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ALLE

Allegion reported Q4 adjusted EPS of $1.68, surpassing the $1.59 estimate, marking a 5% year-over-year increase. However, their sales of $897.40M fell short of the $902.10M estimate, despite a 4.17% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:32 am

BYDDY

TSLA

Tesla Inc. (NASDAQ:TSLA) saw a 67% year-on-year increase in new vehicle registrations in the EU in January, with 14,466 new vehicles. However, this growth was slightly outpaced by Chinese state-owned SAIC Motors, which reported a 69.5% increase with 9,746 new registrations. Despite Tesla's growth, it lost the title of the world's top-selling BEV maker to BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) last year. SAIC Motors' performance indicates that BYD is not the only Chinese competitor challenging Tesla's dominance in the electric vehicle market.

Portfolio Pulse from Anan Ashraf

February 20, 2024 | 10:16 am

COF

DFS

Capital One Financial Corporation (NYSE:COF) announced its plans to acquire Discover Financial Services (NYSE:DFS) in a $35.3 billion all-stock transaction, causing COF shares to fall 5.8% in pre-market trading. Other stocks like MicroCloud Hologram Inc. (NASDAQ:HOLO), Tevogen Bio Holdings Inc. (NASDAQ:TVGN), SSR Mining Inc. (NASDAQ:SSRM), Sasol Limited (NYSE:SSL), Nano-X Imaging Ltd. (NASDAQ:NNOX), C4 Therapeutics, Inc. (NASDAQ:CCCC), and Bitfarms Ltd. (NASDAQ:BITF) also recorded losses in pre-market trading for various reasons.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 10:11 am

FMS

Fresenius Medical Care anticipates its operating income to increase by a mid-to high-teens percentage rate in 2024 compared to the previous year. This projection indicates a significant growth trajectory for the company.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:03 am

FMS

Fresenius Medical Care (NYSE:FMS) reported Q4 adjusted earnings per share of $0.47, surpassing the $0.32 estimate, with sales of $5.37B also beating the $5.35B estimate. This represents a 7.73% increase in earnings and a 5.28% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:57 am

TSLA

VGK

EU electric vehicle (EV) registrations in January saw a significant decline of 42.3% month-over-month, according to data cited by Reuters from the European Automobile Manufacturers' Association (ACEA).

Portfolio Pulse from Charles Gross

February 20, 2024 | 9:52 am

ONEQ

SMCI

SOXX

Super Micro Computer Inc. (SMCI) has seen a remarkable 9,900% increase in stock value since its 2007 IPO, significantly outperforming Nvidia and the Philadelphia Semiconductor Index (SOXX) in 2023. With strong financials and an optimistic outlook, Super Micro's revenue guidance has been raised to $14.3-$14.7 billion. The company's focus on AI-optimized computer platforms has contributed to its success, despite a recent pullback after Wells Fargo's cautious rating. BofA Securities initiated coverage with a Buy rating and a $1,040 price target, highlighting the company's potential in the growing AI server market.

Portfolio Pulse from Shanthi Rexaline

February 20, 2024 | 9:50 am

AMZN

Brazilian fintech Stark Bank, backed by Jeff Bezos, has significantly increased its profits and managed its funding efficiently. The company's payment processing business tripled, reaching 155 billion reais in 2023, and net income doubled to 71.5 million reais. Stark Bank, which has received investments from Bezos Expeditions and Ribbit Capital, is focusing on expanding its market share in Brazil without diluting its founder's stake. The company is considering an IPO around 2029.

Portfolio Pulse from Benzinga Neuro

February 20, 2024 | 9:26 am

ETHUSD

FLOKIUSD

After Ethereum co-founder Vitalik Buterin tweeted about the potential of AI in finding smart contract bugs, TokenFi's TOKEN, associated with FLOKI, saw a 20% increase in value. TokenFi announced the launch of AI-based products including an AI Smart Contract Auditor. Crypto analyst Scofield predicts TOKEN could surge over 50% to $0.057.

Portfolio Pulse from Mehab Qureshi

February 20, 2024 | 9:02 am

AAPL

Apple Inc.'s Vision Pro mixed reality headset's travel case has sparked mixed reactions online due to its unique design and $199 price tag. The case, designed to protect the Vision Pro headset, features a Ripstop outer shell, Polycarbonate structure, and compartments for accessories. Despite its innovative design, some users criticized its utility and cost, especially since the Vision Pro itself is priced at $3,499 without the case included. Meanwhile, early adopters of the Vision Pro have reported issues with the headset, and competitors like Meta Platforms, Inc. have claimed their products are superior. However, Microsoft executives have shown approval of the Vision Pro.

Portfolio Pulse from Ananya Gairola

February 20, 2024 | 8:28 am