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DIS

TSLA

Tesla Inc's CEO Elon Musk is supporting actress Gina Carano in her lawsuit against The Walt Disney Company and Lucasfilm after her firing from 'The Mandalorian' series. Carano's lawsuit, inspired by Musk's offer to fund legal representation for those fired over Twitter posts, comes ahead of Disney's Q1 earnings report and amidst an activist shareholder battle and issues with Florida Gov. Ron DeSantis. Musk has publicly encouraged joining the lawsuit against Disney, which has not commented on the matter.

Portfolio Pulse from Chris Katje

February 06, 2024 | 10:55 pm

ABNB

BKNG

EXPE

TRIP

Oppenheimer released an update on the U.S. short-term-rental market, highlighting an improving outlook. Expedia (EXPE) is their top pick with an Outperform rating and a $175 price target. Airbnb (ABNB) received a Perform rating due to mixed sentiment. Booking Holdings (BKNG) also received an Outperform rating with a price target raised to $4,200. TripAdvisor (TRIP) was maintained with a Perform rating, with a focus on profit growth in its core segment. Upcoming earnings reports could impact these stocks.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 10:45 pm

YUMC

Yum China Holdings, Inc. (NYSE:YUMC) reported Q4 earnings surpassing analyst expectations with adjusted earnings of 25 cents per share and sales of $2.49 billion. The company raised its dividend from 13 to 16 cents and announced a $1.25 billion stock buy-back program for 2024. Yum China, operating major brands like KFC and Taco Bell in China, highlighted a 21% system sales growth in 2023. Shares surged 17.79% after-hours to $44.10.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 10:34 pm

F

During a conference call, Ford's CEO announced that the company's next generation vehicles are expected to be profitable within the first 12 months of their launch. This statement underscores Ford's confidence in the profitability and market acceptance of its upcoming vehicle lineup.

Portfolio Pulse from Charles Gross

February 06, 2024 | 10:31 pm

GILD

Gilead Sciences, Inc. (NASDAQ:GILD) reported lower than expected Q4 earnings and issued a weaker than anticipated 2024 revenue and earnings guidance, leading to a decline in its stock price in after-hours trading. The company's Q4 revenue was $7.1 billion, matching estimates, but its EPS of $1.72 missed the expected $1.76. The decrease in revenue was attributed to lower sales of Veklury (remdesivir) and HIV products. Despite this, Gilead remains optimistic about its future, highlighting upcoming milestones in HIV prevention and treatment, Cell Therapy, and Trodelvy. Additionally, Gilead announced a 2.7% increase in its dividend.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 10:28 pm

CCJ

CCORF

DNN

FCUUF

Fission Uranium (OTC:FCUUF) is raising CA$75 million through the sale of 65.6 million shares at CA$1.18 each to fund its Patterson Lake South uranium project in Saskatchewan, Canada. Canaccord Genuity (OTCPK:CCORF) and SCP Resource Finance are leading the deal, expected to close on Feb. 12. The project, in a region known for uranium production, shows a 27.2% internal rate of return from a feasibility study. Cameco (NYSE:CCJ) and Denison Mines (AMEX:DNN) also operate major mines in the area. Fission's stock fell 10% after the announcement.

Portfolio Pulse from Stjepan Kalinic

February 06, 2024 | 10:19 pm

MLNK

The board of MeridianLink has approved a stock repurchase program, authorizing the buyback of up to $125 million of its common stock. This move is part of the company's strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:18 pm

PLUS

ePlus (NASDAQ:PLUS) reported Q3 adjusted EPS of $1.18, missing the $1.38 estimate, and sales of $509.06M, below the $595.07M estimate. This represents a 14.49% decrease in EPS and an 18.35% decrease in sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

February 06, 2024 | 10:15 pm

AFG

American Financial Group (AFG) reported Q4 adjusted EPS of $2.84, missing the $2.90 estimate, and sales of $1.73B, beating the $1.66B estimate. This represents a 5.02% decrease in EPS and a 6.72% increase in sales year-over-year.

Portfolio Pulse from mahesh@benzinga.com

February 06, 2024 | 10:09 pm

HUT

Hut 8 Corp. (HUT) reported its January 2024 operations update, highlighting a multi-year managed services agreement with Ionic Digital, significant Bitcoin holdings of 9,116 BTC, and operational efficiencies improvements. The company announced the termination of managed services in Kearney, Nebraska, and Granbury, Texas, with a $13,568,000 termination fee. Pre-construction work is underway at a new site in Culberson County, Texas. Hut 8's digital asset mining operations span several sites across North America, with a focus on self-mining, managed services, and hosting.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:08 pm