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AVBP

ArriVent BioPharma's stock is indicating a price of $23.50 with a volume of 269,845 shares.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:58 pm

BTSG

BrightSpring Health Services shares are indicating a price of $12.39 with a volume of 2.820 million shares.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:52 pm

AVBP

ArriVent BioPharma's stock is indicating a price of $23.00, with a volume of 269,420 shares being traded.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:52 pm

UNP

Union Pacific Corporation (NYSE:UNP) reported Q4 FY23 results surpassing consensus estimates with operating revenue of $6.159 billion and EPS of $2.71. Despite better results, the company faces a muted volume outlook for 2024 due to loss in international intermodal business, lower coal demand, and soft economic conditions. Union Pacific plans a $3.4 billion capital investment for 2024. Following the report, analysts at BMO Capital, RBC Capital, and JP Morgan revised their price targets for UNP, with BMO Capital increasing it to $275, RBC Capital decreasing it to $272, and JP Morgan lowering it to $237. UNP shares dropped 1% to $239.20.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 4:52 pm

AAL

AMSC

DWAC

LVTX

VERA

Benzinga's Stock Whisper Index highlighted five stocks: AAL, DWAC, VERA, AMSC, and LVTX. AAL reported strong Q4 results, beating estimates and receiving analyst upgrades, with shares up 13% in five days. DWAC shares hit two-year highs after Trump's primary wins and DeSantis' endorsement, with a SPAC merger deadline extended to March 8, 2024. VERA shares soared after positive Phase 2b trial results, leading to analyst upgrades and a 95% weekly gain. AMSC reported a 60% YOY revenue increase in Q3 and strong demand for new energy power systems. LVTX shares rose 40% after announcing a clinical trial collaboration with MRK for a prostate cancer treatment.

Portfolio Pulse from Chris Katje

January 26, 2024 | 4:50 pm

FCNCA

First Citizens BancShares Inc (NASDAQ:FCNCA) reported Q4 FY23 results with revenue of $1.91 billion, missing consensus estimates of $2.38 billion. Net interest income increased to $1.91 billion from $802 million a year ago, with improved margins. The CET 1 ratio improved to 13.36% from 10.08% a year ago. Adjusted EPS of $46.58 missed the consensus of $47.98. The provision for credit losses was $249 million, up from $79 million a year ago. Loans and leases totaled $133.30 billion, and deposits were $145.85 billion. A quarterly dividend of $1.64 per share was declared, payable on March 15, 2024. Despite missing revenue and EPS estimates, FCNCA shares surged 4.83% to $1,480.57.

Portfolio Pulse from Lekha Gupta

January 26, 2024 | 4:49 pm

INTC

Rosenblatt analyst Hans Mosesmann has reiterated a Sell rating on Intel Corporation (NASDAQ:INTC) and maintained a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:42 pm

AAL

DAL

JBLU

LUV

SAVE

UAL

Spirit Airlines (NYSE:SAVE) stock dropped 18% on Friday after JetBlue Airways (NASDAQ:JBLU) reported it could not meet all conditions of their $3.8 billion merger deal by the deadline. The deal, which faces antitrust challenges, may be terminated after January 28, 2024. Spirit's shares have fallen over 60% since the antitrust ruling. JetBlue would owe Spirit $70 million or $400 million to shareholders if the merger fails. Spirit anticipates Q4 2023 revenue at the high end of guidance, expecting $1.32 billion against a $1.31 billion consensus. As of December 31, 2023, Spirit had $1.3 billion in liquidity.

Portfolio Pulse from Anusuya Lahiri

January 26, 2024 | 4:41 pm

BAH

Booz Allen Hamilton Holding Corp (NYSE:BAH) reported strong third-quarter fiscal 2024 results, with a 12.9% year-on-year sales growth to $2.57 billion, surpassing the consensus of $2.54 billion. Adjusted EPS increased to $1.41 from $1.07, beating the consensus of $1.14. Operating margin improved significantly, and the company raised its quarterly dividend by $0.04 to $0.51 per share. Booz Allen also raised its FY24 outlook for sales growth, adjusted EPS, adjusted EBITDA, and operating cash flow. BAH shares surged 13.1% to $145.76 following the positive report.

Portfolio Pulse from Akanksha Bakshi

January 26, 2024 | 4:28 pm

DWAC

Shares of Digital World Acquisition Corp. (DWAC) are experiencing increased volatility due to recent successes of Donald Trump in GOP primaries and the ongoing civil defamation trial involving Trump. Trump-related stocks, including DWAC, are reacting to these political and legal events.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:28 pm