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EIS

IZRL

The U.S. is backing a peace plan involving Saudi Arabia, Egypt, and other Arab states for a two-state solution between Israel and Palestine. The plan proposes a pathway towards a two-state solution and the return of Israeli hostages held by Hamas. The Israeli government has rejected a separate peace deal, with Prime Minister Netanyahu insisting on a total victory over Hamas. The EU and UN have called for a ceasefire and a two-state solution. The iShares MSCI Israel ETF (EIS) and the ARK Israel Innovative Technology ETF (IZRL) have both recovered from losses incurred after the October attacks, with EIS up 5% and IZRL up 1.1% on Monday.

Portfolio Pulse from Natan Ponieman

January 22, 2024 | 9:38 pm

TCRT

Alaunos Therapeutics has appointed Dale Curtis Hogue as its interim CEO, effective January 20, 2024, according to an SEC filing. Hogue will also continue his role on the company's board.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:38 pm

VRM

Vroom, Inc. (VRM) shares have dropped following the company's announcement that it will cease its ecommerce operations and shut down its used vehicle dealership business.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:35 pm

RBB

RBB Bancorp (NASDAQ:RBB) reported Q4 earnings with an EPS of $0.45, beating estimates by 28.57% but with revenue down $8.28 million from the previous year. The company had previously beaten EPS estimates last quarter, which led to a 4.39% share price increase the following day. Historical earnings performance shows mixed results over the past four quarters.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:35 pm

UAL

United Airlines forecasts a Q1 2024 adjusted EPS of $(0.85)-$(0.35), which is below the $(0.21) estimate. For the full year 2024, the company expects an adjusted EPS of $9.00-$11.00, compared to the $9.58 estimate.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:34 pm

ADM

ALB

GB

GILD

SNPS

SPY

VFC

XLI

The S&P 500, Dow Jones, and Nasdaq 100 hit all-time highs, with the S&P 500 closing at 4,850 points. Ed Yardeni outlined three scenarios for the market's future, with the 'Roaring 2020s' as the most likely. SPDR S&P 500 ETF Trust (SPY) rose to $483.52. Industrials led gains with the Industrials Select Sector SPDR Fund (XLI) up 0.75%, while Utilities and Consumer Staples lagged. V.F. Corporation (VFC), Synopsys Inc. (SNPS), and Albemarle Corp. (ALB) were top performers, whereas Archer-Daniels-Midland Company (ADM), Gilead Sciences Inc. (GILD), and Bunge Limited (GB) were among the worst.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 9:34 pm

UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) reported Q4 earnings of $2.00 per share, beating the consensus estimate of $1.70. Sales reached $13.60 billion, surpassing the expected $13.54 billion and marking a 9.68% increase from the previous year. Capacity increased by 14.7% and average fuel price per gallon decreased by 11.6%. CEO Scott Kirby highlighted the company's achievements and positive outlook. UAL shares rose 6.92% to $41.11 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 22, 2024 | 9:33 pm

UAL

United Airlines forecasts a Q1 adjusted EPS of ($0.85)-($0.35), which is below the estimated $(0.21). However, they project a FY24 adjusted EPS of $9.00-$11.00, compared to the estimated $9.58.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:32 pm

BIDU

Over the past 15 years, Baidu (NASDAQ:BIDU) has delivered an average annual return of 20.93%, outperforming the market by 8.6% on an annualized basis. A $100 investment in BIDU 15 years ago would be worth $1,725.71 today. Baidu's market capitalization currently stands at $34.86 billion.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:31 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has significantly outperformed the market with an average annual return of 30.43% over the past 5 years. A $100 investment in MRVL 5 years ago would be worth $400.63 today. Marvell Tech currently has a market cap of $60.69 billion.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:31 pm