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RL

Ralph Lauren CEO Patrice Louvet appeared live on CNBC to discuss the company's strategies in the Chinese market and the impact of artificial intelligence on their business. Louvet's insights are particularly relevant as China is a significant market for luxury brands, and AI is increasingly becoming a critical factor in retail for personalization and supply chain optimization.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:31 pm

DOGEUSD

FLOKIUSD

TSLA

Dogecoin (DOGE) and Floki (FLOKI) saw a 12% increase in market activity over the weekend, with trading volumes soaring by 200%. Dogecoin developer Paulo Vidal emphasized Dogecoin's commitment to financial freedom and changing the financial system, highlighting projects aimed at global financial inclusion. The surge in dog-themed tokens is attributed to expectations of growing adoption, spurred by an @xpayments profile on X (formerly Twitter) and Elon Musk's hints at integrating DOGE for payments. Tesla (TSLA) already accepts DOGE for merchandise purchases, and Musk suggested DOGE for Twitter Blue payments.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 3:26 pm

DLR

Digital Realty Trust (DLR) shares rose following the announcement of the expansion of its ServiceFabric platform. Additionally, Scotiabank upgraded DLR from Sector Perform to Sector Outperform with a $157 price target.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:23 pm

GNS

Genius Group Ltd (NYSE:GNS) shares surged after the company provided strong FY24 guidance, projecting annual revenue of $58 million-$60 million, which is significantly higher than the consensus of $33.47 million. The expected revenue represents a 110% year-over-year increase, driven by growth in its AI-driven EdTech platform and entrepreneurial education courses. The company also anticipates an adjusted EBITDA of $2.5 million-$3.0 million and a 67% increase in student and user numbers to 9.5 million-10 million. Following revised FY23 guidance indicating 43% to 60% revenue growth, CEO Roger Hamilton emphasized the importance of technology and education in 2024. Additionally, Genius Group reported a 120.76% growth in first-half revenue compared to the previous year and recently closed an $8.25 million public offering. GNS shares rose 7.02% to $0.3125.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 3:16 pm

UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) is anticipated to report lower Q4 earnings at $1.70 per share compared to $2.46 per share in the previous year. Revenue is expected to be $13.54 billion, up from $12.4 billion. The company announced a $2.6 billion renovation of Terminal B at IAH. UAL shares dropped 2.4% to $38.82. Analysts have revised their price targets and ratings, with the most accurate analysts having accuracy rates ranging from 62% to 66%.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:15 pm

LAES

SEALSQ Corp (NASDAQ: LAES) is set to revolutionize cryptocurrency security with its post-quantum semiconductor technology through the launch of SEALCOIN.AI. This new cryptocurrency is designed to be robust against quantum computing attacks, ensuring secure transactions. SEALCOIN, currently in pre-registration, will be available on exchanges by end of Q2 2024. SEALSQ's technology also includes NFC Microchips and cryptochip cards for physical product authentication and blockchain key management, aiming to enhance IoT and M2M economy.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:01 pm

LYB

VGK

LyondellBasell (LYB) has been awarded a €40 million grant from the EU Innovation Fund to support the construction of an advanced recycling demonstration plant in Wesseling, Germany. The MoReTec plant will utilize innovative technology to recycle polyolefin waste into pyrolysis oil and gas for polymer production, operating on renewable electricity and aiming to increase plastic circularity. The plant, part of the EU's commitment to fund clean-tech projects for decarbonization, is expected to start in 2026.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:51 pm

PWSC

PowerSchool (NYSE:PWSC), a leading provider of cloud-based software for K-12 education, has acquired Allovue, a provider of K-12 financial planning, budgeting, and analytics software. This acquisition enhances PowerSchool's data & analytics capabilities, offering comprehensive tools for budget management and transparency in K-12 finances. The integration of Allovue's solutions will provide real-time budgeting information, collaboration, and analytics to schools and districts. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:46 pm

DSX

Diana Shipping's joint venture for offshore wind service vessels has exercised an option to acquire two additional newbuilding Construction Service Operation Vessels (CSOVs) from VARD. This expansion of the joint venture's fleet indicates a strategic move to capitalize on the growing offshore wind energy sector.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:30 pm

SGMT

Sagimet Biosciences' stock is up following the announcement of positive Phase 2b clinical trial results for denifanstat, which met primary and multiple secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:28 pm