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BAC

JPM

WFC

The major U.S. banks JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup reported their Q4 2023 earnings with mixed results due to one-time charges. Bank of America's profit fell short of expectations, while Wells Fargo saw a rise in credit loss provisions and warned of a net interest income drop. JPMorgan Chase reported its best ever annual profit, and Citigroup reported its worst quarter in 14 years but is optimistic about 2024 after restructuring.

Portfolio Pulse from Upwallstreet

January 12, 2024 | 8:42 pm

CHK

SWN

Chesapeake Energy Corp (CHK) shares rose after Citigroup and Mizuho upgraded the stock post its merger with Southwestern Energy Co (SWN). The all-stock deal is valued at $7.4 billion and is expected to yield $400 million in annual synergies, being accretive to financial metrics. Mizuho upgraded CHK to Buy with a $104 target, citing the creation of a shale gas leader and significant cost synergies. Citigroup also upgraded to Buy with a $95 target, highlighting scale and efficiency benefits. B of A Securities maintained a Buy rating with a $120 target, considering the synergies conservative and expecting outperformance due to market changes and competitive scale. CHK's stock is up 3.25% at $82.21.

Portfolio Pulse from Lekha Gupta

January 12, 2024 | 8:34 pm

NFLX

Oppenheimer analyst Jason Helfstein upgraded Netflix Inc's (NASDAQ:NFLX) price target from $475 to $600, a 26% increase, due to surging ad Monthly Active Users (MAUs). MAUs have grown to over 23 million, up from 15 million in November and 5 million in May. This growth suggests higher than expected 4Q net adds and potential for continued subscriber growth into 2024. Helfstein raised his 4Q and FY24 net adds estimates and increased revenue and EBITDA forecasts for FY24 and FY25. He also introduced FY26 estimates and maintained an Outperform rating for NFLX.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 8:31 pm

GOOGL

Over the past 15 years, Alphabet (NASDAQ:GOOGL) has produced an average annual return of 22.19%, outperforming the market by 9.61% on an annualized basis. With a current market capitalization of $1.79 trillion, a $100 investment in GOOGL stock 15 years ago would be worth $1,906.24 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 8:30 pm

NOW

ServiceNow Inc. (NYSE:NOW) has seen its stock increase by 4.41% over the past month and 74.32% over the past year. Currently trading at $727.18, its P/E ratio of 93.86 is higher than the Software industry average of 56.62, which may suggest optimism about future performance or potential overvaluation. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 8:30 pm

AGL

AHG

AONC

CANO

CMAX

CVS

HUM

NVOS

UNH

Shares of health care providers are trading lower following UnitedHealth Group's decline after its Q4 results, indicating a negative market reaction that could affect similar stocks in the sector.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:29 pm

AXNX

Truist Securities analyst David Rescott has downgraded Axonics (NASDAQ:AXNX) from Buy to Hold and reduced the price target from $73 to $71.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:29 pm

NOC

Shares of Northrop Grumman (NOC) are trading higher after the US and UK conducted strikes against Houthi targets in Yemen, indicating increased military activity that could lead to higher defense spending.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:27 pm

ALK

Passengers on an Alaska Airlines flight operated by a Boeing 737 Max 9 filed a class action lawsuit against Boeing due to an emergency landing caused by a plug door blowing out. The incident resulted in physical and emotional trauma for passengers. Boeing's CEO Dave Calhoun acknowledged the defect, and the FAA has opened an investigation into Boeing's safety standards. Boeing shares dropped 2.3% on Friday, totaling a 12.5% loss since the incident. Spirit AeroSystems, a subcontractor, is also facing a separate lawsuit for quality failures.

Portfolio Pulse from Neil Dennis

January 12, 2024 | 8:24 pm

MRVL

Citigroup analyst Atif Malik has reaffirmed a Buy rating on Marvell Technology (NASDAQ:MRVL) and increased the price target from $61 to $75.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:18 pm