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LNVGF

Lenovo's shares plummeted nearly 10% following a Newsweek article citing China Tech Threat's advice to ban Lenovo PCs in the U.S. due to espionage risks. This has raised concerns about Lenovo's future in its significant North American market, which represents 36% of its revenue. Additionally, Intel's lower-than-expected revenue forecast has sparked fears of a PC demand slowdown, potentially impacting Lenovo. Meanwhile, speculation exists that Dell, a major rival and financial backer of China Tech Threat, might be influencing these developments to harm Lenovo.

Portfolio Pulse from The Bamboo Works

February 06, 2024 | 2:01 pm

CVS

CVS Health (NYSE:CVS) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts predicting an EPS of $1.83. Historical data shows CVS Health has a mixed track record of beating EPS estimates, with a positive beat last quarter leading to a 1.32% share price increase. Over the past year, CVS shares have declined by 18.28%, indicating a bearish sentiment among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:01 pm

VRT

Over the past 5 years, Vertiv Holdings (NYSE:VRT) has achieved an average annual return of 43.96%, outperforming the market by 31.2%. A $1000 investment in VRT 5 years ago would now be worth $6,175.88. Vertiv Holdings currently has a market capitalization of $23.44 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:00 pm

ZFOX

Trading for ZFOX was halted but has now resumed as of 9:00:00 AM ET, following an update on its status.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:00 pm

FMC

FMC Corporation's shares are trading lower due to the company reporting Q4 results that were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:59 pm

SYM

Symbotic's shares traded lower following the announcement of mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:58 pm

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