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DIS

Reliance Industries has not commented on rumors of a potential merger with Walt Disney Co's India unit. The speculation arose from reports of advanced discussions to merge media and entertainment operations in India, potentially creating the largest media conglomerate in the country. However, Reliance has remained silent following a recent dispute involving Zee Entertainment and Disney Star, which could lead to a $2-billion valuation downgrade for Disney Star due to financial losses from media rights agreements.

Portfolio Pulse from Utkarsh Roshan

January 30, 2024 | 10:35 am

CAJFF

CAJPY

Canon reported Q4 sales of ¥1.163 trillion, a slight increase from ¥1.157 trillion year-over-year. However, net income for the quarter fell to ¥80.57 billion from ¥84.84 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:35 am

ALV

Barclays analyst Dan Levy has maintained an Equal-Weight rating on Autoliv (NYSE:ALV) and increased the price target from $105 to $107.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:31 am

MASI

Jefferies analyst Matthew Taylor has downgraded Masimo (NASDAQ:MASI) from Buy to Hold while increasing the price target from $107 to $121. This reflects a more cautious stance on the stock's current valuation, despite the raised target suggesting some potential for upside.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:30 am

ST

Oppenheimer analyst Christopher Glynn has upgraded Sensata Technologies (NYSE:ST) from Perform to Outperform and set a price target of $50. This upgrade reflects a positive outlook on the company's performance and potential growth.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:28 am

SPOT

UBS analyst Batya Levi has upgraded Spotify Technology (NYSE:SPOT) from Neutral to Buy and increased the price target from $170 to $274.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:26 am

SANM

Sanmina Corp (NASDAQ:SANM) stock is trading higher in premarket after reporting Q1 FY24 earnings that exceeded consensus estimates. The company posted revenue of $1.875 billion and adjusted EPS of $1.30, both surpassing expectations. Despite a lower adjusted operating margin compared to the previous year, Sanmina repurchased 2.1 million shares and ended the quarter with $632 million in cash. The Q2 outlook is positive, with expected revenue and EPS above consensus. Shares are up 15.76% premarket.

Portfolio Pulse from Lekha Gupta

January 30, 2024 | 10:26 am

AAPL

ZM

Zoom Video Communications Inc. has developed a new app for Apple Vision Pro, set to launch on Feb. 2, coinciding with the release of Apple Inc.'s mixed reality headset. The app aims to improve hybrid collaboration by integrating video conferencing with users' physical environments. Zoom's initiative to expand its platform across the Apple ecosystem began with a new app for Apple TV in December. The Apple Vision Pro has seen strong initial sales and is expected to have applications in various fields, including healthcare.

Portfolio Pulse from Rounak Jain

January 30, 2024 | 10:14 am

BORR

BTSG

CALX

DEO

JL

MNSO

NYXH

PDD

VAL

Calix, Inc. (CALX) issued a Q1 forecast with adjusted EPS and revenue below estimates, causing its shares to fall 25.4% in pre-market trading. Other stocks also experienced pre-market losses, including Nyxoah S.A. (NYXH), Borr Drilling Limited (BORR), PDD Holdings Inc. (PDD), MINISO Group Holding Limited (MNSO), Valaris Limited (VAL), BrightSpring Health Services, Inc. (BTSG), J-Long Group Limited (JL), and Diageo plc (DEO).

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 10:10 am

DEO

Diageo reported a decrease in H1 adjusted EPS to $1.08 from $1.16 YoY and a slight decline in sales to $10.96B from $11.12B YoY, indicating a modest drop in performance.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:09 am