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FCX

IE

The global copper market is expected to see a balance in 2024 with demand recovery and supply tightening, according to JPMorgan. Key indicators include a 1.2% increase in global output and a significant drop in spot treatment charges, indicating a tight market. JPMorgan's bullish outlook is supported by a 3.5% growth in China's demand and recovery in the Rest of the World. Freeport-McMoRan Inc (FCX) and Ivanhoe Electric Inc (IE) are highlighted as U.S. traded stocks with significant upside potential.

Portfolio Pulse from Surbhi Jain

February 07, 2024 | 10:37 pm

MKSI

MKS Instruments forecasts Q1 revenue to be around $840M, with a possible variation of $40M, falling short of the estimated $852.31M. The company also anticipates an adjusted EPS of $0.72, with a possible variation of $0.25, below the estimated $0.81.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:37 pm

APPS

Digital Turbine Inc (NASDAQ:APPS) reported a decline in fiscal Q3 earnings with revenue of $142.6 million, a 12% decrease year-over-year, missing analyst estimates. Adjusted earnings per share fell to 15 cents from 29 cents. The company cited weaker U.S. device upgrade rates and temporary platform consolidation as near-term challenges but remains optimistic about future growth opportunities, especially in alternative app distribution. Digital Turbine anticipates full-year 2024 revenue between $547 million and $553 million, with adjusted earnings per share of 50 to 54 cents. Shares fell 16.67% after hours to $4.20.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 10:36 pm

TTGT

TechTarget announced its Q1 GAAP revenue projection to be between $50M-$52M, which is below the estimated $52.21M.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:36 pm

MKSI

MKS Instruments projects its Q1 revenue to be around $840M, with a possible variation of $40M, falling short of the estimated $852.31M. The company also forecasts an adjusted EPS of $0.72, with a possible variation of $0.25, which is below the estimated $0.81.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:35 pm

FR

First Industrial Realty Trust has provided its 2024 NAREIT FFO guidance, projecting $2.54-$2.64 per share/unit, and $2.56-$2.66 per share/unit excluding accelerated expense, against an estimate of $2.59.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:28 pm

DOGEUSD

MSTR

Dogecoin (DOGE) saw a 2.3% increase to $0.08 despite no specific news. Michael Saylor of MicroStrategy Inc. (MSTR) discussed Bitcoin's potential as an institutional asset, likening its emergence to that of gold ETFs and the S&P index ETF. U.S. Treasury Secretary Janet Yellen emphasized the need for cryptocurrency-specific legislation during a House Financial Services Committee hearing, focusing on stablecoins and non-security crypto assets.

Portfolio Pulse from Henry Khederian

February 07, 2024 | 10:28 pm

GL

Globe Life Inc. has projected its net operating earnings per share (EPS) for the year 2024 to be in the range of $11.30 to $11.80, which is around the analysts' estimate of $11.43.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:25 pm

FLUT

PARA

Martwon Weaver placed a $5 bet with FanDuel, a Flutter Entertainment plc unit, on five NFL awards with a potential payout of $680,960. The bet, which now has a market value of around $200,870, cannot be cashed out traditionally. Weaver, facing financial hardships, seeks to sell the bet through WagerWire. The NFL Honors awards ceremony, airing on CBS and streaming on Paramount+, could make this one of FanDuel's biggest unlikely odds wins.

Portfolio Pulse from Chris Katje

February 07, 2024 | 10:23 pm

QNST

QuinStreet, Inc. (QNST) has projected its Q3 2023 revenue to be in the range of $160M-$170M, which is below the estimated $185.155M. This indicates a potential shortfall in expected revenue for the quarter.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:19 pm