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DAVA

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Wall Street analysts have updated their price targets and ratings for several US-listed companies. Texas Instruments' target was raised by Keybanc, while Webster Financial and NuStar Energy saw increases from Raymond James and Stifel, respectively. Needham raised Apellis Pharmaceuticals' target, Citigroup upgraded Sunoco, and Canaccord Genuity increased Vertex Pharmaceuticals' target. Conversely, BMO Capital downgraded Plug Power, JP Morgan cut DXC Technology's target, Morgan Stanley downgraded Endava, and Keybanc raised Netflix's target. Most stocks mentioned closed lower on Tuesday, except for Apellis Pharmaceuticals and Netflix, which saw gains.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:18 pm

ECO

GPRE

VTNR

The article highlights three energy stocks that are considered oversold based on their Relative Strength Index (RSI) values, suggesting they may be undervalued and poised for a potential rebound in Q1. Green Plains Inc. (GPRE) has an RSI of 22.05 and recently had its price target lowered by Truist Securities. Vertex Energy, Inc. (VTNR) secured an additional $50 million in borrowing capacity and has an RSI of 28.08. Okeanis Eco Tankers Corp. (ECO) issued a commercial update and has an RSI of 28.77.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:08 pm

AMZN

NFLX

Netflix Co-CEO Greg Peters commented on the company's advertising strategy during the Q4 earnings call, contrasting it with Amazon's upcoming introduction of ads on Prime Video. Peters highlighted that Netflix considered but decided against making ads the default option, respecting its history of ad-free service. He pointed out that 40% of new Netflix signups are for the ad tier. Amazon's ad-supported option will reach its 115 million monthly users, a larger audience than Netflix's ad tier. Netflix's strategy includes potential price hikes and partnerships, like the one with Carrefour, to boost its subscriber base and revenue. Despite competition, Netflix reported a strong Q4 with $8.83 billion in revenue and 13.12 million new subscribers.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 12:08 pm

Redburn Atlantic analyst Adrian Yanoshik has initiated coverage on Ford Motor Company (NYSE:F) with a Sell rating and set a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:07 pm

NVDA

U.S. Rep. Nancy Pelosi made a substantial profit of nearly $500,000 from trading Nvidia Corp. (NASDAQ:NVDA) call options, doubling her annual government salary in just two months. Pelosi's investment success is attributed to Nvidia's stock performance, which increased over 21% since her acquisition. Nvidia's financial performance was strong in fiscal 2023, with significant revenue and net income, driven by its focus on AI and accelerated computing. The company's strategic collaborations, such as with Microsoft Azure, have solidified its position in the tech industry.

Portfolio Pulse from Jeannine Mancini

January 24, 2024 | 12:07 pm

WBS

Webster Financial Corporation (NYSE:WBS) reported Q4 earnings per share of $1.46, meeting market estimates, but fell short on sales with $571.02 million against expectations of $602.807 million. Despite the sales miss, the company highlighted strong financial performance and strategic accomplishments, including the acquisition of Ametros Financial. Shares dropped 2.3% after the report. Analysts from Raymond James and JP Morgan raised their price targets for WBS, with Raymond James maintaining an Outperform rating and JP Morgan upgrading the stock from Neutral to Overweight.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:05 pm

KURA

Kura Oncology, Inc. (NASDAQ:KURA) has announced an oversubscribed private placement of $150 million, selling shares and pre-funded warrants at a premium of 29% over its closing price on January 23, 2024. The placement is expected to close on January 26, 2024, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:04 pm

Stifel Financial (NYSE:SF) reported Q4 adjusted EPS of $1.50, surpassing the $1.31 estimate by 14.5%, despite a 5.06% decrease from last year's $1.58 EPS. Sales reached $1.15B, exceeding the $1.07B estimate by 7.10% and marking a 2.14% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:03 pm

FBP

First BanCorp (NYSE:FBP) reported Q4 adjusted EPS of $0.49, surpassing the $0.36 estimate, marking a 22.5% increase from the previous year. However, sales of $196.68M fell short of the $206.11M estimate, a 4.32% decrease from the prior year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:03 pm

General Dynamics reported a record year-end backlog of $93.6 billion, the highest in the company's history, indicating strong future revenues and potential growth.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:03 pm