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EA

TTWO

Electronic Arts Inc. (NASDAQ:EA) is set to report its F4Q earnings on May 7, with expectations moderated due to macroeconomic challenges and a conservative outlook on live service bookings and game releases. Analysts from Oppenheimer, Martin Yang and Andrew Northcutt, maintain an Outperform rating on EA with a $150 price target, citing decent downside protection despite market challenges. The report anticipates strategic discussions on EA's digital and mobile growth, new game launches, and potential for strategic mergers and acquisitions. EA's stock was trading at $127.50, showing a slight increase. The analysts also compare EA favorably to Take-Two Interactive Software Inc (NASDAQ:TTWO), suggesting EA as a better buy in the near term.

Portfolio Pulse from Franca Quarneti

April 23, 2024 | 5:47 pm

BRKR

DHR

MEDP

Bruker Corporation's stock is trading higher due to positive momentum in the life sciences tools sector, influenced by strong earnings reported by Danaher and optimistic guidance from Medpace.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:37 pm

COPP

CRIT

FCX

Freeport-McMoRan Inc. (NYSE:FCX) reported first-quarter FY24 results with revenue of $6.32 billion and adjusted EPS of $0.32, both surpassing consensus estimates. Copper and gold sales increased significantly, with operating income and cash flow showing improvement. The company provided positive outlooks for Q2 FY24 and the full year, expecting strong sales volumes and operating cash flows. Despite the positive results and outlook, FCX shares are trading lower. Exposure to FCX can be gained through Sprott Copper Miners ETF (NASDAQ:COPP) and Exchange Traded Concepts Trust Optica Rare Earths & Critical Materials ETF (NYSE:CRIT).

Portfolio Pulse from Lekha Gupta

April 23, 2024 | 5:35 pm

META

Elon Musk's social media platform X, formerly Twitter, announced the launch of the X TV App, aiming to offer real-time, engaging content on smart TVs. CEO Linda Yaccarino highlighted the app's focus on a high-quality, immersive entertainment experience. The app will allow for a cross-device experience and personalized video organization. Musk criticized Meta Inc.'s Instagram, particularly for its logo watermark on Reels. Hyundai halted its advertising on X due to the appearance of pro-Nazi content, and Pakistan blocked access to X citing national security concerns.

Portfolio Pulse from Lekha Gupta

April 23, 2024 | 5:30 pm

NBIX

TAK

Neurocrine Biosciences Inc (NASDAQ:NBIX) announced positive Phase 2 results for NBI-1065845, a treatment for major depressive disorder (MDD), developed in collaboration with Takeda Pharmaceutical Company Limited (NYSE:TAK). The study met its primary and key secondary endpoints, showing significant improvement in depression scores. The treatment was well tolerated, with headache being the most common adverse event. William Blair maintains an Outperform rating on Neurocrine, highlighting the potential for significant sales and the importance of Ingrezza revenue.

Portfolio Pulse from Vandana Singh

April 23, 2024 | 5:28 pm

ZM

Columbia University is reportedly considering moving classes to remote learning for the rest of the year due to protests. This development is being closely watched by investors in Zoom Video Communications (ZM), as it could potentially increase the demand for Zoom's services.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:27 pm

ZM

Columbia University President Minouche Shafik announced that classes will be held virtually due to protests, impacting the use of Zoom (ZM) for remote education.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:26 pm

RKT

Rocket Companies has launched Rocket Logic, an AI tool designed to analyze and transcribe calls, saving approximately 60,000 hours annually for its team members. This innovation underscores the company's commitment to leveraging technology to enhance operational efficiency and productivity.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:06 pm

AAPL

Ming-Chi Kuo, a renowned Apple analyst, shared on X that Apple has reduced its shipment forecasts for the Vision Pro for the years 2024 and 2025. This adjustment is seen as unfavorable for the trends in mixed reality (MR) headsets, Pancake optics, and Micro OLED technology.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:55 pm

GM

TSLA

General Motors (NYSE:GM) exceeded Q1 2024 expectations with a 7.6% revenue increase to $43.01 billion and a 26% net income rise to $2.95 billion, surpassing LSEG estimates. North America led with a 7.4% earnings increase to $3.84 billion. Despite losses in China and other markets, GM raised its 2024 guidance, including adjusted EBIT, EPS, and cash flow forecasts. GM's EV production remains on target, aiming for profitability in North America's EV sector in H2 2024. Tesla (NASDAQ:TSLA) reported its first YoY global sales drop and anticipates slower growth, highlighting the competitive EV landscape.

Portfolio Pulse from Upwallstreet

April 23, 2024 | 4:50 pm