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DE

Deere & Company forecasts its net income attributable for fiscal year 2024 to be between $7.75 billion and $8.25 billion, as the company expects volumes to return to mid-cycle levels.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 11:08 am

MSFT

The article compares the performance of Microsoft Corporation (NASDAQ: MSFT) under the leadership of former CEO Steve Ballmer and current CEO Satya Nadella. It highlights that a $1000 investment in Microsoft at the start of Ballmer's tenure would have decreased in value, while the same investment at the start of Nadella's tenure would have grown tenfold. The article credits Nadella's success to his 'cloud-first, mobile-first' strategy and key acquisitions like LinkedIn and investments in OpenAI.

Portfolio Pulse from Ananya Gairola

November 22, 2023 | 11:07 am

BITW

GBTC

The SEC is considering applications for spot Bitcoin ETFs from major firms like BlackRock, Fidelity, and Franklin Templeton. Investors in Grayscale Bitcoin Trust (GBTC) and Bitwise 10 Crypto Index Units (BITW) have seen significant returns, with GBTC and BITW increasing by 245.81% and 215.51% respectively over the past year. Both stocks have shown a strong positive correlation in their price movements with a coefficient of determination of 0.914.

Portfolio Pulse from Mehab Qureshi

November 22, 2023 | 11:06 am

ADSK

BODY

DLO

GES

GOTU

HPQ

MOR

SPCE

SYM

DLocal Limited reported lower-than-expected Q3 earnings and sales, reaffirmed FY23 revenue guidance below estimates, and announced the CFO's departure, causing shares to drop 12.9% in pre-market. Other stocks experiencing pre-market losses include Guess?, The Beachbody Company, Gaotu Techedu, Virgin Galactic, Autodesk, MorphoSys, Symbotic, and HP Inc. Reasons for declines vary from disappointing financial results to company-specific news such as reverse stock splits and study results.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 11:05 am

DE

Deere & Company (NYSE:DE) reported Q4 earnings per share (EPS) of $8.26, an 11.02% increase from $7.44 last year. Quarterly sales were $15.41B, surpassing the $13.69B estimate but slightly down by 0.80% from $15.54B in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 11:05 am

JFIN

Jiayin Group (JFIN) reported a 29.69% increase in Q3 EPS to $0.83 from $0.64 YoY, and a 59.86% increase in sales to $200.98M from $125.72M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 11:03 am

SPCE

Morgan Stanley analyst Kristine Liwag has downgraded Virgin Galactic Holdings (SPCE) from Equal-Weight to Underweight and reduced the price target from $4 to $1.75.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:56 am

GDDY

RBC Capital analyst Brad Erickson upgraded GoDaddy (NYSE:GDDY) from Sector Perform to Outperform and increased the price target from $90 to $124, indicating a positive outlook on the company's performance.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:53 am

CLX

JP Morgan analyst Andrea Teixeira upgraded Clorox (NYSE:CLX) from Underweight to Neutral and increased the price target from $124 to $145.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:52 am

BZUN

Baozun Inc (NASDAQ: BZUN) reported Q3 FY23 revenue growth of 4.7% Y/Y to $249.95 million, slightly missing consensus estimates. The growth was primarily due to its new business line, BBM, launched in Q1 2023. Adjusted EPS showed a loss of $(0.18) per ADS, beating the consensus loss estimate of $(0.20). Product sales revenue increased by 42.4%, while services revenue declined by 10.3%. The company also plans to acquire a 51% equity stake in Hangzhou Location Information Technology Co. BZUN shares dropped by 0.61% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 22, 2023 | 10:51 am