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HPCO

ISPR

Ispire Technology Inc. (NASDAQ:ISPR), a company specializing in e-cigarettes and cannabis vaping products, announced a public offering of 2.05 million shares at $6 each, aiming to raise $12.3 million. The funds are intended for the establishment of a manufacturing facility in Malaysia, funding a joint venture, and general corporate purposes. The company's cannabis business has shown significant growth, with a 30.7% increase in revenue year-over-year. Ispire has partnerships with celebrities like Snoop Dogg and Burna Boy for product endorsements. Following the announcement, ISPR shares dropped 27.91% to $5.85. Hempacco Co., Inc. (NASDAQ:HPCO) also has a distribution agreement with Ispire's subsidiary.

Portfolio Pulse from Jelena Martinovic

March 22, 2024 | 4:23 pm

BIOL

CUTR

ISPR

NKE

OTLK

SINT

SMLP

U.S. stocks traded lower with the Dow Jones falling over 200 points. Nike Inc shares dropped more than 8% after Q3 results, beating revenue and EPS estimates but still saw a decline. Summit Midstream Partners, Outlook Therapeutics, and BIOLASE saw significant gains after positive announcements. Conversely, Cutera, Sintx Technologies, and Ispire Technology experienced notable drops following disappointing financial results and public offering announcements. Oil and gold prices also fell slightly.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 4:18 pm

AAPL

IWM

LULU

NKE

The article discusses opportunities in small and micro caps, highlighting the iShares Russell 2000 ETF (IWM) and its potential for significant growth. It mentions the Fed's decision to ignore inflation as positive for these caps. It also covers the impact of an antitrust lawsuit on Apple Inc (AAPL), causing a significant market value loss. Additionally, it notes the performance of various companies and ETFs, including Nike (NKE) and Lululemon Athletica (LULU), following earnings reports. The article also touches on China's currency weakening, money flows in major tech stocks, and the performance of gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

March 22, 2024 | 4:08 pm

PANW

The article compares Palo Alto Networks (PANW) with its competitors in the Software industry, analyzing financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. PANW shows potential undervaluation based on its P/E ratio, but its high P/B and P/S ratios suggest possible overvaluation. The company's high ROE indicates efficient equity use, but its lower EBITDA and gross profit compared to the industry average may signal financial challenges. Despite this, PANW's revenue growth outperforms the industry, suggesting strong market performance.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 4:01 pm

CRWD

The analysis compares CrowdStrike Holdings (CRWD) against its software industry peers, highlighting its high valuation metrics (PE, PB, PS ratios) and low profitability indicators (ROE, EBITDA, gross profit) but strong revenue growth. It suggests CRWD may be overvalued but has potential for future growth.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 4:00 pm

SAM

STZ

TAP

Analyst Michael Lavery of Piper Sandler initiated coverage on Molson Coors Beverage Co (TAP), Boston Beer Company Inc (SAM), and Constellation Brands, Inc. (STZ), with varying ratings. TAP received a Neutral rating with a $69 price target, SAM was rated Overweight with a $350 target, and STZ also Overweight with a $300 target. Lavery highlighted TAP's market share gain and potential for margin expansion despite ongoing strikes. SAM's growth is expected from Twisted Tea and Hard Dew, with optimism for gross margin expansion. STZ is seen to benefit from U.S. market share gains in Mexican imports and has invested significantly in R&D, aiming for higher operating margins.

Portfolio Pulse from Priya Nigam

March 22, 2024 | 3:33 pm

CCL

Carnival Corporation (NYSE:CCL) has seen a significant amount of options trading activity, with a bullish sentiment prevailing among investors. Analysis of 10 trades revealed 60% bullish and 40% bearish expectations. The trades focused on a price target range of $14.0 to $18.0. Currently, CCL's stock is slightly up by 0.18% at $17.05, with an RSI indicating it may be approaching overbought territory. Analysts have set an average target price of $23.0 for CCL, with Goldman Sachs and Stifel providing specific targets of $20 and $26, respectively.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 3:16 pm

PEGA

Analysts have provided diverse opinions on Pegasystems (NASDAQ:PEGA) with a mix of bullish to bearish ratings over the past quarter. The recent evaluations show an average 12-month price target of $67.33, marking a slight increase from the previous $67.00. Key analysts from firms like Citigroup, DA Davidson, RBC Capital, Goldman Sachs, Wedbush, and Barclays have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Pegasystems, known for its Pega Infinity platform, has shown notable revenue growth and strong financial metrics such as net margin and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 3:00 pm

Four analysts have recently updated their ratings on Delek US Holdings (NYSE:DK), with a mix of 'Neutral' and 'Underweight' ratings. The average 12-month price target has been raised to $29.00 from $26.50, indicating a positive sentiment shift. Despite this, Delek faces challenges such as revenue decline, below-average ROE and ROA, and high debt-to-equity ratio, suggesting mixed financial health.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 3:00 pm

TME

Tencent Music Entertainment Group (TME) announced the resignation of Mr. Zhenyu Xie as President, CTO, and board member, effective March 31, 2024. He will serve as a consultant post-resignation. Ms. Min "Shirley" Hu, the CFO, has been appointed as a director effective the same date. The company praised Mr. Xie's contributions and welcomed Ms. Hu's extensive finance and IT experience to the board.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 2:53 pm