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Revenues

MNKD

MannKind Corporation has entered into a deal to sell a 1% royalty on net sales of Tyvaso DPI, a treprostinil inhalation powder, for up to $200 million. This includes an upfront purchase price of $150 million and an additional potential milestone payment of up to $50 million.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 11:10 am

BYDDF

BYDDY

FFND

TSLA

Tesla, Inc. (TSLA) is set to release its Q4 delivery data, a key indicator for its upcoming earnings report. Analysts predict around 480,500 units for Q4, with some estimates reaching 505,794 for production and 479,000 for deliveries. Tesla needs 475,926 units in Q4 to meet its annual target of 1.8M deliveries. BYD Co. Ltd. (BYDDY) (BYDDF) reported strong Q4 EV sales, challenging Tesla's dominance. Tesla's price cuts in 2023 affected margins, leading to Q3 misses. The Cybertruck launch and changes in U.S. EV subsidies may influence future pricing and demand. Tesla's stock ended 2023 up 101.72% despite a recent drop.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 8:38 am

CALM

LMDX

PALI

SPGC

WNW

Several companies are in focus heading into Tuesday with key developments: Sacks Parente Golf, Inc. (SPGC) announced the immediate resignation of its CEO, with shares dropping in after-hours trading. LumiraDx Limited (LMDX) agreed to sell its technology platform to Roche, resulting in a share price decline. Palisade Bio, Inc. (PALI) filed for a common stock offering, slightly boosting its share price. Meiwu Technology Co., Limited (WNW) reported a significant revenue surge and a decrease in net loss, leading to a share price increase. Cal-Maine Foods, Inc. (CALM) plans to acquire assets from Tyson Foods, with a slight decrease in its share price after the announcement.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 7:44 am

DIS

Elon Musk criticized Disney's content slate as 'unwatchable' and claimed that Disney's market cap is solely based on its parks, with other segments valued 'neutral to negative'. Disney (NYSE:DIS) lagged the S&P 500 in 2023, with modest revenue growth and a drop in EPS. The company faces challenges in streaming and linear TV, and box office performance has been weak. Despite this, Morgan Stanley analyst Benjamin Swinburne is bullish on Disney's Experiences segment. Disney shares slightly fell in the last session.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 6:18 am

RBGLY

Reckitt Benckiser's Mead Johnson Nutrition is recalling approximately 675,000 cans of Nutramigen Powder due to potential contamination with Cronobacter sakazakii bacteria. No illnesses have been reported, and tests for Cronobacter in the suspected batches were negative. The FDA has stated that mandatory testing does not guarantee the absence of bacteria due to potential uneven distribution of low-level contamination. The recall is not expected to significantly affect the U.S. supply of powdered infant formulas.

Portfolio Pulse from Benzinga Neuro

January 02, 2024 | 4:39 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) extends insurance subsidies for entry-level Model 3 vehicles in China until Jan. 31, offering a 6,000 yuan subsidy for deliveries completed by month-end. This is a reduction from the 8,000 yuan offered in December. Tesla also introduces a loan incentive with rates starting at 3.65% for Model 3 and Y, and 2.5% for Model S and X. Despite price cuts earlier in 2023, demand didn't surge significantly, but China sales showed momentum in the second half of the year. Tesla's Q4 global deliveries report is anticipated before the market opens Tuesday.

Portfolio Pulse from Shanthi Rexaline

January 01, 2024 | 8:04 pm

NVDA

The article provides an industry comparison of NVIDIA (NASDAQ:NVDA) against its competitors in the Semiconductors & Semiconductor Equipment industry. It evaluates NVIDIA's financial metrics, market position, and growth potential. NVIDIA has a lower P/E ratio than the industry average, suggesting potential value. However, its high P/B and P/S ratios may indicate overvaluation. NVIDIA's ROE is significantly higher than the industry average, indicating efficient use of equity. Despite a lower EBITDA and gross profit compared to the industry average, NVIDIA's revenue growth is substantially higher, showing strong demand for its products. The company also has a lower debt-to-equity ratio compared to its top 4 peers, suggesting a stronger financial position.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 4:00 pm

BUD

QSR

SPOT

Analysts have upgraded Spotify Technology (SPOT), Anheuser-Busch Inbev SA (BUD), and Restaurant Brands International Inc. (QSR) despite concerns of a potential recession in 2024. Spotify's strong financials and workforce reduction are expected to drive profitability, with Pivotal Research and Rosenblatt Securities setting price targets of $265 and $300, respectively. Anheuser-Busch is recovering from a sales decline due to a controversy, with JPMorgan setting a price target of $79. Restaurant Brands is expected to see increased revenue from holiday sales, with RBC Capital and BMO setting price targets of $87 and $85, respectively.

Portfolio Pulse from Aditi Ganguly

January 01, 2024 | 3:00 pm

KARS

RIVN

TSLA

In 2023, the EV industry faced production and demand challenges, with Tesla, Inc. (TSLA) doubling its stock value after aggressive price cuts. Rivian Automotive, Inc. (RIVN) also ended the year positively, maintaining production forecasts and managing costs. Global EV adoption slowed due to affordability and infrastructure issues. Tesla's North American Charging Standard gained significant adoption from other automakers. Legacy automakers scaled back EV plans due to strikes and demand slowdown. Analyst Gary Black views Tesla as the only investable EV company, with BYD and Rivian as potential winners. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) fell 7.85% for the year.

Portfolio Pulse from Shanthi Rexaline

December 30, 2023 | 3:28 pm

AGG

BND

JNK

The bond market experienced a rally in 2023, but analysts warn of potential over-optimism for 2024. The 10-year U.S. Treasury note yield has seen significant fluctuations, with a recent retreat from over 5%. Investors are considering a 'soft landing' scenario, but challenges like the fiscal deficit and corporate debt refinancing remain. Diverse views from experts at Allspring Global Investments, Sierra Mutual Funds, BlackRock, Manulife Investment Management, and Apollo Global Management highlight the uncertainty. Three ETFs, AGG, BND, and JNK, are suggested for investors interested in the bond market.

Portfolio Pulse from Bibhu Pattnaik

December 30, 2023 | 3:18 pm