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Comcast Corporation's Peacock streamed the most-watched livestreamed event in U.S. history with the NFL Playoffs game between the Miami Dolphins and Kansas City Chiefs. The game averaged 23 million viewers and peaked at 24.6 million. Comcast also aired the Cleveland Browns vs. Houston Texans game, which was the most-watched Saturday NFL Wild Card game on NBC since 2014. The NFL's move towards streaming exclusives, including Amazon's 'Thursday Night Football', indicates a shift in how fans consume sports. Comcast benefits from strong NFL viewership, with six of the top 10 most-watched primetime broadcasts in 2023. The company has one more NFL Playoffs game to air and will report Q4 financial results on Jan. 25, which may reflect the impact of NFL rights on its performance.

Portfolio Pulse from Chris Katje

January 16, 2024 | 5:54 pm

AAPL

AMZN

DIS

Walt Disney Co (DIS) is in talks with the NFL to give the league a minority stake in ESPN. Needham analyst Laura Martin believes this could add value to both parties but emphasizes the final deal terms are crucial. Martin maintains a Hold rating on Disney and predicts the deal could help Disney compete with Amazon (AMZN) and Apple (AAPL) for sports rights by offering equity instead of just cash. She maintains her Q1 2024 revenue estimate for Disney at $24.2 billion but lowers adjusted EPS estimates by 16% to $1.02. DIS shares saw a slight increase of 0.64% to $90.94.

Portfolio Pulse from Anusuya Lahiri

January 16, 2024 | 5:54 pm

QRVO

Barclays analyst Tom O'Malley has maintained an Equal-Weight rating on Qorvo (NASDAQ:QRVO) and increased the price target from $95 to $100.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:54 pm

AMD

Shares of AMD are trading higher following price target increases by analysts at KeyBanc and Barclays.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:52 pm

RKT

Citigroup analyst Ashwin Shirvaikar has downgraded Rocket Companies (NYSE:RKT) from Neutral to Sell, while also raising the price target from $9 to $10.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:50 pm

AVB

Truist Securities analyst Michael Lewis has downgraded AvalonBay Communities (NYSE:AVB) from Buy to Hold while slightly increasing the price target from $202 to $203.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:48 pm

NOMD

Barclays analyst Lauren Lieberman has maintained an Overweight rating on Nomad Foods (NYSE:NOMD) and increased the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:47 pm

BABA

BIDU

Alibaba Group Holding Limited (NYSE:BABA) shares have declined over 9% in January. The drop is partly attributed to broader market concerns following a report that Baidu, Inc.'s (NASDAQ:BIDU) AI platform is being tested by a university with ties to the Chinese military. Alibaba is also beta testing new AI tools for merchants. BABA's stock is trading below its 50-day moving average and its 52-week high. The company has a forward P/E ratio of 7.37, lower than its peers' average of 21.37, and has shown an average annual revenue growth of 20.74% over the past 5 years.

Portfolio Pulse from Erica Kollmann

January 16, 2024 | 5:45 pm

AAPL

Apple Inc (NASDAQ:AAPL) stock is trading lower after the company announced a price cut for iPhones in China to boost demand. The discount of up to 500 yuan ($70) is part of a Lunar New Year promotion. Early sales of iPhone 15 models in China are reportedly worse than previous models due to competition and government restrictions. The U.S. Supreme Court also declined Apple's appeal in the Epic v. Apple antitrust case. Meanwhile, Apple previewed its new Apple Vision Pro, launching on Feb. 2, featuring advanced technology for immersive entertainment experiences.

Portfolio Pulse from Adam Eckert

January 16, 2024 | 5:44 pm

AULT

Ault Alliance has announced a 1-for-25 reverse stock split of its common stock, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:44 pm