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AZN

LLY

NVO

PFE

Eli Lilly (LLY) and Novo Nordisk (NVO) are expected to impress investors with their Q4 earnings, driven by the success of their diabetes treatments, which are also popular for weight loss. Eli Lilly is anticipated to report a 32.1% increase in EPS and a 21.4% rise in revenue. Novo Nordisk already beat earnings and revenue estimates. Despite potential competition from Pfizer (PFE) and AstraZeneca (AZN), the market for weight-loss drugs is expected to grow, with Goldman Sachs predicting a $100 billion market by 2030.

Portfolio Pulse from Neil Dennis

January 31, 2024 | 1:49 pm

MBUU

Malibu Boats, Inc. (NASDAQ:MBUU) reported Q2 earnings of $0.57 per share, surpassing estimates of $0.47, but missed revenue expectations with $211.07 million against the forecasted $219.70 million. CEO Jack Springer cited weak retail demand and elevated inventory levels due to seasonality and interest rate pressures. The company is adjusting production to match demand. Post-results, MBUU shares dropped 18.6%. Analysts at Keybanc and Raymond James lowered their price targets for MBUU, maintaining Overweight and Outperform ratings respectively.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 1:45 pm

GNPX

Genprex, Inc. has announced a 1-for-40 reverse stock split that will take effect on February 2, 2024. This corporate action is typically used by companies to boost the share price by reducing the number of shares outstanding, which may help to meet minimum bid price requirements of stock exchanges.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:45 pm

PSX

Phillips 66 stock is up following the release of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:44 pm

NVO

Novo Nordisk's stock is trading higher following the release of their Q4 financial results, which surpassed expectations. The company also provided future guidance that likely contributed to the positive investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:43 pm

GSK

GSK shares are trading higher following the release of their mixed Q4 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:40 pm

HNI

RGP

SWK

The article discusses three high-yielding dividend stocks in the industrials sector recommended by Wall Street's most accurate analysts. HNI Corporation (HNI) has a dividend yield of 3.03% and received a Buy rating with a price target increase from Benchmark analyst Reuben Garner. Stanley Black & Decker, Inc. (SWK) has a dividend yield of 3.40% but was downgraded to Underweight by JP Morgan analyst Michael Rehaut. Resources Connection, Inc. (RGP) offers a dividend yield of 4.14% and maintained an Underweight rating from JP Morgan analyst Andrew Steinerman. All companies have recent news affecting their performance, with HNI and RGP reporting better-than-expected earnings, while SWK reported a sales decline.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 1:39 pm

NVO

Novo Nordisk A/S (NYSE:NVO) reported Q4 2023 sales of $9.5 billion, exceeding consensus estimates and showing a 37% increase in Danish kroner and 43% at CER year-over-year. The growth was driven by Diabetes and Obesity care, with GLP-1 diabetes sales up 62% and Obesity care sales up 114% at CER. Wegovy sales rose 293% Y/Y, while insulin and rare disease sales declined. The company has begun increasing US supply of lower dose Wegovy and plans a gradual international rollout. Novo Nordisk forecasts 18%-26% sales growth and 21%-29% operating profit growth for 2024. NVO shares rose 1.48% in premarket trading.

Portfolio Pulse from Vandana Singh

January 31, 2024 | 1:39 pm

AMSC

ENSC

PARA

Ensysce Biosciences (ENSC) reported the completion of a successful end-of-Phase 2 meeting with the FDA for its analgesic PF614, with Phase 3 enrollment starting mid-2024. Allen Media Group offered $14.3 billion to acquire Paramount Global (PARA), as reported by the Wall Street Journal. AMSC shares dropped after announcing a proposed public offering of common stock.

Portfolio Pulse from ryanfaloona@benzinga.com

January 31, 2024 | 1:36 pm

LNG

Cheniere Energy, Inc. has announced its uplisting to the New York Stock Exchange (NYSE). This move is expected to provide the company with greater visibility in the market, potentially increasing liquidity and attracting a broader investor base. The uplisting to a more prestigious exchange is often seen as a positive step for companies looking to enhance their reputation and improve access to capital markets.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:35 pm