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DX

Dynex Capital (NYSE:DX) reported Q4 losses of $(0.24) per share, missing the $(0.20) estimate by 20%, and a 900% decrease from $0.03 per share last year. Sales were $(2.28M), beating the $(5.62M) estimate by 59.48%, but down 136.68% from $6.21M last year.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:02 pm

OSG

Overseas Shipholding Group (OSG) has received an unsolicited acquisition proposal from Saltchuk Resources. The offer is to acquire all outstanding shares of OSG not already owned by Saltchuk for $6.25 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:02 pm

H

Hyatt Hotels (NYSE:H) received mixed analyst ratings in the latest quarter, with 5 analysts offering views that ranged from indifferent to somewhat bullish. The average 12-month price target for Hyatt Hotels has increased by 9.44% to $131.6, with a high estimate of $138.00 and a low of $127.00. Analysts from Barclays, Redburn Atlantic, Jefferies, Wells Fargo, and Morgan Stanley have adjusted their ratings and price targets, reflecting their latest outlook on the company. Hyatt operates a mix of owned and managed properties across various brands, with a regional exposure of 55% in the Americas, 19% in Asia-Pacific, and 26% in the rest of the world. The company's financial performance shows a revenue growth rate of 5.26% as of September 30, 2023, but it trails behind industry peers and has below-average net margin, ROE, and ROA, although it has a healthier debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:01 pm

ALB

Albemarle (NYSE:ALB) received mixed analyst ratings with 6 somewhat bullish, 6 indifferent, and 1 somewhat bearish. The average 12-month price target is now $168.85, down from $213.92, with a high estimate of $308.00 and a low of $128.00. Analysts from firms including TD Cowen, Mizuho, Oppenheimer, UBS, Deutsche Bank, Keybanc, B of A Securities, Piper Sandler, BMO Capital, and RBC Capital have adjusted their ratings and price targets. Albemarle's financial performance shows strong market recognition, revenue growth, profitability, and effective asset utilization, with a market cap above industry averages, a revenue growth rate of 10.46%, a net margin of 13.09%, an ROE of 3.07%, an ROA of 1.59%, and a healthy debt-to-equity ratio of 0.37.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:00 pm

NSC

Norfolk Southern Corp (NYSE:NSC) reported Q4 fiscal 2023 results with a 5% Y/Y decline in railway operating revenue and adjusted EPS below consensus. Shares fell 1.5% after the report. Analysts from Morgan Stanley, Stifel, and TD Cowen revised their price targets and ratings, with Morgan Stanley and Stifel downgrading the stock and TD Cowen slightly increasing the target but also downgrading the rating.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 12:56 pm

ZIM

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares increased by 9.2% in pre-market trading following an upgrade from Hold to Buy by Jefferies, with a raised price target from $14 to $20. Other stocks also showed significant movement in pre-market trading, with various companies experiencing gains and losses. Notable gainers include NovaBay Pharmaceuticals, Inc. (NYSE:NBY) and Spectral AI, Inc. (NASDAQ:MDAI), while significant losers include Panbela Therapeutics, Inc. (NASDAQ:PBLA) and Aeva Technologies, Inc. (NYSE:AEVA).

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 12:56 pm

SNCE

Trading for SNCE was halted and then resumed at 7:55 AM ET, with updated status including news and resumption times.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:55 pm

MSFT

SONY

Sony Group Corporation has invested in African gaming startup Carry1st to expand its gaming presence in Africa. Carry1st, based in Cape Town, South Africa, is expected to collaborate with Sony on commercial opportunities. The investment aligns with Sony's strategy to broaden PlayStation's gaming experiences across various platforms, including PC, mobile, and cloud. The African gaming industry is projected to exceed $1 billion by 2024, and Carry1st is developing original mobile games for the African market. This move comes as global gaming companies are increasingly focusing on Africa, highlighted by Microsoft's acquisition of Activision Blizzard.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 12:54 pm

BE

Bloom Energy's stock (BE) trades lower following a downgrade from Neutral to Underperform by B of A Securities.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:54 pm

CAT

META

MS

NFLX

Insiders at Meta Platforms, Caterpillar, Netflix, and Morgan Stanley have recently sold significant amounts of shares. Netflix Director Jay C Hoag sold 47,000 shares, Meta COO Javier Olivan sold 4,500 shares, Morgan Stanley Executive Chairman James Gorman sold 50,000 shares, and Caterpillar CFO Andrew RJ Bonfield sold 10,000 shares. These sales may indicate various motivations, including personal financial planning or views on the company's valuation. Investors often monitor insider trades for insights but should not use them as the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 12:48 pm