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DOCS

Doximity (NYSE:DOCS) has been analyzed by 6 analysts, showing a shift towards a more neutral stance in the last three months with 5 indifferent ratings recently. The average 12-month price target for DOCS is now $29.17, up from $26.00, indicating a 12.19% increase. The company's financial health appears strong, with significant revenue growth, high net margin, and efficient asset and equity management. Analysts' actions and price target adjustments reflect their response to Doximity's performance and market conditions.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 12:00 pm

TSLA

Tesla Inc.'s sales of China-made vehicles increased by nearly 48% in March compared to February, with a total of 89,064 units sold. Despite this monthly increase, the sales were flat compared to March 2023. For Q1, Tesla delivered 220,681 China-made cars, with analyst Gary Black estimating a total of 133,700 EVs sold in China for the quarter, marking a 2% year-over-year decline and a 22.2% drop from the previous quarter. Tesla's global deliveries for the quarter are expected to be around 431,000 units, potentially marking the first year-over-year decline since 2020. Tesla's stock fell 0.55% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

April 02, 2024 | 11:51 am

MEG

Montrose Environmental Group has increased its 2024 revenue forecast from the range of $675M-$725M to $690M-$740M, surpassing the estimated $695.74M. Additionally, the company has raised its adjusted EBITDA outlook from $90M-$95M to $95M-$100M.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:18 am

CALM

GRTS

PAYX

PLAY

PVH

U.S. stock futures are trading lower, with focus on Paychex, PVH, Dave & Buster's, Gritstone bio, and Cal-Maine Foods due to earnings reports and financial forecasts. Paychex is expected to report earnings of $1.37 per share, while PVH reported higher than expected Q4 results but anticipates a revenue decline. Dave & Buster's and Cal-Maine are also set to report their earnings, and Gritstone bio announced a $32.5 million public offering.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 11:14 am

GE Vernova, a division of General Electric, has outlined its financial outlook up to 2028, aiming for mid-single digit organic revenue growth, approximately $10 billion in operating profit, a 10% adjusted EBITDA margin, and a free cash flow conversion rate of 90-110%.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:45 am

CTRE

CareTrust REIT has expanded its portfolio by acquiring three Southern California Continuing Care Retirement Communities (CCRCs) for $60M. The acquisition includes Torrey Pines Senior Living in San Diego for $32.3M, which has been added to CareTrust's master lease with Bayshire. The annual cash rent for the first year is about $2.6M, rising to $3M in the second year, with CPI-based annual escalators thereafter.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:11 am

CALM

CURV

DOMA

PAYX

PLAY

U.S. stocks closed mostly lower with the Dow Jones falling over 200 points despite an improvement in the CNN Money Fear and Greed index, which remained in the 'Greed' zone. Inflation rates and personal spending rose, while U.S. construction spending fell. Torrid Holdings and Doma Holdings saw significant movements with Doma entering a merger to go private. Most S&P 500 sectors closed lower except for communication services and energy. Investors await earnings from Cal-Maine Foods, Dave & Buster's, and Paychex.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 8:19 am

BTCUSD

Ken Griffin, founder of Citadel, warned investors about modest economic growth and the rising U.S. national debt, emphasizing the irresponsibility of current borrowing practices. He predicts a below-potential economic growth due to a challenging landscape, with net interest spending expected to hit 3.1% of GDP in 2023. Despite these concerns, Griffin sees potential benefits for consumers from falling inflation and rising wages, and expects improvements in fixed-income markets. Citadel's flagship hedge fund gained 15.3% last year, managing about $59 billion.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 8:18 am

SRG

Seritage Growth Properties reported a FY23 EPS of $(2.85), a decrease from $(1.59) YoY. Sales also declined to $20.78M from $107.06M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:52 am

TSLA

XIACF

Xiaomi Corp's shares surged nearly 15% following the launch of its first EV, the SU7, priced $4,000 lower than Tesla's Model 3. The SU7 received 88,898 pre-orders within 24 hours, indicating strong market demand. Other Chinese EV makers like Xpeng and Nio have responded with price cuts, amidst a slowdown in China's new energy vehicle market growth. Xiaomi aims to attract 20 million premium users in China with the SU7, having received 120,000 orders within 36 hours of launch.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 3:17 am