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AMZN

Mizuho analyst James Lee predicts a significant expansion for Amazon in cloud and retail sectors, expecting a boom in 2024. He maintains a Buy rating on Amazon (NASDAQ:AMZN) with a price target of $220. Lee foresees accelerated growth for AWS in FY24, with enterprises planning large-scale data migrations to the cloud. He also anticipates retail margin expansion due to delivery network regionalization and new initiatives like inbound delivery decentralization and Buy with Prime. Despite a lower Q4 revenue and EPS projection compared to consensus, Lee expects a 20% revenue growth and margin expansion for Amazon in FY24.

Portfolio Pulse from Anusuya Lahiri

January 17, 2024 | 7:24 pm

JMP Securities analyst Matthew Carletti has reiterated a 'Market Outperform' rating on Chubb Limited (NYSE:CB) and maintained a price target of $250. This endorsement reflects a positive outlook on Chubb's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:23 pm

SKWD

JMP Securities analyst Matthew Carletti has reaffirmed a Market Outperform rating on Skyward Specialty (NASDAQ:SKWD) and increased the price target from $35 to $38.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:22 pm

ALB

SQM

Albemarle Corporation (NYSE:ALB) sold its 4% stake in Liontown Resources after an unsuccessful attempt to take over the company. The sale was managed by JPMorgan, resulting in a drop in Liontown's share price. Albemarle's interest had previously driven Liontown's share price up, but resistance from Gina Rinehart and subsequent withdrawal of the takeover bid led to a significant price drop. Liontown continues to focus on its lithium projects, Kathleen Valley and Buldania, in Western Australia. Goldman Sachs Group (NYSE:GS) and Timothy Rupert Goyder increased their holdings in Liontown, while Albemarle's exit ends speculation of a partnership similar to the one Rinehart arranged with Azure Minerals and SQM (NYSE:SQM).

Portfolio Pulse from Stjepan Kalinic

January 17, 2024 | 7:21 pm

HRTG

JMP Securities analyst Matthew Carletti has maintained a Market Outperform rating on Heritage Insurance Holdings (NYSE:HRTG) and increased the price target from $6 to $7.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:17 pm

BFRG

DATS

DWAC

MIMO

PHUN

SCHW

TSP

U.S. stocks fell, with the Dow Jones dropping over 150 points. Charles Schwab (SCHW) reported Q4 earnings with an EPS of 68 cents, beating estimates but with a 19% revenue decline. Airspan Networks (MIMO), Digital World Acquisition Corp. (DWAC), and Bullfrog AI Holdings (BFRG) saw stock price surges due to partnership news and political developments. Conversely, TuSimple Holdings (TSP), Phunware (PHUN), and DatChat (DATS) experienced significant stock price declines due to delisting intentions and pricing of public offerings.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 7:16 pm

ALK

DAL

LUV

SAVE

UAL

A part involved in the recent blowout of a Boeing 737 MAX 9 operated by Alaska Airlines was manufactured in Malaysia, according to an official. The incident is under investigation, and the findings could have implications for Boeing and its customers, which include airlines like Delta Air Lines (DAL), Hawaiian Airlines (HA), Southwest Airlines (LUV), Spirit Airlines (SAVE), and United Airlines (UAL).

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:12 pm

BFRG

Bullfrog AI shares have seen an uptick following the announcement of promising early results from their collaboration with the Lieber Institute for Brain Development. The news suggests potential positive developments in their joint research endeavors, which could be driving investor optimism.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:05 pm

NEM

SBSW

WPM

Shares of precious metals companies are trading lower due to a decline in gold prices, which is attributed to a strengthening US dollar.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:05 pm

STXUSD

Stacks (CRYPTO: STX) has seen a 3.53% price drop in the last 24 hours, continuing a weekly downward trend with a 14.0% loss. The volatility is highlighted by the Bollinger Bands in the provided chart. Trading volume has decreased by 86.0%, while the circulating supply slightly increased by 0.1%. Stacks's market cap is currently $2.24 billion, ranking it 42nd.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 7:03 pm