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Marketing

FOX

FOXA

WBD

Former President Donald Trump is skipping the fifth Republican primary debate in Des Moines, Iowa, to host a town hall event on Fox News, directly competing with the debate airing on CNN, a unit of Warner Bros. Discovery (NASDAQ:WBD). Trump's decision is notable given his past contentious relationship with Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA). The debate ratings without Trump have been lower, and his town hall could impact viewership numbers. Trump's absence from the debate and presence on Fox News could influence public and media attention as he addresses his removal from election ballots and the Jan. 6 Capitol attack.

Portfolio Pulse from Chris Katje

January 03, 2024 | 10:00 pm

DIS

Aaron Rodgers made allegations on 'The Pat McAfee Show' suggesting Jimmy Kimmel is connected to Jeffrey Epstein, which Kimmel strongly denied and threatened legal action. The Walt Disney Company (NYSE:DIS), which owns both 'The Pat McAfee Show' and 'Jimmy Kimmel Live', is caught in the middle of the feud. McAfee apologized for the show's involvement, and the situation could affect Rodgers' future appearances on the show.

Portfolio Pulse from Chris Katje

January 03, 2024 | 8:34 pm

AMZN

NFLX

BofA analyst Justin Post maintains a Buy rating on Amazon (NASDAQ:AMZN) with a $168 price target, expecting ad revenue growth to significantly contribute to margin expansion in 2024. Amazon's ad strategies, including Prime Video ads and new ad partnerships, are anticipated to drive this growth. The analyst projects a 370 bps contribution to FY23 North America margins from ad revenues and sees potential for Amazon's retail margins to grow significantly. Amazon's deals with Pinterest, Meta, and Snap are also expected to enhance ad performance and revenues. The analyst forecasts FY23 revenue and EPS of $570.67 billion and $4.72, respectively.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 7:51 pm

UTZ

Needham analyst Matt McGinley initiated coverage on Utz Brands Inc (NYSE:UTZ) with a Buy rating and a $20 price target, adding it to the Needham Conviction List for 2024. McGinley expects Utz to increase its marketing spend by 3x, focusing on four power brands, and to grow sales by 4%-5% annually with a 3-point EBITDA rate improvement over three years. Utz aims for $135 million in cumulative supply chain savings, with internal cost-saving initiatives and supply chain restructuring expected to boost margins and cash flow. Utz trades at a 15x EV/EBITDA multiple, a 2.5 point premium to peers, but is expected to outpace their growth and achieve double the EBITDA growth of peers. The company is transitioning from a regional to a national competitor in the salty snack category, with shares trading higher by 6.11% at $17.37.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 7:03 pm

ENS

Enersys (ENS) and CTEK have entered into a strategic collaboration to bring high-performance chargers to global markets. The financial terms of the partnership have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 5:50 pm

MZDAY

Mazda North American Operations reported a record December with sales of 39,518 vehicles, a 44.8% increase YoY. FY23 sales also rose to 363,354 vehicles, up 23.2% YoY. The CX-50, CX-5, and CX-30 models achieved best-ever December sales. Mazda's CX-90 started U.S. sales in March and won the Good Housekeeping 2024 Family Travel Award. Tom Donnelly became President and CEO in April. Mazda Toyota Manufacturing celebrated its fifth anniversary. All tested Mazda vehicles earned the IIHS 2023 TOP SAFETY PICK, with the CX-90 receiving the TOP SAFETY PICK+ after the first U.S. crash test. Mazda Canada and Mazda Mexico also reported sales increases in December and FY23.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:49 pm

META

TSLA

Elon Musk and Mark Zuckerberg have seen significant increases in their net worth in 2023, with Musk regaining the title of the world's richest person and Zuckerberg ranking sixth. Musk's wealth rose by over $96 billion, while Zuckerberg's increased by $84 billion. Tesla, Inc.'s stock doubled, but Meta Platforms, Inc.'s stock outperformed with a gain of over 185%. The rivalry between the two CEOs intensified with the launch of Meta's Threads to compete with Musk's X, born from Twitter. Both are focusing on AI for future developments, with Tesla's Autopilot AI and Meta's AI product team working on various AI-driven features.

Portfolio Pulse from Erica Kollmann

January 03, 2024 | 3:44 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

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Portfolio Pulse from RIPS

January 03, 2024 | 3:39 pm

DIS

TMUS

T-Mobile has announced that starting January 24, Hulu will be included in its Go5G Next plan, adding to the suite of streaming services offered to customers. This inclusion represents an annual value of $400 in streaming benefits on T-Mobile's premier plan.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 2:13 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) announced a new initiative where customers in the U.S. and Canada can use their own clean cups to receive a $0.10 discount and, in the U.S., Starbucks Rewards members get 25 Bonus Stars. This move is part of Starbucks' goal to reduce waste by 50% by 2030. The company highlighted its unique position as the only national coffeehouse in the U.S. to allow personal cup use for mobile orders and the first in Canada to do so for all drink sizes. The announcement follows recent news of Starbucks' CEO addressing the damage to outlets amid the Israel-Hamas conflict, clarifying the company's values and beliefs. SBUX shares saw a slight premarket decrease of 0.13% to $93.54.

Portfolio Pulse from Nabaparna Bhattacharya

January 03, 2024 | 2:05 pm