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Stock Prices

EXTR

UBS analyst David Vogt downgraded Extreme Networks (NASDAQ:EXTR) from Buy to Neutral and reduced the price target from $22 to $14.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 10:48 am

NYCB

Jefferies analyst Casey Haire downgraded New York Community (NYSE:NYCB) from Buy to Hold and reduced the price target from $13 to $7, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 10:35 am

JP Morgan analyst Richard Choe upgrades AT&T (NYSE:T) from Neutral to Overweight and raises the price target from $18 to $21, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 10:23 am

MSFT

Palworld, developed by Pocketpair, has become the biggest third-party launch on Microsoft's Xbox Game Pass, attracting over 7 million players. In just ten days, it became the most-played third-party game on Xbox Cloud Gaming with Game Pass Ultimate. The game's success contributes to Microsoft's record-breaking month with over 200 million monthly active users across its Xbox PC and mobile platforms, following the acquisition of Activision Blizzard. Palworld's popularity even surpassed Fortnite's daily players on Xbox, despite controversy over its resemblance to Pokémon.

Portfolio Pulse from Benzinga Neuro

February 01, 2024 | 10:19 am

ING

MXL

WOLF

MaxLinear, Inc. (MXL) reported Q4 results with earnings and sales in line with market estimates but saw its shares fall 13.4% in pre-market trading. Other stocks like ING, Wolfspeed, and several others also experienced declines in Thursday's pre-market session despite U.S. stock futures being higher, particularly Nasdaq futures gaining around 90 points.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 10:10 am

DIS

PARA

Disney has reached a preliminary agreement to sell a 60% stake in its Indian media business to Viacom18, a deal that values the unit at $3.9 billion, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

February 01, 2024 | 9:46 am

NIO

NIO Inc. reported an 18.2% year-over-year increase in vehicle deliveries for January 2024, with a total of 10,055 vehicles delivered.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:42 am

AAPL

QCOM

SSNLF

Qualcomm Inc. (QCOM) has extended its deals with Apple Inc. (AAPL) and Samsung Electronics Co Ltd. (SSNLF), with the Apple modem deal now running through 2027. Qualcomm reported a 5% year-on-year revenue increase to $9.94 billion for the December 2023 quarter. The extensions highlight the challenges of fabricating high-quality chipsets and modems, as Apple's in-house 5G modem rollout has been delayed, and Samsung continues to use Qualcomm's Snapdragon chipsets for its flagship Galaxy smartphones.

Portfolio Pulse from Rounak Jain

February 01, 2024 | 9:41 am

AAPL

AMZN

CHRW

HON

QCOM

U.S. stock futures are trading higher, with investor focus on upcoming earnings reports. Apple (AAPL) is expected to report earnings of $2.10 per share on $117.91 billion revenue. QUALCOMM (QCOM) reported strong Q1 results and provided Q2 guidance, but shares dipped slightly. Honeywell (HON) is anticipated to report earnings of $2.59 per share on $9.70 billion revenue. C.H. Robinson (CHRW) reported disappointing Q4 results, leading to a share price drop. Amazon (AMZN) is expected to report earnings of 80 cents per share on $166.21 billion revenue.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 9:39 am

XPEV

XPENG, also known as XPEV, reported a 58% year-over-year increase in the delivery of smart electric vehicles, with 8,250 units delivered in January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:03 am