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TGT

Target Corporation has expanded its product offerings by introducing over 1,000 new wellness-related items, with prices starting as low as $1.99. This move is part of Target's strategy to cater to the growing consumer interest in health and wellness products.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:02 am

LMT

Lockheed Martin Corp. (NYSE:LMT) announced a potential delay in the delivery of the TR-3 version of its F-35 fighter jets due to software issues, causing its stock to drop by 3.9%, the largest decline in over four months. Despite surpassing fourth-quarter earnings estimates with $18.87 billion in sales, Lockheed predicts a 6.5% decrease in earnings for 2024. The Pentagon is withholding $7 million in payment for each F-35 in storage until the software and hardware upgrades are completed.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 10:52 am

SLI

Standard Lithium Ltd. is progressing with its South West Arkansas Lithium Project by selecting a firm to conduct a Definitive Feasibility Study (DFS) and Front-End Engineering Design (FEED). This step is crucial for the project's development, as it will provide detailed engineering and cost estimates necessary for construction and operations. The advancement of the project is a positive move for Standard Lithium, indicating its commitment to moving forward with lithium production in Arkansas.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:38 am

ABVX

Abivax is set to host a KOL investor event on February 6 to discuss Phase 2B data and Phase 3 trial design for Obefazimod, a treatment for moderately to severely active ulcerative colitis.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:36 am

TSLA

Former Tesla employee Tim Zaman praised the new version 12 of Tesla's Full Self-Driving (FSD) software as 'impressive' but humorously questioned whether Tesla will resolve its auto-wiper issues before perfecting self-driving technology. Elon Musk called FSD v12 a 'breakthrough,' despite it still being labeled as 'beta,' indicating it requires active driver supervision. The rollout to non-employee drivers began earlier this week.

Portfolio Pulse from Anan Ashraf

January 24, 2024 | 10:31 am

TSLA

Tesla, Inc. (TSLA) is anticipated to report a decline in Q4 profit with modest revenue growth. Analysts expect $25.58 billion in revenue and 74 cents in adjusted EPS, compared to last year's $24.32 billion and $1.19 EPS. Fund Manager Gary Black predicts a core auto gross margin of 16.1% and 73 cents adjusted EPS for Q4. Key factors include Q4 auto gross margins excluding regulatory credits and 2024 delivery guidance. Tesla faces demand challenges amid global economic uncertainty, with recent price cuts in China and Europe potentially affecting margins. TSLA stock has declined, trading at $212 in premarket, down from its peak of $414.50 in November 2021.

Portfolio Pulse from Shanthi Rexaline

January 24, 2024 | 9:54 am

AAPL

Apple Inc. (NASDAQ:AAPL) has introduced a 10% royalty bonus for artists who release their music in Spatial Audio on Apple Music. This incentive, effective from January's payouts, aims to encourage more artists to adopt Spatial Audio and is calculated based on the proportion of Spatial to Non-Spatial plays. The move comes amid a significant increase in Spatial Audio tracks on Apple Music and the European Parliament's call for fair music streaming industry rules.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 9:50 am

NFLX

Netflix Inc. (NASDAQ:NFLX) has indicated potential price hikes in the future to reflect improvements in the service, as mentioned in their shareholder letter post Q4 results. The company reported Q4 revenue of $8.83 billion and added 13.12 million net paying subscribers. Netflix has ended new subscriptions for its 'Basic' ad-free plan and is phasing it out in the UK and Canada. Co-CEO Ted Sarandos expressed satisfaction with the crackdown on password sharing and sees gaming as a significant opportunity, highlighted by the success of the Grand Theft Auto trilogy. Netflix will also add World Wrestling Entertainment to its platform in 2025.

Portfolio Pulse from Rounak Jain

January 24, 2024 | 8:49 am

NFLX

Netflix Inc. (NASDAQ:NFLX) is exploring the expansion of its gaming portfolio following the success of Grand Theft Auto Trilogy on its platform. Co-CEO Greg Peters highlighted the game's high download and engagement numbers, which surpassed expectations and led to a threefold increase in game engagement over the past year. Netflix sees a $140 billion consumer spend opportunity in gaming, excluding China and Russia. The company plans to continue investing in gaming, with a focus on licensing existing games, some with exclusivity, as part of its strategy. Peters mentioned the possibility of adding popular titles like Candy Crush or Fortnite. Netflix also discussed a crackdown on password sharing, which has increased engagement and new user sign-ups, and its venture into sports entertainment through a partnership with WWE.

Portfolio Pulse from Ananya Gairola

January 24, 2024 | 7:34 am

INFY

Infosys has enhanced the Australian Open 2024 experience by implementing AI-first technologies, aiming to provide a more immersive experience for fans. This advancement showcases Infosys' commitment to innovation and its capabilities in AI technology, potentially attracting more clients interested in similar solutions.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:25 am