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TKO

Dwayne Johnson, also known as 'The Rock', has joined the Board of Directors of TKO Group Holdings, the parent company of WWE and UFC. TKO announced a 10-year, $5 billion deal with Netflix for exclusive streaming rights to WWE content starting in 2025. Johnson will gain ownership of his trademarked name 'The Rock' and receive restricted stock awards up to $30 million. TKO is majority owned by Endeavor Group Holdings. Johnson's involvement could lead to synergies with his other investments and brand partnerships, including Under Armour and the United Football League, which has media deals with Disney and Fox Corporation.

Portfolio Pulse from Chris Katje

January 23, 2024 | 10:55 pm

DOGEUSD

SHIBUSD

SOLUSD

Dogecoin (DOGE) and Shiba Inu (SHIB) have outperformed newer Solana-based memecoins Dogwifhat and Myro, which have seen significant declines from their recent highs. Despite a general downturn in the cryptocurrency market, Dogecoin maintains a strong network dominance, with high transaction activity suggesting its potential as a payment system. Shiba Inu's Shibarium blockchain has also seen a surge in activity. A notable SHIB transaction and a SHIB whale's involvement in burning tokens have been highlighted, indicating continued interest in these meme coins.

Portfolio Pulse from Khyathi Dalal

January 23, 2024 | 10:54 pm

SHPW

Shapeways has announced a 100% year-over-year growth in its automotive business, which has reached multi-million-dollar revenues. This significant growth highlights the company's expanding presence and success in the automotive sector.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:53 pm

DWAC

FMCC

FNMA

PHUN

PSQH

RUM

Stocks associated with Donald Trump have surged following his victory in the Iowa primaries. Phunware Inc. (PHUN) and Digital World Acquisition Corp. (DWAC) saw increases of over 400% and 180%, respectively. PSQ Holdings Inc. (PSQH), Rumble Inc. (RUM), and mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) also experienced gains between 30% and 45% since the beginning of the year. These companies are linked to Trump through business ventures, investments, or potential policy benefits from a Trump presidency.

Portfolio Pulse from Piero Cingari

January 23, 2024 | 10:52 pm

VSAC

VSACU

Vision Sensing Acquisition Corp. (VSAC) has received a delisting determination letter from Nasdaq. The company plans to appeal the determination and request a stay of delisting pending the outcome of the appeal hearing.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:49 pm

ISRG

Intuitive Surgical, Inc. (NASDAQ:ISRG) reported Q4 earnings of $1.60 per share, surpassing estimates of $1.48 and showing a 30.08% increase from the previous year. Sales were $1.93 billion, exceeding expectations of $1.87 billion and marking a 16.51% increase year-over-year. Despite a decrease in cash and equivalents due to capital expenditures, da Vinci procedures grew by 21%. The stock rose 6.22% after-hours.

Portfolio Pulse from Ryan Gustafson

January 23, 2024 | 10:39 pm

AUMN

METC

USAP

BHP Xplor has launched a second accelerator program for early-stage mineral exploration companies, selecting six from over 500 applicants to receive grants and expert support. Golden Minerals Company has started silver-gold mining operations at its Velardeña Properties in Mexico, with plans to ramp up production throughout the year. Ramaco Resources hired Dr. Alex Moyes as director to oversee rare earth element operations at its Brook Mine, which could be the largest unconventional deposit in the US. Universal Stainless received an Overweight rating from Keybanc with a raised price target.

Portfolio Pulse from Austin DeNoce

January 23, 2024 | 10:39 pm

SAP

SAP reported a 5% increase in total revenue for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:35 pm

SUGP

SU Group Holdings has announced the pricing of its initial public offering (IPO) of 1.25 million ordinary shares at $4.00 each. The company expects its shares to begin trading on the Nasdaq on January 24, 2024, under the ticker symbol 'SUGP'.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:32 pm

EDR

NFLX

TKO

TKO Group Holdings, Inc. (TKO) announced a $5 billion, 10-year deal with Netflix, Inc. (NFLX) to stream WWE's 'Raw' exclusively. The deal, which emphasizes the importance of live sports for streaming services, sent TKO's stock soaring over 20%. Netflix is expanding into live sports, having already streamed events like the 'Tour de France: Unchained' and the 'Netflix Cup'. The partnership will bring three hours of live WWE programming weekly to Netflix. Netflix's Q4 financial results mentioned ongoing investments in live programming. TKO, partly owned by Endeavor Group Holdings Inc (EDR), was formed to integrate UFC and WWE.

Portfolio Pulse from Erica Kollmann

January 23, 2024 | 10:17 pm