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VNTRD

Vertex Energy updated its Q4 2023 outlook, with conventional throughput volumes at 67,000 bpd, slightly below the forecasted 68,000-71,000 bpd. Renewable throughput volumes are expected at 3,900 bpd, at the lower end of the 4,000-6,000 bpd range, and renewable production yield is projected at 96%, slightly below the 97%-98% forecast. The company also reported a 40% decline in average Q4 crack spreads on finished refined products compared to Q3.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:33 am

COIN

JP Morgan analyst Kenneth Worthington downgraded Coinbase Global (NASDAQ:COIN) from Neutral to Underweight and set a price target of $80.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:32 am

MMM

3M (NYSE:MMM) reported Q4 adjusted earnings per share (EPS) of $2.42, surpassing the consensus estimate of $2.31 by 4.76%. This represents an 11.01% increase from the $2.18 EPS reported in the same quarter last year. However, 3M's quarterly sales of $7.69 billion fell slightly short of the expected $7.70 billion, a marginal miss by 0.09%, and a 4.78% decrease from the $8.08 billion reported in the previous year's comparable quarter.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:32 am

DHI

D.R. Horton (NYSE:DHI) reported Q1 2024 earnings per share (EPS) of $2.82, missing the consensus estimate of $2.88 by 2.08%. However, the company's quarterly sales of $7.73 billion exceeded expectations of $7.60 billion by 1.71% and marked a 6.45% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:31 am

DHI

D.R. Horton (NYSE:DHI) reported Q1 sales of $7.73 billion, surpassing the analyst consensus estimate of $7.60 billion by 1.71% and marking a 6.45% increase from $7.26 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:30 am

JPM

SPY

JPMorgan Chase & Co. strategists remain bearish on the S&P 500 despite its record highs, citing 'lackluster' earnings and elevated valuations as concerns. They predict a potential 13% decline in the S&P 500 to a year-end target of 4,200, warning of risks from consumer companies, high AI expectations, and the possibility of sustained high interest rates.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 11:25 am

GE

GE (General Electric) reported a 7% year-over-year increase in Q4 orders, totaling $21.7 billion. This indicates a positive trend in demand for GE's products and services.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:23 am

JNJ

Johnson & Johnson (NYSE:JNJ) exceeded Q4 earnings and sales estimates with an EPS of $2.29, surpassing the $2.28 forecast, and reported sales of $21.39B, beating the $20.99B estimate. This reflects an 11.71% increase in EPS from last year, despite a 9.75% decrease in sales from the same period.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:22 am

FOR

Forestar Group (NYSE:FOR) reported Q1 earnings of $0.76 per share, surpassing the consensus estimate of $0.50 by 52%. Year-over-year, earnings rose by 80.95% from $0.42 per share. Quarterly sales reached $305.90M, exceeding estimates by 12.31% and marking a 41.16% increase from the previous year's $216.70M.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:11 am

AAPL

Apple Inc. has implemented a 27% commission fee on sales from links clicked in iOS apps, drawing criticism from developers and Ark Invest analyst Andrew Kim. This move, following a partial victory against Epic Games in an antitrust lawsuit, is seen as potentially alienating developers and undermining the court's order, according to Epic Games CEO Tim Sweeney. Critics, including Ruby on Rails creator David Heinemeier Hansson, have labeled Apple as 'Enemy Number 1' for developers, comparing its tactics to past Microsoft practices.

Portfolio Pulse from Rounak Jain

January 23, 2024 | 11:10 am