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AAPL

Apple reported a significant increase in iPhone net sales for Q1 2024, reaching $69.702 billion compared to $43.805 billion in the previous period. This substantial growth indicates a strong demand for iPhones, potentially reflecting successful product launches or marketing strategies.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:31 pm

WOR

Worthington Enterprises has acquired an 80% stake in an affiliate of HALO Products Group, expanding its outdoor living products portfolio with HALO-branded pizza ovens, pellet grills, griddles, and accessories. Michael Giebel of HALO will be the chief product development officer for the HALO line. HALO, based in Elizabethtown, Kentucky, with about 25 employees, reported $7 million in net revenue for 2023.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:29 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) reported Q4 financial results, surpassing analyst estimates with a 14% year-over-year revenue increase to $170 billion and earnings of $1 per share. AWS sales rose 13% to $24.2 billion, with significant growth in North American and international sales. The company experienced a record-breaking holiday shopping season, leading to an 82% increase in operating cash flow and a significant improvement in free cash flow. Amazon introduced a new AI feature, Rufus, and provided a positive outlook for Q1 revenue and operating income.

Portfolio Pulse from Adam Eckert

February 01, 2024 | 9:18 pm

NRIX

Nurix Therapeutics announced the publication of research in the journal Science, revealing that BTK mutations, even those lacking kinase activity, are susceptible to degradation by their clinical stage BTK and IKZF1/3 degrader, NX-2127. This finding is significant for treating chronic lymphocytic leukemia and other B-cell malignancies. Positive clinical data from an ongoing Phase 1 trial of NX-2127 was also presented at the 65th American Society of Hematology Annual Meeting, showing therapeutic benefits in patients with relapsed/refractory B-cell malignancies.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:04 pm

AGRI

AgriFORCE Growing Systems has received a Notice of Allowance for its U.S. Patent Application 17/983,109 titled 'AUTOMATED GROWING SYSTEMS'. This marks a significant milestone for the company, indicating that its application for a patent on its innovative automated growing systems has been approved, pending the completion of the administrative process.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:02 pm

SONY

Sony Group Corp. (NYSE:SONY) is offering PlayStation Plus Premium members a free trial of Marvel's Spider-Man 2 starting Feb. 6. The trial, available for PS5 users subscribed to the $159.99/year tier, allows a two-hour gameplay before purchase. This initiative is part of Sony's strategy to enhance value for its PlayStation Plus service, alongside offering other games like Foamstars, Rollerdome, and Steelrising for free access on the same date. Insomniac Games has also updated Marvel's Spider-Man 2 with post-launch patches for an improved gaming experience.

Portfolio Pulse from Franca Quarneti

February 01, 2024 | 8:58 pm

AMZN

Amazon.com has introduced Rufus, a generative AI-powered conversational shopping experience, set to launch in beta on February 1 to a select group of customers via Amazon's mobile app. Rufus will be made available to additional U.S. customers in the following weeks.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:49 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) shares dropped over 11% after a recent surge, following announcements of a U.S. Postal Service purchase and a successful addition of EVs to Zeeba's fleet. The U.S. Postal Service will buy six LDV 190s for delivery in Q1 2024, and Zeeba has added Canoo EVs to its fleet under an existing agreement for 5,450 vehicles. Canoo's stock had previously gained over 30% after these announcements.

Portfolio Pulse from Erica Kollmann

February 01, 2024 | 8:45 pm

BYDDY

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has significantly changed his view on BYD Co. Ltd. (OTC:BYDDY), acknowledging its competitive strength in the EV market after BYD surpassed Tesla in EV sales. Musk's comments followed Tesla's reported 12% drop in shares and missed earnings, highlighting the intense competition in the electric car industry.

Portfolio Pulse from Caleb Naysmith

February 01, 2024 | 8:30 pm

AA

ATI

SXC

ATI Inc. and SunCoke Energy reported their 2023 financial results, showing growth in sales and net income. ATI's sales were driven by the aerospace and defense sectors, while SunCoke's performance was bolstered by its Domestic Coke segment. Alcoa Corporation announced a partnership with Nexans to supply low-carbon aluminum rod using its ELYSIS technology, aiming to reduce greenhouse gas emissions in aluminum smelting.

Portfolio Pulse from Austin DeNoce

February 01, 2024 | 8:20 pm