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AAPL

Apple Inc. (AAPL) is set to release its Q1 earnings on Feb. 1, 2024, with expected earnings of $2.10 per share on revenue of $118.03 billion. The company is also dealing with a lawsuit in the U.K. over App Store charges and has launched iOS 17.3 with new features. Apple's current dividend yield is 0.49%, with a quarterly dividend of 24 cents per share. To earn $500 a month in dividends, an investor would need to own approximately 6,250 shares, valued at $1,219,875. The article also explains how dividend yield fluctuates with stock price and dividend payments. AAPL shares rose 0.7% to close at $195.18 on Tuesday.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:57 pm

ASML

NFLX

QQQ

SPY

TSLA

U.S. stock futures are up, with positive sentiment from Netflix and ASML earnings. Tesla's Q4 results are highly anticipated. Chinese central bank's stimulatory measure may boost U.S.-listed Chinese stocks. Mixed results in Tuesday's trading with Dow down, but Nasdaq and S&P 500 up. Wharton professor Jeremy Siegel suggests broader market participation in the rally, favoring big tech stocks. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Several companies, including Abbott Laboratories and IBM, are set to report earnings.

Portfolio Pulse from Shanthi Rexaline

January 24, 2024 | 12:41 pm

STNE

Banco Bradesco BBI S.A analyst Otavio Tanganelli has upgraded StoneCo (NASDAQ:STNE) from Underperform to Neutral and set a price target of $23.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:40 pm

UCBI

United Community Banks (NASDAQ:UCBI) reported Q4 adjusted EPS of $0.53, surpassing the consensus estimate of $0.52 by 1.92%. However, the company experienced a significant decrease in earnings compared to last year's $0.75 per share. Quarterly sales were $180.36M, falling short of the $226.07M estimate by 20.22% and marking a 25.85% decline from the previous year's $243.24M.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:36 pm

OFG

OFG Bancorp (NYSE:OFG) exceeded analyst expectations for Q4 earnings, posting $0.98 per share against the estimated $0.93, a 5.38% beat. Sales reached $143.50M, surpassing the $141.62M estimate by 1.33% and marking a 6.06% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:34 pm

MNRO

Monro Inc. (MNRO) reported Q3 adjusted EPS of $0.39, which was in line with analyst estimates but marked a 9.3% decrease from the previous year. Quarterly sales of $317.65M fell short of the expected $324.22M, a 5.23% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:32 pm

ABT

Abbott Laboratories (NYSE:ABT) reported Q4 adjusted EPS of $1.19, meeting analyst estimates, and sales of $10.24B, slightly beating the $10.18B estimate. This represents a 15.53% increase in EPS and a 1.49% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:31 pm

AAPL

LPL

SSNLF

LG Display Co, Ltd (NYSE:LPL) reported a surprising profit turnaround in Q4 FY23 with a 1% revenue growth to KRW 7.4 trillion, driven by increased OLED panel shipments. The company returned to profitability after seven quarters, with OLED products contributing 57% to revenues. Gross margin improved to 11.7%, and operating income reached KRW 132 billion, a significant recovery from the previous year's loss. Net income was KRW 51 billion, and EBITDA surged 509% Y/Y. LG Display supplies screens for Apple Inc's (NASDAQ:AAPL) new Vision Pro headset and is expected to increase LCD panel supply to Samsung Electronics (OTC:SSNLF). The company plans to reduce 2024 investment to KRW 2 trillion to enhance financial stability. LPL shares rose 4.44% to $5.17.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 12:30 pm

PLD

Raymond James analyst William Crow has reaffirmed a Strong Buy rating on Prologis (NYSE:PLD) and increased the price target from $130 to $145, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:29 pm

COST

FIVE

SIG

THO

Insiders at Costco, THOR Industries, Five Below, and Signet Jewelers have recently sold significant amounts of shares. Costco's Director sold 8,000 shares, THOR Industries' COO sold 6,666 shares, Five Below's Director sold 10,000 shares, and Signet Jewelers' CEO sold 10,000 shares. These sales come amidst various company-specific news such as Costco's new measures to curb unauthorized access, THOR Industries' sales decline, Five Below's Q4 guidance, and Signet Jewelers' Q3 sales decline.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:28 pm