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MKL

Markel Group's shares are trading lower following the announcement of their 2023 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:40 pm

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) reported mixed Q4 FY23 results with a 27.8% Y/Y sales growth to $3.33 billion, slightly missing estimates, but an adjusted EPS of $1.25 beating expectations. Despite initial gains, RCL shares dropped 0.85% to $126.42. The company saw increased passenger ticket revenues and operating income, with a notable occupancy rate of 105.4%. Looking ahead, Royal Caribbean provided a positive outlook for Q1 and full-year 2024, expecting significant increases in net yields and adjusted EPS above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 3:38 pm

RILY

The Bear Cave published a short report titled 'Problems at a Billion Dollar Mess', focusing on B. Riley Financial (RILY). The report likely highlights significant issues within the company, suggesting a negative outlook.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:37 pm

BTCUSD

Chris Burniske, former ARK Invest cryptocurrency lead, predicts Bitcoin (BTC) will likely consolidate further, despite its recent 5.8% week-over-week increase. Burniske, who previously predicted a mid $20Ks level for Bitcoin, reiterated his bearish outlook on X (formerly Twitter). This comes amid a backdrop of $53.6 million in Bitcoin liquidations in the past 24 hours and comments from Cryptoquant's CEO about Bitcoin miners selling, which could lead to sideways market movement for a few months. Additionally, a Scimitar Capital executive noted low trading volume for spot Bitcoin ETFs, suggesting that ETFs could offset daily miner supply post-next halving in April 2024.

Portfolio Pulse from Khyathi Dalal

February 01, 2024 | 3:36 pm

TM

Toyota Motor North America reported a significant increase in its U.S. sales for January, with a total of 165,753 vehicles sold, marking a 23.3% rise on a volume basis according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:36 pm

BALL

Ball Corp (NYSE:BALL) reported a Q4 fiscal 2023 net sales decline of 4.1% Y/Y to $3.40 billion, missing consensus estimates. Despite this, comparable operating earnings increased by 58% Y/Y to $425 million, and adjusted EPS rose to $0.78 from $0.44, beating consensus. The decline in sales was attributed to disruptions in a U.S. mass beer brand, affecting the Beverage packaging, North and Central America segment. BALL announced plans to halt production at its Kent, Washington facility to align supply with demand. The company expects volume recovery and cost management improvements in 2024, aiming for EPS growth and strong free cash flow generation. BALL shares dropped 1.23% to $51.50.

Portfolio Pulse from Akanksha Bakshi

February 01, 2024 | 3:35 pm

DFS

Over the past 15 years, Discover Financial Services (NYSE:DFS) has produced an average annual return of 19.11%, outperforming the market by 6.96%. A $100 investment in DFS 15 years ago would now be worth $1,481.23. Discover Financial currently has a market capitalization of $26.53 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 3:30 pm

PNC

PNC Financial Services Group Inc. (NYSE:PNC) saw a 0.52% increase in its stock price to $152.00 in the current market session. Despite this, the stock has decreased by 2.57% over the past month and 10.15% over the past year. The company's P/E ratio of 11.82 is lower than the Banks industry average of 14.16, suggesting it might be undervalued or expected to perform worse than its peers.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 3:30 pm

CB

Over the past 20 years, Chubb (NYSE:CB) has delivered an average annual return of 10.07%, outperforming the market by 2.59% annually. With a current market capitalization of $99.30 billion, an initial investment of $100 in CB stock would have grown to $678.06 today.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 3:30 pm

ETSY

Etsy's stock price increased following the announcement of Marc Steinberg from Elliott Investment Management joining its board.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:28 pm