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MEOH

Methanex shares are trading lower following the announcement of a delay in production at its new 1.8 million tonne methanol plant, attributed to complications.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:00 pm

SONY

TTWO

Sony Group Corp. is expected to release a PlayStation 5 Pro in late 2024, aiming to boost interest in the PlayStation 5 ahead of Take-Two Interactive Software Inc.'s Grand Theft Auto VI launch in 2025. This follows a reduction in Sony's sales forecast for the PS5, from 25 million to 21 million units for the fiscal year ending in March, indicating a potential decline in sales. Analysts believe the PS5 Pro launch could stimulate sales despite challenges, including profit margins nearing decade lows. Sony may maintain the current PS5 price post-PS5 Pro launch.

Portfolio Pulse from Franca Quarneti

February 20, 2024 | 5:52 pm

TSLA

Tesla shares are trading lower following Ford's announcement of price cuts for the 2023 Mustang Mach-E in Canada, raising concerns about increased competition for Tesla.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:45 pm

BMR

Beamr Imaging Ltd. (NASDAQ:BMR) announced the launch of Beamr Cloud Video Software as a Service, aimed at optimizing video processing at scale. The service, showcased on Amazon AWS, offers up to 50% savings compared to traditional methods and includes features like codec modernization and AI-specific workflows. Beamr's CEO, Sharon Carmel, highlighted the service's efficiency, quality, and scalability, positioning it as a game-changer in the rapidly growing video processing industry.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:42 pm

DAL

Delta Air Lines Inc (NYSE:DAL) has launched a special flight, Flight 1218, to offer a unique viewing experience of the total solar eclipse on April 8, 2024. The flight, utilizing an Airbus A220-330 with large windows, will travel from Austin, Texas, to Detroit, Michigan, along the eclipse's path of totality. This initiative, marking the first total solar eclipse visible in the U.S. since 2017, has seen high demand, with most tickets already sold out. Delta's innovative approach could lead to additional flights and inspire other airlines to offer similar experiences.

Portfolio Pulse from Chris Katje

February 20, 2024 | 5:37 pm

LCID

TSLA

Lucid Group Inc (NASDAQ:LCID) is set to report its Q4 financial results, with analysts expecting a significant revenue drop from the previous year and a loss per share nearly in line with last year's. Lucid has previously missed revenue estimates for six consecutive quarters but has beaten EPS estimates in two of the last five quarters. The company has already reported Q4 production and delivery figures, showing a decrease in full-year production guidance. Analysts have expressed concerns over Lucid's short-term outlook, citing a lack of new products to drive growth. A notable point of interest is the $6 million cash bonus for CEO Peter Rawlinson, which has drawn criticism from Tesla's Elon Musk. Investors are keen on updates regarding the Lucid Gravity SUV and revised vehicle production and delivery guidance for 2024.

Portfolio Pulse from Chris Katje

February 20, 2024 | 5:30 pm

SMCI

Super Micro Computer (SMCI) shares are trading lower, potentially due to a pullback after recent gains. This follows the company's announcement of expanding its AI solutions portfolio.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:24 pm

AGRI

FLR

MEDS

MNPR

RAPT

SMMT

U.S. stocks traded lower with the Dow, Nasdaq, and S&P 500 all experiencing declines. The Conference Board's Leading Economic Index fell 0.4% for January. Monopar Therapeutics, AgriFORCE Growing Systems, and TRxADE HEALTH saw significant stock price increases due to positive company developments. Conversely, RAPT Therapeutics, Summit Therapeutics, and Fluor Corporation faced notable declines following negative news or earnings reports.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 5:09 pm

BKNG

Seaport Research Partners analyst Aaron Kessler initiated coverage of Booking Holdings Inc (NASDAQ:BKNG) with a Buy rating and a price target of $4,380, citing the company's global leadership in online accommodation reservations, focus on increasing alternative accommodations supply, and potential for EBITDA margin expansion. Despite a slight decline in shares to $3,711.91, Kessler is bullish on Booking Holdings' future, especially its growth prospects in 2024 and 2025.

Portfolio Pulse from Priya Nigam

February 20, 2024 | 5:09 pm

RSLS

ReShape Lifesciences announced on X (a social media platform) their strategy to tap into the growing market of medical weight loss, particularly focusing on GLP-1s, with their full portfolio of weight loss and wellness solutions.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:07 pm