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Revenues

AAPL

GS

Apple Inc. (AAPL) has increased the APY for its Apple Card Savings Account to 4.50%, up from 4.35%. This is the third hike since December, with previous rates at 4.15% and 4.25%. The account, in partnership with Goldman Sachs (GS), allows users to earn interest on deposits up to $250,000. The rate now matches that of Marcus by Goldman Sachs. Apple also offers exclusive subscription deals for Apple Card users but reminds them that interest is taxable with 1099-INT forms.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 11:07 am

CODA

Coda Octopus Group reported a decrease in FY24 revenue to $19.4M, down 12.9% YoY, with diluted EPS falling to $0.28 from $0.38. The decline was attributed to lower sales in both Marine Technology and Marine Engineering segments, higher commission costs, and a less favorable sales mix. Despite reduced profits and margins, the company increased its cash balance to $24.4M.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:02 am

EE

Excelerate Energy Inc (NYSE:EE) has signed a 15-year LNG sale and purchase agreement with QatarEnergy to supply up to one million tons per annum of LNG to Bangladesh starting January 2026. The deal involves deliveries to floating storage and regasification units in Bangladesh, with volumes starting at 0.85 MTPA in 2026 and 2027, increasing to one MTPA from 2028 to 2040. This agreement follows a similar deal made with Petrobangla in November for the same time period. Excelerate's Q4 and full year 2023 results are expected on February 28, 2024. EE shares saw a slight increase of 0.52% to close at $15.54 on Friday.

Portfolio Pulse from Lekha Gupta

January 29, 2024 | 10:40 am

AAPL

DIS

Elon Musk, owner of Twitter now known as X, responded to venture capitalist Paul Graham's comment that Twitter has 'improved a lot' since Musk's acquisition. Graham noted a decrease in mob trolling, while Musk likened getting used to trolling to 'water off a duck's back.' The platform has been criticized for handling hate speech and misinformation, leading to ad withdrawals from companies like Apple Inc. and Walt Disney Co.

Portfolio Pulse from Rounak Jain

January 29, 2024 | 10:26 am

RYAAY

Ryanair Holdings Plc reported a 7% year-over-year increase in Q3 traffic to 41.4 million passengers, while average fares rose 13% to over €42. Q3 scheduled revenues increased by 21% to €1.75 billion. Ancillary revenue grew 10% to €0.95 billion, approximately €23 per passenger. Total Q3 revenue was up 17% to €2.7 billion. However, operating costs also rose by 26% to €2.7 billion, driven by a 35% increase in fuel costs and higher staff costs. The company highlighted its widening cost gap with competitors as a competitive advantage.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:10 am

PHG

Philips reported a 3% growth in comparable sales for Q4, excluding provisions charged to sales. The company also saw a 3% increase in comparable order intake during the same period.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:48 am

PHG

Philips projects a 3-5% comparable sales growth and an adjusted EBITA margin of 11-11.5% for the year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:46 am

AMZN

CMCSA

DIS

MS

NFLX

Amazon.com Inc (NASDAQ:AMZN) is set to introduce ads on its Prime Video platform, which could significantly boost its $38 billion advertising business. This move positions Amazon as a strong competitor in the streaming ad market, challenging traditional TV networks and digital platforms. Wall Street analysts estimate that this could generate over $5 billion in revenue for Amazon. The company's advertising rates are competitive, and it has received a positive response from agencies. Amazon's success in advertising is not guaranteed, as it competes with established players like Walt Disney Co (NYSE:DIS) and Comcast Corporation (NASDAQ:CMCSA), and Prime Video only accounts for 3.3% of U.S. TV-watching time.

Portfolio Pulse from Bibhu Pattnaik

January 27, 2024 | 8:21 pm

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

AAPL

The article celebrates the 14th anniversary of the Apple iPad, highlighting its success and impact on Apple Inc.'s (AAPL) business. It details the iPad's introduction by Steve Jobs, its sales milestones, and the evolution of the product line. The article also compares the investment returns of $1,000 in Apple stock since the iPad's launch to the same investment in Nasdaq and S&P 500 index funds, showing Apple's significant outperformance. Additionally, it mentions other successful Apple products and the revenue generated by iPads in FY23.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 2:51 pm