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Equity Actions

RDDT

Reddit's shares are expected to open between $49.5 and $50.5, significantly higher than its IPO price of $34, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:50 pm

NUE

Bill Baruch, a notable investor, announced on CNBC that he has purchased shares of Nucor (NUE), a leading steel production company. This public endorsement could influence investor sentiment and potentially impact Nucor's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:31 pm

UNH

Kevin Simpson, a notable figure in the investment community, announced on CNBC that he has increased his investment in UnitedHealth Group Incorporated (UNH).

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:29 pm

AMD

Bill Baruch announced on CNBC that he has trimmed his position in Advanced Micro Devices (AMD), indicating a change in his investment strategy regarding the company.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:24 pm

FCNCA

GS

KRE

MS

XLF

U.S. financial stocks, including major banks and regional banks, have surged to record highs following the March FOMC meeting, driven by expectations of stronger economic growth and lower borrowing costs. Bank of America's Ebrahim H. Poonawala points to a bullish outlook for bank stocks, citing the Fed's rate cut projections and QT taper plans. The SPDR Regional Banking ETF (KRE) and the Financial Select Sector SPDR Fund (XLF) saw significant gains. Bank of America remains optimistic about Goldman Sachs (GS) and Morgan Stanley (MS), while Goldman Sachs is bullish on First Citizens Bancshares (FCNCA). Super-regional banks are also highlighted for their potential to narrow the valuation gap with major banks.

Portfolio Pulse from Piero Cingari

March 21, 2024 | 4:23 pm

CSCO

A comprehensive analysis of Cisco Systems (NASDAQ:CSCO) against its competitors in the Communications Equipment industry reveals Cisco's financial health and market position. Cisco's P/E and P/B ratios suggest it is undervalued, while its high P/S ratio indicates potential overvaluation based on revenue. The company's lower ROE compared to the industry average suggests inefficiency in generating profits from equity. However, Cisco's high EBITDA, gross profit, and revenue growth highlight its strong operational performance and positive future prospects.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:00 pm

RDDT

Reddit's shares are expected to open between $50-$52, significantly higher than the IPO price of $34 each.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 3:58 pm

RDDT

Reddit's shares are expected to open between $42-$46, significantly higher than the IPO price of $34 each. This indicates strong investor interest and a positive market reception for Reddit's public debut.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 3:07 pm

LNC

Lincoln National (NYSE:LNC) has received mixed reviews from analysts, with recent ratings ranging from bullish to bearish. The average 12-month price target for LNC has been raised to $29.8, reflecting a 10.37% increase from the previous target. Analysts from Evercore ISI Group, Jefferies, UBS, Goldman Sachs, and JP Morgan have adjusted their ratings and price targets, indicating varied expectations for the company's performance. Despite these updates, Lincoln National faces financial challenges, including a significant revenue decline, below-average net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:01 pm

ZI

18 analysts have recently reviewed ZoomInfo Technologies (NASDAQ:ZI), showing mixed sentiments with a shift towards more bullish ratings over the past 30 days. The average 12-month price target for ZI has been raised to $21.08 from $20.25, indicating a positive outlook. Analyst actions include a mix of maintaining, raising, and lowering ratings and price targets, reflecting changing market conditions and company performance. Despite positive revenue growth of 4.91% as of December 31, 2023, ZoomInfo faces challenges with its market capitalization, net margin, ROE, ROA, and a high debt-to-equity ratio compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:00 pm