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SNV

Synovus Financial Corp. (SNV) reported Q4 adjusted earnings of $0.80 per share, missing the consensus estimate of $0.90 by 11.11%. Year-over-year, earnings decreased by 40.74% from $1.35 per share. Quarterly sales were $488.68M, falling short of the $516.58M estimate by 5.40%, and representing a 19.06% decrease from the previous year's $603.78M.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:13 pm

AAPL

DIS

MASI

Bob Chapek, former CEO of The Walt Disney Company, has joined the Board of Directors at Masimo, a medical technology company currently in a patent battle with Apple Inc. Chapek's experience at Disney, particularly in consumer products and technology, is expected to aid Masimo's growth and their 'hospital to home' strategy. Masimo recently won a patent case against Apple, leading to a ban on certain Apple Watch models, which could impact Apple's sales significantly.

Portfolio Pulse from Chris Katje

January 17, 2024 | 10:12 pm

Alcoa Corp's stock is trading lower after the company reported mixed results for the fourth quarter, along with a 1% sequential decrease in alumina production.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:10 pm

QMCO

Quantum Corporation has announced a plan to regain compliance with Nasdaq listing requirements. The company also indicated that its quarterly report for the third fiscal quarter (10-Q) will be delayed. Quantum expects to receive an extension of up to 180 days from the original due date to regain compliance, which would extend the deadline to May 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:10 pm

BONKUSD

MYROUSD

SHIBUSD

SOLUSD

WIFUSD

Dogwifhat (WIF), a memecoin on the Solana blockchain, has seen a 54% daily gain, reaching a market capitalization of $400 million. This surge has sparked discussions among traders about the potential for WIF to surpass the market capitalization of Shiba Inu (SHIB). Dogwifhat's performance outshined other Solana-based memecoins like Myro (MYRO) and Bonk (BONK), with a significant daily trading volume of $24 million. Traders are setting high price targets for WIF, similar to past targets for Dogecoin (DOGE) and SHIB, but the reliability of such predictions is questionable.

Portfolio Pulse from Ivan Crnogatić

January 17, 2024 | 10:04 pm

HTZ

Hertz Global's stock is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, despite a reduction in the price target from $16 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:50 pm

Alcoa Corporation (NYSE:AA) reported Q4 losses of $0.56 per share, beating analyst estimates but with a year-over-year increase in losses. Sales fell short of expectations at $2.60 billion, a slight decrease from the previous year. Alumina production dropped 1%, while Aluminum production increased by 2%. The company provided a 2024 forecast for Alumina production and shipments. Despite the mixed results and positive outlook, Alcoa's stock fell by 2.79% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 17, 2024 | 9:44 pm

DFS

Discover Financial's stock is trading lower following the release of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:42 pm

ARKB

ARKW

BITO

GBTC

IBIT

PRNT

Cathie Wood's Ark Invest has purchased 365,427 shares of its own ARK 21 Shares Bitcoin ETF (ARKB), which now represents 1% of the ARK Next Generation Internet ETF (ARKW). This move follows the sale of $16 million in ProShares Bitcoin ETF (BITO) by ARKW. Wood has disclosed that Bitcoin makes up at least 25% of her personal net worth, excluding Ark and real estate. The total volume for spot Bitcoin ETFs in three days was $9.68 billion, with iShares Bitcoin Trust (IBIT) leading in fund inflows and Grayscale Bitcoin Trust (GBTC) experiencing significant outflows. Wood has a history of including her own ETFs within other Ark funds, as seen with the 3D Printing ETF (PRNT) in the Ark Space Exploration and Innovation ETF.

Portfolio Pulse from Khyathi Dalal

January 17, 2024 | 9:38 pm

RAMP

LiveRamp, a data connectivity platform, has announced its intention to acquire Habu, a data clean room software provider, in a deal valued at approximately $200 million, to be paid in a combination of cash and stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:36 pm