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MSFT

Microsoft analysts are optimistic about the company's future, despite short-term setbacks like capacity constraints and weaker guidance. Analysts highlight strong Azure growth and AI monetization as key drivers. Bank of America, Wedbush, Piper Sandler, and Goldman Sachs maintain positive ratings with high price targets.

Portfolio Pulse from Chris Katje

October 31, 2024 | 4:13 pm

BTCUSD

Bitcoin is trading near $70,450 as traders anticipate market swings linked to the 2024 U.S. election. Analysts predict increased volatility, with potential price targets ranging from $76,000 to $125,000 depending on election outcomes. Institutional adoption and policy shifts are expected to support Bitcoin's upward trend post-election.

Portfolio Pulse from Murtuza Merchant

October 31, 2024 | 4:09 pm

ETR

Entergy is exploring options to expand its U.S. nuclear capacity, including potential new reactors, upgrades, and small modular reactors. This development was discussed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:55 pm

AVGO

Broadcom shares are declining following an analyst's report that Apple plans to reduce its dependence on Broadcom for Wi-Fi and Bluetooth chips, which currently amount to over 300 million units annually.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:46 pm

IAS

Integral Ad Science (IAS) is increasing the prices of its brand safety and ad verification solutions for advertisers. The price changes will take effect on November 1, and clients using Yahoo's demand-side platform have been notified.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:41 pm

SBGI

VZIO

NewsON, a leading streaming service for local news, has launched its app on VIZIO TVs, providing users with free access to a wide range of local news content. This includes live and on-demand newscasts from over 285 TV stations across more than 135 markets in the U.S.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:35 pm

HII

HII's Mission Technologies division has secured a $3 billion contract to support the U.S. Department of Defense in enhancing joint force capabilities, aligning with the DOD's JADC2 strategy.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:34 pm

META

Meta Platforms reported strong third-quarter earnings, with significant growth in its Threads platform, which now has 275 million monthly users. This growth positions Threads as a potential competitor to Elon Musk's X platform. Despite Musk's dismissive comments, Threads' user base is expanding rapidly, although it is not expected to significantly impact revenue until 2025.

Portfolio Pulse from Chris Katje

October 31, 2024 | 3:30 pm

PTON

Peloton Interactive, Inc. (NASDAQ:PTON) saw its stock rise nearly 30% after surpassing first-quarter sales estimates and appointing a former Apple executive as CEO. The company reported $586 million in sales, a GAAP net loss of $1 million, and improved margins. Strategic pricing adjustments and a shift to higher-margin revenue streams contributed to financial gains. Peloton expects second-quarter revenues of $640-$660 million, with increased marketing expenses for the holiday season.

Portfolio Pulse from Nabaparna Bhattacharya

October 31, 2024 | 3:27 pm

PH

Parker-Hannifin Corp reported Q1 2025 results with a 1.2% sales growth to $4.9 billion, beating expectations. The Aerospace Systems segment showed strong performance, while industrial segments faced pressure. The company raised its EPS guidance and expects continued growth in aerospace.

Portfolio Pulse from Akanksha Bakshi

October 31, 2024 | 3:22 pm