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Revenues

ALTM

Analysts have recently evaluated Arcadium Lithium (NYSE:ALTM) with mixed sentiments, ranging from bullish to bearish. The average 12-month price target has decreased by 24.52% to $5.51. Key analysts from firms like Keybanc, Scotiabank, and Goldman Sachs have lowered their price targets, reflecting a negative shift in sentiment. Despite challenges, Arcadium Lithium shows strong profitability and effective cost control.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

LNG

Over the past three months, analysts have shared mixed opinions on Cheniere Energy (NYSE:LNG), with recent ratings showing a slight bullish trend. The average 12-month price target has increased to $200.5. Despite strong ROE, the company faces challenges with revenue growth, net margin, and debt management.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

ON

ON Semiconductor (NASDAQ:ON) has significantly outperformed the market over the past 10 years, delivering an average annual return of 23.42%. A $100 investment in ON stock 10 years ago would be worth $827 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

VLO

Valero Energy (NYSE:VLO) has outperformed the market over the past 20 years with an average annual return of 11.84%, resulting in a $100 investment growing to $888.19. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

ACLX

Over the past three months, 7 analysts have evaluated Arcellx (NASDAQ:ACLX), with the majority being bullish. The average 12-month price target is $81.57, with a high of $87.00 and a low of $70.00. Recent analyst actions include maintaining, raising, and lowering ratings and price targets. Arcellx has shown significant revenue growth and strong financial health, with a market capitalization above industry standards.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

EATZ

PEZ

SG

Sweetgreen, Inc. (NYSE:SG) shares surged after reporting better-than-expected Q2 FY24 revenue results. Revenue increased by 21% Y/Y to $184.6 million, beating the consensus of $180.78 million. Same-store sales rose 9% Y/Y, driven by menu price increases and higher traffic. The company raised its FY24 revenue guidance to $670 million – $680 million and same-store sales growth to 5% – 7%. Investors can gain exposure via AdvisorShares Restaurant ETF (NYSE:EATZ) and Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ). SG shares are up 26% at $33.08.

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 1:42 pm

EWZ

IWM

TLT

VNQ

The Bank of Japan's policy reversal has led Wall Street to anticipate significant interest rate cuts from the Federal Reserve. Bank of America's Michael Hartnett suggests that these cuts are necessary to avoid a hard landing for the economy. He recommends selling AI stocks after the first cut and buying assets that could benefit from lower yields, such as government bonds, REITs, small-cap stocks, and distressed emerging markets.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 1:34 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares fell after reporting a 13% decline in net revenue for Q1, driven by divested businesses. Despite a 20% increase in Canada medical cannabis net revenue, overall Canada cannabis revenue decreased by 6%. International markets saw a 1% decline. The stock is trading below its 50-day moving average, with 14.09% of shares sold short. Analysts have an average 12-month price target of $2, suggesting potential downside.

Portfolio Pulse from Erica Kollmann

August 09, 2024 | 1:27 pm

BITF

Bitfarms Ltd. (NASDAQ:BITF) shares are flat after a 22% gain following its Q2 earnings release. The company reported a loss of 7 cents per share, beating estimates by 30%, and revenue of $41.548 million, down 16% sequentially. Gross mining profit and margin also declined. Bitfarms averaged 6.7 bitcoin per day in production and increased its hashrate to 11.1 EH/s. The company holds $195 million in liquidity and 1,016 bitcoins. Shares are trading below the 50-day moving average, with 23.5% of shares sold short.

Portfolio Pulse from Erica Kollmann

August 09, 2024 | 1:25 pm

IGC

IGC Pharma (NYSE:IGC) reported a 51% YoY revenue decline for Q1 FY2025 due to the completion of its legacy project in India. Despite the revenue drop, the company highlighted significant milestones in Alzheimer's research, including progress in its Phase 2 clinical trial for IGC-AD1 and positive pre-clinical outcomes for TGR-63. The company also reported a net loss of $2.4 million and increased R&D expenses.

Portfolio Pulse from Nina Zdinjak

August 09, 2024 | 1:24 pm