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LUV

UAL

Southwest Airlines Co (NYSE:LUV) shares rose by 4% to $31.35, likely due to positive industry sentiment following United Airlines Holdings Inc's better-than-expected Q4 financial results. Additionally, Southwest Airlines pilots secured a new labor deal with a 50% pay increase over five years, after negotiations since September 2020. United Airlines reported earnings of $2 per share, above the $1.70 estimate, with quarterly sales of $13.60 billion, slightly above the $13.54 billion consensus.

Portfolio Pulse from Henry Khederian

January 23, 2024 | 4:11 pm

BMY

EXEL

PFE

Bristol Myers Squibb (BMY) and Exelixis Inc (EXEL) announced four-year follow-up results from the CheckMate -9ER trial, showing their combination treatment of Opdivo and Cabometyx outperformed Pfizer's (PFE) Sutent in treating advanced renal cell carcinoma. The combination treatment nearly doubled median progression-free survival and overall survival compared to Sutent, with significant improvements in response rates and duration of response across different risk groups. These results will be presented at the American Society of Clinical Oncology 2024 Genitourinary Cancers Symposium.

Portfolio Pulse from Vandana Singh

January 23, 2024 | 4:11 pm

ERIC

Ericsson's stock is trading higher following the announcement of its Q4 financial results and the guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:07 pm

BA

UAL

A United Airlines executive indicated during a conference call that the company anticipates a reduction in orders and deliveries from Boeing in 2025. The executive also mentioned that it is 'unrealistic' to expect 31 Boeing 737 MAX 9 aircraft deliveries within this year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:06 pm

PCAR

PACCAR Inc (NASDAQ:PCAR) shares rose after reporting Q4 FY23 sales of $8.59 billion, surpassing the $8.35 billion consensus. EPS was $2.70, beating the $2.22 estimate. The company delivered a record 204,200 vehicles globally in 2023 and saw U.S. and Canada Class 8 truck industry retail sales of 297,000 units. PACCAR invested in capital projects and R&D, and held $8.66 billion in cash and securities. The 2024 outlook for Class 8 truck sales is 260,000-300,000 units in the U.S. and Canada, and the same range for European above 16-tonne truck registrations. A quarterly dividend of $0.27 per share is declared, with a past extra dividend of $3.20 per share. PACCAR shares are up 2.72% at $99.73.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 4:03 pm

BA

Westjet has announced it will receive up to 62 additional Boeing 737 Max airplanes by the end of 2028, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:03 pm

XOM

UBS analyst Jon Rigby has maintained a Buy rating on Exxon Mobil (NYSE:XOM) but has reduced the price target from $133 to $132.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:03 pm

UNP

Over the past 15 years, Union Pacific (NYSE:UNP) has delivered an average annual return of 16.88%, outperforming the market. A $100 investment in UNP 15 years ago would be worth $1,079.06 today. Union Pacific currently has a market cap of $147.94 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 4:02 pm

WM

Over the past 10 years, Waste Management (NYSE:WM) has produced an average annual return of 16.18%, outperforming the market by 5.74% on an annualized basis. A $1000 investment in WM a decade ago would be worth $4,467.98 today. Waste Management currently has a market cap of $74.76 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 4:02 pm

ETD

Ethan Allen Interiors (NYSE:ETD) is expected to release its quarterly earnings report on January 24, 2024, with an estimated EPS of $0.76. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, ETD missed the EPS estimate by $0.09, resulting in a 9.31% share price drop the following day. Over the last 52 weeks, ETD shares have increased by 7.52%, trading at $29.88 as of January 22.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 4:02 pm