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ABNB

AMZN

BAC

IBM

NVDA

IBM (NYSE:IBM) has issued a return to office mandate for its managers, requiring them to work from an office or client location at least three days a week. This move contrasts with companies like Nvidia (NASDAQ:NVDA) and Airbnb (NASDAQ:ABNB), which maintain work-from-home policies. Bank of America (NYSE:BAC) also demands staff return to the office, threatening disciplinary action. Research from the University of Pittsburgh suggests RTO mandates may be more common in firms with poor stock performance, using RTO to reassert control and shift blame for bad performance. However, this is questioned by the strong market gains of companies like IBM and Amazon (NASDAQ:AMZN) in 2023.

Portfolio Pulse from Neil Dennis

January 30, 2024 | 6:37 pm

MARK

MSFT

Remark Holdings announced a partnership with Microsoft Azure to globally implement RemarkAI computer vision large vision models.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:36 pm

AMD

DHR

DIA

GOOGL

LCID

MSCI

MSFT

QQQ

SLB

SPY

UPS

XLF

XLK

US stocks showed mixed performance ahead of key tech earnings and the Fed meeting. The S&P 500 and Nasdaq 100 dipped, while the Dow edged up. Microsoft, Alphabet, and AMD are set to report earnings. Economic data showed higher job openings and home prices, but below expectations. UPS shares fell after a revenue miss and job cuts, while GM surged on strong results and outlook. Danaher, MSCI, and Lucid also rose, but Schlumberger fell with the oil sector. ETFs SPY, DIA, and QQQ moved in line with their indices, and sector funds XLF and XLK reflected financial and tech sector performance.

Portfolio Pulse from Piero Cingari

January 30, 2024 | 6:31 pm

CMCSA

TMUS

Citigroup analyst Michael Rollins is bullish on Comcast Corp (NASDAQ:CMCSA), maintaining a Buy rating and raising the price target from $51 to $53. Rollins' optimism is based on Comcast's strong fourth-quarter FY23 results, which surpassed consensus estimates, and the company's increased dividend and new $15 billion share repurchase program. He anticipates revenue growth to be weighted towards the second half of the year due to the Olympics and elections, and expects broadband revenue growth from targeted ARPU expansion. Despite a slight negative expectation for subscriber volumes, Comcast is seen as well-positioned to improve value over the next 12 months, especially with its solid Cable financials and under-appreciated Content and entertainment segment.

Portfolio Pulse from Anusuya Lahiri

January 30, 2024 | 6:31 pm

EBAY

KMX

TSLA

A YouTube channel 'What's Inside? Family' tested the appraisal value of a Tesla Cybertruck at CarMax, receiving a quote of $76,000 despite the vehicle's purchase price of over $100,000 and a custom wrap. The Cybertruck cannot be sold for one year after purchase according to Tesla's rules. The video suggests CarMax could sell the vehicle for $150,000 to $200,000. Tesla has begun deliveries of the Cybertruck and has cracked down on reservation holders selling their spots, although listings have appeared on eBay. The Cybertruck's high demand and limited early production have led to a robust secondary market.

Portfolio Pulse from Chris Katje

January 30, 2024 | 6:31 pm

AMZN

DIS

NFLX

Amazon has introduced ads on Prime Video, causing some Prime members to cancel their subscriptions. Despite this, Amazon expects Prime membership growth to continue with high renewal rates. Analysts predict $6.6 to $8.0 billion in incremental revenue from the worldwide launch of the ad-inclusive plan. Amazon's ad revenue in Q3 saw a 26% increase from the previous year. The company believes the ad model will boost advertising and subscription revenue, contrasting with ad-free models from Netflix and Disney+. Bank of America analyst Justin Post expects significant benefits for Amazon from this change. AMZN shares dropped 1.40% to $159.01.

Portfolio Pulse from Anusuya Lahiri

January 30, 2024 | 6:31 pm

HLIT

Harmonic Inc. (NASDAQ:HLIT) exceeded Q4 earnings and revenue expectations, posting adjusted earnings of 13 cents per share and sales of $167.09 million, against estimates of 10 cents per share and $159.80 million, respectively. Despite the strong results, analysts from Raymond James and Rosenblatt reduced their price targets for HLIT, with Raymond James maintaining a Strong Buy rating and Rosenblatt maintaining a Buy rating. HLIT shares rose 3.3% to $12.02 following the earnings report.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 6:31 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) will halt production at its Berlin plant from Jan. 29 to Feb. 11, 2024, due to supply chain issues caused by attacks on the Red Sea shipping route. The proposed India-Middle East-Europe Economic Corridor (IMEC) could provide an alternative shipping route, potentially benefiting Tesla's long-term strategy. The corridor would connect India's western coast to Israel and Europe, offering a reliable shipping route for Tesla's batteries from China. Additionally, the discovery of lithium reserves in India could influence EV manufacturing and Tesla's interest in setting up a manufacturing plant in India.

Portfolio Pulse from Shankar Iyer

January 30, 2024 | 6:30 pm

WWD

Woodward, Inc. (NASDAQ:WWD) exceeded Q1 earnings and revenue expectations, reporting $1.45 EPS and $787 million in sales against estimates of $1.10 EPS and $748.29 million in sales. Following the results, Woodward raised its full-year guidance, citing strong sales growth, margin expansion, and robust demand in Aerospace and Industrial sectors. Despite the positive report, Woodward shares dropped by 0.6%. UBS and Truist Securities adjusted their price targets on Woodward, with UBS maintaining a Buy rating and Truist maintaining a Hold rating.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 6:25 pm

Wedbush analyst Dan Ives maintained an Overweight rating on General Motors Co. (GM) following their Q4 financial results, which surpassed expectations with $43 billion in revenue and $1.24 EPS. GM's guidance for 2024 adjusted earnings is also above estimates, indicating a focus on profitability. Despite the EV sector's uncertainties, GM plans to launch six new EV models in 2024 and expects to be EV variable margin positive in 2H24. GM shares rose 7.56% to $38.07.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 6:17 pm