Streetbeat News

Revenues

EZU

GLD

SPY

USO

VIX

Following Iran's drone and missile attack on Israel, market sentiment shifted from war fears to calm, with President Biden urging Israel to avoid retaliation. The CBOE Volatility Index dropped, indicating reduced market anxiety. Equities rallied, with SPY and EZU experiencing gains. Oil and gold prices fell, reflecting diminished concerns over Middle East tensions. Analysts suggest the market's reaction is due to no significant casualties and a reduced likelihood of escalation. However, potential Israeli retaliation could impact energy markets, with oil prices potentially surging if the Strait of Hormuz is disrupted.

Portfolio Pulse from Piero Cingari

April 15, 2024 | 3:28 pm

D

Recent analyst evaluations of Dominion Energy (NYSE:D) show diverse opinions, with a shift towards a more cautious outlook over the last three months. The average 12-month price target for Dominion Energy is now $49.29, a slight decrease from previous targets. Analyst actions include both upgrades and downgrades, reflecting varied perspectives on the company's performance and market conditions. Despite challenges in revenue growth and profitability metrics, Dominion Energy's market capitalization suggests investor confidence. The company's financial performance indicates a need for improved efficiency and profitability.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:01 pm

LVS

Recent analyst ratings for Las Vegas Sands (NYSE:LVS) show a predominantly bullish outlook, with 5 analysts offering perspectives ranging from bullish to somewhat bullish over the past three months. The average 12-month price target for LVS has been raised to $63.2, indicating a 7.12% increase from the previous target of $59. The company's financials reveal strong performance, with significant revenue growth, high net margin, and robust returns on equity and assets. Las Vegas Sands, now focusing entirely on its Asian and Singapore operations after selling its Vegas assets, is recognized for its strong market position and financial health.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:01 pm

LI

Li Auto (NASDAQ:LI) has received mixed analyst ratings over the last three months, with a shift towards more bullish sentiments. The average 12-month price target is $53.17, a decrease from previous targets. Analysts from firms like Macquarie, Morgan Stanley, Citigroup, Barclays, B of A Securities, and Deutsche Bank have adjusted their ratings and price targets, reflecting a nuanced view of Li Auto's market position. Li Auto, a Chinese NEV manufacturer, reported over 376,000 NEV sales in 2023, with a market cap below industry average, a revenue growth rate of 20.34%, and strong profitability indicators such as a net margin of 13.56%, ROE of 9.95%, and ROA of 4.29%.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:01 pm

JNJ

Recent analyst ratings for Johnson & Johnson (NYSE:JNJ) show a predominantly somewhat bullish outlook, with 8 out of 9 analysts giving such ratings in the last three months. The average 12-month price target for JNJ has been raised to $202.33, marking a 19.02% increase from the previous target of $170.00. This adjustment reflects a positive sentiment towards JNJ's market performance, driven by its strong financial indicators such as revenue growth, net margin, ROE, and ROA. The company's strategic focus areas include immunology, oncology, neurology, and cardiology, with significant contributions from its pharmaceutical and medical devices divisions.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:01 pm

FOUR

Shift4 Payments (NYSE:FOUR) has received mixed analyst ratings over the past quarter, with a total of 14 analysts offering views ranging from bullish to bearish. The recent ratings show a shift towards more positive sentiment in the last 30 days. The 12-month price targets suggest an average target of $90.21, marking a 10.42% increase from the previous average of $81.70. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their adaptation to market conditions and company performance. Shift4 Payments, a provider of integrated payment processing and technology solutions, has shown remarkable revenue growth of 31.19% as of December 31, 2023, but faces challenges in net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:00 pm

MGY

Analyst ratings for Magnolia Oil & Gas (NYSE:MGY) show varied sentiments, with recent updates indicating both upgrades and downgrades. The average 12-month price target has increased to $26.5, reflecting a positive outlook. Despite this, the company faces challenges such as a -7.57% decline in revenue growth and below-average profitability metrics. Analysts from Citigroup, Goldman Sachs, Mizuho, Truist Securities, Piper Sandler, and Wells Fargo have adjusted their ratings and price targets, signaling a nuanced view of the company's prospects.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:00 pm

BTCUSD

ETHUSD

RNDRUSD

SOLUSD

Arthur Hayes, co-founder of BitMEX, expressed a bullish sentiment on Twitter following a significant market selloff, sparking a discussion on potential rebound investments. Suggestions included Render Network (RNDR), Boden (BODEN), Ethereum (ETH), and Solana (SOL), with varying opinions on their potential. The market context includes a recent plunge in Bitcoin's price and a $2 billion liquidation in futures positions, setting the stage for a recovery discussion ahead of the Benzinga Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 2:05 pm

MBUU

Recent analyst ratings for Malibu Boats (NASDAQ:MBUU) show a diverse range of perspectives, with 5 analysts offering ratings in the last three months. The average 12-month price target is $49.4, a 15.91% decline from the prior average, with individual targets ranging from $45.00 to $54.00. Analysts from Keybanc, Raymond James, Truist Securities, B. Riley Securities, and Baird have adjusted their ratings and price targets, reflecting a cautious outlook on the company's performance. Malibu Boats, a leading power boats manufacturer, has seen a significant revenue decline of -37.69% over the past 3 months, with a market capitalization below industry averages, despite strong net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 2:02 pm

PNR

Analysts have provided diverse ratings for Pentair (NYSE:PNR), with 14 ratings ranging from bullish to bearish over the last three months. The average 12-month price target for PNR has been raised to $90.64, indicating a 9.2% increase from the previous target of $83.00. Pentair, a global leader in water treatment, reported a revenue of approximately $4.1 billion in 2023 but faced a slight decline in revenue growth by -1.82% as of December 31, 2023. Despite this, the company's financial performance remains strong with a net margin of 21.13%, ROE of 6.65%, and ROA of 3.21%, although it has a higher debt-to-equity ratio of 0.65 compared to industry peers.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 2:02 pm