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AMZN

Benchmark analyst Daniel L. Kurnos maintains a Buy rating on Amazon (NASDAQ:AMZN) and raises the price target from $170 to $175, anticipating a strong fourth quarter for fiscal 2023. Kurnos highlights the potential of Prime Video Ads and expects steady growth in AWS, projecting revenue and EPS slightly below consensus. Amazon's retail segment is expected to show healthy margin expansion and share gains, with AWS potentially benefiting from generative AI cloud costs.

Portfolio Pulse from Anusuya Lahiri

January 22, 2024 | 7:04 pm

AAPL

AMZN

GOOG

GOOGL

IVV

MSFT

NVDA

SPY

STT

VOO

The SPDR S&P 500 ETF Trust (SPY) celebrated another birthday, marking its position as the first U.S. ETF since its launch on Jan. 22, 1993. Initially struggling with investor interest, SPY now leads the ETF market with $474 million in assets under management. The ETF's success spurred the creation of similar ETFs like iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 Index Fund ETF (VOO). The S&P 500 Index saw a significant rebound in 2023, with a 20% increase and a new all-time high, partly due to the performance of technology stocks. A $1,000 investment in SPY at launch would be worth $19,326.69 today when adjusted for dividends, a return of 1,932.7% over 31 years.

Portfolio Pulse from Chris Katje

January 22, 2024 | 6:59 pm

LMT

Lockheed Martin (NYSE:LMT) delivered the first of eight C-130J-30 Super Hercules aircraft to the Georgia Air National Guard. The 165th Airlift Wing, based in Savannah, Georgia, will operate the new fleet, which offers enhanced capabilities compared to previous models. The C-130J-30 is a stretched version of the C-130J with additional cargo space. This delivery also marks the first U.S. Air Force C-130J-30 to receive the Block 8.1 configuration, improving interoperability with features like a new flight management system. The aircraft represents a significant investment in the Georgia economy, with a $2 billion annual impact and support from 18 Georgia-based suppliers. Lockheed Martin's Marietta facility, employing over 5,500 Georgians, is responsible for the production of these aircraft.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:39 pm

ADM

AMD

DIA

GILD

IWM

QQQ

SPY

TLT

TSLA

WDC

XLI

XLU

U.S. stock indexes hit all-time highs with the S&P 500 reaching 4,850 points, Nasdaq 100 at 17,365, and the Dow Jones briefly touching 38,000. Small caps outperformed, with the iShares Russell 2000 ETF (IWM) rising 1.7%. Treasury yields eased, benefiting the iShares 20+ Year Treasury Bond ETF (TLT), which rose 0.6%. Gold fell, oil prices soared, and Bitcoin tumbled. SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones (DIA), and Invesco QQQ Trust (QQQ) all rose 0.3%. Industrials Select Sector Fund (XLI) outperformed, while Utilities Select Sector Fund (XLU) lagged. AMD fell after a downgrade, Tesla dropped due to a stalling EV outlook, ADM plummeted amid an investigation, GILD fell after a trial failure, and WDC rose on business separation plans. Key earnings reports are anticipated this week from companies like GE, JNJ, RTX, PG, VZ, LMT, NFLX, TXN, ISRG, and more.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 6:35 pm

CHTR

TelevisaUnivision and Charter Communications, Inc. (NASDAQ:CHTR) have announced a multi-year agreement to extend and expand their partnership, providing Spectrum customers with access to Spanish-language content. The deal includes the launch of an ad-supported premium subscription version of ViX, which will be available at no additional cost to Spectrum TV Select or Mi Plan Latino package subscribers. This new offering will feature a wide range of content, including original series and live soccer matches. Additionally, TelevisaUnivision's U.S. channels will be part of a new low-cost Spanish-language streaming package by Spectrum.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:24 pm

BETZ

CHAT

MAGS

METV

YBTC

Roundhill Investments has launched the Roundhill Bitcoin Covered Call Strategy ETF (YBTC), the first U.S.-listed covered call Bitcoin ETF. YBTC aims to generate monthly income by selling call options on Bitcoin ETFs, targeting investors seeking a mix of Bitcoin exposure and income without direct investment in the cryptocurrency. Roundhill is known for being first to market with thematic ETFs, and the success of YBTC will depend on its ability to provide regular income and unique exposure to Bitcoin. Roundhill's other ETFs include METV, BETZ, CHAT, and MAGS, with QDTE and XDTE in development.

Portfolio Pulse from Chris Katje

January 22, 2024 | 6:15 pm

Hawaiian Airlines is expanding its summer schedule with increased flights from Honolulu to Austin, Boston, Las Vegas, Los Angeles, and Pago Pago. A fourth daily flight to Los Angeles will be added from May 24 to Sept. 2. The airline will use Airbus A330 and Boeing 787-9 aircraft, offering Hawaiian hospitality and in-flight entertainment. The expansion reflects strong travel demand to and from Hawaii.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:02 pm

ETH-USD

On Sunday, 2,752.96 Ether (ETH) valued at approximately $6.54 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -0.49% for Ether, indicating a move towards a deflationary currency, especially with the anticipated Ethereum 2.0 upgrade that could further reduce the issuance rate to 0.5-1% per year.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 6:00 pm

SXTP

60 Degrees Pharma's stock is up following the announcement of a pivotal clinical study of tafenoquine for hospitalized babesiosis patients in the U.S., after a Type C meeting with the FDA.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 5:53 pm

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), co-founded OpenAI but left due to disagreements, launching a competitor, xAI. Musk invested over $40 million in OpenAI, which he envisioned as open-source, but it became profit-focused. Musk's xAI, with $134.7 million raised from investors, aims to innovate in AI, challenging OpenAI's market position. Musk's experience and strategic vision could make xAI a formidable player in the AI space, despite OpenAI's first-mover advantage.

Portfolio Pulse from Caleb Naysmith

January 22, 2024 | 5:37 pm