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SSY

SunLink Health Systems' subsidiary has revised agreements for the sale of Trace Regional Medical Center and its clinics. The property was sold to Progressive for $500,000. Additionally, a six-month net lease agreement has been established at $20,000 per month. The previous transaction dated November 10, 2023, has been terminated.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:30 pm

CDLX

Cardlytics' stock price has risen following the announcement of a settlement agreement with SRS and the release of updated preliminary results for Q4 2023. The settlement likely resolves outstanding legal issues, and the updated financial results may suggest a better-than-expected performance for the quarter.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:29 pm

AAL

American Airlines Group Inc (NASDAQ: AAL) reported a 75% decline in Q4 adjusted earnings to 29 cents per share, beating consensus estimates. Seaport Research Partners upgraded AAL from Neutral to Buy with a $23 price target, citing a compelling earnings trajectory and benefits from a digital transformation. Evercore ISI maintained an In-Line rating with a $17 price target, noting an earnings beat due to lower non-fuel costs and seeing domestic revenue as a significant opportunity. AAL shares fell 1.40% to $15.14.

Portfolio Pulse from Priya Nigam

January 29, 2024 | 2:27 pm

AMD

AMZN

MSFT

NVDA

QQQ

SMCI

SOFI

TSLA

UPS

Swaggy Stocks has released data on the top 10 trending stocks on WallStreetBets as of January 29, 2024. The list includes SOFI, NVDA, AMD, TSLA, AI, AMZN, MSFT, QQQ, SMCI, and UPS.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:21 pm

PBLA

Panbela Therapeutics has announced the pricing of a public offering amounting to approximately $9 million, which has led to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:19 pm

PALI

Palisade Bio's stock price increased following their request to withdraw a recently filed registration statement. Additionally, the company presented positive preclinical data for PALI-2108, their lead program, at the 2024 Crohn's & Colitis Congress.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:19 pm

BABA

BIDU

EWH

NIO

PDD

A Hong Kong court ordered the liquidation of China Evergrande Group, once China's largest real estate developer. The company's shares plummeted 21% before trading was suspended. CEO Shawn Siu expressed commitment to clients and continuity, planning to work with the liquidator, Alvarez & Marsal Inc. The market impact is mixed, with the Hang Seng Index closing higher and mainland Chinese shares dipping slightly. Chinese companies listed in New York showed varied premarket reactions, with Alibaba up 0.7% and PDD Holdings down 3.3%, while others like JD.com, NIO, and Baidu were mostly flat.

Portfolio Pulse from Piero Cingari

January 29, 2024 | 2:18 pm

MULN

Mullen Automotive has announced that its Class 3 electric vehicle (EV) truck, the Mullen THREE, has received certification from the California Air Resources Board (CARB) and is now ready for sale in all CARB states and the District of Columbia.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:17 pm

CEG

CHGG

TKR

UNH

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended buying Constellation Energy (CEG) and The Timken Company (TKR), but refrained from endorsing Chegg, Inc. (CHGG) due to competitive pressures from AI like ChatGPT. He expressed concerns about insurers, including UnitedHealth (UNH), stating they are in a 'massive reset' and 'have no idea what's going on.' Constellation Energy announced a $1 billion increase to its repurchase program. Goldman Sachs downgraded Chegg, and DA Davidson initiated coverage on Timken with a Buy rating and a $92 price target. UnitedHealth reported a net profit of $22.4 billion for FY2023 and beat Q4 revenue estimates.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 2:16 pm

AAL

AAPL

AMZN

BMY

GOOGL

MSFT

SCHW

TSLA

Research suggests Bitcoin could reach $87K in this year's halving, while speculation on BTC ETFs could propel it to $500K. Tech giants Microsoft and Apple are leading earnings reports this week, potentially affecting market optimism. Charles Schwab may enter the Bitcoin ETF market. American Airlines and other stocks are set for varied market openings. Global politics and US-China tech tensions continue, with potential impacts on companies like Amazon, Alphabet, and Microsoft. Alibaba, Tencent, and TSMC are making strategic moves in China and Japan. Apple Card increases APY, and Tesla's Cybertruck tours China. Boeing faces challenges with the 737 Max, and Bristol Myers advances cancer treatment options.

Portfolio Pulse from Akanksha Bakshi

January 29, 2024 | 2:16 pm