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Revenues

AAPL

NVDA

VGT

XLK

Apple Inc (AAPL) is expanding its supplier network in China while also growing its presence in Southeast Asia and India, despite geopolitical tensions and a tech conflict between the U.S. and China. The company has increased its China-based suppliers, reducing reliance on other countries, and has seen a surge in suppliers in Vietnam and Thailand. Despite diversification efforts, China remains a significant part of Apple's supply chain. Apple's global shipments dropped nearly 10%, with softening demand in China, where it offered iPhone 15 series discounts. Morgan Stanley anticipates a slight revenue increase for the March quarter but expects a significant downward revision for June quarter guidance. Apple stock has gained 4% in the last 12 months, and exposure to AAPL can be gained through ETFs like VGT and XLK.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 1:26 pm

OPY

Oppenheimer Holdings (OPY) reported a significant increase in Q1 earnings per share, rising 94.26% to $2.37 from $1.22 YoY. Sales also increased by 9.78% to $353.14M from $321.68M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:20 pm

SGD

Safe And Green Development (SGD) has executed a contract to sell its Lago Vista site. The closing of this transaction is expected to result in approximately $5 million in revenue for SGD.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:06 pm

CRLBF

GTBIF

TCNNF

Pennsylvania is considering a state-run model for recreational marijuana distribution, similar to its liquor store system, as part of efforts to legalize cannabis. Governor Josh Shapiro supports this approach to regulate, tax, and leverage cannabis sales for state revenue and social reform, projecting $250 million annually within five years. The state Senate, traditionally GOP-dominated, is open to legalization discussions. The House proposes state-run shops, while the Senate suggests using existing medical dispensaries. Cresco Labs (CRLBF) and Trulieve (TCNNF) support the Senate's model, emphasizing market readiness and safety. The industry is divided on Shapiro's proposed 20% cannabis tax. Pennsylvania cannabis companies like Cresco Labs, Green Thumb Industries (GTBIF), and others have shown resilience, with a 3% increase in Q1 2024, despite broader economic challenges. The Pennsylvania Liquor Control Board (PLCB) is considered a potential manager for cannabis sales, highlighting the need for clear regulatory guidance.

Portfolio Pulse from Nicolás Jose Rodriguez

April 26, 2024 | 1:04 pm

BYDDY

China introduces a subsidy of up to 10,000 yuan ($1,379.98) for trading in old vehicles for new energy-efficient ones, valid until the end of 2024. This move aims to boost consumer sentiment and increase EV adoption in the world's largest auto market. BYD Co, backed by Warren Buffett, leads the Chinese EV market with a 13.44% year-on-year sales increase in the first quarter.

Portfolio Pulse from Anan Ashraf

April 26, 2024 | 1:03 pm

RYTM

Analyst ratings for Rhythm Pharmaceuticals (NASDAQ:RYTM) show a mix of bullish to bearish sentiments, with a recent shift towards a more cautious outlook. The average 12-month price target has been adjusted to $50.5, down from $53.00, indicating a 4.72% decrease. The company's financial performance shows significant revenue growth of 175.7% as of December 31, 2023, but challenges in net margin, ROE, and ROA persist. Rhythm Pharmaceuticals is focused on developing therapies for rare diseases, with setmelanotide (RM 493) as its leading product candidate.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 1:01 pm

TMUS

Analyst ratings for T-Mobile US (NASDAQ:TMUS) show a mix of bullish and somewhat bullish sentiments, with recent updates indicating an average 12-month price target of $189.00, up from $185.00. The ratings come from six analysts, with actions including raises and maintains on the stock's outlook. T-Mobile's financial performance is highlighted by its market capitalization, revenue growth, net margin, ROE, ROA, and debt management, positioning it strongly in the market.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 1:01 pm

AOS

A.O. Smith (NYSE:AOS) has been the subject of recent analyst evaluations, with 4 neutral ratings in the past three months. Analysts have raised their 12-month price targets, indicating an 8.88% increase from the previous average to a new average of $92.00. This adjustment reflects a positive outlook on the company's performance, including a notable revenue growth of 5.56% as of December 31, 2023, a net margin of 13.9%, and an ROE of 7.37%. A.O. Smith's financial health is further highlighted by its low debt-to-equity ratio of 0.08, suggesting a strong financial structure.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 1:00 pm

ARRY

Array Technologies (NASDAQ: ARRY) announced the groundbreaking of a new $50+ million solar manufacturing campus in Bernalillo County, New Mexico, in collaboration with U.S. Energy Secretary Granholm and New Mexico Senators. The facility, supported by the Inflation Reduction Act and state and local investments, aims to create over 300 jobs and strengthen the domestic solar supply chain, marking a significant investment in clean energy and American manufacturing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:48 pm

CL

Colgate-Palmolive (NYSE:CL) reported a 6.2% increase in Q1 FY24 sales to $5.065 billion, surpassing analyst expectations. Organic sales rose by 9.8%, with Oral, Personal, and Home Care net sales up 6.8% to $3.96 billion. Non-GAAP EPS of $0.86 exceeded estimates of $0.81. The company saw gross profit of $3.03 billion and an operating margin expansion to 20.7%. Colgate-Palmolive raised its FY24 net sales growth outlook to 2%-5% and organic sales growth to 5%-7%, maintaining expectations for gross profit margin expansion and mid to high-single-digit EPS growth. Shares increased by 0.85% to $90.05 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 12:44 pm