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AAL

ALGT

ALK

DAL

JBLU

UAL

Delta Air Lines Inc (DAL) topped The Wall Street Journal's annual airline rankings for the third consecutive year, demonstrating strong operational efficiency and customer service. Alaska Air Group Inc (ALK) and Allegiant Travel Company (ALGT) followed in second and third place. However, JetBlue Airways Corporation (JBLU) ranked at the bottom due to congested airspace over New York City. The industry overall showed improved performance with the best on-time arrival rate since 2019, though challenges like baggage handling, tarmac delays, and passenger complaints persist. American Airlines Group Inc (AAL) and United Airlines Holdings Inc (UAL) have made significant improvements, but the progress in reducing flight cancellations and delays remains uneven across carriers.

Portfolio Pulse from Michael Cohen

January 26, 2024 | 5:23 pm

FCNCA

First Citizens BancShares' stock is trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:20 pm

Zillow's stock price has increased following JP Morgan's decision to maintain an Overweight rating and raise its price target from $46 to $65.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:19 pm

ARBK

BTDR

CLSK

CORZ

HUT

MARA

RIOT

A Cantor Fitzgerald report suggests that the upcoming Bitcoin Halving in April could render nine of the eleven largest publicly traded Bitcoin miners unprofitable at a Bitcoin price of $40,000. Only Bitdeer (BTDR) and CleanSpark (CLSK) are expected to maintain profit margins. Argo Blockchain (ARBK) and Hut 8 Mining (HUT) are projected to be the most affected. Other miners like Marathon Digital (MARA), Riot Blockchain (RIOT), and Core Scientific (CORZ) may also face significant impacts. The report considers the all-in cost per coin, which includes electricity, hosting fees, and other expenses. Miners are selling reserves ahead of the Halving to cover costs and prepare for future investments. The Halving, which reduces the reward per block for miners, is expected to create price increases due to supply contraction.

Portfolio Pulse from Khyathi Dalal

January 26, 2024 | 5:16 pm

CRBP

Shares of Corbus Pharmaceuticals Holdings (CRBP) were halted on a circuit breaker due to a rapid increase in price, with the stock surging 311.6%.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:14 pm

TSLA

WKSP

WKSPW

Tesla Inc (TSLA) experienced a significant drop in market valuation at the start of 2024, with challenges in making the Cybertruck profitable before 2025. Ford Motor (F) also saw a reduction in its electric F-150 production due to slowing EV demand. Worksport Ltd. (WKSP, WKSPW) is advancing with its clean energy solutions, purchasing inventory parts for the Alpha Release of its COR portable energy system and providing prototypes to Hyundai. The future of electric pickups is tied to battery technology and charging infrastructure innovation.

Portfolio Pulse from Upwallstreet

January 26, 2024 | 5:09 pm

TXT

UBS analyst Gavin Parsons has maintained a Sell rating on Textron (NYSE:TXT) but increased the price target from $77 to $81.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:05 pm

VIRT

Citigroup has reaffirmed its Buy rating on Virtu Financial Inc (NASDAQ:VIRT) but reduced its price target from $22.00 to $21.00. Virtu Financial's shares have risen 1.6% in the last 24 hours to $17.74. The new price target suggests an 18.38% upside potential. Virtu Financial is a market maker and liquidity provider, with the majority of its revenue coming from the United States.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 5:00 pm

NEP

JP Morgan has maintained a Neutral rating for NextEra Energy Partners (NEP) but raised its price target from $24.00 to $26.00. NEP shares are currently trading down at $28.84, which is above the new target. The company, which focuses on contracted clean energy projects and natural gas infrastructure, would see a 9.83% decline in share price if it reached the new target of $26.00.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 5:00 pm

APPF

AXP

CRBP

EHTH

INTC

PCSA

TKLF

American Express (NYSE:AXP) shares rose over 7% after reporting Q4 financial results and announcing plans to increase its dividend, despite missing revenue and EPS consensus. AppFolio (NASDAQ:APPF) shares surged 28% on strong Q4 results and guidance. Corbus Pharmaceuticals (NASDAQ:CRBP) soared 221% on positive clinical study data. eHealth (NASDAQ:EHTH) gained 24% on preliminary Q4 results. Intel (NASDAQ:INTC) fell 10% due to a weak Q1 forecast. Processa Pharmaceuticals (NASDAQ:PCSA) dropped 25% after announcing a public offering. Yoshitsu (NASDAQ:TKLF) plummeted 60% after a direct offering and private placement announcement. Crude oil was down 1%, while U.S. stocks traded higher overall.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 5:00 pm