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META

Citi analyst Ronald Josey maintains a Buy rating on Meta Platforms Inc (NASDAQ:META) with a $440 price target, citing strong growth in ads and AI innovations. Josey predicts Q4 ad load expansion and notes newer ad products are in higher demand. He expects Meta's Q4 earnings to surpass consensus estimates with projected revenue of $39.45 billion and EPS of $4.83. Meta's stock rose 170% last year, and CEO Mark Zuckerberg sold $428 million worth of stock in the last two months of 2023.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 6:50 pm

BEKE

KE Holdings Inc (NYSE:BEKE) stock rose by 4.7% to $13.97 amid news of China considering a 2 trillion yuan ($278 billion) stock market rescue package. The fund aims to stabilize the market by buying shares through the Hong Kong exchange link, countering the effects of foreign investors' withdrawal.

Portfolio Pulse from Henry Khederian

January 23, 2024 | 6:45 pm

NUE

Nucor Inc. (NYSE:NUE) has seen a 0.62% increase in its share price to $171.49 in the current market session. Despite a 3.40% decrease over the past month, the stock has risen by 9.91% over the past year. Nucor's P/E ratio of 8.62 is lower than the Metals & Mining industry average of 15.03, which could suggest that the stock is undervalued or expected to perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:45 pm

ORCL

Over the past 5 years, Oracle (NYSE:ORCL) has delivered an average annual return of 17.68%, outperforming the market by 4.78% on an annualized basis. A $1000 investment in ORCL 5 years ago would be worth $2,244.18 today. Oracle's market capitalization currently stands at $303.45 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:38 pm

DAL

LUV

UAL

Airline stocks are trading higher following United's report of better-than-expected Q4 results, indicating a positive market reaction to the airline industry's financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:36 pm

TEVA

Teva Pharmaceutical Industries' stock (TEVA) has seen an increase in its trading price following an upgrade from 'Hold' to 'Buy' by Jefferies, which also raised its price target for the stock from $10 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:24 pm

DWAC

SPY

Former President Donald Trump visited a polling place on the day of the New Hampshire primary. The article suggests potential implications for Digital World Acquisition Corp. (DWAC) and the broader market, as represented by the SPDR S&P 500 ETF Trust (SPY), due to Trump's influence on political and market sentiment.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:23 pm

GE

BofA Securities analyst Andrew Obin is optimistic about General Electric Company's (NYSE:GE) future, citing potential upside from the upcoming Vernova spin-off and growth in the Aerospace sector. GE's Q4 FY23 earnings surpassed expectations with adjusted revenue of $18.5 billion and adjusted EPS of $1.03. The company forecasts Q1 adjusted EPS of $0.60 to $0.65 and expects FY24 revenue of $34 billion-$35 billion for GE Vernova and low double-digit growth for GE Aerospace. Obin maintains a Buy rating on GE with a $135 price target.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 6:22 pm

JNJ

Johnson & Johnson (NYSE:JNJ) has reached a tentative settlement of approximately $700 million with 42 U.S. states and Washington, D.C., over allegations of misleading information about the safety of its talc products. This settlement does not include over 52,000 personal-injury lawsuits still pending. The company has faced setbacks in bankruptcy proceedings aimed at mass settlements, with a rejected $8.9 billion payout plan. JNJ shares dropped 1.43% to $160.15 following the news.

Portfolio Pulse from Vandana Singh

January 23, 2024 | 6:18 pm

WMT

Options trading activity for Walmart (NYSE:WMT) indicates a bullish sentiment among investors, with 56% of the trades being bullish and 43% bearish. The trading volume and open interest suggest that the market expects Walmart's stock to trade between $135.0 and $170.0. The largest options trades include bullish calls with expiration dates in 2024 and bearish puts expiring in 2024. Walmart is a leading retailer in the US, operating over 4,700 stores and generating over $420 billion in domestic sales. The stock price is slightly down with a current price of $162.22, and the RSI indicators suggest it may be approaching overbought territory. Walmart's next earnings report is expected in 28 days.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:16 pm