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ANVS

DWAC

EVAX

GETR

NFLX

SPRC

U.S. stocks opened higher with the Dow Jones gaining over 100 points. Netflix, Inc. (NASDAQ:NFLX) reported Q4 sales that exceeded expectations, with revenue of $8.83 billion and 13.12 million new subscribers, despite missing EPS estimates. Getaround, Inc. (NYSE:GETR) surged 155% after announcing a debt facility with Mudrick Capital. Evaxion Biotech (NASDAQ:EVAX) rose 72% due to Merck's 11.4% stake. SciSparc Ltd. (NASDAQ:SPRC) gained 45% after revealing a $20 million equity purchase agreement. Digital World Acquisition Corp. (NASDAQ:DWAC) fell 14% amid its merger with Trump Media. Annovis Bio, Inc. (NASDAQ:ANVS) dropped 15% after postponing Phase III study data. DuPont de Nemours, Inc. (NYSE:DD) declined 12% after preliminary results and guidance. Oil and gold prices increased, while Asian markets closed mostly higher.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 2:43 pm

AAPL

SPOT

Spotify Technology SA (NYSE:SPOT) plans to allow European users to make in-app purchases directly, circumventing Apple Inc.'s (NASDAQ:AAPL) 30% App Store fee. This change, set for March, aligns with the new European competition law, the Digital Markets Act (DMA), which mandates equal treatment for all apps. Spotify has been in a legal dispute with Apple over the fee structure, which it claims forced them to increase subscription prices. Apple is challenging the EU's decision and is facing a $1 billion lawsuit from app developers.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 2:42 pm

MDGL

Piper Sandler analyst Yasmeen Rahimi has maintained an Overweight rating on Madrigal Pharmaceuticals (NASDAQ:MDGL) and increased the price target from $305 to $336.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:42 pm

AAL

ATKR

MDU

TWI

UAL

Benzinga Insights identifies value stocks in the industrials sector with low P/E ratios, suggesting potential undervaluation. American Airlines (AAL), MDU Resources (MDU), United Airlines (UAL), Titan Intl (TWI), and Atkore (ATKR) are highlighted. AAL and UAL saw decreases in EPS, while MDU maintained its EPS. TWI and ATKR also experienced EPS declines. Dividend yields have increased for AAL, MDU, and TWI. Investing in value stocks carries the risk that they may not rebound.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 2:41 pm

CORZZ

Trading for the new issue CORZZ was halted and then resumed at 9:40 AM ET.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:40 pm

CORZW

Trading for the ticker CORZW was halted at 4:00:00 a.m. ET and resumed with the availability of a new issue.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:40 pm

BMO Capital analyst John McNulty has downgraded DuPont de Nemours (NYSE:DD) from Outperform to Market Perform and reduced the price target from $80 to $72.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:39 pm

TEL

TE Connectivity's stock is trading higher following the release of their mixed Q1 financial results and the issuance of future guidance. The company's performance and outlook seem to have positively influenced investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:38 pm

BEPC

OPAL

SPH

TAC

Benzinga Insights identifies five value stocks in the utilities sector based on low P/E ratios and recent financial performance. Hawaiian Electric Indus (HE) reported increased EPS and a slight dividend yield rise. TransAlta (TAC) showed a significant EPS increase but a slight dividend yield decrease. OPAL Fuels (OPAL) improved its EPS. Brookfield Renewable (BEPC) reported a negative EPS and an increased dividend yield. Suburban Propane Partners (SPH) had a decrease in EPS and dividend yield.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 2:38 pm

AMZN

GOOGL