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Thai Airways has placed an order for 45 Boeing 787 jets, with options that could increase the total to approximately 80 jets. This order was previously included in Boeing's order backlog as an undisclosed customer.

Portfolio Pulse from Charles Gross

February 08, 2024 | 10:10 am

HMC

Honda Motor Co (NYSE:HMC) reported a Q3 EPS of $0.35, up 6.67% from $0.33 YoY, with sales reaching $36.49B, a 16.07% increase from $31.43B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:01 am

ACLS

APPS

GPRO

NYXH

PYPL

RPD

SANA

ZIM

PayPal Holdings, Inc. (NASDAQ:PYPL) shares fell 8.3% in pre-market trading after reporting Q4 results with earnings in line with last year's, contrary to analyst expectations for higher earnings. Other stocks like Digital Turbine, Inc. (NASDAQ:APPS), Axcelis Technologies, Inc. (NASDAQ:ACLS), Rapid7, Inc. (NASDAQ:RPD), GoPro, Inc. (NASDAQ:GPRO), Nyxoah S.A. (NASDAQ:NYXH), ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), and Sana Biotechnology, Inc. (NASDAQ:SANA) also recorded losses in pre-market trading due to various reasons including financial results and public offering pricing.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 9:49 am

SFTBY

SoftBank Group Corp's backed Cohesity is set to acquire the data protection business of Veritas Technologies LLC, a subsidiary of Carlyle Group Inc, for $3 billion. This acquisition, expected to close by year-end, will create a combined entity valued at $7 billion with an estimated annual revenue of $1.6 billion. The deal aims to enhance Cohesity's growth margins and facilitate its expansion into international markets, leveraging AI-powered software for data security.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 9:34 am

SFTBY

SoftBank Group Corp (OTC:SFTBY) reported a significant turnaround with its Vision Fund posting a $4.35 billion gain in the December quarter of fiscal year 2023, marking its highest gains in nearly three years. This recovery follows a challenging period where the Vision Fund suffered a record loss of approximately $32 billion in the previous fiscal year. The gains were largely attributed to the resurgence in tech company valuations and a profitable sale of shares in Arm Holdings, a majority-owned chip designer by SoftBank.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 9:04 am

CMG

COP

HSY

SNAP

The CNN Money Fear and Greed index moved to the 'Extreme Greed' zone, indicating improved market sentiment. The S&P 500 approached the 5,000 mark, closing higher along with the Dow Jones and Nasdaq. Ford and Chipotle shares surged following strong quarterly results, while Snap shares plummeted. The U.S. trade deficit slightly widened. Sectors like information technology and consumer discretionary led gains, whereas consumer staples and real estate lagged. Earnings from Philip Morris, Hershey, Kellanova, and ConocoPhillips are anticipated.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 7:55 am

ARKK

COIN

ROKU

TSLA

ZOOM

Cathie Wood, founder of Ark Invest, suggests that stocks in the Ark Innovation ETF (ARKK) portfolio have significantly corrected and are poised for a rebound. Despite ARKK trading well below its 2021 peak, Wood believes that these stocks, which do not include the 'Magnificent Six', are showing earnings momentum and surprises on the upside. ARKK's top holdings include COIN, TSLA, ROKU, UI, SQ, and ZOOM, each with over 5% weighting in the ETF. ARKK ended a recent session up 1.01% at $47.1.

Portfolio Pulse from Shanthi Rexaline

February 08, 2024 | 7:54 am

KYTX

Kyverna Therapeutics, Inc. (KYTX), a clinical-stage biopharmaceutical company, has priced its upsized IPO of 14.5 million shares at $22 each, expecting gross proceeds of $319 million. The shares will start trading on the Nasdaq on February 8, 2024, with the offering expected to close by February 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:49 am

COP

DIS

PYPL

ConocoPhillips, Disney, Philip Morris International, PayPal Holdings, and Kellanova are stocks to watch due to their recent financial updates and market movements. ConocoPhillips and Kellanova are expected to report earnings, with ConocoPhillips already seeing a slight increase in after-hours trading. Disney announced better-than-expected earnings, a new share repurchase program, and a significant investment in Epic Games, leading to a surge in its stock price. Philip Morris is also anticipated to release earnings, showing a modest increase in after-hours trading. PayPal reported strong fourth-quarter results but projected full-year earnings for 2024 to match those of 2023, below analyst expectations, causing its stock to dip.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 7:48 am

PMNT

Perfect Moment Ltd. (NYSE:PMNT), a luxury lifestyle brand, announced the pricing of its initial public offering (IPO) of 1,334,000 shares at $6.00 per share, aiming to raise $8 million in gross proceeds. The company also granted underwriters a 45-day option to purchase up to an additional 200,100 shares to cover over-allotments.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:33 am