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AAPL

J.P. Morgan analysts have advised investors to focus on customer feedback and future supply chain plans for Apple Inc.'s (NASDAQ:AAPL) new product, the Apple Vision Pro, rather than lead times. Despite the device's pre-orders pushing shipping dates to March and April, analysts believe that the early demand may not accurately reflect the device's popularity. They emphasize the importance of consumer experience and supply chain feedback for the Vision Pro 2. The Apple Vision Pro, priced at $3,499, has seen a surge in pre-orders and is considered a significant step for Apple into virtual reality.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 6:51 am

ERIC

Ericsson anticipates a seasonal decline in sales for FY24, with Networks sales expected to drop by 25% and Cloud Software and Services by 34% on average from Q4 to Q1, based on the past three years' data. The company also forecasts a Q1 gross margin for Networks to be between 39-41%.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:50 am

TSLA

Franz von Holzhausen, Tesla's senior design executive, praised CEO Elon Musk for his boldness, which allows Tesla to break away from conventional designs and 'bring the future forward.' The Cybertruck, with its unique stainless steel exterior, exemplifies Tesla's innovative approach. Although the Cybertruck has not yet launched in China, a tour showcasing the vehicle is planned. Tesla faces stiff competition in China, especially from BYD, which recently overtook Tesla in EV sales. However, Holzhausen welcomes competition as it drives Tesla to improve.

Portfolio Pulse from Anan Ashraf

January 23, 2024 | 6:40 am

ERIC

Ericsson reported a decline in Q4 earnings per share (EPS) to SEK 1.02 from SEK 1.82 year-over-year (YoY), with sales dropping to SEK 71.9 billion from SEK 86 billion YoY. The company experienced a significant 17% organic sales decline, largely due to a 23% decrease in its Networks segment.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:40 am

INBX

SNY

Inhibrx, Inc. has agreed to sell its INBRX-101 assets to Sanofi for up to $2.2 billion. Shareholders of Inhibrx will receive $30 per share in cash, a $5 contingent value right (CVR), and 0.25 shares of a new entity, New Inhibrx, which will hold all non-101 assets and liabilities. Sanofi will also pay off Inhibrx's debt and invest $200 million in New Inhibrx. The deal includes the acquisition of INBRX-101, an AAT augmentation therapy, by Sanofi's subsidiary Aventis Inc.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:09 am

NVDA

Analysts at Melius Research suggest that Nvidia (NASDAQ:NVDA) could experience an Apple-like transformation by focusing more on software and services. They note that Nvidia's software business, including the AI supercomputer DGX Cloud, is expected to generate significant revenue and provide long-term margin support. This shift could lead to a higher valuation for Nvidia's stock due to the premium typically assigned to software earnings. The company's strategic positioning in AI and partnerships with cloud service providers like Microsoft and Oracle are contributing to its growth and market leadership.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 6:06 am

GE

General Electric Company (NYSE:GE) is anticipated to report lower Q4 earnings at 90 cents per share, down from $1.24 per share year-over-year, with projected revenue of $17.42 billion compared to $21.79 billion. GE is also involved in investigations related to a Boeing 747 engine malfunction. The stock closed up 1.1% at $131.23. Analysts from JP Morgan, RBC Capital, Citigroup, Barclays, and Morgan Stanley have provided ratings and adjusted price targets for GE.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 5:56 am

BRO

Brown & Brown, Inc. (NYSE:BRO) exceeded analyst expectations for Q4 earnings per share (EPS) and sales. The company reported an EPS of $0.58, surpassing the estimate of $0.53 by 9.43%, and a 16% increase from the previous year's $0.50. Sales reached $1.03 billion, beating the estimate of $985.48 million by 4.11% and marking a 13.82% increase from the prior year's $901.40 million.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 5:54 am

NFLX

Scott Stuber, head of Netflix's movie studio, is leaving the company to start his own media business after the March Academy Awards. His departure marks the end of a significant era for Netflix, which is set to announce Q4 earnings later on Tuesday. Netflix has seen substantial growth, with a 50% increase in operating profits over the past year and a recovery post-Hollywood writers' strike. Stuber's exit could affect Netflix's future film strategy and growth.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 5:46 am

BTCUSD

Su Zhu, co-founder of the defunct hedge fund Three Arrows Capital (3AC), shared his positive prison experience, stating he had the 'best sleep' of his life there. Zhu served a four-month sentence in Singapore for defying a court order. He appreciated the simplicity and routine of prison life, including reading and exercise. Meanwhile, in the U.S., Sam Bankman-Fried, founder of the collapsed FTX exchange, is adapting to the economy of New York’s Metropolitan Detention Center using mackerel as currency. Bitcoin is currently trading at $39,989, down 3.85%.

Portfolio Pulse from Mehab Qureshi

January 23, 2024 | 5:24 am