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NWL

Newell Brands Inc. (NWL) is set to release its Q4 earnings on Feb. 9, 2024, with analysts predicting an EPS of 17 cents, up from last year's 16 cents, and revenue of $1.98 billion, down from $2.29 billion. The company announced a 7% reduction in office roles as part of an organizational realignment. Shares rose 6.7% to $8.45. Analysts from Barclays, JP Morgan, Morgan Stanley, and Raymond James have updated their ratings and price targets for NWL.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 8:11 am

TIP

Economist Peter Schiff warns of a significant risk to the stock market's record run, citing a 'false belief' about the victory over inflation. He points to a potential breakdown in long-term Treasuries and a breakout in oil prices as indicators. The yield on the 10-year Treasury note has seen fluctuations, and crude oil prices are rising. Schiff questions the claims of diminishing inflationary pressure and suggests that the Federal Reserve may need to maintain a hawkish stance, posing risks to the economy and the stock market. The iShares TIPS Bond ETF (TIP) saw a slight decrease in its latest session.

Portfolio Pulse from Shanthi Rexaline

February 09, 2024 | 8:06 am

AAPL

German customs officials have been confiscating Apple Inc.'s Vision Pro headsets due to import tax issues, causing fines and potential year-long waits for travelers. The device, only available in the U.S., has seen a high demand with its resale price reaching $5,000 overseas. This situation highlights the complexities of international import duties and could impact global sales and buyer decisions.

Portfolio Pulse from Ananya Gairola

February 09, 2024 | 8:04 am

HSY

Cocoa prices have doubled in the past year, reaching a record high of $5,600 a metric ton due to extreme weather conditions in West Africa, impacting production. This surge is expected to increase chocolate prices, affecting manufacturers like Hershey Co (HSY), which has already warned of potential earnings growth impediment in 2024 due to historic cocoa prices. Hershey's recent earnings report showed stable Q4 earnings amid slow sales growth and rising cocoa costs.

Portfolio Pulse from Benzinga Neuro

February 09, 2024 | 7:54 am

MGA

PAA

PEP

PINS

TTWO

U.S. stock futures are trading lower with focus on PepsiCo, Take-Two Interactive, Plains All American Pipeline, Pinterest, and Magna International ahead of Friday's trading. PepsiCo is expected to report earnings of $1.72 per share on $28.40 billion revenue. Take-Two's Q3 net bookings fell 3% YOY, and it lowered its 2024 forecast. Plains All American is anticipated to earn 37 cents per share on $12.65 billion revenue. Pinterest reported strong Q4 earnings but missed sales estimates, expecting Q1 revenue below estimates. Magna International is expected to report earnings of $1.48 per share on $10.46 billion revenue.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 7:45 am

ARM

DIS

MGA

NWL

PAA

PEP

Investor sentiment improved as the S&P 500 briefly surpassed 5,000, marking a record. The Walt Disney Company and Arm Holdings plc saw significant stock jumps due to strong earnings reports. U.S. economic data showed a decrease in jobless claims and an increase in wholesale inventories. The Dow Jones, S&P 500, and Nasdaq all closed higher. Earnings results from Magna International, Plains All American Pipeline, and PepsiCo are anticipated.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 7:38 am

OPTT

Ocean Power Technologies (OPTT) has postponed its annual meeting for the third time until February 28, 2024, due to a lack of quorum. Paragon, led by Chairman and CEO Sham Gad, criticizes OPTT for its poor financial results and board actions, suggesting a disconnect with shareholders. Paragon is also investigating the legality of the meeting's adjournment under SEC rules.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:00 am

META

Mark Zuckerberg has been selling Meta Platforms, Inc. (NASDAQ:META) shares at a rapid pace following its significant stock rally due to excellent Q4 financial results and positive Q1 guidance. Since November 2023, Zuckerberg has sold nearly $744 million worth of shares. Meta's stock has surged 32.78% YTD and 164.16% over the past year, benefiting from a focus on efficiency, AI, and a rebound in ad spending. The company also announced its first quarterly dividend and expanded its share repurchase program.

Portfolio Pulse from Ananya Gairola

February 09, 2024 | 6:56 am

CHCT

Community Healthcare Trust Incorporated (CHCT) has increased its quarterly dividend by 0.5% to $0.4575 per share, payable on March 1, 2024, to shareholders of record as of February 20, 2024. This increase continues CHCT's trend of raising its dividend every quarter since its IPO.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 6:43 am

TSLA

Tech analyst Dan Ives has called on Tesla Inc.'s board to secure Elon Musk's leadership through 2030 with a new compensation package, emphasizing the importance of Musk's role in AI and Full Self-Driving. This comes amid a tense climate following a court decision to nullify Musk's $56 billion stock compensation plan, prompting calls for corporate governance changes at Tesla.

Portfolio Pulse from Benzinga Neuro

February 09, 2024 | 6:28 am