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FUBO

FuboTV has provided a Q1 revenue outlook ranging between $371.6M and $383.6M, which falls below the estimated $397.7M.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:37 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has confirmed that customers affected by delivery delays will still be eligible for the full-self-driving (FSD) software transfer offer, despite changes in estimated delivery times. This clarification came after concerns were raised by new order holders due to extended wait times. The FSD software, priced at $12,000, can now be transferred to new Tesla vehicles for customers who ordered before the end of March, even if their delivery has been postponed.

Portfolio Pulse from Anan Ashraf

March 01, 2024 | 12:34 pm

FUBO

FuboTV reported Q4 sales of $410.18 million, surpassing the analyst consensus estimate of $397.66 million by 3.15% and marking a 28.46% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:31 pm

ZS

Zscaler's stock price declined following the announcement of its Q2 financial results. Additionally, Bernstein has maintained an Outperform rating on Zscaler but reduced its price target from $311 to $280.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:30 pm

ESTC

Elastic's shares dropped following the announcement of their Q3 financial results. Additionally, Barclays has maintained an Equal-Weight rating on Elastic but reduced its price target from $130 to $128.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:28 pm

BBWI

Bath & Body Works, Inc. (NYSE:BBWI) reported Q4 earnings above analyst expectations but provided a FY24 outlook below estimates, leading to a 5.4% drop in shares. The company announced a new $500 million share repurchase program. Analysts from Telsey Advisory Group and Evercore ISI Group raised their price targets on BBWI despite the disappointing outlook.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:18 pm

BTCUSD

Crypto analyst Ali Martinez reported that Bitcoin whales have sold over 80,000 BTC in the last three days, totaling approximately $4.8 billion. This sell-off has prompted a cautionary stance among investors and traders. The sell-off is notable against the backdrop of an optimistic forecast by Alex Thorn of Galaxy Digital, who predicted Bitcoin would reach new highs due to institutional investments. However, the whale sell-off and a drop in Bitcoin mining stocks have raised concerns about Bitcoin's price stability and its impact on the broader market.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 12:15 pm

BA

Boeing Company (NYSE:BA) has been awarded a $3.4 billion contract by the U.S. Navy to manufacture P-8A Poseidon aircraft for the Royal Canadian Air Force and the German Navy. The contract includes aircraft for Canada, with the first delivery expected in 2026, and additional aircraft for Germany, increasing their total to eight with the first delivery in 2025. This contract is expected to generate significant economic benefits, including over 3,000 jobs in Canada.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 12:14 pm

ORI

Old Republic International (ORI) has announced a new $1.10 billion share repurchase program and an increase in its quarterly cash dividend to 26.5 cents per share, payable on March 21, 2024. This represents an 8.2% increase from the previous year's dividend, with the annual dividend rising to $1.06 per share from $0.98.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:13 pm

HPE

Hewlett Packard Enterprise (HPE) reported mixed Q1 results with a 14% Y/Y revenue decline to $6.76 billion, missing consensus estimates. Adjusted EPS was 48 cents, above the 45 cents consensus. The company issued weak Q2 and FY24 guidance, with expected adjusted EPS and revenue below analyst estimates. Despite this, HPE shares rose 2.5% after the announcement. Barclays, Evercore ISI Group, and Wells Fargo adjusted their price targets and ratings on HPE following the results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:12 pm