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Revenues

CHTR

SPY

Charter Communications received the highest amount of $3.01 billion from the Affordable Connectivity Program, surpassing all other companies in the funding received.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:33 am

VLD

Velo3D, identified by its ticker symbol VLD, has announced strategic priorities aimed at growth in 2024. The company has secured $12 million in new order bookings since mid-December of fiscal year 2023. VLD is also on track to reduce its operational expenses by 40% by the end of the first quarter of 2024 and is committed to becoming cash flow positive in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:32 am

NTDOY

The Pokemon Company, funded by Nintendo ADR (OTC:NTDOY), is investigating 'Palworld' for potential intellectual property infringement. 'Palworld', developed by PocketPair, has been criticized for its resemblance to Pokemon, selling over 8 million copies since January 18. Despite controversy and threats to its developers, the game has seen significant success, even surpassing major titles in initial sales.

Portfolio Pulse from Ananya Gairola

January 25, 2024 | 10:19 am

SSL

Sasol reported increases in H1 FY24 productivity and production volumes across various segments, including mining, gas, SO, and chemicals. However, the company anticipates continued pricing and demand volatility in H2 FY24, with uncertainty in global markets and petrochemical demand. Challenges at South African entities Eskom and Transnet are causing business disruptions, affecting Sasol's suppliers and customers. Sasol is working with the government to address these issues. The company's FY24 guidance remains unchanged except for a reduced ORYX GTL utilisation rate forecast due to Q2 challenges.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:52 am

AAL

DOW

LUV

NFLX

T

V

The CNN Money Fear and Greed index has moved to the 'Extreme Greed' zone, indicating increased market sentiment. U.S. stocks closed mixed, with the S&P 500 hitting a record high. Netflix shares surged after strong Q4 results, while AT&T shares dropped post mixed results and guidance. Economic data showed service and manufacturing PMI growth. Sectors like materials, utilities, and real estate fell, but energy and communication services rose. Investors look forward to earnings from Visa, Dow Inc., Southwest Airlines, and American Airlines.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 7:09 am

NOK

Nokia anticipates a full year 2024 comparable operating profit in the range of EUR 2.3 billion to EUR 2.9 billion, with a free cash flow conversion rate from comparable operating profit of 30% to 60%.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:29 am

BRK

KO

NFLX

NKE

Berkshire Hathaway Inc. has completed the acquisition of the remaining 20% of Pilot Travel Centers, with total spending likely over $13 billion. Pilot, ranked as the nation's fifth-largest private company by Forbes, generated an estimated $70 billion in revenue in 2022, outperforming Nike, Coca-Cola, and Netflix. Despite a 23% revenue drop in 2023 due to lower fuel prices and sales volumes, Pilot remains significant for Berkshire's future earnings. The acquisition followed a legal dispute over alleged buyout terms violation, which was resolved in early January.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 5:30 am

TSLA

Tesla Inc's energy generation and storage segment saw a Q4 revenue decline to $1,438 million, a 7.8% drop from the previous quarter, due to lower energy storage deployments. Despite this, annual revenue for the segment increased by 54% to $6,035 million. Conversely, Tesla's automotive revenues reached a yearly high in Q4 at $21,563 million, a 9.9% increase from Q3. Tesla anticipates that in 2024, the growth rate of its energy storage business will surpass that of its automotive sector. The company is focusing on ramping up its Megafactory in Lathrop, California, which is expected to produce 10,000 Megapack units annually, equating to 40 GWh of energy storage.

Portfolio Pulse from Anan Ashraf

January 25, 2024 | 2:52 am

PRSO

Peraso Technologies Inc. reported estimated Q4 revenue of $1.6M-$1.9M, below the expected $3.2M, and FY23 revenue of $13.6M-$13.8M, under the $15.12M estimate. The company's cash position improved by $0.9M in Q4 due to proceeds from the end-of-life of its memory products.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:35 pm

T

TMUS

VZ

Analysts from Keybanc, Oppenheimer, Raymond James, and Morgan Stanley have updated their outlook on Verizon Communications Inc (VZ) following its Q4 results and 2024 guidance. Keybanc raised its price target to $46, noting mixed Q4 results but encouraging guidance. Oppenheimer increased its price target to $48, highlighting strong momentum and positive outlook for 2024. Raymond James maintained a $46 price target, emphasizing Verizon's defensive nature and total return potential. Morgan Stanley also maintained an Overweight rating with a $44 price target, pointing to a significant beat on postpaid phone adds and positive revenue trends. The analysts' views suggest a positive impact on Verizon's stock, with a neutral to positive outlook for AT&T (T) and neutral for T-Mobile US (TMUS). Verizon's shares closed lower by 2.25% at $41.28.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 10:31 pm