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W

Wayfair's stock price has increased following the announcement of a workforce realignment plan last week.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:18 pm

BTCUSD

Morgan Stanley reports that 111 countries are exploring CBDCs, which could challenge the U.S. dollar's global dominance. The report notes CBDCs' potential for innovation in financial services and the shift towards reducing dollar-dependency, fueling interest in digital currencies like Bitcoin, stablecoins, and CBDCs. The geopolitical and economic landscape may prompt a reevaluation of the U.S. stance on CBDCs.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 4:18 pm

ADM

Barclays analyst Benjamin Theurer has downgraded Archer-Daniels Midland (ADM) from Overweight to Underweight and set a price target of $60. This change in rating could influence ADM's stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:11 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is set to report Q4 earnings on Jan. 23 with expectations of $2.22 EPS and $8.71 billion in revenues. Analysts will focus on the impact of reduced per-member revenue and higher costs, as well as the effectiveness of 2023 strategies like password sharing crackdown and ad-based subscriptions. The stock is currently rated a Buy with a target price of $452.11, and it was trading at $488.25.

Portfolio Pulse from Surbhi Jain

January 22, 2024 | 4:08 pm

MSM

MSC Industrial Direct Co Inc (NYSE:MSM) has acquired KAR Industrial Inc., a Canadian metalworking tools and accessories distributor. KAR, with an estimated 2023 revenue of $16 million, will continue to operate under its current names and management. MSC plans to enhance KAR's offerings with its extensive product portfolio and E-commerce platform. MSM shares rose 0.94% to $97.92 following the announcement.

Portfolio Pulse from Akanksha Bakshi

January 22, 2024 | 4:03 pm

CCL

RCL

Royal Caribbean Cruises Ltd. (NYSE:RCL) has built the world's largest cruise ship, the Icon of the Seas, which will set sail from Miami with week-long cruises to the eastern Caribbean. The ship features unique amenities, including eight neighborhoods, an Aquadome, and various entertainment options. Despite the debate on social media regarding its environmental impact and symbolism of 'late-stage capitalism,' the ship offers affordable vacation options starting at $1,700 per week. RCL's stock has risen over 53% since October and 423% since its COVID-19 low, while Carnival Corp. (NYSE:CCL) has seen less growth, remaining stagnant since April 2020.

Portfolio Pulse from Caleb Naysmith

January 22, 2024 | 4:02 pm

LRN

Stride (NYSE:LRN) is expected to report an EPS of $1.31 in its upcoming quarterly earnings on Tuesday, 2024-01-23. Investors are looking for a beat on this estimate and positive guidance for future growth. Historically, Stride has seen significant share price movements following earnings beats, with last quarter's beat resulting in an 18.02% share price increase. Over the past year, Stride's shares have risen by 95.72%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

CNI

Canadian National Railway (NYSE:CNI) is expected to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $1.46. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CNI's stock price has shown sensitivity to earnings performance and guidance rather than just earnings beats or misses. Last quarter, CNI beat the EPS estimate by $0.01, resulting in a 0.54% stock price increase the following day. Over the past year, CNI shares have risen by 1.39%, with the stock currently trading at $126.15.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

STLD

Steel Dynamics (NASDAQ:STLD) is scheduled to release its quarterly earnings report on Tuesday, 2024-01-23, with analysts estimating an EPS of $2.66. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, STLD missed EPS estimates by $0.01, resulting in a 4.07% share price drop the following day. Over the last 52 weeks, STLD shares have increased by 5.67%, trading at $112.86 as of January 19.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

F

The article provides a performance comparison of Ford Motor Co (NYSE:F) against its competitors in the Automobiles industry. It highlights Ford's lower-than-average financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Ford's market share is expected to increase post-chip shortage, and it operates its combustion engine and BEV businesses separately. The company's high debt-to-equity ratio is noted as a potential risk. The analysis suggests Ford may be undervalued but faces challenges in profitability and growth.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm