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Revenues

NKLA

Nikola Corporation (NASDAQ:NKLA) shares dropped after announcing the opening of a new HYLA high-pressure modular refueling station in Southern California and reporting a decrease in first-quarter sales from $10.7 million a year ago to $7.5 million. The company also delayed the delivery timeline for its reworked battery trucks to the end of 2024. Despite these challenges, Nikola maintains a dominant market share of HVIP vouchers for Class 8 FCEVs.

Portfolio Pulse from Nabaparna Bhattacharya

May 08, 2024 | 2:11 pm

CTV

Innovid (NYSE:CTV) has received mixed analyst ratings over the past three months, with recent updates showing a positive shift in sentiment. The average 12-month price target for Innovid is now $2.39, marking a 34.27% increase from the previous target of $1.78. Analysts from Needham and Morgan Stanley have raised their price targets, reflecting optimism about the company's performance. Innovid's financials show a positive revenue trend with a 14.6% growth rate and strong profitability indicators, despite a market capitalization below industry averages.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:01 pm

MWA

Analysts have varied opinions on Mueller Water Products (NYSE:MWA), with recent ratings ranging from neutral to outperform. The average 12-month price target has increased to $18.75, up 19.66% from $15.67. Analyst actions include rating adjustments and target changes, reflecting a positive outlook on the company's performance, especially in revenue growth and financial health. Mueller Water Products, known for its water transmission and distribution products, shows strong market performance with significant revenue growth and efficient cost management.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:01 pm

WAT

Waters Corporation (NYSE:WAT) has been analyzed by four financial analysts, showing a shift towards a more cautious stance over the last quarter with three indifferent and one somewhat bearish rating. The 12-month price targets suggest a bullish outlook with an average target of $321.00, up from $311.00, indicating a 3.22% increase. Analyst actions include both raises and lowers in ratings and price targets, reflecting varied perspectives on the company's performance and market conditions. Waters's financial overview highlights challenges such as a -4.55% revenue decline and a high debt-to-equity ratio, yet also points to strong profitability metrics like a 26.38% net margin and a 21.03% ROE.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:00 pm

EXLS

ExlService Holdings (NASDAQ:EXLS) received mixed analyst ratings over the past three months, with a recent shift towards a more bullish outlook. The average 12-month price target was raised to $37.71, indicating a 3.8% increase from the previous target. Analysts from firms including Needham, Wedbush, Citigroup, and TD Cowen have maintained or adjusted their ratings and price targets, reflecting dynamic market conditions and company performance. ExlService Holdings, a business process management company, has shown strong financial performance with a revenue growth rate of 8.95% and above-average net margin and ROE.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:00 pm

SPY

USA Wholesale Trade Sales for March showed a decrease of 1.3% compared to a 2.0% increase in the previous month, indicating a slowdown in wholesale trade activity.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:00 pm

HSIC

Henry Schein (NASDAQ:HSIC) has been the subject of diverse analyst ratings over the last three months, with 7 analysts offering views that range from bullish to bearish. The average 12-month price target for HSIC has been raised to $83.71, up 5.3% from the previous $79.50. Analyst actions include both upgrades and downgrades, with price targets ranging from $78.00 to $90.00. Despite a negative revenue trend showing a 10.5% decline, Henry Schein's financial performance indicators such as net margin, ROE, and ROA outperform industry averages, suggesting strong profitability and effective asset utilization.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:00 pm

INTC

Intel shares are trading lower following the company's announcement that it expects Q2 revenue to fall below its original midpoint. This is due to the US Department of Commerce revoking certain licenses for China customers, impacting Intel's business operations and revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:53 pm

BTCUSD

ETHUSD

USDTUSD

A report by 10x Research labels Ethereum (ETH) as the underperformer of this cycle in the cryptocurrency market, citing its slow adaptation to market demands and technological advancements. Despite its strong historical correlation with Bitcoin (BTC), Ethereum's market dominance has declined, and it faces challenges such as regulatory uncertainties in the U.S., a decrease in transaction demand indicated by falling ETH Gas fees, and losing ground in the stablecoin arena to Tron. The report predicts a bearish outlook for Ethereum, impacting its valuation and adoption.

Portfolio Pulse from Murtuza Merchant

May 08, 2024 | 1:52 pm

LPX

Louisiana-Pacific Corp (NYSE:LPX) reported Q1 2024 results surpassing Wall Street expectations with a 24% YoY net sales increase to $724 million, driven by strong demand in the Siding sector and Oriented Strand Board (OSB) sales. Adjusted EPS rose to $1.53 from $0.34 YoY, and adjusted EBITDA increased to $182 million. The company raised its 2024 outlook, expecting higher Siding net sales growth and consolidated Adjusted EBITDA. LPX shares surged 8.39% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

May 08, 2024 | 1:26 pm