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TIP

A new poll shows declining approval for President Biden's economic policies, with inflation being a major concern among voters. Approval of Biden's handling of the economy dropped to 39%, with 68% disapproving. Economic issues, particularly inflation, are key voter concerns for the next presidential election. Inflation rates remain above the Federal Reserve's 2% target, challenging hopes for reversed rate hikes. Former President Trump is preferred over Biden in handling the economy, with 43% trust compared to Biden's 35%. The iShares TIPS Bond ETF (TIP) is mentioned with a slight increase in its last trade.

Portfolio Pulse from Shanthi Rexaline

May 13, 2024 | 2:07 pm

ALGM

Analysts have mixed views on Allegro Microsystems (NASDAQ:ALGM), with ratings ranging from bullish to bearish. The average 12-month price target is now $34.17, down from $38.75, indicating a negative sentiment shift. Recent actions include price target adjustments and new ratings, reflecting analysts' responses to market conditions and company performance. Allegro Microsystems, a key player in sensor ICs and analog power ICs for automotive and industrial markets, faces revenue challenges and a decline in market capitalization, yet shows efficient cost management.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 2:01 pm

GRTS

Gritstone Bio (NASDAQ:GRTS) received mixed analyst ratings, with a recent shift towards more bullish perspectives. The average 12-month price target is now $5.00, down 9.09% from the previous target. Financial challenges include a significant revenue decline and poor profitability metrics. Analysts' actions and price target adjustments reflect dynamic market conditions and company performance.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 2:01 pm

VNO

Analysts have mixed views on Vornado Realty (NYSE:VNO), with recent ratings ranging from bearish to neutral. The average 12-month price target is now $24.67, down from $26.50. Vornado faces revenue challenges, with a -2.14% growth over 3 months, but has strong net margins and ROE. The company's debt-to-equity ratio is high at 2.06, indicating potential financial risks.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 2:00 pm

DNOW

Analysts have mixed views on DNOW, with recent evaluations showing a shift towards a more neutral stance. The average 12-month price target is $15.6, indicating an 11.43% increase from the previous target. DNOW's financial performance is strong, with notable revenue growth, high net margin, and effective asset utilization.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 2:00 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has received 17 analyst ratings in the past three months, showing a mix of bullish to bearish sentiments. The average 12-month price target is $99.76, reflecting an 8.12% increase from the previous target of $92.27. Analysts from firms like Jefferies, Citigroup, and Goldman Sachs have raised their price targets, indicating a positive outlook on MCHP's performance. Despite this, the company faces challenges with a -24.91% revenue decline and below-average ROE and ROA, suggesting potential financial hurdles.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 2:00 pm

SRG

Seritage Growth Properties (SRG) is in the process of negotiating the sale of four assets for a total of $79.1M. The sale includes a Multi-Tenant Retail asset for $24.0M, a vacant Non-Core asset for $8.1M, and interests in two unconsolidated entities for $47.0M.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:49 pm

SMTI

Sanara MedTech reported Q1 EPS of $(0.21), missing estimates by 200% and marking a 50% increase in losses from the previous year. However, their sales of $18.54M exceeded estimates slightly by 0.20% and showed a 19.42% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:16 pm

CDZI

Cadiz Inc.'s subsidiary, ATEC Water Systems, has been awarded a $5.2 million contract, leading to an increase in ATEC's FY24 revenue forecast from $12 million to $15 million.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:02 pm

V

Analysts have provided diverse opinions on Visa (V) with a recent average price target of $309.93, reflecting a 3.92% increase from the previous target. The company's financial performance shows strong profitability and market position, despite revenue growth lagging behind industry peers.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 1:01 pm