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COP

ConocoPhillips (NYSE:COP) is proceeding with the Willow project in Alaska after receiving approval from the Department of the Interior and positive court rulings. The project, which faced opposition from environmentalists, is expected to generate significant revenue and create jobs, while reducing dependency on foreign energy. Despite the progress, COP shares dipped slightly in premarket trading.

Portfolio Pulse from Lekha Gupta

December 26, 2023 | 12:08 pm

DKNG

DraftKings (NASDAQ:DKNG) has been the subject of 18 analyst ratings in the past three months, with a consensus leaning towards bullish. The average 12-month price target is $44.78, up from $39.36, with a high estimate of $50.00 and a low of $36.00. Analysts from firms like Needham, Argus Research, Craig-Hallum, Guggenheim, Benchmark, Susquehanna, UBS, Truist Securities, and Morgan Stanley have provided updates, with most maintaining or raising their price targets. DraftKings operates in online sports and casino gambling, and has shown a revenue growth rate of 57.38% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by its net margin and ROE/ROA figures.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 12:00 pm

AULT

Ault Alliance forecasts FY24 revenues to range from $230M to $240M, driven by growth in its Sentinum brand, data center operations, and Bitcoin mining sector. The company's crane rental business is also expected to contribute to this performance.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 11:38 am

SSNLF

TSM

Samsung Electronics Co has postponed mass production at its new $17 billion chip plant in Taylor, Texas, from the second half of 2024 to 2025, impacting U.S. semiconductor production goals. Similarly, Taiwan Semiconductor Manufacturing Co (TSMC) has delayed production at its Arizona fab to 2025. These delays come amidst a shortage of experienced workers and challenges such as environmental permit issues and slow financial support from the U.S. government, which has only granted $35 million of the promised $100 billion for semiconductor plants.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 11:21 am

BYDDF

BYDDY

LI

TSLA

Tesla, Inc. (TSLA) shares are up in premarket trading following strong weekly insurance registrations for its made-in-China electric vehicles. The reported figure of 18,500 for the week of December 18-24 suggests robust demand, outpacing most domestic startups but still behind BYD Company Limited's (BYDDY, BYDDF) registrations. Li Auto, Inc. (LI) shared the data. Tesla's Q4 EV insurance registrations have already surpassed its previous quarterly record, indicating potential for meeting its annual delivery goal. Tesla's stock rose 0.59% in premarket trading after a drop in the previous session.

Portfolio Pulse from Shanthi Rexaline

December 26, 2023 | 11:03 am

ANTE

AirNet Technology Inc. reported a revenue of $0.58 million and an EPS loss of $(1.10) for the first half of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:28 am

BBJP

DXJ

EWJ

The Bank of Japan's Core Consumer Price Index (CPI) rose by 2.7% year-over-year, which is lower than the estimated 3.0% and equal to the prior figure of 3.0%. This indicates a slowdown in inflation compared to expectations.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:19 am

BILI

NTES

TCEHY

China's National Press and Publication Administration's new draft rules targeting gaming practices have led to a significant market selloff, with major companies like Tencent, NetEase, and Bilibili experiencing a plunge in share prices. UBS analyst Kenneth Fong warns that smaller developers could face greater challenges under these regulations, which could also reduce online advertising revenue. Despite this, China approved 105 new online games, indicating potential industry growth.

Portfolio Pulse from Benzinga Neuro

December 26, 2023 | 2:14 am

BTCUSD

Bitfinex Alpha's report predicts a positive outlook for Bitcoin and the crypto market in 2024, with an expected increase in global crypto owners to 850-950 million and a market capitalization of $3.2 trillion. The report cites a current growth rate of 2.8% per month, which may rise to 3.8%-4.4%, and notes significant trading volume increases and a surge in new Bitcoin addresses following G20 crypto regulation standardization.

Portfolio Pulse from Khyathi Dalal

December 25, 2023 | 5:00 pm

NVO

Novo Nordisk A/S (NYSE:NVO) plans to build a large-scale manufacturing facility in Dublin to meet the surging demand for its weight loss drugs Ozempic and Wegovy. The facility, expected to be operational by 2026, will cost over €2 billion and cover 147,192 square meters. This expansion follows the company's recent acquisition of an Athlone manufacturing site from Alkermes.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 4:32 pm