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ARKK

BTCUSD

Cathie Wood of Ark Invest believes Bitcoin (BTC) has more room to grow and that an ETF approval could be a 'green light' moment for institutional investors. Despite expectations of a sell-off post-ETF approval, Wood argues that the market may have already positioned for this. She expects substantial inflows from retail and institutions if an ETF is approved, citing Bitcoin's scarcity and potential for substitution with gold as factors for its continued rise.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 10:04 pm

JBLU

JetBlue anticipates its Q4 results to be at the higher end of its previously provided guidance, thanks to robust demand in December and strong operational performance during the holiday season.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:02 pm

F

GM

HMC

TM

TSLA

Tesla Inc (NASDAQ:TSLA) achieved a 4.20% market share in the U.S. auto market in 2023, with 654,888 units delivered, marking a 25.4% year-over-year growth. The Tesla Model Y became the best-selling electric vehicle ever, with over two million units sold. General Motors Company (NYSE:GM), Toyota Motor Corporation (NYSE:TM), and Ford Motor Company (NYSE:F) led the market, with GM at 16.5% share. Honda Motor Company (NYSE:HMC) saw the largest market share gain among the top 10, with a 1.3% increase. Elon Musk aims for Tesla to reach a 6.9% market share next.

Portfolio Pulse from Chris Katje

January 08, 2024 | 9:59 pm

JEF

Jefferies Financial Group Inc. (NYSE:JEF) reported Q4 earnings of $0.29 per share, missing estimates by $0.05 and marking a 49% year-over-year decrease. Revenue was $1.2 billion, below expectations of $1.236 billion. Investment Banking net revenues were $577 million, and Capital Markets net revenues were $481 million. The company's annualized return on adjusted tangible equity was 3.8%. Shares fell 2.83% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 08, 2024 | 9:51 pm

U

Unity Software announced plans to cut around 1,800 employee roles, which is about 25% of its workforce, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:49 pm

MXCT

MaxCyte's stock price is on the rise following the announcement of robust preliminary revenue results for Q4 and the full year of 2023.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:44 pm

JEF

Jefferies Financial Group (NYSE:JEF) reported Q4 earnings with an EPS of $0.3, missing estimates by 11.76% compared to the expected $0.34. Revenue also declined by $241 million from the same period last year. Despite missing EPS estimates last quarter, JEF's stock price increased by 1.88% the following day. Historical earnings performance shows mixed results over the past four quarters.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 9:35 pm

PAVM

PAVmed Inc. received a notification from Nasdaq on January 7 stating that the company has regained compliance with the $1 minimum bid price requirement for continued listing, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:34 pm

EXTR

Extreme Networks, Inc. (EXTR) has revised its Q2 revenue guidance downward from the previously estimated range of $312M-$327M to approximately $294M-$297M, which is below the consensus estimate of $320.51M. The company attributes the revision to industry challenges such as channel digestion and longer sales cycles, which have led to large deals being postponed to future quarters. Despite this, Extreme Networks reports a 41% year-over-year growth in subscription revenue and expects recurring revenue to make up 33% of total revenue. The company also notes a strong gross margin and an ending cash balance of $221.4M after share repurchases of $25M. CEO Ed Meyercord expresses confidence in the company's long-term strategy and its managed services and subscription offerings.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:32 pm

BARK

LVLU

URBN

ZAPP

In Monday's after-market session, several consumer discretionary stocks experienced significant movements. BARK, URBN, HOUR, BRLT, CLEU, and GRWG saw gains, with BARK leading at a 20.1% increase. Conversely, LVLU, ZAPP, TCS, POL, ECDA, and QSG faced declines, with LVLU dropping by 5.4%. These movements reflect changes in investor sentiment and could influence the short-term performance of these stocks.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 9:31 pm