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LLY

Eli Lilly and Co (NYSE:LLY) projects a 20% revenue increase for 2024, driven by strong demand for its diabetes and obesity drugs, Mounjaro and Zepbound. The company's shares rose 5.8% in pre-market trading after announcing fourth-quarter earnings, with revenues from new products like Mounjaro and Zepbound contributing significantly to a total quarterly revenue of $9.35 billion, surpassing analysts' expectations. Lilly's 2024 revenue is estimated to be between $40.4 billion and $41.6 billion, up from $34.1 billion in 2023.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 2:15 pm

DOGEUSD

ETHUSD

SHIBUSD

Andrew Kang, co-founder of Mechanism Capital, announced an investment in Trump-related meme coins and NFTs, causing the $TRUMP token to surge 32%. Kang believes $TRUMP can rival Dogecoin and Shiba Inu due to Trump's ability to monopolize attention, especially with the upcoming U.S. primary elections and court cases. The Ethereum version, MAGA memecoin, is highlighted for its high market cap and community support. Risks include Trump disavowing the coin. $TRUMP's value has increased 100X since its launch, with a current market cap of $115 million.

Portfolio Pulse from Ivan Crnogatić

February 06, 2024 | 2:10 pm

CLSK

CleanSpark Inc. has announced the acquisition of three turnkey bitcoin mining facilities in Mississippi for $19.8 million, aiming to increase its operating hashrate to 2.4 EH/s. This expansion also includes the acquisition and development of a third site in Dalton, GA, which will contribute to reaching the same hashrate level.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:06 pm

ZFOXW

Trading for ZFOXW was halted and then resumed at 9:05 AM ET, with updates on quotation resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:05 pm

DELL

INTC

LNVGF

Lenovo's shares plummeted nearly 10% following a Newsweek article citing China Tech Threat's advice to ban Lenovo PCs in the U.S. due to espionage risks. This has raised concerns about Lenovo's future in its largest market, North America, which accounts for 36% of its revenue. Additionally, Intel's lower-than-expected revenue forecast has sparked fears of a PC demand slowdown, potentially impacting Lenovo. There's speculation that Dell, a major rival and financial backer of China Tech Threat, might be influencing these developments to harm Lenovo.

Portfolio Pulse from The Bamboo Works

February 06, 2024 | 2:03 pm

BG

Bunge (NYSE:BG) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $2.81. Investors are hopeful for a beat on this estimate and positive guidance for future growth. Historically, Bunge's stock price has shown mixed reactions to earnings reports, with a slight drop following last quarter's beat. Over the past year, BG shares have declined by 9.26%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:02 pm

HLT

Hilton Worldwide Holdings (NYSE:HLT) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $1.57. The company's past earnings performance shows mixed results with minor share price fluctuations following earnings announcements. Shares are currently trading at $193.67, reflecting a 31.5% increase over the last 52 weeks. Investors are keenly awaiting the report and guidance for future quarters.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:02 pm

NBIX

Neurocrine Biosciences (NASDAQ:NBIX) is anticipated to release its quarterly earnings report on February 7, 2024, with an expected EPS of $1.15. Historical data shows the company has previously surpassed EPS estimates, leading to slight share price movements. Shares have increased by 35.57% over the last year, indicating a positive outlook among long-term investors. The upcoming earnings report and guidance will be crucial for investor sentiment.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:02 pm

MCK

McKesson (NYSE:MCK) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $7.05. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares have risen 38.52% over the last 52 weeks, trading at $507.94 as of February 2. Investors are advised to pay attention to the earnings report and especially the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:02 pm

FOXA

Fox (NASDAQ:FOXA) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $0.11. The company's past earnings performance shows a mix of beats and misses, with the share price reacting accordingly. Shares are currently trading at $31.41, down 14.15% over the last year. Investors will be keenly watching for not just the earnings results but also the future guidance provided by the company.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:02 pm