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RMD

ResMed Inc. (RMD) shares have risen following the announcement of their Q2 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:27 pm

BX

Blackstone Inc (NYSE:BX) shares rose after reporting Q4 FY23 results. Despite missing revenue estimates with $2.54 billion against a $2.57 billion consensus, distributable earnings increased 4% Y/Y to $1.39 billion. Fee-related earnings varied across segments, with a decline in Private Equity. Net accrued performance revenue decreased from the prior year, but distributable EPS of $1.11 beat the $0.95 consensus. AUM grew 7% Y/Y to $1.04 trillion. Blackstone announced a dividend of $0.94/share and repurchased 0.4 million shares. The stock is up 3.04% premarket.

Portfolio Pulse from Lekha Gupta

January 25, 2024 | 2:27 pm

PFE

Pfizer Inc (NYSE:PFE) is expected to report a Q4 2023 EPS loss of $(0.22) and revenues of $14.25 billion. The company's FY24 revenue forecast includes contributions from the Seagen acquisition, with adjusted EPS guidance lower than consensus. Pfizer's obesity drug trial showed efficacy but had high dropout rates due to side effects. Additionally, a former Pfizer employee was convicted of securities fraud. PFE shares dropped 1.69% in premarket trading.

Portfolio Pulse from Vandana Singh

January 25, 2024 | 2:26 pm

COLB

Stephens & Co. analyst Andrew Terrell downgraded Columbia Banking System (NASDAQ:COLB) from Overweight to Equal-Weight and set a price target of $24.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:26 pm

BA

B of A Securities analyst Ronald Epstein has downgraded Boeing (NYSE:BA) from Buy to Neutral and reduced the price target from $255 to $225.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:24 pm

AAPL

AI

AMD

AMZN

INTC

NFLX

NVDA

PYPL

QQQ

TSLA

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of January 25, 2024. The stocks include TSLA, NVDA, AMD, AI, PYPL, NFLX, INTC, QQQ, AAPL, and AMZN.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:23 pm

TSLA

Goldman Sachs analyst Mark Delaney has maintained a Neutral rating on Tesla (NASDAQ:TSLA) but has reduced the price target from $255 to $220.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:22 pm

XRX

Xerox Holdings Corp (NASDAQ: XRX) reported a decline in fiscal Q4 2023 sales by 9.1% Y/Y to $1.77 billion, missing estimates of $1.79 billion. Adjusted EPS was $0.43, below the consensus of $0.52. Equipment sales and post-sale revenue also fell. Gross margin and adjusted operating income decreased, while the company maintained $519 million in cash and equivalents. CEO Steve Bandrowczak emphasized efforts to simplify the business and improve operating margins. Xerox's FY24 revenue outlook is below consensus, and shares dropped 6.02% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 2:22 pm

RIVN

Goldman Sachs analyst Mark Delaney has maintained a Neutral rating on Rivian Automotive (NASDAQ:RIVN) but has reduced the price target from $20 to $17.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:18 pm

FMNB

Keefe, Bruyette & Woods analyst Michael Perito has maintained a 'Market Perform' rating on Farmers National Banc (NASDAQ:FMNB) and increased the price target from $13 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:16 pm