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Analyst Ratings

GRAM

STHZF

California's cannabis market, six years post-legalization, faces challenges like oversupply and illicit trade, impacting financial expectations despite generating $5.7 billion in taxes. StateHouse Holdings (OTC:STHZF) and Gold Flora (OTC:GRAM) are highlighted as key players, with Zuanic & Associates providing analysis. StateHouse faces revenue drops and debt concerns, while Gold Flora thrives amid market consolidation with strong financials and strategic expansion. The market sees price pressures and a trend towards consolidation, with a few brands dominating. The upcoming Benzinga Cannabis Conference in Los Angeles aims to connect industry leaders and investors.

Portfolio Pulse from Nicolás Jose Rodriguez

February 06, 2024 | 4:26 am

SPY

Jim Cramer, host of CNBC's 'Mad Money', recommends investors to buy stocks before the Federal Reserve cuts rates, despite other financial experts warning of a potential market downturn. Cramer believes significant gains can be made in the current market, especially in sectors like technology, industrials, travel, and healthcare. He contrasts his optimistic view with warnings from experts like Robert Prechter and John Hussman, who predict steep market declines. Federal Reserve Chairman Jerome Powell indicated rate cuts might happen in 2024, but not as soon as March.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 2:30 am

LLY

NVDA

PLTR

SYM

TSLA

On a day when U.S. stocks traded lower, Palantir, Nvidia, Eli Lilly, Symbotic, and Tesla were among the most watched by investors. Palantir's stock fell despite a revenue increase, Nvidia surged on a bullish forecast by Goldman Sachs, Eli Lilly rose in anticipation of its weight-loss drug, Symbotic's shares dropped after mixed financial results, and Tesla declined amid concerns over alleged illegal drug use by its CEO.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 1:45 am

LYFT

UBER

Uber Technologies Inc (UBER) and Lyft Inc (LYFT) are set to report their Q4 earnings, with analysts at RBC Capital Markets optimistic about both beating market estimates. Uber is expected to report earnings of $0.15 a share, a 48% decrease from last year, but with a 13.2% increase in revenue to $9.75 billion. Lyft is anticipated to report earnings of $0.08 a share, a 111% increase from the previous year, with revenues expected at $1.22 billion, up 3.6%. RBC maintains a Sector Perform rating on Lyft with a $15 price target and an Outperform rating on Uber with a $65 price target, though Uber's current share price of $69.69 suggests it may be overpriced. The sector is viewed as healthy, with demand strong and competition rational.

Portfolio Pulse from Neil Dennis

February 05, 2024 | 10:58 pm

CAT

DE

KMTUY

UBS predicts a bull market for gold and silver in 2024, driven by potential Federal Reserve interest rate cuts, with gold expected to reach $2,200 per ounce. The global mining equipment market is also forecasted to grow significantly, benefiting companies like Deere & Company, Caterpillar, and Komatsu America Corp. South Africa's President highlights challenges in the mining sector, including energy shortages and illegal activities, impacting the country's attractiveness to investors.

Portfolio Pulse from Austin DeNoce

February 05, 2024 | 10:44 pm

DIS

Walt Disney Co (NYSE:DIS) is set to report Q1 financial results on Feb. 7, 2024, with expected revenue of $23.685 billion and EPS of 99 cents. Analysts highlight Disney's cost-cutting and strong cash flow growth guidance, particularly from the Experiences and DTC segments. Disney+ subscriber growth and battles with Elon Musk and Florida Gov. Ron DeSantis are key issues. Disney faces challenges from activist investor Nelson Peltz. DIS shares are down 0.49% to $96.65, with a 7% increase YTD in 2024.

Portfolio Pulse from Chris Katje

February 05, 2024 | 10:36 pm

SMG

Stifel analyst W. Andrew Carter maintains a Hold rating on Scotts Miracle Gro (SMG) and raises the price target from $49 to $55 as of 4 February 2024.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:23 pm

SMG

Stifel analyst W. Andrew Carter maintains a Hold rating on Scotts Miracle Gro (SMG) and raises the price target from $49 to $55.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:22 pm

TNDM

Stifel analyst Rick Wise maintains a Hold rating on Tandem Diabetes Care (TNDM) and raises the price target from $17 to $24.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:19 pm

POST

Stifel analyst Matthew Smith maintains a Buy rating on Post Holdings (NYSE:POST) and raises the price target from $98 to $115 as of 4 February 2024.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:16 pm