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ASTS

GOOG

GOOGL

PPG

SLB

STT

TRV

Investors are watching several stocks as U.S. futures trade mixed. Travelers Companies (TRV) is expected to report earnings of $5.07/share on $9.99 billion revenue. PPG Industries (PPG) reported better-than-expected Q4 earnings and provided EPS guidance for Q1 and FY24. Schlumberger (SLB) is anticipated to post earnings of 84 cents/share on $8.96 billion revenue. AST SpaceMobile (ASTS) announced a $100 million stock offering and strategic investment from AT&T (T), Alphabet (GOOG, GOOGL), and Vodafone, causing its shares to dip. State Street (STT) is expected to report earnings of $1.83/share on $2.95 billion revenue.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 7:51 am

HBAN

Huntington Bancshares Incorporated (NASDAQ:HBAN) is anticipated to report lower Q4 earnings with an expected EPS of 27 cents, down from 42 cents in the previous year. Revenue is also projected to decrease to $1.77 billion from $1.97 billion. The company announced the retirement of its Chief Technology and Operations Officer, Paul Heller. Analysts from Raymond James, RBC Capital, Morgan Stanley, JP Morgan, and Citigroup have provided various ratings and price targets for HBAN stock.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 7:12 am

EWU

U.K. retail sales for December 2022 saw a significant decline of 2.4%, which was below the estimated 1.1% increase. This figure also represents a downturn from the prior month's revised 0.2% growth.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:11 am

JVSAU

JVSPAC Acquisition Corp., a blank check company, has priced its IPO at $10 per unit, offering 5 million units. Each unit includes one Class A ordinary share and one right, with each right converting to one-fourth of a Class A share upon a business combination.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:03 am

BOWN

Bowen Acquisition has entered into a merger agreement with Shenzhen Qianzhi Biotech Company. The agreement involves Bowen Acquisition's subsidiary, Bowen Merger Sub, merging with Qianzhi Group Holding, the parent of Qianzhi BioTech. The resulting entity will be a wholly-owned subsidiary of Bowen Acquisition. NewCo Shareholders will receive over 7.2 million ordinary shares of BOWN and up to an additional 1.4 million shares upon meeting certain earnout targets.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 6:43 am

ATXG

FTFT

Network 1 Financial Securities Inc., known for underwriting volatile IPOs in 2022, is planning to return to the U.S. exchanges by underwriting for Epsium Enterprise Ltd. and BRB Foods Inc. The firm previously led IPOs with significant first-day surges but has seen most of those stocks drop substantially since. Network 1 has faced regulatory scrutiny in the past, and while not named in a recent SEC lawsuit against an alleged indirect owner, the firm's history may influence investor perception.

Portfolio Pulse from Benzinga Neuro

January 19, 2024 | 6:10 am

ARKK

JPM

Cathie Wood, CEO of ARK Invest, countered JPMorgan Chase CEO Jamie Dimon's negative remarks on Bitcoin, highlighting its robust hash rate and the significant computer network backing it. Despite Dimon's comparison of Bitcoin to a 'pet rock', Wood emphasized the strength of Bitcoin's technology and its market performance, with a surge of over 100% in the past year. Wood also disclosed that Bitcoin comprises at least 25% of her personal net worth, excluding her stakes in Ark and real estate.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 6:06 am

AAPL

AMZN

Economist Steve Hanke predicts a recession and a stock market downturn, with inflation falling below 2% by the end of 2024. He believes the stock market is overvalued and will decline as the recession impacts, with the S&P 500 index currently trading near an all-time high. Hanke attributes unstable inflation to changes in the U.S. money supply. Despite a majority of top investors expecting a 'soft landing' for the U.S. economy, Hanke's view contrasts with this optimism, suggesting caution in the market.

Portfolio Pulse from Benzinga Neuro

January 19, 2024 | 5:40 am

BITO

GBTC

Jim Cramer, host of CNBC's 'Mad Money', commented on the recent decline in Bitcoin's value following the launch of several Bitcoin ETFs. He described the situation as a 'nasty beginning to the bitcoin selloff' and expressed skepticism about the market's response to the ETFs, suggesting that the anticipated demand did not materialize. Cramer also referenced trader Larry Williams' view that the crypto market is far from reaching its bottom. Bitcoin's price dropped to around $41,000, which is the lowest since the Bitcoin spot ETFs debuted.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 5:23 am

Ford Motor Co (NYSE: F) has announced the 2024 Mustang Mach-E GT with a new Bronze appearance package and an Eruption Green paint option. The package includes 20-inch bronze-painted wheels, a bronze-outlined GT badge, and a bronze front mesh grille. The vehicle can be upgraded for improved performance, promising the fastest 0-60 time for a Mach-E model. Orders for the new model will open later this winter, starting at $60,990. Ford's Mustang Mach-E sales increased by 3.3% in the U.S. last year, but the model no longer qualifies for the federal EV tax credit as of January 1.

Portfolio Pulse from Anan Ashraf

January 19, 2024 | 4:47 am