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Revenues

MDXH

MDxHealth SA (NASDAQ:MDXH) has introduced a non-invasive genetic test for hereditary prostate cancer, expanding its prostate cancer diagnostic offerings. The test, which uses a simple saliva sample, aims to provide insights into a patient's risk of developing prostate cancer, disease progression, and response to therapies. This addition is in line with National Comprehensive Cancer Network (NCCN) guidelines and is covered by Medicare and many commercial insurance plans. CEO Michael K. McGarrity believes this will contribute to the company's revenue and growth in the latter half of the year.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:02 pm

BCAN

BLDE

CLRO

CRBU

PACK

RGLS

U.S. stocks traded higher with the S&P 500, Dow, and NASDAQ all posting gains. ClearOne, Inc. announced a special one-time cash dividend, causing its shares to surge 114%. Regulus Therapeutics and Ranpak Holdings also saw significant increases in their stock prices following positive news. Conversely, BYND Cannasoft, Blade Air Mobility, and Caribou Biosciences experienced sharp declines. The U.S. consumer price index for February exceeded expectations, indicating higher inflation than anticipated.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 6:57 pm

AAPL

B of A Securities analyst Wamsi Mohan reiterated a Buy rating on Apple Inc (NASDAQ:AAPL) with a $225 price target, highlighting Apple's effective pricing strategy and services as key drivers of market growth. Apple has expanded its iPhone price range significantly since 2007, catering to both premium and lower segments, which has helped grow its installed base to 1.2 billion in 2023. Despite a decline in unit sales, particularly in China, Apple has increased its market share and dominates the premium segment. The used iPhone market also contributes to Apple's ecosystem, with a notable increase in services revenue per device from $50.59 in 2019 to $73.01 in 2023. Mohan projects Apple's fiscal 2024 revenue at $396.24 billion, above the consensus of $388.05 billion.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 6:52 pm

DLTR

Dollar General Corp (NYSE:DG) is anticipated to report Q4 earnings with an expected revenue of $9.78 billion and EPS of $1.75, compared to last year's $10.2 billion and $2.96 respectively. Analysts highlight the potential impact of SNAP benefits changes and inflation on consumer behavior. JPMorgan upgraded DG from Underweight to Neutral with a price target of $158, citing improved store standards and customer service. Goldman Sachs notes DG's prices are about 5% lower than Family Dollar (NASDAQ:DLTR), potentially influencing consumer choice. The company's 'Back to Basics' strategy and its own private fleet development are also focal points.

Portfolio Pulse from Chris Katje

March 12, 2024 | 6:39 pm

NKE

RBC Capital Markets analyst Piral Dadhania has reiterated an Outperform rating on Nike, Inc. (NYSE:NKE) but lowered the price forecast from $120 to $110 ahead of Nike's Q3 fiscal 2024 earnings release on March 21, 2024. The analyst expects low single-digit revenue growth, a gross profit margin of 45%, and diluted EPS of $0.72. The forecast includes stable inventories and a free cash flow of $1.8 billion, with the strongest growth anticipated in APLA and Greater China, while expecting flat or negative growth in North America and EMEA.

Portfolio Pulse from Nabaparna Bhattacharya

March 12, 2024 | 6:21 pm

SPY

UNG

The U.S. Energy Information Administration (EIA) has increased its forecast for the average retail gasoline price in 2024 by $0.20, now expecting it to be $3.50 per gallon, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:42 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for total petroleum consumption, predicting an increase of 200,000 barrels per day to reach 20.6 million barrels per day by 2025. This is a significant adjustment from the previously forecasted rise of 100,000 barrels per day.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:33 pm

SPY

USO

The U.S. Energy Information Administration (EIA) forecasts that total petroleum consumption will increase by 200,000 barrels per day, reaching 20.4 million barrels per day in 2024, maintaining its previous forecast.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:31 pm

XYL

Analysts have mixed views on Xylem (NYSE:XYL), with recent ratings ranging from bullish to indifferent. The average 12-month price target is $141.17, reflecting an 8.43% increase from the previous target. Xylem's financial performance shows strong revenue growth and net margin, but challenges in ROE and ROA. The company's market presence is solid, with a market cap above industry benchmarks and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:01 pm

MTN

Vail Resorts (NYSE:MTN) has received mixed analyst ratings over the past three months, with a shift towards a more bearish sentiment. The average 12-month price target was adjusted to $248.25, marking a 2.38% decrease. Analysts from firms like Stifel, Morgan Stanley, and JP Morgan have adjusted their price targets and ratings, reflecting concerns over Vail Resorts' financial performance, including a -7.47% revenue decline and challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:00 pm