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UBER

Uber has filed an appeal against the Paris Mayor's order to exclude VTCs (vehicle for hire services) from operating on Rue de Rivoli and Rue Saint-Antoine, two central streets in Paris. This move comes as part of the city's efforts to reduce traffic and pollution. The exclusion could impact Uber's operations in the city, potentially affecting the company's revenue and market presence in Paris.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:19 pm

AAPL

META

Apple Inc. (AAPL) has announced an 'Alternative App Store' model for the EU, which includes a 'Core Technology Fee' for developers using third-party app stores or payment providers. This could cost Meta Platforms Inc. (META) and others millions annually. Meta's Threads app alone could result in a $1.089 million yearly fee for over three million downloads, compared to $250 per month if distributed exclusively through the App Store. The EU represents 6% of Apple's App Store revenue, and while Apple may see a decrease in revenue, the impact is expected to be limited.

Portfolio Pulse from Rounak Jain

January 26, 2024 | 5:01 pm

AAL

DAL

JBLU

LUV

SAVE

UAL

Spirit Airlines (NYSE:SAVE) stock dropped 18% on Friday after JetBlue Airways (NASDAQ:JBLU) reported it could not meet all conditions of their $3.8 billion merger deal by the deadline. The deal, which faces antitrust challenges, may be terminated after January 28, 2024. Spirit's shares have fallen over 60% since the antitrust ruling. JetBlue would owe Spirit $70 million or $400 million to shareholders if the merger fails. Spirit anticipates Q4 2023 revenue at the high end of guidance, expecting $1.32 billion against a $1.31 billion consensus. As of December 31, 2023, Spirit had $1.3 billion in liquidity.

Portfolio Pulse from Anusuya Lahiri

January 26, 2024 | 4:41 pm

ALV

Autoliv, Inc. (NYSE:ALV) reported an 18% increase in Q4 FY23 sales to $2.751 billion, with adjusted EPS of $3.74 surpassing estimates of $3.27. Growth was seen in all regions except China, attributed to new product launches and higher prices. Adjusted operating margin improved to 12.1%, and operating income rose 43% to $334 million. The company anticipates repeating past seasonality in 2024 and expects FY24 organic sales growth of 5% and operating cash flow of around $1.2 billion. ALV shares rose 4.97% to $108.76.

Portfolio Pulse from Nabaparna Bhattacharya

January 26, 2024 | 4:01 pm

COF

Over the past three months, 10 analysts have provided varied opinions on Capital One Financial (NYSE:COF), with recent ratings showing 2 bullish, 1 somewhat bullish, and 7 indifferent. The average 12-month price target for COF has risen 10.06% to $137.3, with a high of $154.00 and a low of $120.00. Analysts from firms like JP Morgan, RBC Capital, and others have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Capital One's financials show a strong market position with a high net margin of 18.2% and revenue growth of 6.37%, but below-average ROE and ROA, indicating potential efficiency issues.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 4:00 pm

CCL

CUK

Carnival Corporation has indicated that the instability in the Red Sea region, which is affecting shipping routes, could potentially impact the company's operational results. Additionally, Carnival estimates that the environmental regulations set for 2024 will have an approximate financial impact of $51 million on its operations.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:18 pm

ACON

CRBP

IVP

ONCO

TKLF

U.S. stocks were mixed in Friday's morning trading session after the release of PCE price inflation data for December. The Dow was slightly up, while the NASDAQ and S&P 500 saw minor declines. Health care shares were up by 0.5%, whereas information technology shares dropped by 0.8%. The PCE annual inflation rate remained steady at 2.6%, aligning with expectations. Inspire Veterinary Partners, Corbus Pharmaceuticals, and Aclarion saw significant share price increases, while Yoshitsu, Richtech Robotics, and Onconetix experienced notable declines. Oil prices fell slightly, while gold and silver saw modest gains.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 3:02 pm

SHW

Sherwin-Williams (NYSE:SHW) has been analyzed by 6 financial analysts, showing a shift towards a more neutral stance over the last quarter. The average 12-month price target is now $325.83, up from $296.00, with individual targets ranging from $300.00 to $378.00. Analysts from Wells Fargo, UBS, Baird, Argus Research, and Goldman Sachs have all raised their price targets. Sherwin-Williams is a leading architectural paint provider in the U.S. with strong financial performance indicators such as a 1.15% revenue growth rate, a net margin of 12.45%, ROE of 20.55%, and ROA of 3.3%, but carries a high debt-to-equity ratio of 3.14.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:01 pm

SPY

The USA Pending Home Sales Index for December was reported at 77.3, showing an increase from the prior figure of 71.4.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:01 pm

DOW

Analysts have updated their ratings and price targets for Dow (NYSE:DOW), with recent actions including raises in ratings and price targets by Wells Fargo, B of A Securities, UBS, and Deutsche Bank. The average 12-month price target is now $58.2, up from $55.50. Dow's financials show a negative revenue trend with a -23.98% growth, but strong net margin, ROE, and ROA. The company's debt-to-equity ratio is below industry norms.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:01 pm