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LQR

LQR House has regained compliance with the Nasdaq's minimum bid price requirement by maintaining its stock price above the $1 minimum bid price for 10 consecutive days.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:54 pm

PRTH

Priority Tech shares have risen following an upgrade from B. Riley Securities, which changed its rating from Neutral to Buy and increased the price target from $5 to $10.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:53 pm

PGR

Progressive Corporation (NYSE:PGR) reported its November 2023 results with a net income of $680.6 million and earnings per share (EPS) of $1.15. Net premiums written were $4,725.1 million, and net premiums earned were $5,079.0 million. The company saw a combined ratio of 91.1 for the current year, an improvement from the prior year's 92.2. Progressive also reported a total pretax net realized gains on securities of $246.5 million. Policies in force increased across all categories, with personal auto up by 9%, special lines by 7%, and property business by 8%. The company has modified its earnings release content due to a change in its monthly accounting closing calendar to align with the Gregorian calendar, which may affect year-over-year comparisons from October 2023 through September 2024.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:50 pm

BA

UBS analyst Gavin Parsons has reaffirmed a Buy rating on Boeing (NYSE:BA) and increased the price target from $275 to $315, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:50 pm

AAPL

CMA

PARA

ZM

On CNBC's 'Halftime Report Final Trades,' Joshua Brown selected Zoom Video Communications (ZM) as his final trade, despite its upcoming removal from the Nasdaq index. Rob Sechan chose Comerica Incorporated (CMA) after Wells Fargo's price target increase. Jim Lebenthal picked Paramount Global (PARA), which is considering a streaming partnership with Apple Inc. (AAPL). ZM shares rose 1.3%, CMA gained 8.5%, and PARA increased by 6.6% in the last session.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 1:49 pm

LVO

LiveOne (NASDAQ:LVO) has announced a strategic B2B partnership with a Fortune 500 media conglomerate, which is expected to generate a minimum of $20M in revenues for calendar year 2024. This partnership has led LiveOne to raise its FY24 revenue guidance to $118M-$120M, compared to the estimated $118.31M. The company now has over 35 potential B2B partnerships across 8 verticals. The updated revenue guidance reflects management's optimism for continued revenue growth and business execution through Fiscal 2025. However, these are preliminary expectations and are subject to change during the quarter-end and fiscal year-end review process.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:48 pm

FSR

SGRY

VRCA

Verrica Pharmaceuticals' partner Torii Pharmaceutical announced positive Phase 3 trial results for TO-208 in Japan, boosting VRCA shares by 52%. Fisker released the final 2023 over-the-air software update for the Fisker Ocean, with plans for regular updates in 2024, increasing FSR shares by 11%. Surgery Partners' stock fell by 6% after announcing a proposed secondary offering of common stock.

Portfolio Pulse from ryanfaloona@benzinga.com

December 15, 2023 | 1:47 pm

DRI

Darden Restaurants Inc (NYSE:DRI) reported Q2 FY24 sales of $2.727 billion, a 9.7% increase Y/Y but slightly below analyst estimates of $2.741 billion. Blended same-restaurant sales rose by 2.8%, with additional revenue from 78 Ruth's Chris Steak House locations and 45 other new restaurants. Operating margin was 10.2%, with operating income up 19.4% Y/Y to $278.5 million. Adjusted EPS of $1.84 exceeded estimates of $1.74. The company declared a quarterly dividend of $1.31 per share and has $328 million left in its share repurchase program. FY24 adjusted EPS guidance is $8.75-$8.90, with revenue projected at $11.5 billion, slightly below the $11.57 billion estimate. DRI shares dropped 1.7% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 15, 2023 | 1:47 pm

LRHC

La Rosa Holdings Corp (NASDAQ:LRHC) has acquired La Rosa Realty CW Properties, a franchisee in Longwood, Florida. CW Properties reported $3.4 million in revenue and positive net income for 2022. The franchisee offers real estate brokerage and agent support services. CEO Joe La Rosa aims to acquire 9 more franchisees in the next 6-8 months and reach a $100 million annual revenue run rate by the end of 2024. La Rosa Holdings Corp's shares rose 9.33% to $1.64 in premarket trading.

Portfolio Pulse from Vandana Singh

December 15, 2023 | 1:45 pm

NOC

Deutsche Bank analyst Scott Deuschle downgraded Northrop Grumman (NOC) from Buy to Hold and reduced the price target from $541 to $473.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:44 pm