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NVO

A Deutsche Bank survey indicates that patients using Novo Nordisk's weight loss medication Ozempic may increase their caloric intake after stopping the treatment. The survey included 600 U.S. consumers, with 70% being users of GLP-1 drugs like Ozempic or Wegovy. Novo Nordisk's Wegovy shows high adherence rates and effectiveness, leading to increased demand and a €2 billion investment in a new manufacturing facility in Dublin. The growing demand for GLP-1 drugs is seen as an investment opportunity, with Jim Cramer highlighting the potential of weight-loss drugs.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 3:14 am

SSNLF

Samsung Electronics Co Ltd (OTC:SSNLF) expects a 35% drop in Q4 2023 operating profit due to semiconductor price recovery. The forecasted profit of 2.8 trillion won ($2.13 billion) is below the SmartEstimate of 3.7 trillion won. The company's revenue is also expected to decline by 4.9% year-over-year. Despite the downturn, Samsung continues to invest in AI and premium products and is launching the Galaxy S24 on Jan. 17.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 1:41 am

HMC

INTC

NFLX

NVDA

WMT

XPEV

At CES 2024, several companies are showcasing new technologies and products. NVIDIA Corporation (NVDA) announced new products and partnerships. Walmart Inc (WMT) will discuss using technology in retail's future. Intel Corporation (INTC) will focus on making AI more accessible. Honda Motor Co Ltd (HMC) plans to reveal a new electric vehicle series. XPeng Inc (XPEV) will present its flying car unit. Netflix Inc (NFLX) will promote its upcoming series 'The Three-Body Problem' with an immersive experience.

Portfolio Pulse from Chris Katje

January 08, 2024 | 11:58 pm

ALK

SPR

Boeing has committed to assisting airlines with all findings related to the 737 Max 9 door plug following required inspections. The company expressed regret for the impact on customers due to the inspection findings.

Portfolio Pulse from Charles Gross

January 08, 2024 | 11:48 pm

INTC

Intel has announced its full 14th Gen Intel Core mobile and desktop processor lineup at CES, including the new Intel Core mobile processor Series 1 family, with the Intel Core 7 processor 150U as the flagship for thin-and-light mobile systems.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:02 pm

COIN

Needham analyst John Todaro has given Coinbase Global Inc (NASDAQ:COIN) a Buy rating and raised the price target from $160 to $180, citing product growth, international expansion, and the launch of Base, an Ethereum Layer 2 chain. The analyst also sees potential positives from a Bitcoin ETF approval, the Bitcoin halving event, and possible interest rate cuts. Despite lower retail trading levels compared to 2021, Coinbase's recent earnings exceeded expectations, and the company plans to acquire a firm to offer crypto-linked derivatives in the EU. COIN's stock has surged 95.8% in the past six months.

Portfolio Pulse from Khyathi Dalal

January 08, 2024 | 10:19 pm

HMC

TSLA

Tesla Inc (NASDAQ:TSLA) achieved a 4.20% market share in the U.S. auto market in 2023, with 654,888 units delivered, marking a 25.4% year-over-year growth. The Tesla Model Y became the best-selling electric vehicle ever, with over two million units sold. General Motors Company (NYSE:GM), Toyota Motor Corporation (NYSE:TM), and Ford Motor Company (NYSE:F) led the market, with GM at 16.5% share. Honda Motor Company (NYSE:HMC) saw the largest market share gain among the top 10, with a 1.3% increase. Elon Musk aims for Tesla to reach a 6.9% market share next.

Portfolio Pulse from Chris Katje

January 08, 2024 | 9:59 pm

CMC

FCX

GOLD

Freeport-McMoRan Inc. (FCX) was upgraded by Bernstein from Market Perform to Outperform with a new price target of $48.50. Barrick Gold Corporation (GOLD) was downgraded by Bernstein from Outperform to Market Perform. Commercial Metals (CMC) reported a year-over-year decline in earnings and net sales but maintained strong financial results and cash flows. Ivanhoe Electric Inc. (IE) announced significant progress on its Santa Cruz copper project, with promising drilling results and an expanded landholding.

Portfolio Pulse from Austin DeNoce

January 08, 2024 | 9:49 pm

BTCUSD

ETHUSD

The total cryptocurrency market cap has reached $1.69 trillion, the highest since May 2022, driven by expectations of a Bitcoin spot ETF approval. Bitcoin's market value nearly doubled to $920 billion, while Ethereum's market share slightly declined. Analysts at Standard Chartered predict a bullish future for Bitcoin, suggesting a potential rise to $100,000 by the end of 2024 if the ETF is approved, with an optimistic forecast of $200,000 by the end of 2025.

Portfolio Pulse from Piero Cingari

January 08, 2024 | 9:27 pm

DENN

Denny's Corporation (NASDAQ:DENN) has entered into an agreement with Franklin Junction to partner with at least 250 domestic Denny's restaurants. This partnership aims to expand Denny's market presence through Franklin Junction's Host Kitchen platform, which allows for capital-free expansion of virtual restaurants. The collaboration is expected to enhance Denny's off-premises sales channels and deliver more guest experiences.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:20 pm