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PSX

Phillips 66 (NYSE:PSX) reported Q4 financial results surpassing expectations with revenue of $38.74 billion and adjusted EPS of $3.09. The company saw varied performance across its segments, with notable achievements in Midstream and Chemicals, but a decline in Refining and Marketing & Specialties. CEO Mark Lashier highlighted the company's strategic execution and shareholder value delivery, with $8.3 billion distributed to shareholders since July 2022. Following the report, Phillips 66 shares rose by 1.3%, and analysts from Raymond James and Wells Fargo raised their price targets for PSX.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 1:35 pm

ALGN

Align Technology's shares surged following the announcement of their Q4 financial results, which exceeded expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:35 pm

AFL

Aflac's shares experienced a decline following the announcement of their Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:35 pm

LQR

LQR House has announced a declaration of a 50% stock dividend, indicating a significant return to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:33 pm

BX

COST

ZBH

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Blackstone Inc. (BX) despite mixed Q4 2023 results, Costco Wholesale Corporation (COST) implementing new measures to curb unauthorized access, and Zimmer Biomet Holdings, Inc. (ZBH) ahead of its expected positive Q4 earnings report. Blackstone missed revenue expectations, Costco is trialing a new scanning system, and Zimmer Biomet is anticipated to report increased earnings and revenue.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 1:33 pm

RACE

Ferrari NV (NYSE:RACE) has projected a significant increase in its revenue and core earnings for 2024, based on a strong order book and successful performance in 2023. The company expects its adjusted EBITDA to reach at least 2.45 billion euros in 2024, up from 2.28 billion euros in 2023. This announcement led to a 6% increase in Ferrari's stock in premarket trading. The company's long-term business plan targets an adjusted EBITDA of 2.5-2.7 billion euros for 2026. Ferrari's shares were trading around $369.96 to $370 in premarket. Speculations about Lewis Hamilton joining Scuderia Ferrari in 2025 are also making headlines.

Portfolio Pulse from Benzinga Neuro

February 01, 2024 | 1:28 pm

DB

Deutsche Bank AG (NYSE:DB) shares surged premarket Thursday after reporting Q4 FY23 results with mixed financial performance. The bank saw a 5% Y/Y revenue growth to €6.66 billion, missing consensus in USD terms. Key highlights include a 9% increase in Corporate Bank net revenues, a 10% rise in Investment Bank net revenues, and a 4% decline in Private Bank revenues. Noninterest expense grew by 5% due to restructuring and severance costs. EPS of $0.72 beat consensus, and the bank announced plans to increase share repurchases and dividends by at least 50% Y/Y in 2024.

Portfolio Pulse from Lekha Gupta

February 01, 2024 | 1:27 pm

C

MA

NMR

As of Feb. 1, 2024, Nomura Holdings, Inc. (NMR), Citigroup Inc. (C), and Mastercard Incorporated (MA) are highlighted as overbought financial stocks, potentially signaling a warning for momentum-focused investors. NMR's RSI is at 74.49 following a quarterly EPS decline, C's RSI is at 70.64 after an upgrade by Morgan Stanley, and MA's RSI stands at 78.22, buoyed by strong quarterly net revenues and strategic achievements.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 1:27 pm

GREE

Greenidge Generation Holdings Inc. (GREE) reported its preliminary Q4 2023 earnings per share (EPS) to be between $0.18 and $0.32, compared to the estimated $0.20. The company's revenue is expected to be around $19.7 million, surpassing the estimated $16.012 million.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:27 pm

NVIV

Trading for NVIV was halted and then resumed at 8:25 AM ET, following an update on its status. This event indicates a significant occurrence that prompted the halt and resumption, which could be due to a variety of reasons such as financial disclosures, regulatory news, or other material events.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:25 pm