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SGML

Sigma Lithium has completed loading 22,000 tonnes of Quintuple Zero Green Lithium for Glencore, with a 50% prepayment at a 7.5% premium of the LME/Fastmarkets lithium hydroxide price. This shipment marks a milestone for Sigma's Greentech Plant, achieving its annualized nameplate capacity of 270,000 tonnes. Sigma's production process is notable for its minimal environmental impact, including zero net carbon emissions, no use of coal-based power, tailings dams, potable water, or hazardous chemicals.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:41 pm

SGMO

Sangamo Therapeutics has been granted the PRIME designation by the European Medicines Agency for Isaralgagene Civaparvovec, a treatment for Fabry Disease. This designation is aimed at enhancing support for the development of medicines that target unmet medical needs.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:33 pm

BABA

Chinese AI startup 01.AI, backed by Alibaba Group Holding Ltd. (NYSE:BABA), has raised $200 million from Alibaba Cloud and Sinovation Ventures, reaching a $1 billion valuation in eight months. Under Kai-Fu Lee's leadership, 01.AI is making strides in the AI field with its open-source model Yi, outperforming competitors on the Hugging Face leaderboard. The company aims to meet the demand for large-scale language models in China, where OpenAI and Google face restrictions.

Portfolio Pulse from Caleb Naysmith

February 05, 2024 | 7:27 pm

F

GM

TM

Toyota Motor Corp (NYSE:TM) and Ford Motor Co (NYSE:F) are set to report their earnings on Feb. 6, with contrasting expectations. Toyota is anticipated to report $75.94 billion in Q3 revenues, while Ford is expected to report 13 cents in Q4 EPS and $39.53 billion in revenues. Toyota is known for its hybrid technology and global market share, whereas Ford has a strong presence in the U.S., particularly with trucks and SUVs. Ford's U.S. sales increased by 4.3%, outpacing Toyota despite challenges in the EV segment. Over the past year, Toyota's stock is up over 40%, while Ford's is down over 10%, with Ford trading at a lower P/E ratio. Analysts rate Ford a hold with a 5% upside, while Toyota's stock is considered overvalued.

Portfolio Pulse from Surbhi Jain

February 05, 2024 | 7:27 pm

TWST

Twist Bioscience (NASDAQ:TWST) received mixed analyst ratings with a notable increase in its 12-month price target to $44.5, up 61.82% from $27.50. Analysts from Scotiabank, Barclays, and Goldman Sachs raised their price targets, reflecting optimism about the company's disruptive DNA synthesis platform and its financial performance, including a 16.82% revenue growth rate and strong profitability metrics despite a negative net margin.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 7:00 pm

AAPL

GOOG

GOOGL

NFLX

SPOT

BofA analyst Wamsi Mohan maintained a Buy rating on Apple Inc (AAPL) with a $225 price target, citing the potential earnings impact of the new Vision Pro. The analyst highlighted the unique and immersive experience of the Vision Pro but noted typical first-generation product hurdles like weight and battery life. Mohan estimates the Vision Pro could add 68-89 cents to Apple's EPS over the next five years, driven by hardware sales and visionOS-based apps. He also mentioned key apps like Netflix (NFLX), Alphabet's YouTube (GOOG, GOOGL), and Spotify (SPOT) are missing from VisionOS at launch. AAPL shares traded higher by 1.60% at $188.83.

Portfolio Pulse from Anusuya Lahiri

February 05, 2024 | 6:53 pm

AMZN

Amazon.com Inc has launched a new AI assistant named Rufus, designed to help shoppers with product-related queries. Rufus, which uses a proprietary algorithm, has sparked debate over its potential to guide users to sponsored products, raising concerns given Amazon's history and ongoing antitrust lawsuit regarding a 'pay-to-play' system in product recommendations. While initially, Rufus is not influenced by advertising, analysts speculate it might eventually incorporate sponsored results to boost advertising revenue. Amazon's efforts in generative AI, including AWS's advancements, highlight the company's focus on enhancing customer experiences through technology.

Portfolio Pulse from Anusuya Lahiri

February 05, 2024 | 6:45 pm

MCD

SBUX

McDonald's Corporation (NYSE:MCD) reported a rare sales miss attributed to the Israel-Hamas war, affecting its business in the Middle East, China, and India. Despite this, the company saw overall growth in sales and earnings. Starbucks Corporation (NASDAQ:SBUX) also experienced a similar impact. Both companies issued statements to address misconceptions and boycotts. McDonald's Q4 revenue rose 8% to $6.41 billion, missing expectations, with same-store sales growth also falling short. However, net income was $2.04 billion. The company plans to continue its expansion, despite expecting the negative impact from the war to persist.

Portfolio Pulse from Upwallstreet

February 05, 2024 | 6:42 pm

IDXX

IDEXX Laboratories Inc (NASDAQ:IDXX) shares rose after reporting Q4 2023 earnings that exceeded expectations, with adjusted EPS of $2.32 against a consensus of $2.12, and sales of $901.60 million versus $891.25 million expected. Sales grew 9% year-over-year, driven by a 10% growth in Companion Animal Group (CAG). The company forecasts FY 2024 sales between $3.93 billion and $4.04 billion, with a profit range of $10.84 to $11.33 per share, against a consensus of $11. William Blair highlighted IDEXX's resilience and positive long-term outlook, supported by increased pet ownership and the upcoming launch of InVue Dx in late 2024.

Portfolio Pulse from Vandana Singh

February 05, 2024 | 6:21 pm

AAPL

FOX

FOXA

META

Apple Inc released its Apple Vision Pro headsets, marking a significant advancement in virtual reality. A 2016 episode of 'The Simpsons,' which aired on Fox Corporation's FOX, seemingly predicted the widespread use of VR headsets in public. The episode has gone viral on X, highlighting the show's history of predicting future events. Apple's Vision Pro, priced at $3,499, has seen strong pre-orders, with analysts predicting success but questioning the timeline and price point. Meta Platforms' Oculus Quest 3 is mentioned as a lower-priced competitor.

Portfolio Pulse from Chris Katje

February 05, 2024 | 6:19 pm