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Stock Prices

AAPL

Wedbush analyst Daniel Ives maintains an 'Outperform' rating on Apple (AAPL) with a $250 price target, citing new supply chain checks indicating demand stabilization in China and expected iPhone sales growth. Ives highlights the potential of Apple's AI technology and a new AI App Store, predicting over $5 billion in annual incremental revenue from AI services. He also forecasts Vision Pro sales to reach 1 million units by 2025.

Portfolio Pulse from Shanthi Rexaline

February 11, 2024 | 9:38 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) has surpassed Apple as the most valuable global corporation, with a market cap of $3.125 trillion, driven by its significant embrace of artificial intelligence (AI). Despite this, analysts find it puzzling that Microsoft's valuation is nearly double that of the entire energy sector in the S&P 500, even though it generates half the free cash flow of these companies. The comparison highlights concerns about the sustainability of high valuations based on future growth expectations in a high-interest rate environment. Microsoft's free cash flow has been steady since 2022, with expectations of growth due to its AI initiatives. The energy sector, on the other hand, faces potential decreases in free cash flow due to increased capital expenditures driven by rising oil prices.

Portfolio Pulse from Shanthi Rexaline

February 11, 2024 | 7:55 pm

AMDI

MTRS

SCRP

This week, three companies are scheduled for their initial public offerings (IPOs) according to Benzinga Pro. METROS DEVELOPMENT CO., LTD. (MTRS), Amphitrite Digital Inc (AMDI), and Scripps Safe, Inc (SCRP) are set to become publicly listed with their shares priced within specific ranges. Each company has a 180-day lockup period post-IPO.

Portfolio Pulse from Benzinga Insights

February 11, 2024 | 5:31 pm

TSLA

Tesla, Inc. (NASDAQ: TSLA) has temporarily reduced the prices of its Model Y variants in the U.S. by $1,000 until Feb. 29, with the performance variant's price remaining unchanged. The price cut, aimed at boosting sales, comes after a period of price reductions in early 2023 that did not significantly improve sales and affected margins. Tesla also made leasing more attractive by reducing the down payment. Despite speculation, Tesla confirmed there will be no Model Y refresh in North America this year.

Portfolio Pulse from Shanthi Rexaline

February 11, 2024 | 5:12 pm

AAPL

JPM

MSFT

Forbes highlighted 26 American billionaires who amassed their wealth not through founding companies or inheritance but by climbing the corporate ladder, including notable figures like Tim Cook of Apple, Jamie Dimon of JPMorgan, and former Microsoft CEO Steve Ballmer. These individuals, part of the 760 billionaires in the U.S., have made their fortunes in various sectors, with Ballmer leading with a $122.7 billion fortune mainly from his stake in Microsoft.

Portfolio Pulse from Bibhu Pattnaik

February 11, 2024 | 3:40 pm

AAPL

Apple Inc. (NASDAQ:AAPL) had a notable week with its new mixed reality headset, the Vision Pro, making headlines. A Tesla driver was criticized for wearing the Vision Pro while driving, German customs seized the device from customers due to import regulations, and a lawsuit against Apple's CEO Tim Cook was dismissed. Additionally, Apple dominated smartphone shipments, claiming seven of the top ten spots, and the resale market for the Vision Pro saw prices skyrocket.

Portfolio Pulse from Benzinga Neuro

February 11, 2024 | 5:50 am

DAL

Delta Air Lines, Inc. (NYSE:DAL) is launching premium lounges at New York's JFK, Boston, and Los Angeles airports to enhance customer service and hospitality. These lounges will feature unique city-inspired elements and offer services like a full-service brasserie and a chef-assisted market. This move is part of Delta's focus on premium travel, which has seen significant revenue growth in business-class and premium economy.

Portfolio Pulse from Nabaparna Bhattacharya

February 10, 2024 | 9:01 pm

TSLA

Tesla Inc (NASDAQ: TSLA) has announced a significant pay raise for its U.S. factory workers, with hourly wages now ranging from $22 to $39. The adjustment reflects regional cost of living differences, with higher wages in California compared to Nevada and Texas. The new pay structure includes seven levels of compensation and introduces a performance-based bonus system named Cyber Wallet, offering paid time off, cash rewards, or stock options. This move comes amid growing unionization momentum within the industry.

Portfolio Pulse from Bibhu Pattnaik

February 10, 2024 | 7:46 pm

PARA

Super Bowl LVIII, featuring the San Francisco 49ers vs. Kansas City Chiefs, is expected to attract over 100 million viewers. Key attractions include Usher's halftime show, high-priced commercials, and Taylor Swift's presence, linked to her relationship with Chiefs' Travis Kelce. The game will air on CBS, Nickelodeon, and stream on Paramount+, all units of Paramount Global Inc (NASDAQ:PARA)(NASDAQ:PARAA). Last year's Super Bowl had 113 million viewers, with NFL games dominating 2023's top broadcasts.

Portfolio Pulse from Chris Katje

February 10, 2024 | 6:05 pm

IWM

NVDA

SMCI

Todd Gordon of Inside Edge Capital discussed the current state of the stock market on Benzinga’s PreMarket Prep, arguing against the notion of a market bubble despite the rally in tech stocks like Super Micro Computer Inc (SMCI) and NVIDIA Corp (NVDA). He highlighted the strength in tech, driven by technological and AI advancements, as a positive sign for the market. Gordon also addressed concerns regarding small-cap stocks and the iShares Russell 2000 Index (IWM), noting that many small-cap companies are unprofitable and questioning their need to participate in the market rally. He suggested that the market could see some profit-taking and consolidation but remains optimistic about the market's position.

Portfolio Pulse from Aaron Bry

February 10, 2024 | 3:00 pm