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Revenues

GLBE

SHOP

Global-E Online Ltd. (NASDAQ:GLBE) reported a Q4 fiscal 2023 sales growth of 32.6% year-over-year to $185.40 million, surpassing expectations. The company's Gross Merchandise Value (GMV) increased by 42% Y/Y to $1.19 billion, and adjusted gross profit rose by 37% Y/Y to $79.12 million. Despite these positive results, GLBE's shares fell by 12% due to a lower-than-expected Q1 revenue forecast of $138.5 million-$145 million, below the consensus of $150.48 million. The company also renewed its strategic partnership with Shopify Inc. (NYSE:SHOP).

Portfolio Pulse from Akanksha Bakshi

February 21, 2024 | 3:53 pm

LVS

SWAV

This week's investment highlights include a reversal of economic trends, with the CPI and PPI coming in hot, suggesting a 'higher for longer' interest rate environment. Retail sales weakened while manufacturing exceeded expectations, reversing previous trends. Shockwave Medical (SWAV) outperformed earnings expectations and is expanding its market share. Macau's visitation for Chinese New Year exceeded expectations, benefiting Las Vegas Sands (LVS). Japan entered recession, impacting its economy and currency. Oil prices are predicted to remain range-bound for the year, according to energy expert Tracy Shuchart.

Portfolio Pulse from Gary Brode

February 21, 2024 | 3:23 pm

WPM

Wheaton Precious Metals announced its 2023 production and sales results, meeting its annual production guidance and forecasting a 40% increase in production over the next five years to over 800,000 GEOs by 2028. The company highlighted strong performances from Salobo and Constancia, expansion of its portfolio with eight development assets, and adjustments in commodity price assumptions for 2024. Wheaton anticipates growth from operating and development projects, with significant increases in production expected from 2029 to 2033.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:16 pm

WSC

WillScot Mobile Mini (NASDAQ:WSC) received mixed analyst ratings, with an updated average 12-month price target of $53.2, reflecting a 1.82% increase from the previous target. Analysts from firms like Stifel, Deutsche Bank, and Oppenheimer have raised their price targets, indicating a positive outlook on the company's performance. WillScot Mobile Mini, a provider of flexible workspace and portable storage solutions, shows strong financial health with a notable revenue growth rate of 4.64% and exceptional net margin of 15.13%, despite a high debt-to-equity ratio of 2.84.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:01 pm

CNP

Analyst ratings for CenterPoint Energy (NYSE:CNP) over the last quarter show mixed sentiments, with recent adjustments in ratings and price targets by analysts from Mizuho, Evercore ISI Group, Barclays, and Keybanc. The average 12-month price target is now $29.5, reflecting a 2.61% increase from the previous target. CenterPoint Energy's financial performance shows a negative revenue trend but strong profitability metrics, including a net margin of 13.76% and ROE of 2.67%. The company's debt-to-equity ratio is high at 1.91, indicating a reliance on borrowed funds.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:00 pm

KBR

KBR (NYSE:KBR) received mixed analyst ratings with 3 bullish and 1 somewhat bullish out of 4 total ratings. Analysts adjusted their 12-month price targets, resulting in an average target of $67.75, up from $66.00. Actions included ratings and target adjustments by analysts from Stifel, UBS, Citigroup, and Keybanc. KBR's financial performance shows revenue growth but challenges in profitability, debt management, and returns. The company operates globally in engineering and construction with $6.6 billion revenue in 2022.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:00 pm

MDT

Recent analyst ratings for Medtronic (NYSE:MDT) show a mix of bullish and indifferent stances, with an updated average 12-month price target of $91.75, marking a 5.46% increase from the previous target. Analysts from Mizuho, Truist Securities, and RBC Capital have raised their price targets, reflecting optimism about Medtronic's market position and financial health. Despite this, Medtronic's financial indicators such as ROE and ROA are below industry standards, suggesting challenges in capital and asset utilization.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:00 pm

CAG

GIS

K

KHC

NVO

At the Consumer Analyst Group of New York Conference, Conagra Brands Inc's executive expressed optimism about the company's potential to grow despite concerns over sales declines due to the popularity of weight-loss drugs like Novo Nordisk's Ozempic and Wegovy. Conagra plans to cater to this demographic by offering tailored products such as frozen meals and snacks. Competitors like The Kraft Heinz Company, Kellanova Co, and General Mills Inc are also navigating the impact of these drugs on consumer food preferences. Conagra's revenue has grown at an average rate of 3.79% annually over the past 5 years, with an expected 9.1% upside in 2025.

Portfolio Pulse from Vandana Singh

February 21, 2024 | 2:54 pm

SEDG

SolarEdge Technologies (SEDG) forecasts Q1 2024 revenue to be significantly below consensus estimates, ranging from $175M to $215M against an expected $406.29M. The company anticipates a non-GAAP gross margin between -3% to +1%, factoring in an 850 basis points net IRA manufacturing tax credit. Non-GAAP operating expenses are projected to be between $122M to $130M, with solar segment revenues expected between $160M to $200M and a gross margin of 1% to 5%, including a 900 basis points net IRA tax credit.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:36 pm

BABA

PDD

Chinese e-commerce giants Shein and Temu, owned by PDD Holdings Inc (NASDAQ:PDD), are significantly increasing air freight costs due to the volume of packages they send to the U.S. daily. TikTok Shop and Alibaba Group Holding Ltd (NYSE:BABA) also contribute to the air cargo demand. Temu's expansion in Korea and Japan has led to a substantial increase in subscribers, challenging traditional e-commerce platforms and further pressuring air cargo capacity.

Portfolio Pulse from Surbhi Jain

February 21, 2024 | 2:14 pm