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IVZ

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Invesco (NYSE:IVZ) and increased the price target from $15 to $17.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:36 pm

DAL

UAL

United Airlines Holdings Inc (NASDAQ:UAL) is set to report Q4 earnings on Jan. 22 with an expected EPS of $1.70 and revenues of $13.53 billion. Analysts are focusing on United's cash balance impacts from network expansion investments. The company's strategic resilience during the pandemic and aggressive growth plans for 2024 are notable. Analyst ratings are generally positive, with recent upgrades from Susquehanna and BofA Securities. UAL shares were down 2.4% at $38.78 ahead of the earnings report. Delta Air Lines Inc (NYSE:DAL) is also mentioned in relation to capacity expansion and its recent Q4 results.

Portfolio Pulse from Surbhi Jain

January 19, 2024 | 8:35 pm

RIOT

Over the past 5 years, Riot Platforms (NASDAQ:RIOT) has significantly outperformed the market, with an average annual return of 45.68%. A $100 investment in RIOT 5 years ago would be worth $656.05 today. Riot Platforms currently has a market cap of $2.13 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:30 pm

LFMD

LifeMD (NASDAQ:LFMD) has significantly outperformed the market with an average annual return of 51.57% over the past 5 years. An investment of $100 in LFMD five years ago would be worth $800 today. LifeMD currently has a market cap of $234.83 million.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:30 pm

AAL

DAL

HLT

LULU

LUXX

MAR

MGM

UAL

WYNN

China's overseas travel has not fully recovered post-pandemic, with outbound airline capacity at 60% of 2019 levels. This has resulted in a $129 billion reduction in global tourism revenue. U.S. flights to Asia are also affected by the inability to fly over Russia. Bank of America analysts predict a strong recovery in 2024 for Chinese international travel. Delta Air Lines beat Q4 forecasts but trimmed its 2024 outlook, while American Airlines, United Airlines, and other airline stocks saw declines in January. Hotel groups like MGM Resorts, Marriott International, and Hilton Hotels have fared better, with some stocks hitting new highs. Luxury goods are impacted, with the Roundhill S&P Global Luxury ETF and companies like Estee Lauder and Lululemon experiencing declines.

Portfolio Pulse from Neil Dennis

January 19, 2024 | 8:26 pm

VCTR

Morgan Stanley analyst Michael Cyprys has maintained an Underweight rating on Victory Capital Holdings (VCTR) but increased the price target from $26 to $28.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:25 pm

MSFT

Microsoft Corporation's (NASDAQ:MSFT) $10-billion investment in OpenAI, the parent company of ChatGPT, is potentially facing probes by the U.S. Department of Justice and the Federal Trade Commission over antitrust concerns. The agencies are discussing which one should investigate the partnership, as both have shown interest and do not want to relinquish jurisdiction. The deal was not reported for antitrust review, and the hiring of OpenAI's CEO by Microsoft has raised additional concerns. The FTC is also investigating OpenAI over consumer privacy issues, while the UK's Competition and Markets Authority and the European Commission have expressed antitrust concerns. Microsoft's stock is trading at all-time highs, reflecting the success of its AI investments.

Portfolio Pulse from Chris Katje

January 19, 2024 | 8:24 pm

LEVI

Telsey Advisory Group analyst Dana Telsey maintains an Outperform rating on Levi Strauss & Co (NYSE:LEVI) with a price target of $16. The company is expected to post Q4 results on January 25, 2024, with an estimated EPS of $0.44, up from $0.34 last year. Revenue growth is projected at 4.8% to $1.665 billion, with gross margin expansion to 57.0% and operating margin increase to 12.2%. Despite a cautious outlook due to an uncertain macro environment, the DTC business and Asia market show strength, offsetting pressures in North America and Europe wholesale channels.

Portfolio Pulse from Nabaparna Bhattacharya

January 19, 2024 | 8:17 pm

TEF

Telefonica SA (NYSE:TEF) has acquired broadcasting rights for Spain's premier football league matches for $1.4 billion, starting with the 2024-2025 season. The deal covers five games per match-day across three seasons. Telefonica's strategy includes integrating football into its pay-TV packages to retain premium users. The company recently gained exclusive Spanish broadcasting rights for the UEFA Champions League and plans to stabilize Spanish earnings in H2 2023. Telefonica also announced a workforce reduction of about 5,100 jobs by 2026. TEF shares rose by 0.74% to $4.11.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 8:15 pm

ORA

Oppenheimer analyst Noah Kaye has maintained an Outperform rating on Ormat Technologies (NYSE:ORA) but has reduced the price target from $84 to $83.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:11 pm