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Stock Prices

PPL

Barclays analyst Nicholas Campanella has maintained an Equal-Weight rating on PPL Corporation (NYSE:PPL) and increased the price target from $25 to $27.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:25 pm

DLR

Digital Realty Trust (DLR) shares rose following the announcement of the expansion of its ServiceFabric platform. Additionally, Scotiabank upgraded DLR from Sector Perform to Sector Outperform with a $157 price target.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:23 pm

M

Macy's Inc (NYSE:M) has rejected a $5.8 billion takeover bid from Arkhouse Management Co LP and Brigade Capital Management LP at $21.00 per share due to concerns over the financing plan's viability and lack of compelling value for shareholders. The Board will not provide due diligence information to the bidders. Macy's is not in sales talks and seeks a buyer with strong financing and a track record in retail buyouts. The company also announced a 13% corporate workforce reduction and the closure of five stores.

Portfolio Pulse from Vandana Singh

January 22, 2024 | 3:18 pm

GNS

Genius Group Ltd (NYSE:GNS) shares surged after the company provided strong FY24 guidance, projecting annual revenue of $58 million-$60 million, which is significantly higher than the consensus of $33.47 million. The expected revenue represents a 110% year-over-year increase, driven by growth in its AI-driven EdTech platform and entrepreneurial education courses. The company also anticipates an adjusted EBITDA of $2.5 million-$3.0 million and a 67% increase in student and user numbers to 9.5 million-10 million. Following revised FY23 guidance indicating 43% to 60% revenue growth, CEO Roger Hamilton emphasized the importance of technology and education in 2024. Additionally, Genius Group reported a 120.76% growth in first-half revenue compared to the previous year and recently closed an $8.25 million public offering. GNS shares rose 7.02% to $0.3125.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 3:16 pm

UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) is anticipated to report lower Q4 earnings at $1.70 per share compared to $2.46 per share in the previous year. Revenue is expected to be $13.54 billion, up from $12.4 billion. The company announced a $2.6 billion renovation of Terminal B at IAH. UAL shares dropped 2.4% to $38.82. Analysts have revised their price targets and ratings, with the most accurate analysts having accuracy rates ranging from 62% to 66%.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:15 pm

DDOG

Datadog's stock (DDOG) is trading higher following Citigroup's reaffirmation of a Buy rating and an increase in the price target from $125 to $150.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:15 pm

NIO

NIO Inc (NASDAQ:NIO) shares are experiencing volatility due to the broader decline in Chinese markets, which hit 15-month lows. The Hang Seng index dropped 2.3%, marking its worst start since 2016. China's banks held loan prime rates steady, disappointing investors hoping for economic stimulus. Nio's stock faced additional pressure from competitors like Tesla cutting prices in China. Nio's shares are down over 26% in the last month and were trading lower by 0.33% at $6.04 at the time of publication.

Portfolio Pulse from Adam Eckert

January 22, 2024 | 3:15 pm

FSR

NVVE

PCSA

RVSN

SGMT

VIRI

U.S. stocks opened higher with the Nasdaq Composite gaining around 100 points. The Dow and S&P 500 also saw increases. Real estate shares led the gains, while consumer staples fell. Sagimet Biosciences, Rail Vision, and Fisker saw significant stock price increases, while Virios Therapeutics, Processa Pharmaceuticals, and Nuvve Holding experienced declines. The US leading index fell less than expected in December. Oil prices rose, and gold saw a slight decline.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:15 pm

GURU

SPY

LCH Investments reports that elite hedge funds delivered $67 billion to investors in 2023, tripling the previous year's returns. Top funds outperformed the industry average with a 10.5% gain. TCI Fund Management led by Sir Christopher Hohn topped the ranking with $12.9 billion in gains, followed by Citadel and Viking Global. Bridgewater Associates reported losses. The Global X Guru ETF (GURU) underperformed the SPDR S&P 500 ETF Trust (SPY) with an 18.6% return compared to SPY's 24.3% gain.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 3:13 pm

PG

Procter & Gamble Co (NYSE:PG) is set to report its Q2 earnings before market hours on Tuesday, with expectations of $1.70 EPS and $21.47 billion in revenue. P&G is recognized for its robust business model and resilience across its five business segments. The company has shifted focus from price increases to volume growth through innovation, which has shown positive results in the U.S. last quarter. P&G's financial strength is further supported by strong EPS growth, operational efficiency from its supply chain 3.0 program, and a reliable dividend yield. Analysts are focusing on P&G's positioning for 2024, considering the economic slowdown and potential lower rates from the Federal Reserve. The stock is currently rated as a Buy with a consensus price target of $150.92, while it recently dipped 0.5% to $146.82.

Portfolio Pulse from Surbhi Jain

January 22, 2024 | 3:11 pm