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AAL

American Airlines Group Inc (NASDAQ:AAL) exceeded Q4 2023 earnings expectations with a 75% drop in adjusted earnings to $0.29 per share, surpassing the $0.10 consensus. Revenue fell 1% to $13.06 billion, slightly above the $13.02 billion estimate. The company forecasts a Q1 2024 adjusted loss per share of ($0.15)-($0.35), compared to the consensus of $(0.17), and full-year 2024 earnings of $2.25-$3.25 per share, in line with expectations. Capacity is expected to increase 6.5%-8.5% Y/Y in Q1 and mid-single digits for the full year. Following the report, AAL shares dropped 1.1%. Analysts from TD Cowen, JP Morgan, Barclays, and Seaport Global adjusted their price targets and ratings, with upgrades from TD Cowen and Seaport Global.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 6:30 pm

CRK

Comstock Resources Inc. (NYSE:CRK) saw a 0.97% increase in its stock price to $8.30 in the current market session, despite a decrease of 11.81% over the past month and 33.52% over the past year. The P/E ratio of CRK is 3.67, significantly lower than the industry average of 14.26, which could indicate that the stock is undervalued or may have weaker growth prospects compared to its industry peers.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 6:30 pm

ARGX

Piper Sandler analyst Allison Bratzel has maintained an Overweight rating on argenx (NASDAQ:ARGX) and increased the price target from $518 to $522.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:29 pm

AAL

Barclays analyst Brandon Oglenski has maintained an Underweight rating on American Airlines Group (NASDAQ:AAL) but increased the price target from $13 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:24 pm

HUM

Humana Inc. (NYSE:HUM) reported a Q4 adjusted loss of $0.11 per share, missing consensus estimates. Revenue was $25.73 billion, above the consensus of $25.55 billion. The company provided FY24 EPS guidance significantly below consensus, leading to a reduction in price targets by Goldman Sachs, RBC Capital, UBS, and Stephens & Co. Despite this, Humana shares rose 2.5%.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 6:24 pm

ABT

Barclays analyst Matt Miksic has maintained an Overweight rating on Abbott Laboratories (NYSE:ABT) and increased the price target from $133 to $141, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:22 pm

AXP

DIA

INTC

QQQ

SMH

SPY

XLK

XLV

Stocks showed mixed performance despite mild inflation data, with the S&P 500 and Nasdaq 100 slightly down, while the Dow Jones edged higher. Personal spending growth outpaced expectations, raising concerns about the Fed's interest rate policy. Bitcoin rallied after hitting 1 million active addresses. Tech stocks and semiconductors fell, with Intel's weak forecast impacting the sector. American Express surged on a strong outlook, while other companies had varied reactions to earnings reports.

Portfolio Pulse from Piero Cingari

January 26, 2024 | 6:18 pm

BTSG

BrightSpring Health Services Inc. has launched its initial public offering (IPO) with shares opening at $12.00. The company, which may be referred to by its ticker symbol BTSG, is now publicly traded and investors can purchase shares at the opening price.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:17 pm

GM

General Motors (NYSE:GM) has seen a decrease in short interest, with the short percent of float falling 4.14% since the last report. The company has 110.71 million shares sold short, which is 8.11% of available shares for trading. The current short interest is lower than the peer group average of 10.24%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 6:15 pm

ILMN

Illumina's (NYSE:ILMN) short interest has increased by 8.97% since the last report, with 4.65 million shares sold short, representing 3.28% of available shares. It would take 2.1 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Illumina has less short interest compared to its peer group average of 5.65%.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 6:15 pm