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NFLX

During the earnings call, Netflix's Co-CEO stated that the company's ad business is still in its early stages and will require years of work before it has a material impact on Netflix's financials.

Portfolio Pulse from Charles Gross

January 23, 2024 | 10:05 pm

NFLX

Netflix has signaled potential price hikes in 2024 in its quarterly investor letter, citing investments and improvements in its service. The company added WWE's Raw to its content slate and has over 260 million global subscribers. Despite not announcing a specific price increase or date, Netflix's communication suggests that higher prices are on the horizon to support content expansion and service enhancements.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:55 pm

ORMP

Oramed Pharmaceuticals and its partners plan to initiate a Phase 3 trial in the U.S. for oral insulin. Oramed will receive a 3% royalty on gross revenues generated from its related assets by the joint venture.

Portfolio Pulse from Charles Gross

January 23, 2024 | 9:51 pm

ARKK

TSLA

Cathie Wood of Ark Investment Management commented on CNBC that Tesla could lower its prices if the global economy is in a weak spot. This statement reflects her view on Tesla's pricing strategy in response to economic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:36 pm

AMD

ASML

GFS

INTC

MRVL

NVDA

NXPI

QCOM

TER

WDC

Cantor Fitzgerald's 2024 Outlook report for semiconductors, analyzed by C.J. Muse, indicates semiconductor revenues are currently below GDP trend but are expected to catch up and surpass it in 2024. The industry is set for a recovery, with an 18% growth projection for CY24, potentially exceeding 20%. Key growth areas include AI and Memory, with System-on-Chip companies playing a significant role. The SOX index has risen ~95% since its low in October 2022, and semiconductor fundamentals bottomed in Q2 2023, suggesting a strong year ahead for semiconductor stocks.

Portfolio Pulse from Surbhi Jain

January 23, 2024 | 9:26 pm

AMD

INTC

NVDA

STX

WDC

Analysts from Citi and Mizuho provided their insights on the semiconductor industry, highlighting their top stock picks and price targets. Citi's Christopher Danely is optimistic about the semiconductor market's recovery, particularly in DRAM, and reiterated Micron Technology as his top pick with a price target of $95. He also recommended AMD, Microchip Technology, Broadcom (AVGO), Analog Devices, ON Semiconductor, Qualcomm, and GlobalFoundries. Mizuho's Vijay Rakesh discussed the data center and AI supply chain, favoring Nvidia for its AI dominance and Intel for its upcoming product ramps. Rakesh also sees potential in AMD's AI competition and has Buy ratings on AMD, Broadcom, Intel, Micron, Nvidia, Seagate Technology, and Western Digital with respective price targets of $162, $1,250, $58, $100, $625, $100, and $62.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 9:25 pm

ALSN

Allison Transmission has announced a strategic partnership with SANY, a global heavy equipment manufacturer, to supply transmissions for SANY's mining vehicles. Allison will provide its Off Road Series (ORS) and Wide Body Dump Series (WBD) transmissions for SANY's next-generation mining dump trucks and other vehicles. This partnership is expected to help Allison gain significant market share in the global mining industry, particularly in Africa, Asia, and South America.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:12 pm

NFLX

Netflix anticipates strong double-digit revenue growth for 2024, attributing this to an increase in membership and adjustments in foreign exchange neutral Average Revenue per Membership (ARM) due to price changes.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:05 pm

ORCL

Oracle Corporation (NYSE:ORCL) shares are trading higher, with a 2.21% increase to $112.54, following a positive trend that began in January. The uptrend comes after a steep decline in mid-December due to mixed Q2 financial results. Oracle has recently been recognized as a Leader in the 2023 Gartner Magic Quadrant for Cloud Database Management Systems and announced the general availability of the Oracle Cloud Infrastructure Generative AI service. The stock's rise and its appearance on Stocktwits' Trending page indicate increased investor interest.

Portfolio Pulse from Ryan Gustafson

January 23, 2024 | 8:58 pm

RDHL

Redhill Biopharma was granted U.S. Patent #11878011 for a method to eradicate Helicobacter pylori infection in patients, regardless of body mass index. This patent is related to their lead drug Talicia, which is a Qualified Infectious Disease Product.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:57 pm