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POWL

Powell Industries' stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:15 pm

TEVA

Teva Pharmaceutical Industries Ltd (NYSE:TEVA) reported Q4 2023 sales of $4.46 billion, surpassing the consensus of $3.99 billion, driven by an upfront payment for a collaboration, product sales, and higher generic product revenues internationally. Adjusted EPS was $1.00, beating the $0.76 consensus. The company plans to divest its API business by the first half of 2025 and forecasts FY 2024 revenues of $15.7-$16.3 billion with adjusted EPS of $2.20-$2.50. TEVA shares rose 2.43% to $12.02.

Portfolio Pulse from Vandana Singh

January 31, 2024 | 3:14 pm

MHO

M/I Homes, Inc. (MHO) shares dropped following the announcement of Q4 financial results that did not meet market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:14 pm

AMD

GOOGL

The ADP National Employment Report for January 2024 shows a slowdown in U.S. private sector job growth, with only 107,000 jobs added compared to December's 158,000. Wage growth also decelerated, with job stayers seeing a 5.2% increase and job changers a 7.2% increase, the smallest since May 2021. The services sector added 77,000 jobs, while goods-producing sectors added 30,000. Medium-sized businesses led with 61,000 jobs added. Stocks traded lower due to poor earnings from Alphabet Inc. (GOOGL) and Advanced Micro Devices Inc. (AMD). Investors await the FOMC meeting for monetary policy clues.

Portfolio Pulse from Piero Cingari

January 31, 2024 | 3:14 pm

GPI

Group 1 Automotive's stock is trading lower following the release of mixed Q4 financial results, indicating that the company's performance did not fully meet market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:11 pm

SPOT

Wells Fargo analyst Steven Cahall has maintained an Overweight rating on Spotify Technology (NYSE:SPOT) and increased the price target from $250 to $280.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:10 pm

ZGN

Ermenegildo Zegna's stock (ZGN) is trading higher following the release of their positive Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:09 pm

PLUG

Plug Power's stock (PLUG) is trading higher following an upgrade from Roth MKM, changing its rating from Neutral to Buy and increasing the price target from $4.5 to $9.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:08 pm

ASH

Ashland's stock is trading higher following the release of their mixed Q1 financial results and the issuance of future guidance. The company's performance and outlook seem to have positively influenced investor sentiment, leading to an uptick in the stock price.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:07 pm

GM

Wells Fargo analyst Colin Langan has maintained an Underweight rating on General Motors (NYSE:GM) but increased the price target from $27 to $28.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:05 pm