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FCNCA

First Citizens BancShares' stock (FCNCA) is trading higher following UBS's decision to maintain a Buy rating and increase the price target from $1,644 to $1,754.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:21 pm

VRTX

Vertex Pharmaceuticals (VRTX) reported results from its Phase 3 program of VX-548 for moderate-to-severe acute pain. Despite an initial drop, VRTX shares have rebounded following the announcement.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:17 pm

AMD

AMD's stock is trading lower following a downgrade by Raymond James from 'Strong Buy' to 'Outperform', despite an increase in the price target from $190 to $195.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:16 pm

DHI

ITB

LEN

PHM

Mortgage rates have risen to 6.69%, causing U.S. home loan applications to hit a 28-year low. Despite this, cash sales for homes have increased, with the national average share for cash sales rising to 38% in 2023. D.R. Horton reported higher sales and revenues but with reduced margins and earnings. The iShares U.S. Home Construction ETF, which includes D.R. Horton, Lennar, and Pulte Group among its top holdings, saw a 67% gain over the year.

Portfolio Pulse from Neil Dennis

January 30, 2024 | 8:15 pm

CMCSA

DIS

FOX

GOOG

GTN

NXST

PARA

ROKU

SSP

TGNA

Democratic super PAC Future Forward is set to spend a record $250 million on advertising to support President Joe Biden in the 2024 presidential election. The funds will be allocated to television and digital/streaming ads in seven key swing states. This spending is part of an anticipated $10.2 billion total ad spend for the 2024 election cycle. Companies that could benefit from this increased ad spending include national television companies like Paramount Global, Fox Corp, Comcast Corp, and Walt Disney Co, as well as local media station owners such as Gray Television Inc, NexStar Media Group Inc, Tegna Inc, and E.W. Scripps Company. Digital platforms like YouTube, Roku, Hulu, and Vevo are also expected to receive significant ad buys.

Portfolio Pulse from Chris Katje

January 30, 2024 | 8:05 pm

RGS

Regis (NYSE:RGS) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $-1.19. Investors are looking for a beat on this estimate and positive guidance for future growth. Historically, Regis's stock price has been sensitive to earnings performance and guidance. Last quarter, Regis beat the EPS estimate by $2.20, resulting in a 4.27% stock price increase the following day. However, over the past 52 weeks, RGS shares have declined by 58.98%, indicating potential concern among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:02 pm

DLHC

DLH Holdings Corp. (NASDAQ:DLHC) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $0.12. Investors are looking for an earnings beat and positive guidance for future growth. Historically, DLH Holdings has had mixed reactions to earnings reports, with share price movements varying post-announcement. The stock is currently trading at $15.93, up 28.85% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:02 pm

RDCM

Radcom (NASDAQ:RDCM) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $0.15. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Radcom's stock price has dropped following earnings beats, with a 2.56% decline after last quarter's results. Over the past year, Radcom's shares have decreased by 9.26%, indicating potential dissatisfaction among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:02 pm

NYCB

New York Community (NYSE:NYCB) is expected to release its quarterly earnings report on January 31, 2024, with analysts predicting an EPS of $0.28. Investors are looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows mixed results with both beats and misses, and varied stock price reactions. Shares are currently trading at $10.44, up 3.1% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:01 pm

CPF

Central Pacific Financial (NYSE:CPF) is expected to release its quarterly earnings report on Wednesday, 2024-01-31, with analysts predicting an EPS of $0.48. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, CPF's stock price has shown mixed reactions to earnings performance. The stock is currently trading at $19.82, down 15.36% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:01 pm