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RBC

RBC Bearings (NYSE:RBC) has received mixed analyst ratings over the past three months, with a total of 4 bullish and 1 indifferent rating. Recent price target updates show a positive trend, with the average 12-month price target raised to $271.2, up 9.35% from the previous $248.00. Analysts from Truist Securities, Goldman Sachs, B of A Securities, and Wells Fargo have adjusted their price targets, reflecting their response to RBC Bearings' market dynamics and performance. RBC Bearings manufactures precision bearings for industrial and aerospace markets, with a focus on the US. Financial indicators show a positive revenue trend but below-average growth rate, high net margin, and below-industry-average ROE and ROA. The company's debt-to-equity ratio is below industry norms.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 3:01 pm

CMND

Clearmind Medicine Inc (NASDAQ:CMND) stock soared after announcing the completion of a Type A meeting with the FDA regarding its clinical trial for CMND-100, a compound for treating Alcohol Use Disorder with psychedelic-based therapy. The active ingredient, MEAI, is reported to reduce alcohol consumption desires while providing a euphoric experience. The company aims to resubmit its IND for CMND-100 and bring new treatment options for AUD.

Portfolio Pulse from Adam Eckert

January 10, 2024 | 2:57 pm

KSCP

Knightscope has announced the deployment of its security robots at three different locations: a church, a medical center, and an amusement and recreation services facility. Each location has installed the K1 Hemisphere ASR, and the recreation facility has also added a K5 ASR.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:51 pm

ISRG

Intuitive Surgical Inc (NASDAQ:ISRG) reported preliminary Q4 revenue of $1.93 billion, surpassing consensus estimates of $1.87 billion. The company expects FY23 revenue of $7.12 billion, slightly above estimates of $7.07 billion. Q4 da Vinci procedures grew by 21% Y/Y, with full-year procedures up by 22%. Intuitive Surgical placed 415 da Vinci systems in Q4, a 12% Y/Y increase, and 1,370 systems in 2023, an 8% Y/Y increase. Growth was driven by U.S. general surgery and international cancer procedures. William Blair predicts strong growth into 2024, with potential for the company to exceed its conservative guidance. ISRG shares rose 6.55% to $352.22.

Portfolio Pulse from Vandana Singh

January 10, 2024 | 2:40 pm

INDA

NDAQ

A Nasdaq executive announced plans to launch an ETF on India's IFSC that will track the Nasdaq 100 Index, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:40 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is meticulously preparing for the launch of its $3500 Vision Pro mixed reality headset. The company is ensuring that tech reviewers, bloggers, and influencers are briefed before publishing their opinions, with a hands-on session scheduled for Jan 16 and a follow-up on Jan 23. Apple has also issued detailed branding guidelines for developers creating apps for the Vision Pro. Analyst Ming-Chi Kuo advises investors to be cautious about the launch hype, despite expecting the product to sell out quickly after launch.

Portfolio Pulse from Rounak Jain

January 10, 2024 | 2:39 pm

MULN

Mullen Automotive, Inc. has submitted a pre-application for a $50 million ATVM loan from the U.S. Department of Energy to support domestic battery manufacturing. The loan would help fund the production of an estimated 150,000 battery packs through 2032, aiding Mullen's expansion and supporting its EVs assembled in the U.S. The capital would be used for plant equipment and tooling at a new facility in Fullerton, California.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:34 pm

EVO

Evotec SE has entered into an agreement with the Crohn's & Colitis Foundation to advance drug discovery for novel therapies targeting inflammatory bowel disease (IBD). The collaboration aims to leverage Evotec's drug discovery platform to identify and develop new treatment options for IBD patients.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:33 pm

WMT

Walmart Inc (NYSE:WMT) is expanding its drone delivery service to cover 75% of the Dallas-Fort Worth population, partnering with Wing and Zipline for deliveries. The service will offer a delivery radius of up to 10 miles and can deliver items in as little as 10 minutes. Walmart has already completed over 20,000 safe drone deliveries and is integrating technologies like AI and AR to further enhance its services. WMT stock saw a slight increase of 0.08% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

January 10, 2024 | 2:23 pm

BLNK

Grupo Q, the Porsche dealer in El Salvador, is set to launch five electric vehicle (EV) charging stations in collaboration with Blink Charging (BLNK). This initiative is part of a growing trend to expand EV infrastructure and support the adoption of electric vehicles in the region.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:20 pm