Streetbeat News

Revenues

LVMHF

LVMH reported a Q1 2024 revenue of €20.7 billion, marking a 3% organic growth compared to the previous year. This performance underscores the luxury group's resilience and continued growth momentum in a challenging economic environment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:49 pm

PALI

Palisade Bio, Inc. (NASDAQ:PALI) shares surged after announcing successful analysis of PALI-2108, showing efficient conversion into its active form in stool samples from healthy volunteers and ulcerative colitis patients. The study's positive results have boosted investor confidence, with shares trading higher on heavy volume, significantly above the 100-day average.

Portfolio Pulse from Erica Kollmann

April 16, 2024 | 3:47 pm

ADDYY

Adidas reported its Q1 2024 revenue at EUR 5.46 billion with a gross margin of 51.2%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:46 pm

MSFT

NVDA

QQQ

SPY

TLT

TSLA

The article discusses the significant drop in 20+ year Treasury bond ETF (TLT) despite geopolitical tensions, which typically drive up U.S. Treasuries. It highlights the unusual market behavior where Treasuries fall, indicating lower stock valuations, contrary to expectations during the Iran-Israel conflict. The IMF warns the U.S. about excessive spending, while global growth forecasts increase slightly. U.S. housing starts and building permits have slowed, and China's GDP growth shows underlying weakness. Money flows are positive for NVIDIA and Microsoft, neutral for Amazon, Apple, Alphabet, and Meta, negative for Tesla, and mixed for SPDR S&P 500 ETF Trust and Invesco QQQ Trust. The article also notes the selling of gold and oil by the momo crowd, with smart money inactive, and mentions Bitcoin's trading activity around a halving event.

Portfolio Pulse from The Arora Report

April 16, 2024 | 3:30 pm

JD

Analysts have mixed views on JD.com (NASDAQ:JD), with ratings ranging from bullish to bearish over the last quarter. The average 12-month price target is $38.0, reflecting a slight increase from the previous target. Recent analyst actions include maintaining, raising, and lowering ratings and price targets, indicating varied perspectives on JD.com's market position. The company's financial performance shows strong revenue growth and profitability, with a market capitalization that suggests challenges compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:02 pm

HD

Home Depot (NYSE:HD) has been analyzed by 23 analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $388.91, marking a 4.37% increase from the previous target of $372.61. Analyst actions range from maintaining to raising and lowering ratings, with price targets adjusted accordingly. Home Depot's financials indicate a -2.92% revenue decline over the last 3 months, yet it maintains strong profitability metrics such as an 8.05% net margin and a 226.43% ROE. The company's debt-to-equity ratio is 50.04, indicating high debt levels.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:01 pm

FND

Floor & Decor Holdings (NYSE:FND) was analyzed by 17 analysts, showing a shift towards a more cautious stance over the last quarter with an increase in 'Indifferent' ratings. Despite this, the average 12-month price target for FND has risen to $117.24, indicating a positive outlook on the stock's future performance. The company's financial health appears strong, with notable revenue growth and efficient cost management, although its ROE is below industry benchmarks.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:01 pm

SNX

TD Synnex (NYSE:SNX) received mixed ratings from 7 analysts, with an updated average 12-month price target of $127.57, reflecting an 11.48% increase from the previous target. The company's financial performance shows a revenue decline of -7.6% and below-average profitability metrics. Despite this, analysts have raised their price targets and ratings, indicating a cautiously optimistic outlook based on the company's market position and financial strategy.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:00 pm

DKNG

Goldman Sachs analyst Ben Miller initiated coverage on DraftKings Inc (NASDAQ:DKNG) with a Buy rating and a $60 price target, citing strong unit economics, growing profitability, and a growing total addressable market in the sports betting sector. Miller expects DraftKings to see compounded annual revenue growth of 21% from 2023 to 2028, with potential upside to Street revenue and EBITDA targets. DraftKings shares have risen 65% over the last nine months but still trade below their historical average and peers in terms of growth adjusted revenue multiple.

Portfolio Pulse from Chris Katje

April 16, 2024 | 2:44 pm

GTES

Gates Industrial Corp (NYSE:GTES) has received mixed evaluations from 9 financial analysts over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for GTES has been raised to $18.33 from $15.42, indicating an 18.87% increase. Analysts from firms including Goldman Sachs, Citigroup, Keybanc, Barclays, Wolfe Research, Jefferies, and Evercore ISI Group have adjusted their ratings and price targets, reflecting a cautiously optimistic outlook on GTES's performance. Despite this, GTES faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management, suggesting potential hurdles ahead.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:01 pm