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TSLA

VWAGY

Analyst Gordon Johnson from GLJ Research criticized Tesla Inc (NASDAQ:TSLA) following their earnings report, calling the Optimus humanoid robot a 'fake' and questioning Elon Musk's ability to deliver on promises. Johnson highlighted weaker demand for EVs, Tesla's reduced growth forecast from 50% to 37%, and concerns over profitability due to falling margins, increased tax rates, and price cuts. He also mentioned that traditional carmakers like Ford (NYSE:F), General Motors (NYSE:GM), and Volkswagen (OTC:VWAGY) are scaling back EV investments due to lack of profitability.

Portfolio Pulse from Neil Dennis

January 25, 2024 | 5:50 pm

LUV

During a conference call, Southwest Airlines' CFO expressed uncertainty regarding the certification of the Max 7 aircraft. This statement may impact investor sentiment as the Max 7 is crucial for the airline's fleet modernization plans.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:48 pm

PYPL

PayPal Holdings, Inc. (NASDAQ:PYPL) announced six new innovations aimed at revolutionizing commerce through AI-driven personalization for merchants and consumers. These include a new PayPal checkout experience, Fastlane by PayPal for faster guest checkout, Smart Receipts with AI-personalized recommendations, an advanced offers platform for merchants, a reinvented PayPal consumer app with cash back offers, and enhanced Venmo business profiles for small businesses. These innovations are expected to speed up transactions, increase merchant sales, and provide more value to consumers. PayPal's global scale and AI capabilities are leveraged to deliver these new services, with rollouts starting in the United States throughout 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:47 pm

IBM

IBM's Q4 results exceeded expectations, driving its stock price up by 10.86% to $192.82. Analysts from BMO Capital Markets, Stifel, RBC Capital Markets, and BofA Securities provided insights, with some raising their price targets due to strong free cash flow guidance and revenue growth. However, concerns were noted about software weakness. IBM's guidance suggests an acceleration in FY24 compared to FY23.

Portfolio Pulse from Priya Nigam

January 25, 2024 | 5:44 pm

VIRT

Virtu Financial, Inc. (NASDAQ:VIRT) reported Q4 earnings with adjusted net trading income and EPS below analyst estimates, leading to an 11.35% drop in stock price. Adjusted net trading income fell 4.8% YoY, and adjusted EBITDA decreased by 20.7%. The company declared a quarterly dividend of $0.24 per share.

Portfolio Pulse from Nabaparna Bhattacharya

January 25, 2024 | 5:43 pm

ABL

CCG

EHTH

FANH

ITIC

KINS

KMPR

MRAI

ORI

RELI

RLI

WRB

In Thursday's intraday session, insurance stocks saw significant movement. Kemper (KMPR) and WR Berkley (WRB) were among the gainers, with stocks rising 7.0% and 6.69% respectively. Fanhua (FANH), Kingstone Companies (KINS), Abacus Life (ABL), and Reliance Global Group (RELI) also saw gains. On the losing side, Marpai (MRAI) and Investors Title (ITIC) experienced significant drops of 16.39% and 10.38%, respectively. Old Republic Intl (ORI), RLI, Cheche Group (CCG), and eHealth (EHTH) also saw their stock prices decline. Notably, WR Berkley, Old Republic Intl, and RLI had recent Q4 earnings releases.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 5:40 pm

SCHW

Over the past 20 years, Charles Schwab (NYSE:SCHW) has produced an average annual return of 8.58%, outperforming the market by 1.04% on an annualized basis. A $100 investment in SCHW 20 years ago would be worth $507.76 today. The company's current market capitalization stands at $115.90 billion.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 5:36 pm

ABNB

AMZN

CZR

LEN

PDD

PLBY

TJX

TOL

TSLA

Benzinga's options activity scanner has detected notable whale activity in the Consumer Discretionary sector, involving large transactions in options for several companies. The activity includes both bullish and bearish sentiments across various expiration dates and strike prices. Notable companies with options activity include Tesla (TSLA), Playboy Group (PLBY), Caesars Entertainment (CZR), Lennar Corporation (LEN), Airbnb (ABNB), JD.com (JD), Toll Brothers (TOL), Pinduoduo (PDD), TJX Companies (TJX), and Amazon (AMZN). The details of the options trades, such as the type of option (put or call), sentiment, expiration date, strike price, total trade price, open interest, and volume, are provided for each company.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 5:35 pm

CVBF

CVB Financial Corp. reported its Q4 financial results, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:34 pm

NEP

NextEra Energy Partners (NEP) shares are trading higher following the release of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:32 pm