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AAPL

DIS

Bob Iger, CEO of The Walt Disney Co. (NYSE:DIS), once believed that a merger between Disney and Apple Inc. (NASDAQ:AAPL) would have been likely if Steve Jobs had not passed away. In his 2019 book, Iger expressed that Jobs's death prevented discussions about merging the two companies, despite their later competitive positions with the launch of Disney+ and Apple TV+. Iger's relationship with Jobs, including Disney's acquisition of Pixar, is highlighted as a foundation for this belief. Despite the speculation, Iger clarified he never discussed the merger idea with Jobs. The article also touches on Disney's recent proxy battle with Nelson Peltz, indicating Disney's leadership is confident in its current strategy without seeking major changes like a merger with Apple.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 10:49 am

GLD

SPY

USO

Global markets experienced declines with the U.S. stock markets ending lower due to cautious statements from Federal Reserve officials and anticipation for the U.S. jobs report. The S&P 500 sectors all saw declines, particularly in technology, while defense shares gained. Asian markets also fell, notably Japan's Nikkei 225. European markets and commodities like crude oil and gold saw mixed results. U.S. futures indicated a slight uptick in early trading.

Portfolio Pulse from Akanksha Bakshi

April 05, 2024 | 10:48 am

SHEL

Shell plc (NYSE:SHEL) updated its Q1 FY24 operational outlook, indicating lower LNG trading results but improved production and refinery utilization. Integrated Gas production is expected to be 960-1,000 thousand boe/d, with LNG liquefaction volumes at 7.2-7.6 MT. Upstream production guidance is narrowed to 1,820-1,920 thousand boe/d, with significant exploration write-offs in Albania. Marketing sales volume guidance is slightly reduced, while Chemicals & Products sees increased refinery and chemicals utilization. Q4 FY23 revenue was $78.73 billion, below consensus, but adjusted earnings per ADS exceeded expectations. SHEL shares rose 0.41% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 10:45 am

FOXA

Seaport Global analyst David Joyce upgrades Fox Corporation (NASDAQ:FOXA) from Neutral to Buy and sets a price target of $37.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:35 am

TDOC

Teladoc Health has reiterated its financial guidance for both the first quarter and the full year of 2024, indicating confidence in its business outlook.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:33 am

JNJ

SWAV

Johnson & Johnson has agreed to acquire Shockwave Medical for $335 per share in cash, which corresponds to an enterprise value of approximately $13.1 billion, including cash acquired. This strategic acquisition is expected to significantly enhance Johnson & Johnson's medical device portfolio.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:33 am

HUT

Hut 8 Corp. (HUT) announced strategic site closures and progress on new site energization, alongside an operations update for March 2024. The company closed its Drumheller site, relocating efficient miners to Medicine Hat and retiring inefficient ones. Significant progress was made on the Salt Creek site, expected to be energized in April. Hut 8 also transitioned site-level operating responsibilities at Kearney and Granbury to a new owner, with a termination fee expected by end of April. The company holds 9,102 Bitcoin, positioning it for growth ahead of the cryptocurrency halving.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:32 am

TDOC

Teladoc Health announced the immediate departure of CEO Jason Gorevic. CFO Mala Murthy has been appointed as the acting Chief Executive. This leadership change could signal a strategic shift or response to internal challenges within the company.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:32 am

AAPL

SSNLF

Samsung Electronics (OTC:SSNLF) forecasts a significant first-quarter operating profit increase, expecting a 931% jump from the previous year due to recovering chip prices. This contrasts with Apple Inc. (NASDAQ:AAPL), which anticipates its first revenue drop in a decade, attributed to declining iPhone sales and challenges in China. Despite positive guidance, Samsung shares fell by 1.3%, with investors awaiting further details on its high-end memory chip business. The rise in chip prices, driven by demand for AI applications, has boosted Samsung's shares by 34% over the past year.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 10:32 am

MCD

McDonald's Corporation (NYSE:MCD) is set to repurchase all its franchises in Israel from Alonyal Limited, amid ongoing Middle East tensions. This decision follows a period of challenges in the region, including a sales miss attributed to the Israel-Hamas conflict. The move aims to ensure a positive experience for employees and customers, with the transaction expected to close in the coming months.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 10:02 am