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BIIB

ESALY

NVS

Biogen Inc (NASDAQ:BIIB) reported Q4 2023 sales of $2.39 billion, missing estimates and showing a 6% Y/Y decline. Adjusted EPS also fell by 27%. The company's partner, Eisai Co Ltd (OTC:ESALY), faces delays with Leqembi's patient enrollment, impacting Biogen's stock growth. Baird analyst lowered Biogen's price target to $316 from $333 but maintained an Outperform rating. Competition in Spinal Muscular Atrophy treatments from Novartis AG (NYSE:NVS) and Roche's Genentech affects Biogen's Spinraza. Biogen may pursue $1B-$2B deals to fill revenue gaps, focusing on the CNS space.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 8:11 pm

OKTA

Okta announced a collaboration with OpenAI to host a session on building identity automation using Okta Workflows and OpenAI. The event is scheduled for this Thursday.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:11 pm

OKTA

Okta has made a post on X (formerly Twitter) about 'Okta Workflows'. The content of the post itself is not detailed in the provided information, but it pertains to Okta's product or service offering.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:09 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) has announced a collaboration with 'Dune: Part Two', introducing a unique Xbox Series S console and the 'world's first floating Xbox controller'. This exclusive set, inspired by the film, is available through a competition running from Feb. 13 to March 25, 2024. The collaboration also includes the 'Dune' expansion on Microsoft Flight Simulator, allowing exploration of Arrakis. Microsoft is known for its innovative controller designs, with past creations including 'Sonic the Hedgehog'-themed gamepads and an edible controller.

Portfolio Pulse from Franca Quarneti

February 14, 2024 | 8:00 pm

PBLA

Roth MKM has reiterated a 'Buy' rating and a $25 price target for Panbela Therapeutics (PBLA), citing optimism from Ipsen's FDA approval of Onivyde for pancreatic cancer and Panbela's promising early phase results for SBP-101 for the same indication.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:52 pm

AZTR

ENGN

HCSG

LYFT

OMH

QDEL

U.S. stocks showed mixed performance with the Dow, Nasdaq, and S&P 500 all posting gains, while consumer staples shares fell. enGene Holdings, Lyft, and Healthcare Services Group saw significant stock price increases following positive developments. Conversely, Azitra, QuidelOrtho, and Ohmyhome experienced substantial declines due to financial results and public offerings. Crude oil inventories surged unexpectedly, impacting commodity markets.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 7:32 pm

MIMO

The Division of Naval Surface Warfare Center has announced its intention to procure hardware manufactured by Airspan Networks. This procurement indicates a strategic move towards enhancing the naval division's technological capabilities, potentially involving MIMO technology, which is known for improving wireless communication efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:32 pm

IVV

JEPQ

NVDA

SPY

VOO

A Reddit post by u/kickinwood seeking investment advice beyond finding the 'next NVIDIA Corp (NVDA)' garnered various responses. Suggestions included focusing on sectoral ETFs like SPY, IVV, and VOO for S&P 500 exposure, and JEPQ for a balanced Nasdaq-tracking option. Stock picks highlighted for potential growth included PATH, PLAB, CAMT, ASML, SMCI, ABBV, DIS, BAC, RTX, MDT, RKLB, and PYPL, emphasizing the importance of diversification, research, and a balanced approach tailored to individual risk tolerance and financial goals.

Portfolio Pulse from Surbhi Jain

February 14, 2024 | 7:14 pm

SONY

Sony Group Corp. (NYSE:SONY) acknowledges the PlayStation 5 (PS5) is entering the latter stage of its life cycle, with sales projections reduced from 25 million to 21 million units for the current fiscal year. The company cites disappointing sales during the 2023 holiday quarter despite promotions. Sony anticipates a decline in PS5 sales momentum starting the next fiscal year (April 2024 - March 2025). Major PlayStation franchise releases are on hold until April 2025, impacting titles like 'God of War Ragnarok' and 'Marvel’s Spider-Man 2'. Despite this, Sony's gaming division reported record quarterly profits with $9.5 billion in revenue, driven by strong PS5 and PS4 game sales. Sony plans to diversify its game lineup with exclusive 'second-party' titles to boost PS5's appeal.

Portfolio Pulse from Franca Quarneti

February 14, 2024 | 6:59 pm

AKAM

COIN

IWM

UBER

U.S. stocks rebounded with the S&P 500 and Nasdaq 100 up by 0.4% and 0.5% respectively, driven by positive corporate earnings. The iShares Russell 2000 ETF (IWM) saw a significant rally of 1.7%. Bitcoin surpassed a $1 trillion market value. In the commodities market, U.S. natural gas prices dropped. Notable stock movements included Uber Technologies Inc. (UBER) and Akamai Technologies Inc. (AKAM) due to their earnings reports. Other companies like MGM, IQVIA, Charler River Laboratories, Kraft Heinz, Welltower, Airbnb, Lyft, and QuidelOrtho also reacted to earnings. Crypto-related stocks such as Coinbase, Marathon Digital, and Riot Platforms saw rallies.

Portfolio Pulse from Piero Cingari

February 14, 2024 | 6:51 pm