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PLD

SLG

XLRE

Real estate stocks fell as mortgage rates rose to a 4-month high, with the Real Estate Select Sector SPDR Fund (XLRE) dropping 0.3%, indicating negative investor sentiment. Mortgage rates reached 7.13%, the highest since early December, amid strong economic data and persistent inflation. Housing starts declined by 14.7% month-over-month in March, with both single-family and multifamily sectors experiencing downturns. Real estate stocks like Prologis, Inc. (PLD) and SL Green Realty Corp. (SLG) saw significant movements.

Portfolio Pulse from Piero Cingari

April 17, 2024 | 3:23 pm

CXAI

CXApp Inc. (NASDAQ:CXAI) reported record double digit Annual Recurring Revenue (ARR) growth for Q4 2023 and a 24% ARR growth for the full year. The company is rebranding to CXAI, emphasizing an AI-centric approach. The growth is attributed to two large Fortune 1000 contracts and a partnership with Google Cloud. Subscription-based revenue constituted 81% of total revenue, with a gross margin of 80%. CXAI shares surged 21.5% to $4.75.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 3:19 pm

PYPL

PayPal Holdings (NASDAQ:PYPL) was analyzed by 17 analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $67.88, reflecting a slight increase from the previous target. Analyst actions include ratings adjustments and price target changes, indicating varied expectations for PayPal's performance. The company, known for its electronic payment solutions and ownership of Venmo, reported a revenue growth of 8.71% and a net margin of 17.47%, outperforming industry standards.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:01 pm

MMM

14 analysts have recently reviewed 3M (NYSE:MMM), showing a mix of opinions with a shift towards a more cautious outlook over the last quarter. The average 12-month price target for 3M has been adjusted to $100.29, down from $105.87, indicating a 5.27% decrease. Analyst actions include various adjustments to ratings and price targets, reflecting changing market dynamics and company performance. 3M's financial health indicators such as market capitalization, revenue growth, net margin, ROE, and ROA suggest a strong financial performance despite a slight revenue decline.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:00 pm

GPI

Group 1 Automotive (NYSE:GPI) has been the subject of varied analyst opinions over the past three months, with recent evaluations showing a shift towards a more bullish outlook. The average 12-month price target for GPI has been raised to $301.25, indicating a 14.76% increase from the previous target. Analysts from JP Morgan, Guggenheim, Morgan Stanley, and Stephens & Co. have adjusted their ratings and price targets, reflecting their response to the company's performance and market conditions. Group 1 Automotive's financial performance has been strong, with a revenue growth rate of 10.1% and superior net margin and ROE compared to industry benchmarks. The company operates 199 automotive dealerships and 41 collision centers in the US and the UK, with significant operations in Texas and the UK.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:00 pm

CBRL

In the past three months, 6 analysts have shared diverse evaluations of Cracker Barrel Old (NASDAQ:CBRL), with sentiments ranging from indifferent to bearish. The average 12-month price target for CBRL has been adjusted to $70.17, marking a 2.99% decrease. Analyst actions include both lowering and raising price targets, reflecting changes in market conditions and company performance. Cracker Barrel operates full-service restaurants in the U.S., with significant revenue from its retail segment. Financially, the company shows strong performance with a notable net margin of 2.84% and ROE of 5.75%, despite a lower than average revenue growth rate of 0.16% in the Consumer Discretionary sector.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:00 pm

EQIX

Equinix (NASDAQ:EQIX) received mixed analyst ratings with a shift towards a more positive outlook, as evidenced by an increase in the average 12-month price target to $795.92 from $752.70. The company operates 260 data centers globally and has shown a revenue growth rate of 12.81% as of December 31, 2023. Despite its revenue growth, Equinix faces challenges in profitability and efficiency, with below-average net margin, ROE, and ROA. The company's financial structure is sound, with a debt-to-equity ratio of 1.4.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:00 pm

FTEC

MSFT

XLK

LinkedIn, owned by Microsoft Corp (NASDAQ:MSFT), has introduced a Premium Company Page subscription for small and medium-sized businesses, offering AI-generated content and tools to boost visibility for up to $99 per month. This move is part of LinkedIn's strategy to diversify revenue streams, which saw a 25% increase in premium subscription revenue in 2023, reaching $1.7 billion. LinkedIn is also expanding into influencer marketing and short-form video content, competing with platforms like Instagram, TikTok, YouTube, Snapchat, and Netflix. MSFT stock has risen 44% in the last 12 months, with exposure available through ETFs like SPDR Select Sector Fund – Technology (NYSE:XLK) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC).

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 2:52 pm

AAPL

NVDA

Foxconn, a key supplier to Apple Inc, has initiated a rotating CEO system as part of its management restructuring for future leadership preparation. This move aims to separate the CEO and chairperson roles, improve corporate governance, and develop new talent. The system will involve executives from Foxconn's six main business sectors but will exclude operations of its major listed subsidiaries. Additionally, Foxconn reported a first-quarter revenue decline and announced a partnership with Nvidia Corp to enter the AI server market.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 2:45 pm

UAL

United Airlines CEO announced in a conference call that the company is experiencing continued positive momentum and bookings across all customer segments.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:43 pm