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SPOT

DZ Bank analyst Markus Leistner upgrades Spotify Technology (NYSE:SPOT) from Sell to Hold and sets a new price target of $240.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:48 am

NIO

NIO Inc. (NYSE:NIO) shares dropped over 2% in premarket trading after a 12% gain in the previous session. The decline follows the resignation of director James Gordon Mitchell and the appointment of Eddy Georges Skaf and Nicholas Paul Collins as new directors. NIO reported a 18.2% year-over-year increase in vehicle deliveries for January 2024, with a total of 10,055 vehicles delivered. The company also announced strategic partnerships with JAC Group and Chery Automobile for battery swapping.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 10:39 am

TENX

Tenax Therapeutics, Inc. (NASDAQ:TENX) shares surged over 10% in premarket trading following a 31% gain in the previous session. The increase comes after the company announced that U.S. regulators have allowed its patent application for heart failure therapy, levosimendan, covering various formulations and combinations. The patent, once granted, will extend IP protection through December 2040, bolstering Tenax's rights to develop and commercialize levosimendan in North America.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 10:33 am

CTSH

NYCB

PLUS

SNAP

VFC

Snap Inc. reported mixed Q4 results with a revenue miss and a weak Q1 revenue forecast, leading to a 31.3% drop in pre-market trading. Other stocks like fuboTV, Diversified Energy, New York Community Bancorp, Cognizant, KKR Real Estate Finance Trust, Nyxoah, V.F. Corporation, ePlus, Weibo, and Pinterest also saw pre-market declines due to various factors including earnings reports and credit downgrades.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 10:13 am

DIS

MCK

PLTR

SPOT

UBER

WTW

YUM

The CNN Money Fear and Greed index indicated a slight improvement in market sentiment, remaining in the 'Greed' zone. U.S. stocks closed higher, with significant gains from Palantir Technologies and Spotify Technology following their earnings reports. Willis Towers Watson also reported strong earnings. The Dow Jones, S&P 500, and Nasdaq Composite all closed higher. Investors are looking forward to earnings from Yum! Brands, The Walt Disney Company, Uber Technologies, and McKesson Corporation.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 9:54 am

CMG

DIS

UBER

YUM

Ahead of Wednesday's trading, notable stocks include Uber with expected earnings of 17 cents per share, Chipotle's strong Q4 results and $200 million share repurchase, Disney's anticipated earnings of 99 cents per share, Ford's better-than-expected Q4 results with a positive full-year EBIT outlook, and Yum! Brands' expected earnings of $1.40 per share. Uber, Chipotle, and Yum! Brands shares rose in after-hours trading, while Disney's fell.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 9:52 am

TTE

TotalEnergies (NYSE:TTE) reported Q4 adjusted EPS of $2.16, missing the $2.24 estimate, a 27.27% decrease from last year. Sales were $59.24B, beating the $47.50B estimate but down 13.63% from last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:48 am

BUD

Former President Donald Trump has urged conservatives to reconsider their stance on Anheuser-Busch (NYSE:BUD), following a controversial ad featuring transgender influencer Dylan Mulvaney that led to a significant market value drop for the company. Trump highlighted that Anheuser-Busch is not a 'woke' company and deserves a 'second chance.' This comes as Anheuser-Busch aims to regain consumer trust, highlighted by its return to the Super Bowl with a new advertisement and renewing its partnership with UFC as the 'Official Global Beer Partner.'

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 9:27 am

TSLA

Billionaire investor Leon Cooperman commented on Tesla CEO Elon Musk's compensation, calling him a genius but overcompensated following the Delaware Chancery Court's rescinding of Musk's 2018 compensation plan. Cooperman, whose hedge fund does not hold Tesla stock, criticized excessive executive compensation in general. Meanwhile, Ark Invest's Cathie Wood defended Musk's pay, and investor Gary Black suggested the dispute could lead to Musk gaining more control in Tesla. Tesla's stock rose 2.23% to $185.10.

Portfolio Pulse from Shanthi Rexaline

February 07, 2024 | 9:22 am

UBER

Wheely, a luxury ride-hailing service, is launching in Dubai to target affluent clients with a fleet of electric cars, including BMW 5 Series and plans for the BMW i5 electric variant. This move challenges Uber's market presence through its owned company Careem. Wheely's focus on wealthy clients and sustainable transportation aligns with Dubai's push for clean energy vehicles.

Portfolio Pulse from kaustubh@benzinga.com

February 07, 2024 | 9:19 am