Streetbeat News

Earnings

HNST

Honest Co (NASDAQ:HNST) has been analyzed by 5 analysts, showing a shift towards a more neutral stance in the last quarter with an average 12-month price target of $4.15, up 58.4% from the previous target. The company's financial health appears strong, with positive revenue growth, above-average net margin, ROE, and ROA, and a low debt-to-equity ratio. Analysts have adjusted their ratings and price targets based on recent developments, indicating a cautiously optimistic outlook for HNST.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:01 pm

ORCL

19 analysts have recently shared their evaluations of Oracle (NYSE:ORCL), showing a mix of bullish and bearish perspectives. The average 12-month price target for Oracle has risen by 8.9% to $136.0, with a high estimate of $160.00 and a low estimate of $105.00. Analysts have adjusted their ratings and price targets, reflecting a positive shift in sentiment towards Oracle. The company's financials indicate strong performance with a notable revenue growth rate, exceptional net margin, and impressive ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:00 pm

RCMT

RCM Technologies' shares dropped following the announcement of disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:54 pm

IMRX

Immuneering's shares dropped following the announcement of topline results from the Phase 1 portion of its Phase 1/2a clinical trial of IMM-1-104 in advanced RAS-mutant solid tumors.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:52 pm

AAPL

SPY

TSLA

USO

The article discusses the current financial market trends, highlighting hotter Producer Price Index (PPI) data indicating higher inflation at the producer level than expected, and declining retail sales suggesting weakening consumer spending. It mentions the positive early trade money flows in several major tech companies and ETFs, while Tesla and NVIDIA experience negative flows. The International Energy Agency predicts an oil supply deficit throughout 2024, contrary to previous surplus expectations. The article advises investors to consider a more defensive position within the protection band to balance market crosscurrents.

Portfolio Pulse from The Arora Report

March 14, 2024 | 4:47 pm

NTNX

WIT

Wipro Limited (NYSE:WIT) shares rose after announcing an agreement with Desjardins to modernize consumer banking services using its NetOxygen platform. The deal involves integrating Desjardins' loan origination systems into one platform, aiming to enhance customer experience and efficiency. Additionally, Wipro expanded its partnership with Nutanix, Inc. (NASDAQ:NTNX) to launch a new business unit. Despite these developments, Wipro reported a 1.4% decline in Q4 FY23 gross revenue, with IT services revenue down 2.1% Q/Q.

Portfolio Pulse from Lekha Gupta

March 14, 2024 | 4:41 pm

IMRX

Immuneering Corporation (NASDAQ:IMRX) announced positive topline results from the Phase 1 trial of IMM-1-104 for treating advanced RAS-mutant solid tumors. The trial showed promising efficacy and safety profiles, with significant lesion regression and no new acquired alterations in RAS or MAPK pathway genes. Immuneering has selected a 320mg dose for the Phase 2a study, with initial Phase 2a data expected in 2024. Despite the positive news, IMRX shares dropped 44.80% to $3.25.

Portfolio Pulse from Vandana Singh

March 14, 2024 | 4:36 pm

FF

FutureFuel's stock is up following the announcement of positive Q4 financial results, a special dividend of $2.50 per share, and a $25 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:33 pm

RMBL

RumbleOn's shares traded lower following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:32 pm

AAPL

BOTZ

MSFT

NVDA

SMH

Nvidia Corp (NASDAQ:NVDA) is set to host its annual AI conference, GTC, with expectations of unveiling significant news to continue its stock rally. The event, dubbed 'AI Woodstock' by Bank of America analysts, is anticipated to reveal the next-generation AI processor, the B100, and further Nvidia's dominance in the AI market. Nvidia's market cap recently surpassed $2 trillion, closely trailing Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT). Analysts project an 81% revenue surge to $110 billion this year for Nvidia. Investors can also gain exposure to Nvidia through the VanEck Semiconductor ETF (NASDAQ:SMH) and Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ).

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 4:30 pm