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NFLX

Netflix shares have dropped in after-hours trading following a Bloomberg report that Netflix's Film Chief, Scott Stuber, is planning to leave the company to start a new venture.

Portfolio Pulse from Charles Gross

January 22, 2024 | 9:58 pm

BTCUSD

Jim Cramer, host of 'Mad Money', has expressed a bearish view on Bitcoin, suggesting that the cryptocurrency has not yet found its footing and is far from the bottom. His comments on social media have sparked reactions from the crypto community, with some interpreting his bearish stance as a bullish signal, given his track record of 'reverse Midas' takes. An Inverse Cramer ETF exists for investors who bet against his predictions. The crypto community has responded with a mix of sarcasm, optimism, and humor, with some suggesting that Cramer's prediction could indicate that the bottom is near.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 9:52 pm

ECO

Okeanis Eco Tankers Corp. (NYSE:ECO) provided a commercial update for Q4 2023, estimating a fleetwide Daily Time Charter Equivalent Rate (Daily TCE Rate) of approximately $45,300 per operating day. The estimated Daily TCE Rates for VLCC and Suezmax vessels were $45,200 and $45,500 per operating day, respectively, with Suezmax spot days at $51,800. For Q1 2024, 61% of VLCC and 41% of Suezmax spot days have been booked at $76,100 and $59,300, respectively. The Daily TCE Rate is a non-GAAP and non-IFRS measure, and the company has not finalized its financial statements for 2023, indicating that the provided figures are preliminary and subject to change.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:40 pm

SFE

Safeguard Scientifics, Inc. (NASDAQ:SFE) has announced its intention to voluntarily delist its common stock from the Nasdaq Stock Market. The company plans to file Form 25 with the SEC on February 2, 2024, and expects delisting to occur ten days later. Safeguard aims to deregister its common stock under the Exchange Act by filing Form 15, citing fewer than 300 shareholders of record. Post-delisting, Safeguard's stock may trade over-the-counter, potentially on a market operated by OTC Markets Group Inc. The company also completed a reverse and forward stock split (1-for-100 and 100-for-1) effective January 12, 2024, as part of its plan to cease registration and delist from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:39 pm

RBB

RBB Bancorp (NASDAQ:RBB) exceeded analyst expectations for Q4 with an adjusted EPS of $0.45, surpassing the estimate of $0.35 by 28.57%. However, this represents a 51.09% decrease from the previous year's EPS of $0.92. Sales reached $33.06M, beating the $27.81M estimate by 18.89% but showing a 20.03% decline from the prior year's $41.34M.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:39 pm

EIS

IZRL

The U.S. is backing a peace plan involving Saudi Arabia, Egypt, and other Arab states for a two-state solution between Israel and Palestine. The plan proposes a pathway towards a two-state solution and the return of Israeli hostages held by Hamas. The Israeli government has rejected a separate peace deal, with Prime Minister Netanyahu insisting on a total victory over Hamas. The EU and UN have called for a ceasefire and a two-state solution. The iShares MSCI Israel ETF (EIS) and the ARK Israel Innovative Technology ETF (IZRL) have both recovered from losses incurred after the October attacks, with EIS up 5% and IZRL up 1.1% on Monday.

Portfolio Pulse from Natan Ponieman

January 22, 2024 | 9:38 pm

TCRT

Alaunos Therapeutics has appointed Dale Curtis Hogue as its interim CEO, effective January 20, 2024, according to an SEC filing. Hogue will also continue his role on the company's board.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:38 pm

VRM

Vroom, Inc. (VRM) shares have dropped following the company's announcement that it will cease its ecommerce operations and shut down its used vehicle dealership business.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:35 pm

RBB

RBB Bancorp (NASDAQ:RBB) reported Q4 earnings with an EPS of $0.45, beating estimates by 28.57% but with revenue down $8.28 million from the previous year. The company had previously beaten EPS estimates last quarter, which led to a 4.39% share price increase the following day. Historical earnings performance shows mixed results over the past four quarters.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:35 pm

UAL

United Airlines forecasts a Q1 2024 adjusted EPS of $(0.85)-$(0.35), which is below the $(0.21) estimate. For the full year 2024, the company expects an adjusted EPS of $9.00-$11.00, compared to the $9.58 estimate.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:34 pm