Jain

January 08, 2024 | 3:06 pm

AAPL

Apple Inc (NASDAQ:AAPL) shares are trading higher after announcing the release date for its new Vision Pro headset. Pre-orders begin on January 19, with availability in U.S. stores starting February 2. The device is priced at $3,499, with additional accessories available for purchase. CEO Tim Cook touted the device as a revolutionary step in spatial computing. However, Apple faces challenges with a 30% drop in iPhone sales in China during the first week of 2024 and a 3% decline in 2023, attributed to competition from local manufacturers like Huawei.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 2:44 pm

ONON

Traders are speculating on the potential partnership between Tiger Woods and On Holding AG (ONON) after SportsBusinessRadio hinted at Woods parting ways with Nike and possibly signing with On Running. No official confirmation has been made.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:43 pm