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Ahead of Tuesday's trading, TD SYNNEX, BuzzFeed, McCormick, AppTech Payments, and GameStop are stocks to watch due to earnings reports and a public offering announcement. TD SYNNEX and GameStop are anticipated to report positive earnings, while BuzzFeed reported disappointing Q4 results. McCormick is also expected to release its earnings, and AppTech Payments announced a public offering.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 8:44 am

BA

EADSY

Jeffrey Sonnenfeld criticized Boeing CEO Dave Calhoun's handling of the company's crises, suggesting Calhoun should have no role in choosing his successor. Boeing faces scrutiny after safety failures, leading to Calhoun's resignation announcement. Airbus CEO expressed concerns over the negative impact of Boeing's issues on the aerospace industry.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 8:43 am

NDAQ

Goldman Sachs analyst Alexander Blostein upgrades Nasdaq (NDAQ) from Neutral to Buy and sets a $73 price target.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:42 am

TSLA

Tesla, Inc. is set to offer a one-month free trial of its Full-Self Driving (FSD) software in Canada, matching the US offer, once regulatory and technical issues are resolved. This move is part of Tesla's strategy to explore high-margin recurring revenue streams amid challenges in the core auto business. The announcement was made by a senior Tesla executive in response to a user's query on social media, highlighting Tesla's increased engagement on such platforms to improve communication and transparency.

Portfolio Pulse from Shanthi Rexaline

March 26, 2024 | 8:32 am

AAPL

Tim Cook's recent visit to China signifies Apple Inc.'s commitment to the region amidst declining sales and increasing regulatory pressures, including a DOJ lawsuit. The opening of Apple's largest store in Shanghai and meetings with key suppliers underscore the company's strategy to strengthen its presence in China despite geopolitical tensions and attempts to diversify its supply chain. Analysts view this move as crucial for Apple's future in China, where iPhone sales have dropped significantly.

Portfolio Pulse from Rounak Jain

March 26, 2024 | 8:10 am

DOYU

DouYu International Holdings reported a decline in both revenue and user metrics for Q4 2023 compared to the same period in 2022. Total net revenues decreased to $182.5 million from $236.7 million, gross profit fell to $17.8 million from $26.2 million, and the company shifted from a net income of $5.9 million to a net loss of $8.8 million. Additionally, average mobile MAUs dropped to 51.7 million from 57.4 million, and average paying users decreased to 3.7 million from 5.6 million.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:05 am

ESLT

Elbit Systems (NASDAQ:ESLT) reported Q4 adjusted earnings of $1.56 per share, surpassing the $1.38 estimate, a 13.04% beat. Year-over-year, earnings decreased by 7.14% from $1.68. Q4 sales reached $1.63 billion, exceeding the $1.52 billion estimate by 6.91%, and marking a 7.90% increase from the previous year's $1.51 billion.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:04 am

DOYU

DouYu Intl Hldgs (DOYU) reported Q4 sales of $182.53M, surpassing the $170.91M estimate by 6.80%, but marking a 25.11% decrease from the previous year's $243.73M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:02 am

GS

Goldman Sachs forecasts a 15% increase in the S&P 500 by the end of 2024, driven by the performance of mega-cap tech stocks and the AI boom. The bank's chief equity strategist, David Kostin, predicts the index could reach 6,000, citing that tech stocks are not in a bubble and have profitable growth. The top seven tech stocks are expected to see a 12% annualized sales growth from 2023 to 2025, significantly outpacing the rest of the market. The AI boom, highlighted by Nvidia's GPU Tech Conference, is expected to continue fueling growth.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 7:51 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

Investment expert Sarat Sethi observed a shift in market dynamics, noting that while speculative stocks are gaining momentum, major tech stocks known as the 'Magnificent 7' (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla) are lagging. Sethi warns of high volatility ('huge beta') for these speculative stocks during market pullbacks, potentially leading to double-digit declines. Meanwhile, the broader market, including the S&P 500, has seen significant gains, leading to cautious optimism among investors. This shift may indicate a changing landscape in the equity markets, with new potential leaders like CrowdStrike Holdings and Advanced Micro Devices emerging.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 7:39 am