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NCLH

Norwegian Cruise Line Holdings' stock (NCLH) is trading lower following a downgrade by Wells Fargo from Overweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:10 pm

BALY

Bally's Corporation's stock (BALY) is trading lower following a downgrade by Wells Fargo from Equal-Weight to Underweight.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:09 pm

GIL

UBS analyst Jay Sole has downgraded Gildan Activewear (NYSE:GIL) from Buy to Neutral and reduced the price target from $40 to $37, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:09 pm

PSNL

Personalis, Inc. (NASDAQ:PSNL) reported preliminary Q4 revenue of $19.7M, slightly above the $19.62M estimate, and FY23 revenue of $73.5M, also above the $73.41M estimate. Q4 revenue increased by 18% year-over-year, and FY23 revenue by 13%. The company's cash balance is estimated at $114M, expected to last until Q1 2026 due to cost-cutting measures saving $35M annually. Personalis highlighted its achievements, including launching NeXT Personal Dx, expanding research collaborations, and a new partnership with Tempus.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:08 pm

AAPL

AMT

COST

MSFT

SPCE

TSLA

Cryptocurrencies Bitcoin, Dogecoin, and Ethereum are experiencing a rebound amid renewed hopes for a spot ETF, with predictions of Bitcoin potentially reaching $57K. Apple Card has increased its Annual Percentage Yield from 4.25% to 4.35%. In US markets, investor sentiment is down ahead of the jobs report, with the Nasdaq falling for the fifth consecutive day. US politics are focused on Trump's influence and legal challenges. World politics highlight North Korea's military actions and Russia's procurement of missiles. The world economy sees a record-breaking tuna sale in Tokyo. In tech, Apple Card raises its yield, Microsoft phases out WordPad, and Apple suppliers invest to reduce Chinese dependence. Tesla faces recalls and strikes, while Costco sees a sales jump. American Tower sells Indian assets for $2.5B, and SpaceX sues the US Labor Board over layoffs.

Portfolio Pulse from Akanksha Bakshi

January 05, 2024 | 2:05 pm

VRTS

Virtus Investment Partners (VRTS), a multi-boutique asset management firm, is transferring its common stock listing from NASDAQ to NYSE. The transfer will take place after market close on January 16, with VRTS shares trading on NYSE from January 17, retaining the same ticker symbol. Virtus, celebrating its 15th anniversary as an independent public company, manages $165.5 billion in assets as of November 30, 2023. The move to NYSE is aimed at providing long-term value for shareholders and joining many leading financial institutions.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:03 pm

AAPL

NVDA

TCEHY

TSM

Huawei's new laptop, the Qingyun L540, uses a 5-nanometer chip made by Taiwan Semiconductor Manufacturing Co (TSMC) in 2020, refuting claims of Chinese chipmaker SMIC's advanced fabrication capabilities. Despite U.S. sanctions, Huawei had previously released a smartphone with a 7nm processor by SMIC. Huawei's technological progress, including the Mate 60 smartphone, has helped it compete with companies like Apple and challenge Western tech reliance. Huawei's use of an older TSMC chip suggests stockpiling efforts due to U.S. restrictions. TSM shares saw a slight premarket decline.

Portfolio Pulse from Anusuya Lahiri

January 05, 2024 | 2:02 pm

ACCD

Accolade (NASDAQ:ACCD) is expected to release its quarterly earnings report on January 8, 2024, with an estimated EPS of $-0.45. Investors are looking for an earnings beat and positive guidance for the next quarter. Despite beating EPS estimates last quarter, Accolade's stock dropped 13.13% the following day. The company's stock performance has been positive over the last 52 weeks, with shares up 44.44%, trading at $11.18 as of January 3.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm

HELE

Helen Of Troy (NASDAQ:HELE) is expected to release its quarterly earnings report on Monday, 2024-01-08, with an estimated EPS of $2.75. Investors are looking for an earnings beat and positive guidance for future growth. In the past, HELE's stock price has reacted to both earnings outcomes and guidance. Last quarter, HELE beat the EPS estimate by $0.10, leading to a 1.82% stock price increase the following day. Over the last year, HELE shares have slightly declined by 0.11%.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm

WEC

Over the past 20 years, WEC Energy Group (NYSE:WEC) has delivered an average annual return of 8.56%, outperforming the market. A $1000 investment in WEC stock 20 years ago would be worth $5,161.91 today. WEC Energy Group currently has a market cap of $27.10 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm