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TSLA

Tesla Inc. (NASDAQ:TSLA) will halt production at its Berlin plant from Jan. 29 to Feb. 11, 2024, due to supply chain issues caused by attacks on the Red Sea shipping route. The proposed India-Middle East-Europe Economic Corridor (IMEC) could provide an alternative shipping route, potentially benefiting Tesla's long-term strategy. The corridor would connect India's western coast to Israel and Europe, offering a reliable shipping route for Tesla's batteries from China. Additionally, the discovery of lithium reserves in India could influence EV manufacturing and Tesla's interest in setting up a manufacturing plant in India.

Portfolio Pulse from Shankar Iyer

January 30, 2024 | 6:30 pm

WWD

Woodward, Inc. (NASDAQ:WWD) exceeded Q1 earnings and revenue expectations, reporting $1.45 EPS and $787 million in sales against estimates of $1.10 EPS and $748.29 million in sales. Following the results, Woodward raised its full-year guidance, citing strong sales growth, margin expansion, and robust demand in Aerospace and Industrial sectors. Despite the positive report, Woodward shares dropped by 0.6%. UBS and Truist Securities adjusted their price targets on Woodward, with UBS maintaining a Buy rating and Truist maintaining a Hold rating.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 6:25 pm

GM

Wedbush analyst Dan Ives maintained an Overweight rating on General Motors Co. (GM) following their Q4 financial results, which surpassed expectations with $43 billion in revenue and $1.24 EPS. GM's guidance for 2024 adjusted earnings is also above estimates, indicating a focus on profitability. Despite the EV sector's uncertainties, GM plans to launch six new EV models in 2024 and expects to be EV variable margin positive in 2H24. GM shares rose 7.56% to $38.07.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 6:17 pm

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) exceeded analyst expectations with its Q2 earnings report, posting earnings of $5.59 per share against a consensus of $4.93 and sales of $3.67 billion versus an expected $3.06 billion. The company also raised its FY2024 revenue guidance from $10-11 billion to $14.3-14.7 billion. Following the report, SMCI shares rose 1.9% to $505.14. Analysts from Susquehanna, Northland Capital Markets, Wedbush, and Rosenblatt adjusted their price targets, with varying ratings from Negative to Buy.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 6:17 pm

RMD

Oppenheimer analyst Suraj Kalia has maintained an Outperform rating on ResMed (NYSE:RMD) and increased the price target from $185 to $205.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:17 pm

MA

V

Mastercard Inc (NYSE:MA) is set to report Q4 earnings on Jan. 31 with expectations of $3.08 EPS and $6.48 billion in revenues. The stock has reached all-time highs, up 20% over the past year, slightly behind Visa Inc's (NASDAQ:V) 21.20% gain. Visa recently exceeded Q1 earnings expectations but saw a 2.5% stock decline post-announcement due to weaker-than-expected payment volumes. Analysts will focus on Mastercard's margin profile and positioning against Visa. Mastercard has a stable A+ credit rating and a history of dividend growth, but faces challenges in 2024 with potentially limited stock upside. Analyst consensus rates MA as a Buy with a target of $417.44, while recent estimates range from $462 to $510.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 6:09 pm

GS

Oppenheimer analyst Chris Kotowski has maintained an Outperform rating on Goldman Sachs Group (NYSE:GS) and increased the price target from $491 to $506.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:05 pm

MTG

MGIC Investment (NYSE:MTG) is expected to release its quarterly earnings report on January 31, 2024, with analysts predicting an EPS of $0.57. Investors are looking for an earnings beat and positive guidance for future growth. Historically, MGIC has had mixed results in beating EPS estimates, with share price reactions varying from a 4.44% increase to a 1.3% decrease. Over the past year, MTG shares have risen 42.13%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 6:02 pm

VSTO

Vista Outdoor (NYSE:VSTO) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $0.81. Investors are looking for an earnings beat and positive guidance for future growth. The company's stock performance has been negative over the last year, with shares down 5.69%. Previous earnings performance shows mixed results with both beats and misses, with varying impacts on the stock price.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 6:01 pm

EXTR

Extreme Networks (NASDAQ:EXTR) is expected to report Q4 earnings with an EPS of $0.25. Investors are looking for an earnings beat and positive guidance for the next quarter. Despite beating EPS estimates in the past four quarters, the stock price has not consistently risen post-earnings. Shares are currently at $17.07, down 9.63% over the last year. Long-term shareholders may be bearish, but the upcoming earnings report could influence stock sentiment.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 6:01 pm