Streetbeat News

Products Services

ADT

ADT Inc. has announced its exit from the residential solar business, a strategic move to streamline its operations. Alongside this decision, the company has increased its quarterly dividend by 57%, demonstrating confidence in its financial health and commitment to returning value to shareholders. Additionally, ADT has authorized a new $350 million share repurchase program, which may indicate a belief by the company's management that its stock is undervalued and represents a good investment opportunity.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:05 pm

ADT

ADT Inc. (NYSE:ADT) has announced its decision to exit the residential solar business, choosing to concentrate on its core security and smart home business with an emphasis on cash flow generation and capital-efficient growth.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:03 pm

MSFT

Activision Blizzard, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), reported a 50% reduction in severe toxic chat incidents in Call of Duty since the launch of Modern Warfare III. This improvement is attributed to a new automated chat monitoring system that has penalized over two million accounts. Activision plans to continue evolving its moderation tools, including adding new languages and implementing stricter punishments for disruptive behavior. The company also introduced a rule against false reporting, which has raised concerns about the potential misinterpretation of legitimate reports.

Portfolio Pulse from Franca Quarneti

January 24, 2024 | 9:55 pm

PARA

Paramount Global (NASDAQ: PARA) has announced that Jon Stewart will return to host 'The Daily Show' during the 2024 election cycle. Stewart, who led the show for 16 years, will also serve as executive producer for every episode through 2025. His return is aimed at providing clarity and wit amidst the 'insanity and division' in the country. Stewart's first show back will be on February 12, following Super Bowl LVIII.

Portfolio Pulse from Maureen Meehan

January 24, 2024 | 9:51 pm

FCX

GLDG

IDR

GoldMining Inc. (GLDG) reported positive drilling results at the Whistler Gold-Copper Project, with significant gold and copper finds and plans for further exploration in 2024. The company is financially stable with $129 million in cash and investments. Idaho Strategic Resources Inc. (IDR) CEO John Swallow will participate in a DOE workshop on critical minerals independence in the U.S. Freeport-McMoRan Inc. (FCX) reported strong Q4 and full-year results for 2023, with higher copper sales volumes and lower net cash costs than expected, and a net income of $388 million for Q4.

Portfolio Pulse from Austin DeNoce

January 24, 2024 | 9:41 pm

NOW

EY and ServiceNow (NYSE:NOW) have expanded their strategic alliance to provide solutions for generative AI (GenAI) compliance, governance, and risk management. EY will utilize ServiceNow's Now Assist GenAI capabilities to enhance experiences for its professionals and clients. The new AI solutions will amplify EY's capabilities on ServiceNow's risk management solutions and are expected to be available in Q1 2024. The offerings aim to improve AI management and governance, ensure compliance with regulations, and promote ethical business practices. ServiceNow and EY have a history of collaboration and plan to focus on additional offerings for specific industries in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:37 pm

AMD

GOOGL

IBM

MSFT

NVDA

PLTR

The U.S. National Science Foundation has launched the National Artificial Intelligence Research Resource (NAIRR) pilot in collaboration with federal agencies and private organizations, including tech giants Nvidia, AMD, IBM, Microsoft, and Google. The initiative aims to democratize AI resources, fostering an inclusive and competitive AI environment in the U.S. It aligns with President Biden's vision for responsible AI and is expected to drive economic growth and create new markets. Tech companies have expressed their support, highlighting their contributions to the project.

Portfolio Pulse from Piero Cingari

January 24, 2024 | 9:34 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q4 earnings with a revenue of $25.17 billion, missing the consensus estimate of $25.62 billion. EPS was 71 cents, below the estimate of 74 cents. Automotive revenue increased by 1% YOY, and the Model Y was the best-selling vehicle globally in 2023. Operating margins decreased to 8.2%. Solar deployments were down 59% YOY, while energy storage increased by 30%. Annual production reached a 2 million vehicle run rate. Tesla ended Q4 with $29.1 billion in cash and anticipates slower growth in 2024 due to the next-gen vehicle launch. After the report, TSLA shares dropped 3% in after-hours trading.

Portfolio Pulse from Chris Katje

January 24, 2024 | 9:27 pm

IBM

IBM reported a strong Q4 performance with a 4% increase in revenue to $17.38 billion, surpassing the consensus estimate of $17.3 billion. Adjusted earnings were $3.87 per share, beating estimates of $3.78 per share. The growth was attributed to the adoption of hybrid cloud and AI offerings, with AI demand doubling from Q3 to Q4. IBM ended the quarter with $13.5 billion in cash and expects a mid-single digit revenue growth and about $12 billion in free cash flow for 2024. IBM shares rose 5.01% after hours to $182.64.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 9:25 pm

CLPT

ClearPoint Neuro, Inc. (NASDAQ:CLPT) has announced the successful installation and initial procedure using the ClearPoint Prism Neuro Laser Therapy System and Navigation System at Kaleida Health in Buffalo. The procedure was led by Dr. Jonathan Riley, who praised the technology for enabling minimally invasive neurosurgical procedures. The Prism laser, which is the only non-cooled laser applicator on the market, simplifies setup and improves efficiency. Currently in limited market release, a full market release is expected later this year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:25 pm