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GOOG

GOOGL

MSFT

Google, part of Alphabet Inc (GOOG, GOOGL), is reducing its ad sales workforce, emphasizing AI and automation. This follows job cuts in various Google units and is in line with tech industry trends towards efficiency and competitiveness. Amazon (AMZN) and Microsoft (MSFT) have also made similar moves. Google's ad sales unit restructuring may lead to reassignments and job cuts. In January, Alphabet planned to cut 12,000 jobs. GOOG shares fell by 1.89% recently.

Portfolio Pulse from Anusuya Lahiri

January 17, 2024 | 2:52 pm

META

Since David Tepper's Appaloosa Management first invested in Meta Platforms Inc (NASDAQ:META) in Q1 2016, the stock has risen about 232%, with a current trading price around $365. Tepper increased his investment in September 2023, with META now comprising 8% of his portfolio. Over the past year, META stock is up 172%. Analysts remain bullish, with recent price target increases from Mizuho, BMO Capital, and Wedbush, citing AI advancements and profitability as key drivers.

Portfolio Pulse from Surbhi Jain

January 17, 2024 | 2:51 pm

NFLX

B of A Securities analyst Jessica Reif Ehrlich has maintained a Buy rating on Netflix (NASDAQ:NFLX) and increased the price target from $525 to $585, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:51 pm

SCHW

Charles Schwab Corporation (NYSE:SCHW) reported a decline in Q4 2023 earnings with adjusted net income falling 36% to $1.367 billion and adjusted EPS dropping to $0.68, albeit beating consensus estimates. Revenue decreased by 19% to $4.46 billion, slightly missing expectations. Despite a decrease in deposits and net interest revenue, Schwab saw strong asset growth, attracting $306 billion in new assets and ending the year with $8.52 trillion in client assets. The company also added new retail households and advisors, as well as new brokerage accounts. SCHW shares fell 7% in early morning trading following the earnings release.

Portfolio Pulse from Vandana Singh

January 17, 2024 | 2:49 pm

NFLX

Traders are circulating a research firm note indicating that Netflix's net additions in the U.S. and Western Europe are exceeding seasonal norms in Q4 and early Q1, suggesting strong subscriber growth in these regions.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:47 pm

ETW

Eaton Vance Tax-managed Global (NYSE:ETW) will go ex-dividend on Monday, with the last chance for investors to receive the next dividend payout being Friday. The company will pay a monthly dividend of 5.82 cents per share, which will be reflected in the stock trading lower by that amount on the ex-dividend date. Shareholders as of Friday's close are eligible for the dividend, to be paid on January 31, 2024.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:46 pm

BGH

Barings Global Short (NYSE:BGH) will go ex-dividend on Monday, with shareholders as of Friday's close eligible for a monthly dividend of 10.56 cents per share. The stock is expected to open lower by the dividend amount on Monday. Dividends will be paid on February 01, 2024, and investors can reinvest or use the payment as they wish.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:45 pm

GLAD

Gladstone Capital Corporation (NASDAQ:GLAD) has announced that shareholders as of Friday's session will be eligible for a monthly dividend payout of 8.25 cents per share. The ex-dividend date is Monday, and the stock is expected to open 8.25 cents lower to reflect the dividend payout. The dividend will be paid on January 31, 2024.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:45 pm

LAND

Gladstone Land (NASDAQ:LAND) has announced a monthly dividend of 4.65 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid out on January 31, 2024. The stock is expected to open 4.65 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:45 pm

GOOD

Gladstone Commercial (NASDAQ:GOOD) will go ex-dividend on Monday, with shareholders as of Friday's close eligible for a monthly dividend of 10 cents per share, payable on January 31, 2024. The stock is expected to open 10 cents lower on Monday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:45 pm