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CORZ

Core Scientific shares are trading higher following the announcement of their January 2024 Bitcoin production and operations updates.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 4:15 pm

GRRR

Gorilla Technology's stock price increased following the announcement of its Q3 2023 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 4:15 pm

MCD

McDonald's Corp (NYSE:MCD) shares fell in premarket trading after reporting mixed Q4 results, with global same-store sales growth of 3.4%, missing Wall Street estimates of 4.7%. Analysts from Stephens and TD Cowen maintained positive ratings despite the shortfall, attributing it to international sales pressures, particularly from the Middle East. Adjusted earnings exceeded expectations due to one-time charges. The company plans to open ~2,100 restaurants in 2024, expected to boost systemwide sales growth.

Portfolio Pulse from Priya Nigam

February 05, 2024 | 4:13 pm

HOOD

A significant options trade was executed for Robinhood Markets (HOOD), involving a sweep of 150 January 2026 $12 calls at $3.15 each, compared to an open interest of 16,552. This trade occurred as Robinhood's stock price was at $10.595, with earnings announcement expected on February 13 after market close.

Portfolio Pulse from Charles Gross

February 05, 2024 | 4:13 pm

KEX

Stephens & Co. analyst Jack Atkins has reiterated an Overweight rating on Kirby Corporation (NYSE:KEX) and maintained a price target of $105. This reaffirmation of Kirby's stock rating and price target suggests continued confidence in the company's performance and potential for growth.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 4:11 pm

ON

ON Semiconductor Corp (NASDAQ: ON) reported a 4.1% year-on-year decline in Q4 FY23 revenue to $2.02 billion, surpassing consensus estimates of $2.00 billion. Adjusted EPS was $1.25, beating the $1.21 consensus. Revenue from different groups varied, with PSG growing by 4% and ASG and ISG seeing declines. Gross and operating margins decreased, but the company highlighted record automotive revenue and significant growth in silicon carbide revenue. The Q1 outlook is below consensus estimates, yet shares rose by 8.5%.

Portfolio Pulse from Anusuya Lahiri

February 05, 2024 | 4:07 pm

D

ENB

Enbridge Inc (NYSE:ENB) is approaching its Q4 earnings report with signs of renewed investor confidence, highlighted by a technical 'Golden Cross' indicating potential for future price appreciation. The company's stable cash flows are supported by long-term contracts and regulated utilities, with 98% of its EBITDA coming from these sources. The strategic acquisition of natural gas utilities from Dominion Energy Inc (NYSE:D) in September 2023 has diversified Enbridge's revenue streams and enhanced its exposure to regulated utility assets. This acquisition is seen as a once-in-a-generation opportunity by Enbridge's CEO, Greg Ebel. Post-acquisition, Enbridge's business mix includes 50% liquids pipelines, 25% gas transmission, 22% gas distribution, and 3% renewables. With a strong credit rating (BBB+), a well-laddered debt structure, and low debt ratios, Enbridge is financially stable and trades at a discount to historical valuations, presenting a favorable buying opportunity. The stock also offers a high forward dividend yield of 7.62%.

Portfolio Pulse from Surbhi Jain

February 05, 2024 | 4:06 pm

AMC

LYV

RCL

Taylor Swift has filed for trademarks for 'Taylor-Con,' hinting at a potential festival for fans. The trademarks cover fan meet-ups, educational programs, and social entertainment events. This follows Swift's record-breaking 'The Eras Tour' and concert film, which saw high demand for tickets and grossed millions worldwide. Live Nation Entertainment's Ticketmaster struggled with ticket demand for Swift's tour. Additionally, fan-themed cruises organized around Swift's popularity are set for 2024, showing strong fan demand for Swift-related events.

Portfolio Pulse from Chris Katje

February 05, 2024 | 4:02 pm

ARI

Apollo Comml Real Est (NYSE:ARI) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.33. Historical data shows that ARI's stock price reacts to both earnings outcomes and forward guidance. Last quarter, ARI beat the EPS estimate by $0.02, leading to a 5.06% stock price increase the following day. However, the stock has seen a 12.04% decline over the last 52 weeks, indicating potential investor concern ahead of this earnings release.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 4:02 pm

EQH

Equitable Hldgs (NYSE:EQH) is set to release its quarterly earnings report on February 6, 2024, with analysts estimating an EPS of $1.20. Historical data shows that Equitable Hldgs's stock price reacts significantly to earnings performance and guidance. Last quarter, the company missed its EPS estimate, resulting in a 5.12% drop in share price. Over the last year, EQH shares have slightly declined by 0.25%.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 4:02 pm