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PDD

PDD Holdings Inc - ADR (NASDAQ:PDD) shares dropped 4.8% to $125.80, likely due to profit-taking after hitting a new 52-week high post-earnings report. The company reported a 123% year-on-year revenue increase to $12.52 billion for Q4 fiscal 2023, with adjusted earnings per ADS at $2.40, both surpassing expectations. Revenue from online marketing services and transaction services saw significant increases. Comparatively, PDD's earnings growth and valuation metrics position it distinctively against competitors like Amazon, Alibaba, and MercadoLibre.

Portfolio Pulse from Henry Khederian

March 21, 2024 | 2:33 pm

WGO

Winnebago Industries Inc (NYSE:WGO) reported a Q2 FY24 sales decline of 18.8% Y/Y to $703.60 million, missing estimates. Despite lower sales in RV and marine segments, adjusted EPS of $0.93 beat consensus. The company announced future growth targets and noted improving RV inventory levels. WGO shares rose 6.26% to $69.57.

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 2:17 pm

RTX

Raytheon, a business unit of RTX (NYSE:RTX), has been awarded a $1.2 billion contract to supply Germany with additional Patriot air and missile defense systems. This contract includes the latest Patriot Configuration 3+ radars, launchers, command and control stations, and associated support, enhancing Germany's air defense capabilities and interoperability with allies.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:13 pm

BABA

Alibaba.com announced a 14% increase in active U.S. B2B buyers and a 10% growth in average daily transaction volume for the U.S. market during its March Expo from March 1-18, 2024. The platform introduced new guaranteed services for SMEs, reflecting a shift towards online sourcing amid macroeconomic uncertainty and supply chain pressures. A survey revealed 66% of U.S. businesses plan to increase online cross-border purchasing, with competitive pricing and product selection as key motivators.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:10 pm

RMAX

RE/MAX Holdings shares experienced an uptick following a report indicating that February's existing home sales surpassed estimates. This positive news suggests a healthier real estate market, potentially benefiting companies like RE/MAX involved in property sales.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:07 pm

SPY

USA existing home sales for February increased by 9.5%, significantly higher than the previous month's 3.1% increase.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:02 pm

SPY

USA existing home sales in February increased to 4.38 million, surpassing the estimated 3.95 million and the previous month's 4.00 million.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:01 pm

PK

Analysts have mixed views on Park Hotels & Resorts (NYSE:PK), with 6 recent ratings ranging from bullish to indifferent. The average 12-month price target is $20.5, up 14.97% from the previous $17.83. Analysts from firms like Wells Fargo, Truist Securities, and Deutsche Bank have raised their price targets, reflecting optimism. Park Hotels & Resorts, focusing on high-quality assets in the U.S., shows a strong market presence but faces revenue challenges with a -1.2% growth over 3 months. However, its financial performance is solid, with a high net margin of 28.16% and an ROE of 4.74%.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 2:01 pm

MUR

Analysts have recently adjusted their ratings and price targets for Murphy Oil (NYSE:MUR), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $49.00, down 3.54% from previous estimates, with a high of $53.00 and a low of $43.00. The company faces challenges in revenue growth, net margin, ROE, and ROA, indicating potential difficulties ahead. Despite these challenges, some analysts have raised their price targets, while others have lowered them, reflecting a diverse set of opinions on the company's future performance.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 2:00 pm

FN

Fabrinet (NYSE:FN) has been analyzed by 4 analysts, showing diverse perspectives with a shift towards a more bullish outlook in the last 30 days. The average 12-month price target for FN is now $215.0, marking an 11.69% increase from the previous target of $192.50. Analyst actions include ratings adjustments and price target changes, reflecting updated market conditions and company performance. Fabrinet's financial health indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management suggest a strong market position and financial health.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 2:00 pm