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LIN

Wells Fargo has reaffirmed its Overweight rating on Linde (NASDAQ:LIN) and increased its price target from $470.00 to $480.00. Linde's shares have risen 0.63% in the last 24 hours to $418.18. The new price target suggests a potential 14.78% upside. Linde, the world's largest industrial gas supplier, reported $33 billion in revenue and $5.4 billion in GAAP operating profit for 2022.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:00 pm

SPY

Fed's Collins remarks on the economic risks coming into better balance, indicating a potential shift in monetary policy or economic outlook. This could influence investor sentiment and market trends, particularly affecting broad market indices like the S&P 500.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:59 pm

SLAB

Silicon Laboratories Inc (NASDAQ:SLAB) reported a Q4 FY23 sales decrease of 66.3% Y/Y to $86.85 million, surpassing consensus estimates. Despite a significant drop in sales and margins, the company's adjusted EPS loss was better than expected. SLAB anticipates a return to sequential revenue growth in Q1 with an expected revenue of $100 million to $110 million, also above consensus estimates. The stock soared by 12.70% following the announcement.

Portfolio Pulse from Anusuya Lahiri

February 07, 2024 | 4:57 pm

SPY

Fed's Kugler indicates that new rent measures suggest a slowdown in housing inflation, emphasizing that every meeting going forward is 'live' for potential policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:57 pm

CRC

California Resources Corporation (CRC) announced a merger with Aera Energy, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:56 pm

SPY

Fed's Kugler expressed concerns over regional banks' exposure to Commercial Real Estate (CRE) and hinted at potential upward pressure on goods prices due to global shipping and other risks, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:54 pm

CRNC

Cerence Inc. shares are trading lower due to the company's Q1 financial results and Q2 revenue guidance falling below estimates. Additionally, Craig-Hallum downgraded Cerence from Buy to Hold and set a $22 price target.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:54 pm

MSGE

Madison Square Garden Entertainment Corp. (NYSE:MSGE) reported Q2 earnings with revenue of $402.66 million, surpassing the analyst consensus of $301.83 million, a 13% increase year over year. Adjusted operating income rose to $151.0 million, up $24.7 million from the previous year. The increase in revenue was attributed to more concerts, live entertainment, and sporting events. The company has raised its fiscal 2024 revenue and income guidance, leading to a 4.61% increase in MSGE shares to $36.19.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 4:53 pm

AULT

Ault Alliance Inc (NASDAQ:AULT) shares surged 25.3% to $0.44 after announcing it will not pursue new acquisitions in 2024, focusing on maximizing the value of its existing assets including a data center, crane rental business, and lending company. The company plans to reduce headcount to save over $2 million in payroll expenses. This decision is part of Ault Alliance's strategy to enhance portfolio value and support sustained growth, as stated by Executive Chairman Milton "Todd" Ault III.

Portfolio Pulse from Henry Khederian

February 07, 2024 | 4:45 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares continue to rise, following a more than 30% rally on Tuesday, driven by better-than-expected quarterly results and strong demand for its AI platforms. The company reported a 20% year-over-year increase in fourth-quarter revenue to $608 million, surpassing the consensus estimate. Commercial revenue grew 32%, with U.S. commercial revenue up 70% year-over-year. Analysts from Jefferies, Citigroup, Raymond James, Wedbush, and Mizuho have issued positive updates, upgrading the stock or raising price targets to between $18 and $30 per share.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 4:43 pm