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NOW

Piper Sandler analyst Rob Owens has maintained an Overweight rating on ServiceNow (NYSE:NOW) and increased the price target from $750 to $830.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:46 pm

TSLA

Following Tesla's Q4 earnings miss, Wedbush analyst Daniel Ives expressed disappointment and reduced his price target for Tesla from $350 to $315, a 10% cut. Ives criticized the earnings call for lacking strategic and financial details, but remains optimistic about Tesla's long-term prospects. Future Fund's Gary Black also lowered his 2024 EPS estimate for Tesla by 9% to $3.40, citing the lack of production guidance and pricing uncertainty. Tesla's stock fell 8.23% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

January 25, 2024 | 1:44 pm

AAL

The CFO of American Airlines has announced plans to grow the airline's capacity by mid single digits in 2024. This strategic move indicates an expansion of services and potential growth for the company.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:43 pm

LVMHF

LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF) is set to report Q4 and full year 2023 earnings amidst a 30% decline from its 2023 highs. Concerns over the Chinese luxury market and normalization of growth post-pandemic have impacted the stock. Telsey Group maintains an Outperform rating with a $980 price target. LVMH's diversified portfolio and strategic moves, including acquisitions and executive appointments, are highlighted. The company expects growth in various segments, with Fashion and Leather Goods leading. LVMHF closed at $747.47 in the US and €683.40 in Paris.

Portfolio Pulse from Surbhi Jain

January 25, 2024 | 1:42 pm

HUM

LVTX

TSLA

Tesla's Q4 financial results fell short of expectations, causing a 9% drop in its stock price. LAVA Therapeutics announced a collaboration with Merck to evaluate LAVA-1207 with KEYTRUDA, leading to a 75% surge in LVTX shares. Humana's shares declined by 17% after reporting Q4 FY23 earnings and providing 2024 guidance.

Portfolio Pulse from ryanfaloona@benzinga.com

January 25, 2024 | 1:42 pm

F

Ford Motor Co (NYSE:F) shares are trading lower after the company announced it expects to record a pre-tax remeasurement loss of approximately $1.7 billion in its fourth-quarter earnings report. The loss is due to pension and OPEB plans, with $500 million from U.S. pension plans, $900 million from non-U.S. pension plans, and $300 million from global OPEB plans. This will reduce net income by about $1.3 billion but will not affect adjusted EBIT or EPS. The remeasurement does not impact Ford's cash position or its 2024 pension contributions. Ford's Q4 results are expected on Feb. 6, with an earnings estimate of 13 cents per share on $39.562 billion in revenue.

Portfolio Pulse from Adam Eckert

January 25, 2024 | 1:40 pm

WINT

Windtree Therapeutics, Inc. (WINT) has reached an agreement with Deerfield Management Company to eliminate a $15M contingent liability related to milestone payments for AEROSURF®. In return, Windtree will issue 608,272 shares of common stock and make two $100,000 cash payments to Deerfield. The company believes this strengthens its financial position and simplifies its balance sheet. Windtree's lead asset, istaroxime, is in clinical trials for cardiogenic shock and acute heart failure, with a new license agreement with Lee's Pharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:40 pm

ESAC

ESGEN Acquisition Corp. (ESAC) and Sunergy Renewables have announced updated terms for their pending business combination. The revised terms include a commitment from ESGEN's sponsor to purchase up to $15 million in Convertible Preferred Equity Securities, with $10 million funded at closing and an option for an additional $5 million within six months. The pro forma implied enterprise value of the combined company is $390 million. Energy Spectrum will fund the purchase and has increased its original commitment. The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:39 pm

BA

ZNH

China has given Boeing Co (NYSE:BA) approval to resume deliveries of its 737 MAX 8 aircraft to Chinese customers, ending a two-year suspension. The first 737 MAX 8, registered to China Southern Airlines (NYSE:ZNH), is currently grounded in Hawaii. This comes as Boeing faces FAA restrictions on expanding production of its narrowbody planes due to a recent cabin panel blowout incident on a 737 MAX 9 jet operated by Alaska Airlines. The resumption of deliveries in China could help Boeing amid its operational challenges and ongoing US scrutiny.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 1:38 pm

APO

BABA

BX

SLB

On CNBC's 'Halftime Report Final Trades,' analysts discussed Alibaba Group (BABA), Blackstone (BX), Apollo Global Management (APO), and Schlumberger (SLB). Alibaba appointed a new acting CEO for Daraz Group amid a management reshuffle. Blackstone is set to release quarterly earnings with analysts expecting a slight decrease in EPS compared to the previous year. Apollo received a price target increase from Morgan Stanley, and Schlumberger reported a revenue increase in Q4 fiscal 2023, beating consensus estimates. All mentioned stocks saw gains in their recent trading sessions.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 1:37 pm