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PARA

WBD

Byron Allen's Allen Media Group has offered to acquire Paramount Global (NASDAQ:PARA) for $14.3 billion, translating to $28.58 per voting share and $21.53 per nonvoting share. Including debt, the total offer is approximately $30 billion. Paramount has also attracted interest from Skydance Media and Warner Bros. Discovery, Inc. (NASDAQ:WBD). Paramount Global's stock is trading higher, with shares up 8.78% at $14.88. The 200-day moving average for PARA is $14.95, which is below the current price, indicating a bullish trend according to some investors.

Portfolio Pulse from Erica Kollmann

January 31, 2024 | 3:58 pm

GM

General Motors Co (NYSE:GM) reported Q4 earnings that surpassed expectations, with an EPS beat of 6.90% and revenue beat of 10.92%. The stock experienced a Golden Cross, a bullish technical indicator. Despite a slight decline in Q4 EV sales, GM expects a positive turn in EV profitability in H2 2024 and plans to launch six new EV models. Analysts have set a price target of $40-$44, with Wedbush analyst Daniel Ives giving an Outperform rating and a $40 price target.

Portfolio Pulse from Surbhi Jain

January 31, 2024 | 3:57 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) reported Q4 adjusted sales of $594.25 million, surpassing estimates, and adjusted earnings of 2 cents per share, improving from last year's loss. The company saw significant growth in members, products, and deposits. However, SoFi's Q1 revenue forecast is below estimates, and analysts have mixed views, with Goldman Sachs maintaining a Neutral rating and raising the target to $8, while Morgan Stanley downgraded the stock to Underweight with a target of $6.50. Shares rose over 20% on Monday but faced selling pressure subsequently.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 3:56 pm

BA

During a conference call, Boeing's CFO reaffirmed that demand remains unchanged, indicating a strong and growing backlog for the company's products.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:55 pm

ROP

Roper Technologies Inc (NASDAQ:ROP) reported Q4 FY23 results with a 13% Y/Y revenue increase to $1.61 billion, surpassing estimates. Gross profit and operating income also rose, while adjusted EBITDA increased by 11%. Adjusted EPS of $4.37 beat estimates, and operating cash flow improved significantly. Despite these positive results, ROP shares fell after the company provided FY24 guidance with expected revenue growth and adjusted EPS below analyst expectations. Additionally, Roper announced the acquisition of Procare Solutions last week.

Portfolio Pulse from Lekha Gupta

January 31, 2024 | 3:51 pm

ITCI

RBC Capital analyst Brian Abrahams has reiterated an Outperform rating on Intra-Cellular Therapies (NASDAQ:ITCI) and maintained a price target of $86. This reaffirmation of the stock's potential could influence investor sentiment and the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:50 pm

RCL

Susquehanna analyst Christopher Stathoulopoulos has maintained a Positive rating on Royal Caribbean Group (NYSE:RCL) and increased the price target from $120 to $150.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:50 pm

BA

Boeing's CFO announced during a conference call that the company will prioritize the 737 supply master schedule to prevent disruptions. As of the end of 2023, Boeing had approximately 200 Max planes in inventory and anticipates delivering most of them by 2024.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:49 pm

MARK

MSFT

Remark Holdings Inc (MARK) shares dropped after an initial surge due to a partnership with Microsoft (MSFT). The partnership involves Remark's AI business unit consuming $80 million of Microsoft Azure cloud services over five years. Microsoft will provide Remark with $2 million in Azure credits and about $700,000 in consulting and migration credits. Remark's CEO clarified that the deal's revenue projections could exceed $240 million, which would cover the cloud services consumption agreement. Despite the partnership, MARK shares fell by 40.9% to 73 cents after the details were released.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 3:47 pm

COIN

Benzinga's options scanner revealed unusual options activity for Coinbase Global (NASDAQ:COIN), with a mix of bearish and bullish sentiment among big-money investors. Nine notable options trades were detected, with 2 puts totaling $166,341 and 7 calls totaling $289,672. The price target range based on volume and open interest is between $70 and $160. COIN's current market status shows a slight price decline with neutral RSI, and earnings are expected in 15 days. Analysts have mixed opinions, with price targets ranging from $60 to $180.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 3:45 pm