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AAPL

APG

LLY

MSFT

NVDA

UNP

Goldman Sachs' Hedge Fund Trend Monitor reveals a significant concentration in hedge funds towards the 'Magnificent Seven' stocks, excluding Tesla. Health Care has become the most overweighted sector, with Eli Lilly (LLY) entering the top 20 holdings. Hedge funds are diversifying into cyclical industries and communication services, with APi Group (APG), General Electric (GE), and Union Pacific (UNP) joining the 'VIP list'. Conversely, Microsoft (MSFT), Apple (AAPL), and NVIDIA (NVDA) saw the largest net decreases in hedge fund popularity.

Portfolio Pulse from Piero Cingari

February 21, 2024 | 5:02 pm

OMI

Owens & Minor (NYSE:OMI) received mixed analyst ratings with a recent shift towards neutrality. The average 12-month price target increased to $25.25 from $23.50. Analysts from Citigroup, Barclays, and UBS adjusted their ratings and price targets, reflecting varied expectations. Owens & Minor's financials show positive revenue growth and strong profitability metrics, despite challenges in debt management. The company operates in medical supplies distribution and manufacturing.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:01 pm

WETH

Wetouch Technology Inc. (NASDAQ:WETH) announced a public offering of 2,160,000 shares at $5.00 each, aiming to raise $10.8 million for a new factory, R&D, debt repayment, and general purposes. The offering, underwritten by WestPark Capital, Craft Capital Management, and R.F. Lafferty, is expected to close on February 23, 2024. Wetouch's stock has also been approved for listing on the Nasdaq Capital Market under the ticker 'WETH' and will start trading on February 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:01 pm

TRGP

Targa Resources (NYSE:TRGP) received mixed analyst ratings with an updated average 12-month price target of $108.5, reflecting a 2.6% increase from the previous target. Analysts from Citigroup, UBS, and Barclays adjusted their ratings and price targets, indicating varying perspectives on the company's performance and market position. Despite facing revenue challenges and a high debt-to-equity ratio, Targa Resources exhibits strong ROE and operates significant assets in key energy plays.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:00 pm

NICE

Analysts have mixed views on NICE (NASDAQ:NICE), with recent ratings ranging from bullish to bearish. The average 12-month price target is $332.6, up from $283.00, indicating a 17.53% increase. NICE's financial performance shows strong revenue growth and net margin, but challenges in ROE and debt management. The company specializes in customer engagement and financial crime compliance solutions.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:00 pm

ARKK

COIN

SARK

TARK

TSLA

Cathie Wood's ARK Innovation ETF (ARKK) experienced a 70% growth in 2023 but has seen a 4% decline in 2024. ARKK, known for investing in disruptive innovation companies like Tesla and Coinbase, is subject to volatility. AXS Investments offers products for both bullish and bearish views on ARKK, including the AXS 2X Innovation ETF (TARK) for bulls and the AXS Short Innovation Daily ETF (SARK) for bears, with options trading available for both.

Portfolio Pulse from Johnny Rice

February 21, 2024 | 4:54 pm

NVDA

QQQ

SPY

Jim Cramer celebrates 'National NVIDIA Day' ahead of NVIDIA Corporation's (NASDAQ:NVDA) highly anticipated Q4 earnings report. Analysts expect a significant revenue increase to $20.62 billion from last year's $7.19 billion and earnings per share of $4.64, up from 88 cents. Cramer compares NVIDIA CEO Jensen Huang to Taylor Swift, emphasizing Huang's influence and success. NVIDIA's performance could impact the market, especially as it's a major holding in SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust (NASDAQ:QQQ).

Portfolio Pulse from Chris Katje

February 21, 2024 | 4:52 pm

ELAB

Braeden Lichti has acquired a 22.07% stake in Elevai Labs, with the shares purchased for investment purposes. This significant stake acquisition indicates a strong belief in the company's future prospects.

Portfolio Pulse from Charles Gross

February 21, 2024 | 4:01 pm

PLTR

The article provides a detailed comparison of Palantir Technologies (PLTR) against its competitors in the Software industry, focusing on key financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Palantir's P/E ratio is significantly higher than the industry average, suggesting overvaluation, while its P/B ratio indicates potential undervaluation. The company's P/S ratio is also high, implying overvaluation in terms of sales performance. Palantir shows lower profitability and growth potential compared to its peers, with a lower ROE, EBITDA, gross profit, and revenue growth rate. Additionally, Palantir has a lower debt-to-equity ratio compared to its top 4 peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:00 pm

UBER

The article provides an in-depth industry comparison of Uber Technologies (NYSE:UBER) against its competitors in the Ground Transportation industry, focusing on financial metrics, market position, and growth prospects. It highlights Uber's premium valuation with high PE, PB, and PS ratios compared to industry averages, but also points out its strong operational performance with higher ROE, EBITDA, gross profit, and revenue growth. The analysis suggests a mixed picture for Uber, indicating potential overvaluation but also strong growth prospects.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:00 pm