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TSLA

During the earnings call, Elon Musk stated that he sees the potential for Tesla to deliver approximately 250,000 Cybertrucks per year in North America.

Portfolio Pulse from Charles Gross

January 24, 2024 | 11:07 pm

TSLA

During Tesla's earnings call, Elon Musk stated that many companies are skeptical about the reality of Tesla's Full Self-Driving (FSD) technology. This comment reflects the challenges Tesla faces in convincing the market of the viability and progress of its autonomous driving technology.

Portfolio Pulse from Charles Gross

January 24, 2024 | 11:03 pm

ALK

BA

The FAA has stopped Boeing's production expansion of the Max series to enhance quality control measures. Additionally, the FAA has detailed an extensive inspection and maintenance process for the Boeing 737-9 Max to re-enter service.

Portfolio Pulse from Charles Gross

January 24, 2024 | 11:01 pm

TSLA

During the earnings call, Elon Musk expressed that a dual class stock structure would be ideal for Tesla, aiming for influence rather than control.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:54 pm

TSLA

Elon Musk has announced that Tesla will begin production of its next-generation vehicle by the end of 2025. This statement provides a timeline for the company's future product plans, which may influence investor expectations and the company's stock trajectory.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:49 pm

URI

United Rentals, Inc. (NYSE:URI) reported Q4 earnings with adjusted earnings of $11.26 per share, surpassing estimates of $10.93. Revenue was $3.73 billion, exceeding estimates of $3.62 billion and showing a 13% year-over-year growth. Rental revenue hit a record $3.119 billion, up 13.5% from the previous year. Adjusted EBITDA reached a record $1.809 billion, though the margin fell by 150 basis points to 48.5%. The company announced a new $1.5 billion share repurchase program to be completed by Q1 2025. United Rentals forecasts full-year 2024 revenue between $14.65 billion and $15.15 billion, compared to an estimate of $14.805 billion. After the earnings release, URI shares rose 3.31% to $596 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 24, 2024 | 10:37 pm

EQBK

Equity Bancshares (NASDAQ:EQBK) reported a Q4 loss of $(1.84) per share, slightly better than the estimated $(1.88) loss. However, this represents a significant decrease from the $0.72 earnings per share in the same quarter last year. Quarterly sales were $(3.95 million), far below the expected $29.49 million, and a sharp decline from the previous year's $50.36 million.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:36 pm

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TMUS

VZ

Analysts from Keybanc, Oppenheimer, Raymond James, and Morgan Stanley have updated their outlook on Verizon Communications Inc (VZ) following its Q4 results and 2024 guidance. Keybanc raised its price target to $46, noting mixed Q4 results but encouraging guidance. Oppenheimer increased its price target to $48, highlighting strong momentum and positive outlook for 2024. Raymond James maintained a $46 price target, emphasizing Verizon's defensive nature and total return potential. Morgan Stanley also maintained an Overweight rating with a $44 price target, pointing to a significant beat on postpaid phone adds and positive revenue trends. The analysts' views suggest a positive impact on Verizon's stock, with a neutral to positive outlook for AT&T (T) and neutral for T-Mobile US (TMUS). Verizon's shares closed lower by 2.25% at $41.28.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 10:31 pm

CVBF

CVB Financial (NASDAQ:CVBF) reported a decrease in Q4 EPS to $0.35 from $0.47 in the prior year, a 25.53% drop. However, sales of $138.52M exceeded estimates of $123.61M by 12.06%, despite being 7.57% lower than the previous year's $149.86M.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:20 pm

TOWN

Towne Bank (NASDAQ:TOWN) reported Q4 adjusted EPS of $0.42, missing the consensus estimate of $0.46, and sales of $155.55M, also below the expected $164.67M. Compared to last year, EPS decreased by 35.38% and sales by 11.27%.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:11 pm