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SPY

USO

The U.S. Energy Information Administration (EIA) reported that oil production from the Eagle Ford region is expected to decrease by 2,000 barrels per day in February, reaching 1.147 million barrels per day, compared to a decline of 1,400 barrels per day in January.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:31 pm

ALK

BA

UAL

Alaska Airlines and United Airlines have extended cancellations of Boeing 737 Max 9 flights through Wednesday, according to Reuters. This decision may affect the operational schedules and customer bookings of both airlines, as well as reflect on Boeing's ongoing challenges with the 737 Max series.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:24 pm

PBLA

Panbela Therapeutics' stock price is trading lower following the announcement of a 1-for-20 reverse stock split. This corporate action often indicates an attempt to boost the share price to meet exchange listing requirements or to attract new investors by reducing the number of shares outstanding, which can sometimes be perceived negatively by the market.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:21 pm

HD

LOW

Wedbush analysts upgraded Home Depot Inc (HD) from Neutral to Overweight, raising the price target from $311 to $400. Analyst Peter Keith predicts Home Depot will outperform the market and its rival Lowe's Companies Inc (LOW), citing higher home equity extraction activity and the company's focus on professional customers and complex capabilities. Keith expects strong comparable store growth for Home Depot in the second half of 2024, accelerating in 2025 as large remodel spending rebounds.

Portfolio Pulse from Priya Nigam

January 16, 2024 | 6:19 pm

SAVE

Trading in shares of Spirit Airlines (SAVE) has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:19 pm

AA

APLD

BA

MS

Morgan Stanley (NYSE:MS) reported Q4 earnings with a net profit of $1.5 billion, down from $2.2 billion the previous year, but beat revenue expectations with $12.9 billion. The stock fell 4.6%. Other stocks also moved lower, including Spirit Airlines (SAVE), Gol Linhas (GOL), Applied Digital (APLD), and Boeing (BA), among others, due to various factors such as poor financial results, analyst downgrades, and restructuring plans.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 6:17 pm

JBLU

Shares of JetBlue Airways are trading higher following a federal judge's decision to block the airline's acquisition of Spirit Airlines.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:16 pm

CHT

Chunghwa Telecom Inc. (NYSE:CHT) saw a 1.50% decrease in its share price to $38.07 in the current market session. Over the past month, the stock had a marginal increase of 0.05%, but it experienced a slight decline of 0.34% over the past year. The company's P/E ratio is lower than the industry average, which could indicate either potential undervaluation or a lack of shareholder confidence in future growth. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative factors.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 6:15 pm

JBLU

SAVE

A federal judge has blocked JetBlue Airways' attempt to acquire Spirit Airlines, resulting in a decline in Spirit Airlines' share price.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:15 pm

SAVE

Shares of Spirit Airlines were halted due to a circuit breaker triggered by upside movement, but the stock is currently down 57%.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:14 pm