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AEY

ARBB

ASTI

ASYS

CYN

GREE

MIGI

MMAT

MOVE

PBTS

PHUN

In Wednesday's pre-market session, several information technology stocks showed significant movement. Greenidge Generation Holdings (GREE), NextNav (NN), Ascent Solar Technologies (ASTI), Mawson Infrastructure Group (MIGI), Movano (MOVE), and ARB IOT Group (ARBB) experienced gains, while Phunware (PHUN), Meta Materials (MMAT), Addvantage Technologies (AEY), Cyngn (CYN), Amtech Systems (ASYS), and Powerbridge Technologies (PBTS) saw their stock prices fall.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 1:05 pm

FCX

Freeport-McMoRan (NYSE:FCX) reported Q4 adjusted EPS of $0.27, surpassing the $0.22 estimate, and sales of $5.91B, slightly above the $5.86B estimate. However, EPS decreased by 48.08% compared to last year, while sales saw a modest increase of 2.55%.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:04 pm

GOOGL

Alphabet Inc.'s subsidiary DeepMind Technologies is experiencing departures of top AI scientists forming their own startups, with one rumored to be raising $217 million. Google has also laid off over 1,000 employees, with more cuts expected. Despite these challenges and controversies over recent product launches, Alphabet's stock (NASDAQ:GOOGL) continues to perform well, riding the broader tech rally.

Portfolio Pulse from Caleb Naysmith

January 24, 2024 | 1:03 pm

APH

Amphenol Corporation (NYSE:APH) exceeded analyst expectations for Q4 with an adjusted EPS of $0.82, surpassing the $0.77 estimate, and reported sales of $3.33B, beating the $3.15B estimate. This reflects a 5.13% increase in earnings and a 2.73% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:02 pm

Nine analysts have provided diverse opinions on General Motors (NYSE:GM) over the last three months, with ratings ranging from bullish to indifferent. The average 12-month price target is $46.26, down from $48.00. Analysts from firms like Citigroup and Mizuho have raised their price targets, while others like Wedbush and Morgan Stanley have lowered theirs. General Motors regained its U.S. market share leader position in 2022 and has shown a positive revenue trend with a growth rate of 5.35% as of September 30, 2023. However, the company's debt-to-equity ratio is higher than the industry average, indicating potential financial risk.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 1:00 pm

SBT

Sterling Bancorp (NASDAQ:SBT) reported Q4 earnings per share (EPS) of $0.10, surpassing the consensus estimate of $0.03 by 233.33%. However, their quarterly sales of $15.32M fell short of the expected $16.37M, a 6.43% miss and an 18.39% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:58 pm

AAPL

Apple Inc. (AAPL) is set to release its Q1 earnings on Feb. 1, 2024, with expected earnings of $2.10 per share on revenue of $118.03 billion. The company is also dealing with a lawsuit in the U.K. over App Store charges and has launched iOS 17.3 with new features. Apple's current dividend yield is 0.49%, with a quarterly dividend of 24 cents per share. To earn $500 a month in dividends, an investor would need to own approximately 6,250 shares, valued at $1,219,875. The article also explains how dividend yield fluctuates with stock price and dividend payments. AAPL shares rose 0.7% to close at $195.18 on Tuesday.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:57 pm

ASML

NFLX

QQQ

SPY

TSLA

U.S. stock futures are up, with positive sentiment from Netflix and ASML earnings. Tesla's Q4 results are highly anticipated. Chinese central bank's stimulatory measure may boost U.S.-listed Chinese stocks. Mixed results in Tuesday's trading with Dow down, but Nasdaq and S&P 500 up. Wharton professor Jeremy Siegel suggests broader market participation in the rally, favoring big tech stocks. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Several companies, including Abbott Laboratories and IBM, are set to report earnings.

Portfolio Pulse from Shanthi Rexaline

January 24, 2024 | 12:41 pm

STNE

Banco Bradesco BBI S.A analyst Otavio Tanganelli has upgraded StoneCo (NASDAQ:STNE) from Underperform to Neutral and set a price target of $23.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:40 pm

UCBI

United Community Banks (NASDAQ:UCBI) reported Q4 adjusted EPS of $0.53, surpassing the consensus estimate of $0.52 by 1.92%. However, the company experienced a significant decrease in earnings compared to last year's $0.75 per share. Quarterly sales were $180.36M, falling short of the $226.07M estimate by 20.22% and marking a 25.85% decline from the previous year's $243.24M.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:36 pm