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TSLA

Daiwa Capital analyst Jairam Nathan downgrades Tesla (TSLA) from Outperform to Neutral and sets a new price target of $195.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:46 am

AMKR

CHGG

FMC

NYXH

PLUG

RMBS

SYM

TSLA

UBS

Symbotic Inc. reported mixed Q1 financial results with a slight earnings beat but missed sales estimates, leading to a 20.2% drop in pre-market trading. Other stocks like FMC Corporation, Rambus Inc., Chegg, Inc., Nyxoah S.A., Plug Power Inc., Amkor Technology, Inc., UBS Group AG, and Tesla, Inc. also saw declines in pre-market trading due to various reasons including poor quarterly results, weak guidance, and previous day losses.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 10:42 am

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares are relatively stable in premarket trading after a nearly 8% drop yesterday. The company is recalling around 6,000 VF 5 cars in Vietnam due to a combination switch replacement. This follows a previous recall of the VF 8 City Edition. Despite these issues, VinFast's deliveries surged by 35% in the last quarter of 2023. The company fell short of its 2023 delivery target, achieving nearly 35,000 units against a goal of 40,000.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 10:28 am

PLTR

Jefferies analyst Brent Thill upgraded Palantir Technologies (PLTR) from Underperform to Hold and increased the price target from $13 to $22.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:27 am

CHKP

Check Point Software (NASDAQ:CHKP) reported Q4 earnings with an EPS of $2.57, beating estimates by 3.63% against an expected $2.48. Revenue increased by $25M from the previous year. The company has a history of surpassing EPS estimates, as seen in the past four quarters, which has positively impacted its share price.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 10:25 am

TM

Toyota Motor Corp's shares are on the rise following the announcement of its third-quarter results, which exceeded expectations. Additionally, the company has increased its fiscal 2024 guidance, signaling stronger future performance.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:23 am

CHGG

Piper Sandler analyst Arvind Ramnani downgraded Chegg (NYSE:CHGG) from Neutral to Underweight and reduced the price target from $9 to $8.5, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:19 am

TM

Toyota Motor reported a significant decrease in Q3 EPS to $0.68 from $3.78 YoY, despite an increase in sales to $81.51B from $69.09B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:09 am

AAPL

GOOGL

YouTube has confirmed the development of a Vision Pro app for Apple's Vision Pro VR headset, despite initially refusing to allow its iPad app to run on the device. This decision comes after the popularity of the Juno app for YouTube on the Vision Pro. The launch date and features of the app remain unclear, and there's no mention of a dedicated visionOS YouTube app. Meanwhile, Netflix and Spotify have decided not to launch their apps on the Vision Pro, directing users to access content via a web browser instead. Apple's Vision Pro headset has seen significant sales, with first-weekend numbers more than double the expectations.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 10:07 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) reported Q4 earnings with profits in line and revenue exceeding expectations, leading to a surge in after-hours trading. CEO Alex Karp's remarks during the earnings call were notably praised by CNBC's Jim Cramer. Palantir's focus on AI, particularly its AIP platform, has been highlighted as a key driver for its growth and potential S&P 500 Index inclusion. Despite positive sentiment, some concerns over valuation persist.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 10:05 am