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MSFT

Wedbush analyst Daniel Ives praised Microsoft's fiscal year 2024 second-quarter results, calling it a 'masterpiece quarter' and commended CEO Satya Nadella's guidance. Ives maintained an Outperform rating and a $450 price target for Microsoft. The results were attributed to Microsoft's AI investments, particularly noting the demand for Copilot and a 30% increase in Azure's revenue. Ives expects the results to impact the tech industry and sees AI as a major monetization opportunity for Microsoft.

Portfolio Pulse from Shanthi Rexaline

January 31, 2024 | 7:38 am

TSLA

Tesla CEO Elon Musk apologized for the delay in fixing the auto-wiper issue on Tesla vehicles, responding to a Tesla driver's initial positive feedback on social media. However, the same driver later reported that the problem persists, with other users also noting ongoing issues with the auto-wiper functionality. Despite Musk's previous promise of a software update to address the problem, Tesla drivers continue to experience difficulties with the feature.

Portfolio Pulse from Anan Ashraf

January 31, 2024 | 7:17 am

NVO

Novo Nordisk (NYSE:NVO) exceeded Q4 earnings and sales estimates, with EPS at $0.71 vs. the $0.65 forecast, a 72.93% increase from last year, and sales reaching $9.50B, surpassing the $8.82B estimate, marking a 47.67% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:54 am

ARKK

HOOD

PINS

SOFI

TSLA

ZM

Ark Investment Management, led by Cathie Wood, bought 28,684 Tesla shares worth $5.5 million, continuing its support for the company despite a recent earnings miss. Ark also increased its holdings in Robinhood, Pinterest, and SoFi Technologies, while selling shares of Zoom Video Communications. Ark's Bitcoin ETF purchases were paused after a period of buying since its debut. Tesla remains a key focus for Ark, with a bullish price target of $2,000 by 2027, largely based on the potential of Tesla's robo-taxi service.

Portfolio Pulse from Shanthi Rexaline

January 31, 2024 | 6:47 am

SLB

SLB CEO Olivier Le Peuch reaffirmed the company's 2024 financial guidance despite Saudi Aramco's decision to maintain its Maximum Sustainable Capacity at 12 MMBD instead of increasing it to 13 MMBD. Le Peuch stated that all ongoing oil and gas projects with Saudi Aramco remain intact, with only two offshore oil increment projects being suspended. He emphasized SLB's strong position in the Middle East, with a revenue mix weighted towards onshore and the expanding gas market, and expressed confidence in the global energy demand and the role of international production through 2024 and beyond.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:22 am

BA

Boeing (NYSE:BA) is anticipated to report a narrower Q4 loss of 78 cents per share compared to last year's $1.75 per share. Revenue is expected to be $21.10 billion, up from $19.98 billion. The company withdrew a safety exemption request for its 737 MAX 7 and 10, potentially delaying certification. Shares dropped 2.3% to $200.44. Analysts have revised their ratings and price targets, with accuracy rates ranging from 62% to 72%.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 6:08 am

AAPL

GOOG

MSFT

Microsoft Corporation (NASDAQ:MSFT) reported a significant increase in monthly active users for Xbox PC and mobile platforms, reaching over 200 million, following the acquisition of Activision Blizzard. CEO Satya Nadella highlighted the growth during the second-quarter conference call, attributing it to the expanded gaming user base and compelling content. Microsoft's cloud gaming platform saw a 44% year-over-year increase in hours streamed. The company's Q2 earnings surpassed expectations with an 18% revenue increase, partly due to a 61% rise in Xbox content and services revenue. Microsoft is also challenging Apple (AAPL) and Alphabet (GOOG, GOOGL) in mobile gaming and is planning to launch an Xbox mobile gaming store.

Portfolio Pulse from Ananya Gairola

January 31, 2024 | 5:22 am

AAPL

Ahead of Apple Inc.'s Q1 results, Wedbush analyst Daniel Ives predicts a beat despite growing bearish sentiment. Ives expects focus on iPhone revenue, Services performance, and commentary on China, where iPhone demand remains stable despite competition from Huawei. He anticipates iPhone unit growth and an increase in average selling price in FY24, countering the 'growth demise story'. Ives also forecasts strong sales for the Vision Pro headset, maintaining an Outperform rating and a $250 price target for Apple stock.

Portfolio Pulse from Shanthi Rexaline

January 31, 2024 | 5:15 am

EWA

Australia's Consumer Price Index (CPI) for Q4 came in at 0.6%, lower than the estimated 0.8% and the previous 1.2%. This indicates a slower pace of inflation than expected.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:14 am

ETH-USD

Ethereum co-founder Vitalik Buterin discussed the potential of AI in the cryptocurrency space, highlighting its current use in trading bots and future applications in prediction markets and user guidance. He also pointed out the risks of AI, such as vulnerability to manipulation and increased computational demands. Buterin remains optimistic about AI's constructive use cases in crypto. Meanwhile, Ethereum's price was up 1.13% at $2,340.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 5:12 am