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ICLN

TSLA

Short-seller Jim Chanos criticized Tesla CEO Elon Musk's proposal for a carbon tax as a measure against climate change, labeling Musk as 'Subsidy King' and 'new darling of the Right'. Musk advocates for a carbon tax to combat climate change, citing a $5.3 trillion annual carbon subsidy per the IMF. Chanos, known for his bets against Tesla and Enron, recently closed his hedge fund. The debate highlights differing views on addressing climate change and the role of electric vehicles and renewable energy.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 6:24 am

VALN

Valneva has sold a Priority Review Voucher (PRV) awarded by the U.S. FDA for $103M, following the approval of IXCHIQ®, the first licensed vaccine for chikungunya virus. The proceeds will fund R&D, including Lyme disease vaccine development, further IXCHIQ® trials, and clinical pipeline expansion.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 6:06 am

EWA

Australia's trade balance for the reported period was AUD 10.959 billion, exceeding the estimated AUD 10.510 billion but lower than the revised previous figure of AUD 11.764 billion. The iShares MSCI Australia ETF (EWA) may be impacted.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 5:38 am

AAPL

Apple Inc. released its first-generation mixed reality headset, Vision Pro, on Feb. 2. Mark Gurman, a Bloomberg columnist, in his early review, compared the headset's functionality to that of an iPad, suggesting that a future version of Vision Pro could potentially replace the iPad. Gurman highlighted the headset's potential as a tool for watching movies, videoconferencing, and lightweight computing. Despite its high price, the Vision Pro has seen significant interest, with sales of 160,000 to 180,000 units during the first pre-order weekend. Tech YouTuber Marques Brownlee also reviewed the device, noting its immersive capabilities and ecosystem integration but pointed out downsides such as weight, comfort, limited app selection, short battery life, and high price.

Portfolio Pulse from Ananya Gairola

February 05, 2024 | 2:10 am

BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

USLM

United States Lime & Minerals reported a significant increase in its Q4 2023 earnings per share (EPS) to $2.98, up from $1.90 in the same quarter the previous year. Revenue also saw a notable rise to $65.7 million from $58.3 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 9:27 pm

ONEW

Analysts have recently updated their ratings and price targets for OneWater Marine (NASDAQ:ONEW), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $33.83, reflecting a positive outlook. The company's financial performance indicates a revenue growth of 13.45% for the last quarter, but challenges in profitability and asset utilization remain, with a net margin of -21.92% and an ROA of -5.71%.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 9:00 pm

DGX

Analysts have mixed views on Quest Diagnostics (NYSE:DGX), with recent ratings ranging from bullish to bearish. Over the last quarter, 7 analysts provided ratings, showing a shift towards a more neutral stance in the last 30 days. The average 12-month price target for DGX has been raised to $146.57, indicating a 4.91% increase from the previous target of $139.71. Despite a -7.68% decline in revenue over the past 3 months, Quest Diagnostics maintains strong financial indicators such as a high net margin of 9.72% and an ROE of 3.52%. The company's debt-to-equity ratio is also below industry norms at 0.76.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 9:00 pm

CCOEY

Capcom ADR (OTC:CCOEY) announced the Resident Evil 4 Gold Edition, set for release on Feb. 9, featuring the base game, all downloadable content, and exclusive items. The Gold Edition will have a physical release exclusively in Europe, while the U.S. will have a digital-only version. The original Resident Evil 4 Remake, launched in March 2023, saw significant sales, surpassing six million units. This release strategy reflects a broader industry trend towards digital-only releases, with Capcom Europe announcing the physical edition via X.

Portfolio Pulse from Franca Quarneti

February 02, 2024 | 7:21 pm

EMN

Analyst ratings for Eastman Chemical (NYSE:EMN) have shown a mix of sentiments over the last quarter, with a recent shift towards a more positive outlook. The average 12-month price target for EMN has increased by 6.39% to $93.2, with a high estimate of $101.00 and a low of $89.00. Recent analyst actions, including several rating raises by firms such as UBS and Keybanc, reflect changing market dynamics and company performance. Despite facing a revenue decline of -16.32% as of 30 September 2023, Eastman Chemical demonstrates strong profitability and financial health, with impressive net margin, ROE, and ROA figures. However, its high debt-to-equity ratio suggests a higher level of financial risk.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:01 pm