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OPK

OPKO Health Inc (NASDAQ:OPK) stock plummeted by 26.3% to $1.10 after announcing a private offering of $200 million in Convertible Senior Notes due 2029, with an additional option for $30 million. The notes will pay interest semiannually and are convertible under certain conditions. Affiliated entities of key executives are interested in acquiring $70 million of the notes. Proceeds will be used to repurchase common stock and 4.50% Convertible Senior Notes due 2025, with the rest for general corporate purposes.

Portfolio Pulse from Henry Khederian

January 04, 2024 | 3:50 pm

PSX

Phillips 66 is engaged in active discussions regarding the sale of assets worth $3 billion, as revealed at the GS Energy Conference.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:46 pm

CXM

Sprinklr's stock is trading higher following the announcement of a $100 million stock buyback program and the reaffirmation of its Q4 and FY24 guidance. Additionally, Trac Pham has been appointed as the interim COO.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:36 pm

AMD

NVDA

SPOT

Morgan Stanley Wealth Management has adjusted its portfolio by adding a position in Spotify Technology SA (SPOT), increasing its position in NVIDIA Corp (NVDA), and reducing its position in Advanced Micro Devices (AMD).

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:31 pm

AAPL

AMD

AMZN

BABA

CALM

META

MSFT

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a crash with $600M in long positions liquidated. In US markets, Cal-Maine reported disappointing Q2 results, and the Fear & Greed Index moved to 'Greed' zone while the Nasdaq fell for the fourth consecutive day. AMD is anticipated to have a 25% upside potential due to 'GenAI'. Microsoft is adding a Copilot key to PCs and laptops. Alibaba faces challenges with a 75% share drop from its 2020 high. Meta's Mark Zuckerberg continues selling shares. Amazon may face competition from TikTok's US e-commerce expansion. Apple settles an iTunes gift card scam lawsuit. US chip stocks fall after a record-breaking 2023. In the EV sector, Tesla's stock dropped by 4%, and Ford adjusted F-150 Lightning prices. Crane Co. acquired Vian Enterprises for $103M, enhancing its aerospace segment. SpaceX faced labor issues, and copper prices are predicted to rise due to renewable energy transitions.

Portfolio Pulse from Akanksha Bakshi

January 04, 2024 | 3:17 pm

OPK

Opko Health's stock is trading lower following the announcement of a private offering of convertible senior notes due in 2029. This move could potentially dilute existing shareholders or increase the company's debt burden.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:14 pm

NWE

Four financial analysts have recently published ratings on NorthWestern Energy Group (NASDAQ:NWE), with an average 12-month price target of $54.00, down 10.99% from the previous average. Ratings range from neutral to overweight, with recent price target adjustments reflecting market conditions and company performance. NorthWestern Energy Group operates in the electricity and natural gas sectors in the Upper Midwest and Northwest U.S. The company's financial health shows a market capitalization below industry benchmarks, a revenue decline of -4.17%, and lower than average net margin, ROE, and ROA, but a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:01 pm

OMF

OneMain Holdings (NYSE:OMF) has received mixed analyst ratings over the past three months, with 4 somewhat bullish and 2 indifferent ratings. The average 12-month price target is $47.33, with a high of $55.00 and a low of $38.00, reflecting a 3.41% decrease in the average target. Analysts from Wells Fargo, Barclays, RBC Capital, Piper Sandler, BMO Capital, and JP Morgan have adjusted their ratings and price targets, with one raising, four lowering, and one announcing a new rating. OneMain Holdings operates in nonprime consumer finance, with positive revenue growth, high net margin, ROE, and ROA, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:00 pm

QRVO

Analysts have provided mixed reviews for Qorvo (NASDAQ:QRVO) over the past three months, with recent ratings showing a more cautious stance. The average 12-month price target has decreased to $103.9 from $113.78, reflecting a bearish sentiment. Analysts from firms like Piper Sandler, Morgan Stanley, BMO Capital, Mizuho, JP Morgan, Raymond James, Barclays, Susquehanna, and Citigroup have adjusted their price targets and ratings, indicating a response to Qorvo's market performance and financial indicators such as revenue decline, below-average net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:00 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has been rated by 16 analysts in the past three months, with an average 12-month price target of $126.88, down from the previous $157.55. Ratings range from bullish to indifferent, with no bearish or somewhat bearish ratings. Analysts have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Enphase Energy's financials show a negative revenue trend with a -13.18% decline, but strong profitability with a net margin of 20.68% and high ROE and ROA. The company has a high debt-to-equity ratio of 1.28.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:00 pm