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SOFI

Morgan Stanley analyst Jeffrey Adelson has downgraded SoFi Technologies (SOFI) from Equal-Weight to Underweight and reduced the price target from $7 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:35 am

FBIN

BMO Capital analyst Ketan Mamtora has downgraded Fortune Brands (NYSE:FBIN) from Outperform to Market Perform while increasing the price target from $76 to $82.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:30 am

TSLA

Delaware Chancery Court Chief Judge Kathleen McCormick struck down Tesla CEO Elon Musk's $55 billion 2018 compensation plan, causing uncertainty among analysts and investors. The decision could lead to an appeal or a new compensation package. Analysts like Gary Black and Daniel Ives commented on the potential impacts, while Musk suggested Tesla might change its incorporation to Texas. Tesla's stock fell 3.35% in premarket trading following the news.

Portfolio Pulse from Shanthi Rexaline

January 31, 2024 | 10:17 am

MBUU

Keybanc analyst Noah Zatzkin has maintained an Overweight rating on Malibu Boats (NASDAQ:MBUU) but has reduced the price target from $58 to $50.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:17 am

CVLT

Keybanc analyst Thomas Blakey upgraded CommVault Systems (NASDAQ:CVLT) from Sector Weight to Overweight and set a price target of $109. This upgrade suggests a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:15 am

AMD

GOOGL

MSFT

Jim Cramer, host of CNBC's 'Mad Money,' advised investors to remain cautious and not make hasty decisions amid recent market volatility. He suggested waiting for earnings reports and analyst reflections, noting tech stocks' reversal, with Microsoft showing strong cloud revenue, Alphabet missing ad revenue expectations, and AMD's forecast falling short of Wall Street predictions. The market's concentration in top tech stocks was compared to the dot-com bubble era, emphasizing the importance of the current earnings season for these companies.

Portfolio Pulse from Benzinga Neuro

January 31, 2024 | 10:11 am

GSK

GSK (NYSE:GSK) reported Q4 earnings with an EPS of $0.718, missing the estimate of $0.75 by 4.27%. Revenue increased by $1.41 billion from the same period last year. Despite beating EPS estimates last quarter, GSK's share price dropped by 1.19% the following day.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 10:05 am

INTC

MSFT

TEAM

Microsoft Corp. (MSFT) and Intel Corp. (INTC) are optimistic about the PC market's recovery, with Microsoft reporting a 9% increase in Windows OEM revenue and focusing on AI integration in PCs. Microsoft's 'Devices' revenue is expected to decline in March 2024, but the company is highlighting AI advancements, including the Copilot key and AI assistant on over 75 million PCs. Intel is aligning with Microsoft's AI focus to drive revenue growth. Analyst firm Counterpoint Research and IDC data indicate early signs of recovery in the global PC industry. Atlassian Corp. (TEAM) is among the companies using Microsoft's Copilot ecosystem for business needs.

Portfolio Pulse from Rounak Jain

January 31, 2024 | 10:03 am

AMD

Keybanc analyst John Vinh has maintained an Overweight rating on Advanced Micro Devices (AMD) and increased the price target from $195 to $270. This adjustment reflects a positive outlook on AMD's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:02 am

UMC

United Microelectronics (NYSE:UMC) reported Q4 earnings with an EPS of $0.173, beating estimates by 15.33% but with a revenue decrease of $420 million from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 0.28% the following day.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 10:00 am