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AAPL

Sam Altman, co-founder of OpenAI, praised Apple Inc.'s (NASDAQ:AAPL) Vision Pro, a mixed reality headset, as the second most impressive technology since the iPhone. The device, priced at $3,500, has received endorsements from various high-profile individuals, including James Cameron and former Apple CEO John Sculley. The Vision Pro has generated significant buzz since its pre-order launch in January, with sales exceeding expectations. Nearly 180,000 units were sold through pre-orders, surpassing the anticipated 70,000 to 80,000 units.

Portfolio Pulse from Rounak Jain

February 10, 2024 | 2:11 am

PSTG

In the past three months, 8 analysts have updated their ratings on Pure Storage (NYSE:PSTG), showing a mix of bullish and somewhat bullish perspectives. The average 12-month price target is now $42.62, a slight decrease from the previous $43.50. Analysts have adjusted their ratings and price targets in response to market conditions and company performance, with some raising and others lowering their expectations. Pure Storage has shown strong financial performance, with notable revenue growth, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 9:00 pm

TPX

Analyst evaluations of Tempur Sealy Intl (NYSE:TPX) over the last three months show diverse outlooks, with recent updates indicating a bullish trend. The average 12-month price target has been raised to $57.0, marking a 20% increase from the previous target of $47.50. Key analysts from firms like Keybanc, Raymond James, and Piper Sandler have raised their price targets, reflecting positive sentiment towards TPX's market position and financial health, despite a slight revenue decline of -0.48% in the last quarter.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 9:00 pm

AYRWF

CURLF

GTBIF

PLNHF

VRNOF

As Super Bowl LVIII approaches in Las Vegas, Nevada's cannabis industry is poised to benefit from increased visitor traffic, thanks to legislative reforms and strategic market positioning. The state has raised legal possession limits and removed medical license requirements for retailers. Nevada's cannabis market, valued at $850 million, is stabilizing with slight sales fluctuations but overall strong economic indicators. The market features 104 dispensaries with high revenue per store and wholesale prices. Leading brands and public multi-state operators (MSOs) like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Planet 13 Holdings are key players. Planet 13 stands out for maintaining its market share and enhancing customer experience with innovative offerings.

Portfolio Pulse from Nicolás Jose Rodriguez

February 09, 2024 | 8:58 pm

SMH

The Biden-Harris Administration plans to invest over $5 billion in semiconductor-related R&D and workforce development, including in the National Semiconductor Technology Center (NSTC), as part of the CHIPS and Science Act. This investment aims to advance U.S. leadership in semiconductor R&D, reduce commercialization costs, bolster national security, and support semiconductor job creation. The NSTC, a public-private consortium, will focus on innovation, workforce development, and lowering R&D participation barriers. Additional investments include $200 million in a CHIPS Manufacturing USA Institute and up to $300 million in advanced packaging R&D.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 8:13 pm

SYNA

Synaptics (NASDAQ:SYNA) has received diverse analyst ratings in the last three months, with a shift towards more bullish perspectives in the last 30 days. The average 12-month price target for SYNA is $124.83, reflecting a 3.59% increase from the previous target. Despite the positive analyst sentiment, Synaptics faces economic challenges, including a significant revenue decline of -46.95% as of September 30, 2023, and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 8:00 pm

MKSI

MKS Instruments (NASDAQ:MKSI) received varied analyst ratings, with a recent shift towards more bullish views. The average 12-month price target was raised to $128.75, up 23.8% from $104.00, reflecting positive adjustments by analysts from Keybanc, Benchmark, and Needham. Despite this optimism, MKS Instruments faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management, indicating potential financial difficulties.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 8:00 pm

ROAD

Construction Partners, Inc. (ROAD) shares are trading lower following the announcement of their Q1 financial results and the issuance of FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:49 pm

SPY

Federal Reserve official Logan stated that supply chains have largely returned to normal. This comment suggests an easing of the supply chain disruptions that have impacted the economy and inflation over the past months. While the article does not directly mention the impact on specific stocks or sectors, the normalization of supply chains can have broad implications for the market.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:20 pm

SPY

Fed's Logan stated the U.S. economy is currently in a 'good place,' with expectations for inflation to remain near target and the labor market to loosen while remaining robust. This outlook suggests a balanced approach to monetary policy.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:14 pm