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COHR

Coherent shares surged following the announcement of their Q2 financial results, which exceeded expectations. The company also provided optimistic Q3 guidance and updated its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:58 pm

WEWKQ

Adam Neumann, co-founder and former CEO of WeWork Inc. (OTC:WEWKQ), along with Third Point, led by Dan Loeb, are considering purchasing WeWork as it faces bankruptcy. They have been seeking information since December to make a bid, which could be for the entire company or its assets. The current bankruptcy plan involves transferring ownership to senior debt holders, potentially leaving third-lien noteholders and unsecured creditors with nothing.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 1:55 pm

FN

GE Fabrinet shares are trading lower following the announcement of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:54 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares surged after reporting Q4 revenue of $608 million, surpassing estimates of $602.41 million, and adjusted earnings of 8 cents per share, meeting expectations. The company saw a 20% year-over-year revenue increase, with commercial revenue up 32% and government revenue up 11%. Analysts upgraded the stock and raised price targets, reflecting strong demand for its AI platforms and positive future revenue projections.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 1:54 pm

GEHC

GE HealthCare's stock is trading higher following the announcement of their Q4 financial results, which surpassed expectations. Additionally, the company has provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:54 pm

COHR

PLTR

TENX

Shares of Palantir Technologies, Tenax Therapeutics, and Coherent surged after positive financial results and patent approval news. Palantir reported better-than-expected Q4 sales and provided positive guidance. Tenax Therapeutics' shares soared following the USPTO's allowance of its patent for treating pulmonary hypertension. Coherent's shares increased after reporting strong Q2 results and improving its Q3 outlook.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:51 pm

LI

Li Auto shares are trading higher following an upgrade from Deutsche Bank, moving from Hold to Buy.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:50 pm

ZFOX

ZeroFox Holdings, Inc. (ZFOX), a leading external cybersecurity provider, has announced a definitive agreement to be acquired by Haveli Investments for $350M, or $1.14 per share in cash. This deal represents a 45% premium over the 90-day volume weighted average share price. Upon completion, expected in the first half of 2024, ZeroFox will become a privately held company. The transaction has been unanimously approved by ZeroFox's Board of Directors and is subject to stockholder and regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:47 pm

INCY

MOR

NVS

Novartis AG (NVS) has announced a voluntary public takeover offer to acquire MorphoSys AG (MOR) for €2.7 billion, aiming to enhance its oncology pipeline and global hematology footprint. The deal includes investigational treatments pelabresib and tulmimetostat. Separately, MorphoSys agreed to sell all rights related to tafasitamab to Incyte Corporation (INCY) for $25 million, transferring full development and commercialization responsibilities to Incyte.

Portfolio Pulse from Vandana Singh

February 06, 2024 | 1:46 pm

YUMC

Yum China Holdings, Inc. (NYSE:YUMC) is anticipated to release its Q4 earnings on Feb. 6, 2024, with expected earnings of 16 cents per share, up from 12 cents a year ago, and projected quarterly revenue of $2.41 billion, up from $2.09 billion. The company previously reported a 9% increase in Q3 revenues year-over-year but missed consensus estimates. Yum China offers a dividend yield of 1.45%, equating to a quarterly dividend of 13 cents a share. To earn $500 monthly from dividends, an investor would need to own approximately 11,538 shares, valued around $414,560. The article also explains how dividend yield changes with stock price and dividend payment adjustments. YUMC shares gained 2% to close at $35.93 recently.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 1:45 pm