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FXI

SPY

US Treasury Secretary Yellen has indicated that the US economy may experience some spillovers from China's financial turmoil, particularly if it results in slower growth among key Asian trade partners. However, she believes that any potential spillovers to the US economy will not be 'very large'.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:19 pm

CVRX

Analysts have updated their ratings and price targets for CVRx (NASDAQ:CVRX), with a consensus average 12-month price target of $33.00, up from $22.50. Piper Sandler, JP Morgan, and Lake Street analysts have raised their price targets, reflecting a positive outlook on the company's performance and market potential. CVRx, a medical device company, has shown a revenue growth rate of 69.92% as of September 30, 2023, and has a market capitalization below industry averages. Despite a high net margin, CVRx's ROE and ROA are below industry standards, and it has a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 7:00 pm

HTBK

Heritage Commerce (NASDAQ:HTBK) received four somewhat bullish analyst ratings in the last three months, with no change in sentiment in the last 30 days. Analysts have raised the 12-month price target to an average of $10.62, up from $10.50. Heritage Commerce operates in banking and factoring, facing revenue challenges with a -6.9% decline as of September 30, 2023, but has a strong net margin of 33.67% and an ROA of 0.29%. The company's ROE is below industry average at 2.4%, and it has a low debt-to-equity ratio of 0.06.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 7:00 pm

AXP

DIA

INTC

QQQ

SMH

SPY

XLK

XLV

Stocks showed mixed performance despite mild inflation data, with the S&P 500 and Nasdaq 100 slightly down, while the Dow Jones edged higher. Personal spending growth outpaced expectations, raising concerns about the Fed's interest rate policy. Bitcoin rallied after hitting 1 million active addresses. Tech stocks and semiconductors fell, with Intel's weak forecast impacting the sector. American Express surged on a strong outlook, while other companies had varied reactions to earnings reports.

Portfolio Pulse from Piero Cingari

January 26, 2024 | 6:18 pm

AAL

ALGT

ALK

DAL

JBLU

UAL

Delta Air Lines Inc (DAL) topped The Wall Street Journal's annual airline rankings for the third consecutive year, demonstrating strong operational efficiency and customer service. Alaska Air Group Inc (ALK) and Allegiant Travel Company (ALGT) followed in second and third place. However, JetBlue Airways Corporation (JBLU) ranked at the bottom due to congested airspace over New York City. The industry overall showed improved performance with the best on-time arrival rate since 2019, though challenges like baggage handling, tarmac delays, and passenger complaints persist. American Airlines Group Inc (AAL) and United Airlines Holdings Inc (UAL) have made significant improvements, but the progress in reducing flight cancellations and delays remains uneven across carriers.

Portfolio Pulse from Michael Cohen

January 26, 2024 | 5:23 pm

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