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Revenues

NUTX

Nutex Health has fully paid off its $2.74M debt to Yorkville Advisors and is executing a new strategic plan. This includes closing two underperforming hospitals in Texas, which is expected to save approximately $5 million annually. The company is also working on initiatives to reduce cash operating expenses and improve profitability by the third quarter of fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:33 am

CHT

Chunghwa Telecom Co. anticipates a revenue increase of 2.4%-3.1% YoY for 2024, with expected revenues between NT$228.54B and NT$230.19B. The company projects an EPS of NT$4.60-NT$4.80. Operating costs are also expected to rise by 4.0%-4.6%, leading to a potential decrease in income from operations. Investments in 5G, data centers, submarine cables, and ESG practices are driving an increase in property, plant, and equipment acquisitions.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:12 am

MOR

MorphoSys AG (NASDAQ:MOR) reported preliminary 2023 Monjuvi U.S. net product sales of $92.0M and Q4 sales of $24.1M. The company expects 2024 sales to be between $80M-$95M, consistent with its original 2023 guidance. Growth is anticipated from new indications being studied in Phase 3 trials. The 2023 gross margin for Monjuvi is 69%, affected by one-time inventory write-offs. Full financial results will be released on March 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:23 am

DIS

TSLA

Tesla, Inc. (TSLA) surpassed Disney Co. (DIS) in annual revenue for 2023, reporting $96.77 billion, a 19% increase over the previous year, compared to Disney's $88.90 billion. Despite this, Tesla's stock faced challenges after missing EPS expectations for two consecutive quarters and lowering its 2024 volume growth forecast. Tesla's market cap dropped significantly in January, but shares recovered slightly on Monday. Analysts have mixed views, with some adjusting their outlooks and suggesting strategies for recovery, while others express concern over the near-term future of the stock.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 8:11 am

SRAD

Sportradar (NASDAQ:SRAD) has announced that its automated odds recalculation tool, Alpha Odds, has increased client profits by an average of 10% in 2023. Alpha Odds enables operators to create custom betting prices based on their risk and liabilities. Since its launch in 2022, the tool has been adopted by over 60 betting operators globally.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 7:10 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Market strategist Jon Wolfenbarger predicts a significant stock market crash and a year-long recession, citing economic indicators like The Conference Board's Leading Economic Index and an inverted yield curve. Despite strong earnings from tech giants, he warns of overvaluation and potential new bear market lows. His view contrasts with BlackRock's recent upgrade of U.S. stocks and other analysts' mixed outlooks.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 7:00 am

EWQ

France's Consumer Spending for December remained stable at 0.3%, matching the estimated figure and showing no change from the previous month's revised figure of 0.6%.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:31 am

HMC

STLA

Toyota Motor Corp (NYSE:TM) leads vehicle sales in California, primarily with combustion engine models, registering 278,345 new vehicles in 2021, a 2% increase from the previous year. However, Toyota faces competition in the EV market, with only 3,753 BEV and 10,889 plug-in hybrid registrations. Honda Motor Co (NYSE:HMC) saw a 33.4% increase in registrations, while Stellantis NV's (NYSE:STLA) Jeep Wrangler PHEV outperformed Toyota's RAV4 PHEV. Tesla's Model Y was the best-selling car in California, indicating a strong market shift towards BEVs.

Portfolio Pulse from Anan Ashraf

January 30, 2024 | 5:37 am

EWA

Australia's retail sales for December showed a preliminary decline of 2.7%, which is significantly lower than the estimated 1.0% decrease. This represents a sharp drop from the revised prior figure of 1.6% growth.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 5:35 am

RIVN

TSLA

Tesla's Model Y was the best-selling vehicle in California in 2023, with 132,636 new registrations, contributing to Tesla's total of 230,588 new BEV registrations, a 24.6% increase from 2022. Rivian saw the largest increase in new registrations, with 10,297 vehicles registered, a 142.7% jump. The EV market share in California rose to 21.4%, while internal combustion engine market share dropped to 63.9%.

Portfolio Pulse from Anan Ashraf

January 30, 2024 | 3:12 am