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Stock Prices

ADM

DWAC

GILD

RVSN

SGMT

VIRI

U.S. stocks saw gains with the Dow Jones rising over 100 points. Industrials shares led the gains, while utilities fell. Archer-Daniels-Midland Company (ADM) shares plunged after placing its CFO on leave and revising its FY23 EPS outlook downwards. Sagimet Biosciences (SGMT) and Rail Vision (RVSN) surged on positive developments. Digital World Acquisition Corp. (DWAC) rose after Trump's endorsement by Florida Gov. Ron DeSantis. Virios Therapeutics (VIRI) and Gilead Sciences (GILD) fell on negative clinical and study results.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 7:19 pm

SEDG

SolarEdge Technologies, Inc. has announced a reduction in its workforce, which has led to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:19 pm

M

Macy's stock is up following the company's decision to turn down a takeover offer from Arkhouse Management.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:17 pm

W

Truist Securities analyst Youssef Squali has maintained a Buy rating on Wayfair (NYSE:W) and increased the price target from $67 to $70.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:14 pm

LUV

UAL

United Airlines Holdings Inc (UAL) and Southwest Airlines Co (LUV) are set to report their Q4 earnings on Jan. 22 and Jan. 25, respectively. Both airlines have operational and financial differences, with United serving a global market with diverse fleet and Southwest focusing on domestic flights with a streamlined fleet. United has a market cap of $12.8 billion and Southwest $17.9 billion. United's net income on a TTM basis is $2.86 billion with $52.49 billion in revenue, while Southwest's is $497 million with $25.44 billion in revenue. United's covered ratio is 3.05, higher than Southwest's 1.34. Analyst consensus estimates suggest United could offer a 60.33% upside, while Southwest may see an 8.8% downside.

Portfolio Pulse from Surbhi Jain

January 22, 2024 | 7:13 pm

UDMY

Truist Securities analyst Terry Tillman has reaffirmed a Buy rating on Udemy (NASDAQ:UDMY) and increased the price target from $13 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:10 pm

NVO

The European Medicines Agency (EMA) is considering the expanded use of Novo Nordisk's weight loss drug, Wegovy, to also reduce the risk of stroke and heart attacks. This follows positive results from the SELECT trial, which showed a 20% reduction in major adverse cardiovascular events (MACE) with Wegovy compared to placebo. Novo Nordisk's CEO highlighted the drug's efficacy at the JPMorgan Healthcare conference. NVO shares were down 1.12% at $105.76 in the last check.

Portfolio Pulse from Vandana Singh

January 22, 2024 | 7:07 pm

AMZN

Benchmark analyst Daniel L. Kurnos maintains a Buy rating on Amazon (NASDAQ:AMZN) and raises the price target from $170 to $175, anticipating a strong fourth quarter for fiscal 2023. Kurnos highlights the potential of Prime Video Ads and expects steady growth in AWS, projecting revenue and EPS slightly below consensus. Amazon's retail segment is expected to show healthy margin expansion and share gains, with AWS potentially benefiting from generative AI cloud costs.

Portfolio Pulse from Anusuya Lahiri

January 22, 2024 | 7:04 pm

PAGS

Goldman Sachs analyst Tito Labarta upgraded PagSeguro Digital Ltd (NYSE:PAGS) to Neutral from Sell and increased the price target to $13.8 from $7.40. Labarta forecasts low double-digit TPV growth throughout 2024, improved revenue growth quarter-over-quarter, and a stabilization of net margin due to declining interest rates. The analyst expects higher loan book and deposit base growth, but with caution on unsecured credit. Despite concerns over declining take rates due to lower interest rates and competition, the outlook for Brazil's Payment Technology sector is slightly more favorable. Labarta predicts Q4 FY23 recurring earnings of R$487 million and TPV of R$104.8 billion, both exceeding consensus. PAGS shares rose 0.95% to $12.72.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 7:03 pm

LINKUSD

Chainlink's (CRYPTO: LINK) price has decreased by 3.87% over the past 24 hours to $14.95, following a weekly downward trend of -3.0%. The volatility of Chainlink's price is depicted through Bollinger Bands in the provided chart. Trading volume has decreased by 13.0% over the past week, while the circulating supply has decreased by 0.84% to 568.10 million, approximately 56.81% of the maximum supply. Chainlink's current market cap is $8.43 billion, ranking it 14th.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 7:03 pm