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CCBG

Capital City Bank Group (NASDAQ:CCBG) reported Q4 earnings with an EPS of $0.7, missing estimates by 4.11% against the expected $0.73. Revenue decreased by $2.75 million compared to the same period last year. The company's share price dropped 2.11% the day after missing EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 1:45 pm

PHVS

JMP Securities analyst Jonathan Wolleben has maintained a Market Outperform rating on Pharvaris (NASDAQ:PHVS) and increased the price target from $40 to $49.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:42 pm

NFLX

TKO

TKO Group shares are up following the announcement of a long-term partnership with Netflix, which will include bringing WWE's Raw to the streaming platform.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:41 pm

WAVD

WaveDancer, Inc. (NASDAQ:WAVD) has filed a Registration Statement on Form S-4 with the SEC, containing a preliminary proxy statement for its merger with Firefly Neuroscience, Inc. The merger, announced on November 16, 2023, is aimed at enhancing AI-driven neurological outcomes and is expected to close in Q2 2024, pending stockholder approval and other customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:39 pm

LMT

RTX

Lockheed Martin Corp (LMT) and Raytheon Technologies Corporation (RTX) both reported strong Q4 earnings, beating consensus estimates. Lockheed Martin's shares are trading higher with an 8.82% earnings surprise and a 5.03% revenue surprise. Raytheon's shares are also up after a 3.20% EPS surprise and 0.48% revenue surprise. Lockheed Martin has a higher backlog and better net income margin compared to Raytheon. Lockheed also has a more stable dividend yield history. Analyst consensus suggests a higher potential upside for Lockheed. Both companies' valuations are close, but Lockheed's trailing earnings multiple is more favorable, while Raytheon has a slight edge in forward valuations.

Portfolio Pulse from Surbhi Jain

January 23, 2024 | 1:38 pm

RSTN

RDE, Inc. (OTCQB:RSTN), owner of Restaurant.com and CardCash.com, has applied to uplist its common shares to the Nasdaq Capital Market. The move follows a transformational year, including the acquisition of CardCash.com, which enhances cross-selling opportunities and gift card options. The uplisting aims to increase corporate visibility and shareholder value, but approval from Nasdaq and meeting listing criteria are pending with no guarantee of success.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:38 pm

GATX

GATX Corporation has projected its FY24 earnings per diluted share to be between $7.30 and $7.70, surpassing the consensus estimate of $7. The company attributes this optimistic forecast to disciplined investments made over the past years and its commitment to generating attractive risk-adjusted returns for shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:37 pm

BABA

ENSC

RUM

Rumble (RUM) announced the public launch of Rumble Studio, leading to a 19% stock increase. Ensysce Biosciences (ENSC) revealed that the FDA granted Breakthrough Therapy Designation for PF614-MPAR, causing a 59% surge in its stock. Bloomberg reported that China is considering a $278B stock market rescue package, which resulted in a 7% rise in Alibaba's (BABA) shares.

Portfolio Pulse from ryanfaloona@benzinga.com

January 23, 2024 | 1:37 pm

SBET

SharpLink Gaming Ltd. (SBET) sold its fantasy sports and sports game development units to RSports Interactive for $22.5 million in cash. The sale allows SharpLink to repay $14.9 million in debt, redeem a senior convertible debenture for $4.5 million, and become free of interest-bearing debt. The transaction is expected to reduce operating expenses, improve cash flow, strengthen the balance sheet, and help SharpLink regain Nasdaq compliance. COO Chris Nicholas resigned following the sale. The deal focuses SharpLink on performance marketing for sports betting and iGaming.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:35 pm

GATX

GATX Corporation reported Q4 earnings of $1.74 per share, surpassing the consensus estimate of $1.58, and marking a 12.99% increase from the previous year. Sales reached $368.70M, exceeding estimates by 0.90% and showing a 14.25% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:33 pm