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AAPL

AMZN

DIS

WBD

Elon Musk criticized Apple Inc.'s (NASDAQ:AAPL) new $3,500 Vision Pro mixed reality headset, calling it not a 'moon shot' and mocking its design. Despite Musk's skepticism, Apple is launching the Vision Pro with 600 apps, including major ones like Warner Bros. Discovery's (NASDAQ:WBD) Max, Walt Disney Co.'s (NYSE:DIS) Disney+, and Amazon.com Inc.'s (NASDAQ:AMZN) Prime Video. Analysts have upgraded their outlook for the Vision Pro, with predictions of 600,000 units shipped in 2024.

Portfolio Pulse from Rounak Jain

February 02, 2024 | 9:38 am

NPSCY

Japan is intensifying efforts to communicate its concerns to Donald Trump regarding potential agreements with China that could destabilize Asia. This includes diplomatic dialogues and attempts to arrange meetings with Trump, who has indicated he would block the $14.9 billion acquisition of United States Steel Corporation by Japan's Nippon Steel Corp if re-elected. Japan's worries include possible trade or security agreements with China, weakening U.S. support for Taiwan, and the re-imposition of protectionist trade measures.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 9:30 am

AAPL

Apple Inc. (AAPL) reported a 2% increase in quarterly revenue, reaching $119.6 billion, with significant contributions from the Indian market. The company achieved an all-time high quarter in revenue in India, driven by strong iPhone demand and record-breaking Services segment revenue. Apple's success in India is highlighted by exceeding 10 million units in shipments, despite a stagnant trend in India's smartphone shipments in 2023. The company's focus on offline sales and attractive trade-in deals contributed to this achievement.

Portfolio Pulse from Shomik Sen Bhattacharjee

February 02, 2024 | 9:06 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reduced the prices of its Model Y SUV in Canada by up to 6.9%, aligning its cost with that of the Model 3 sedan. The price cut affects the rear-wheel drive and long-range versions of the Model Y, with reductions of C$4000 (about $2,990). Despite this adjustment, the price of the Model Y Performance remains unchanged. This strategic pricing move comes as the Model Y achieved the status of the world's best-selling vehicle model in 2023, marking a significant milestone as the first EV to achieve this.

Portfolio Pulse from Anan Ashraf

February 02, 2024 | 8:56 am

AAPL

AMZN

HON

MRK

U.S. stocks closed higher with the Dow Jones gaining over 350 points, influenced by positive earnings reports and economic data. Merck & Co and Amazon reported strong financial results, while Honeywell International faced a decline. The Fed maintained interest rates, and economic indicators like jobless claims and manufacturing PMI showed mixed results. Energy stocks underperformed despite overall market gains.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 8:26 am

AAPL

AMZN

BMY

META

XOM

U.S. stock futures are trading higher with focus on Exxon Mobil, Apple, Bristol-Myers Squibb, Amazon, and Meta Platforms ahead of Friday. Exxon Mobil is expected to report earnings of $2.21 per share. Apple reported higher than expected earnings but saw a revenue decline in China. Bristol-Myers Squibb is anticipated to earn $1.53 per share. Amazon reported strong results and provided optimistic revenue and operating income guidance. Meta Platforms announced positive financial results, a new dividend, and a $50 billion share repurchase authorization.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 8:20 am

XOM

Exxon Mobil Corporation (NYSE:XOM) is set to release its Q4 earnings on Feb. 2, 2024, with analysts predicting a decrease in earnings per share from $3.4 to $2.21 and a drop in revenue from $95.43 billion to $85.23 billion year-over-year. Additionally, Exxon Mobil has initiated legal action to prevent a climate proposal from being voted on at its shareholder meeting. Shares fell 0.4% to $102.39. Analysts have revised their ratings and price targets, with changes including upgrades and downgrades.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 7:10 am

ANRO

Alto Neuroscience, Inc. (ANRO) has announced the pricing of its upsized initial public offering (IPO) of 8.04 million shares at $16 per share, aiming to raise approximately $128.6 million before expenses. Additionally, underwriters have a 30-day option to purchase up to 1.206 million more shares at the IPO price, less discounts and commissions.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:03 am

GUTS

Fractyl Health has announced the pricing of its initial public offering (IPO) of 7,333,333 common shares at $15 per share, aiming to raise approximately $110 million. The offering is set to close on February 6, 2024, with an option for underwriters to purchase up to an additional 1,099,999 shares. The IPO's success could signal investor confidence in Fractyl Health's market potential.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 6:30 am

ARKB

FBTC

KRE

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading higher amid fears of U.S. regional banking instability. The SPDR S&P Regional Banking ETF fell 3.12%, reflecting concerns over increased regulatory scrutiny for regional banks. Analysts predict a potential market peak for Bitcoin by October 2025, following historical trends of post-halving rallies. Cathie Wood of Ark Invest highlighted crypto assets' appreciation during banking crises as a hedge against fiat assets. Bitcoin ETFs, including ARKB and FBTC, continue to see significant volume despite recent market corrections.

Portfolio Pulse from Shivdeep Dhaliwal

February 02, 2024 | 6:28 am