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RIVN

Rivian's stock price declined following the announcement of mixed Q4 financial results and a decision to reduce its salaried workforce by approximately 10%.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:40 pm

T

TMUS

VZ

A significant cellular outage affected AT&T Inc. (T), Verizon Communications Inc. (VZ), and T-Mobile US Inc. (TMUS), disrupting services nationwide, including the ability to make 911 emergency calls. Over 51,000 incidents were reported for AT&T, with Verizon and T-Mobile also experiencing disruptions. However, a T-Mobile spokesperson claimed their network was operating normally. The outage has raised concerns over public safety and the telecom industry's role in maintaining critical communication infrastructure.

Portfolio Pulse from Rounak Jain

February 22, 2024 | 1:40 pm

DIS

Walt Disney Co (NYSE:DIS) has chosen three AI companies, AudioShake, ElevenLabs, and Promethean AI, for its annual business incubator program aimed at transforming entertainment. The program, known for fostering innovation and collaboration, has previously included notable companies like Epic Games. This year's selection also features Nuro and StatusPro, expanding Disney's technological engagement into driverless delivery and virtual reality sports. Additionally, Disney introduced 'Disney’s Magic Words,' an AI-driven advertising tool for Disney+ and Hulu, currently in beta testing with major advertising firms. DIS shares rose 0.62% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 1:39 pm

FIVN

Five9 shares are trading lower following the announcement of their Q4 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:37 pm

FVRR

Fiverr International Ltd (NYSE:FVRR) reported Q4 fiscal 2023 sales of $91.50 million, slightly missing analyst estimates but with a 10.1% Y/Y growth. Adjusted EPS of $0.56 exceeded expectations. Despite a decrease in active buyers, spend per buyer and take rate improved. The company achieved its first annual GAAP profitability in 2023. However, Fiverr's 2024 revenue outlook is below analyst expectations, leading to a 3.44% drop in premarket shares.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 1:36 pm

AEE

Ameren Corporation (NYSE:AEE) is set to release its Q4 fiscal 2024 earnings on Feb. 22, 2024, with analysts expecting earnings of 61 cents per share and revenue of $2.03 billion. The company has increased its quarterly dividend by 6.3%, continuing an 11-year growth streak, offering a 3.75% annual dividend yield. To earn $500 monthly from dividends, an investment of approximately $159,865 is needed. Ameren's stock price increased by 2.2% to close at $71.40 recently.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 1:36 pm

SMP

Standard Motor Products (NYSE:SMP) reported Q4 2023 adjusted EPS of $0.37, missing the $0.63 estimate, and sales of $290.76M, missing the $314.65M estimate. This represents a 5.66% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:33 pm

NVDA

Wedbush analyst Matt Bryson maintains an Outperform rating on NVIDIA (NASDAQ:NVDA) and raises the price target from $800 to $850.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:31 pm

BA

RTX

RTX Corporation's Collins Aerospace has been selected by Air India to provide an advanced avionics package for its Boeing 737 MAX fleet. Announced at the Singapore Airshow 2024, the package includes communication, navigation, surveillance equipment, and air data sensors to enhance safety, fuel efficiency, and operational performance. The deal aims to improve flight precision and mitigate 5G interference, featuring Collins' radio altimeters and MultiScan ThreatTrack weather radar for better route management and passenger experience. RTX shares saw a slight increase of 0.15% to $89.75 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 22, 2024 | 1:31 pm

MACA

Moringa Acquisition Corp (NASDAQ:MACA) announced a business combination with Silexion Ltd., a clinical-stage oncology-focused biotech company. Silexion's Loder™ showed a 9.3-month median OS advantage in a Phase 2a trial for pancreatic cancer. The merger, valuing Silexion at $62.5 million, is expected to close in Q3 2024, subject to approvals. The combined company will be listed on Nasdaq, with Moringa issuing 6.25 million shares to Silexion's equity holders.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:31 pm