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APH

Amphenol Corporation (NYSE:APH) reported Q4 FY23 sales of $3.328 billion, a 3% increase YOY, surpassing the consensus of $3.150 billion. Adjusted EPS was $0.82, beating the consensus of $0.77. The adjusted operating margin improved slightly to 21.2%. The company ended the quarter with $1.66 billion in cash. Despite a slight YOY decrease in full-year sales, growth in certain markets and acquisitions offset declines in others. Amphenol forecasts Q1 sales of $3.04 to $3.10 billion, with adjusted EPS of $0.71 to $0.73, aligning with analyst expectations. APH shares rose 4.74% to $102.58.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 5:52 pm

TEL

TE Connectivity Ltd (NYSE:TEL) reported Q1 FY24 net sales of $3.83 billion, nearly flat Y/Y but slightly below consensus of $3.86 billion. Adjusted EPS was $1.84, beating the consensus of $1.71. Orders increased by 4% Y/Y to $3.8 billion across all segments. Transportation Solutions revenue grew by 5% Y/Y, while Industrial Solutions and Communications Solutions saw declines. The adjusted operating margin improved to 19.1%. The company generated $570 million in free cash flow and has $1.17 billion in cash. CEO Terrence Curtin highlighted growth in automotive connectivity and expects strong margins in FY24. TEL forecasts Q2 net sales of $3.95 billion and adjusted EPS of $1.82, with shares trading up 7.40% at $144.62.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 5:51 pm

AXS

CCG

EHTH

FANH

HCI

OXBR

PGR

RELI

SLQT

SPNT

TIPT

TIRX

In Wednesday's intraday session, insurance stocks saw movement with Oxbridge Re Holdings (OXBR), Tian Ruixiang Holdings (TIRX), Axis Capital Holdings (AXS), Cheche Group (CCG), Progressive (PGR), and SiriusPoint (SPNT) recording gains. On the other hand, eHealth (EHTH), Fanhua (FANH), Reliance Global Group (RELI), HCI Group (HCI), SelectQuote (SLQT), and Tiptree (TIPT) experienced declines. Notably, Progressive's Q4 earnings were released.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:40 pm

PGR

Progressive Corp (NYSE:PGR) shares surged after reporting strong Q4 financial results. Net premiums earned and written saw significant year-over-year increases, beating consensus estimates. The company also reported a substantial rise in net income and a lower combined ratio, indicating improved profitability. Adjusted EPS exceeded expectations. Progressive's policies in force grew, and it holds a substantial investment portfolio. The company's transition to the Gregorian calendar is expected to affect monthly results comparisons for a year.

Portfolio Pulse from Lekha Gupta

January 24, 2024 | 5:39 pm

AMZN

BABA

DKNG

FIVE

GCT

GENI

MELI

NKE

TSLA

Whale activity in the Consumer Discretionary sector indicates large volumes of options trading, with notable transactions in TSLA, AMZN, BABA, DKNG, M, GENI, NKE, MELI, FIVE, and GCT. The sentiment of these trades varies, with bearish and bullish positions taken on different stocks, and significant amounts of money involved in each transaction.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:35 pm

ABT

TNDM

Abbott Laboratories (ABT) reported Q4 sales of $10.24 billion, surpassing the $10.18 billion consensus despite a decline in COVID-19 testing demand. Adjusted earnings were $1.19 per share, in line with expectations. The Medical Devices segment, particularly Diabetes Care and Electrophysiology, showed significant growth. The FreeStyle Libre glucose monitoring device sales increased by 25.5% Y/Y. Abbott provided a 2024 earnings forecast of $4.50-$4.70 per share and expects 8%-10% organic sales growth, excluding COVID-19 testing sales. ABT shares fell 3.08% following the announcement. Additionally, Abbott's collaboration with Tandem Diabetes Care (TNDM) on the t:slim X2 insulin pump was highlighted.

Portfolio Pulse from Vandana Singh

January 24, 2024 | 5:34 pm

CCBG

Capital City Bank's stock (CCBG) is trading higher following an upgrade from Neutral to Buy by Janney Montgomery Scott.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 5:32 pm

QCRH

QCR Holdings, Inc. (QCRH) shares are trading higher following the release of their mixed Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 5:31 pm

CSSEN

GPAK

NFLX

VSME

During Wednesday's intraday session, several communication services stocks experienced significant movements. VS Media Holdings (VSME) saw a substantial increase of 100.3%, while Netflix (NFLX) also rose notably by 12.64% following their Q4 earnings release. On the downside, Gamer Pakistan (GPAK) and Chicken Soup for the Soul Entertainment, Inc. - 9.50% Notes due 2025 (CSSEN) were among the biggest losers, with declines of 17.7% and 13.14%, respectively.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:31 pm

ANVS

ENSC

IKT

KURA

TBIO

Health care stocks experienced significant movement in Wednesday's intraday session. Kura Oncology (KURA) led the gainers with a 48.1% rise, while Annovis Bio (ANVS) saw the largest drop among the losers, falling 19.2%. Other notable movers included Telesis Bio (TBIO), Ensysce Biosciences (ENSC), and Inhibikase Therapeutics (IKT) with substantial gains, and Sight Sciences (SGHT), Gyre Therapeutics (GYRE), and Curis (CRIS) with notable losses.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:31 pm