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MSTR

MicroStrategy Inc. co-founder Michael Saylor emphasized Bitcoin's potential as an institutional asset class and store of value, predicting 2024 as the year Bitcoin becomes an institutional-grade asset. He compared Bitcoin's evolution to significant financial milestones like the creation of gold ETFs and the S&P index ETF. Saylor highlighted Bitcoin's transition from an unregulated retail asset to a regulated institutional asset, likening it to the digital transformation seen in tech companies like Microsoft, Google, and Apple. He also mentioned the growth of new job opportunities within the Bitcoin industry and argued that Bitcoin ETFs represent a catalytic moment, shifting the narrative towards Bitcoin as a significant store of value.

Portfolio Pulse from Murtuza Merchant

February 07, 2024 | 5:42 pm

FCX

Freeport-McMoRan (NYSE:FCX) announced Kathleen L. Quirk as its new CEO, effective June 11. Quirk, with the company since 1989 and previously CFO and President, succeeds Richard Adkerson, who remains Chairman. The leadership transition is part of a strategic plan, with Quirk's extensive experience expected to continue Freeport's successful trajectory in the mining industry. The company anticipates $5.8 billion in operating cash flows in 2024, with significant sales volumes of copper, gold, and molybdenum.

Portfolio Pulse from Stjepan Kalinic

February 07, 2024 | 5:23 pm

ARWR

Arrowhead Pharma (NASDAQ:ARWR) has received mixed analyst ratings over the last quarter, with a shift towards a more bullish stance in the last 30 days. The average 12-month price target for ARWR has increased by 22.23% to $42.17, with a high estimate of $50.00 and a low of $29.00. Analyst actions include maintaining, raising, and lowering ratings, reflecting dynamic market conditions and company performance. Arrowhead Pharma, a biotech firm focusing on genetic disease treatments, faces challenges with a -49.02% revenue decline and below-average profitability metrics as of September 30, 2023.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:01 pm

ARMK

In the last three months, 4 analysts have shared diverse evaluations of Aramark (NYSE:ARMK), with recent ratings ranging from indifferent to bullish. The average 12-month price target for Aramark is now $31.25, up from $27.00, indicating a positive outlook. Analysts from RBC Capital, Goldman Sachs, Truist Securities, and Morgan Stanley have provided updates, with price targets ranging from $26.00 to $33.00. Aramark's financials show strong revenue growth, net margin, ROE, and ROA, with a balanced debt approach.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:00 pm

PJT

Analyst ratings for PJT Partners (NYSE:PJT) have shown a diverse range of opinions, with recent updates indicating a generally positive outlook. The average 12-month price target has been raised to $101.2, reflecting a 2.48% increase from the previous target. Analyst actions from firms like JMP Securities, UBS, Goldman Sachs, and Wolfe Research have varied, with price targets adjusted accordingly. PJT Partners, an advisory-focused investment bank, has shown solid revenue growth and strong financial performance metrics such as ROE and ROA, despite facing challenges in market capitalization and net margin.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:00 pm

LIN

Wells Fargo has reaffirmed its Overweight rating on Linde (NASDAQ:LIN) and increased its price target from $470.00 to $480.00. Linde's shares have risen 0.63% in the last 24 hours to $418.18. The new price target suggests a potential 14.78% upside. Linde, the world's largest industrial gas supplier, reported $33 billion in revenue and $5.4 billion in GAAP operating profit for 2022.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:00 pm

MSGE

Madison Square Garden Entertainment Corp. (NYSE:MSGE) reported Q2 earnings with revenue of $402.66 million, surpassing the analyst consensus of $301.83 million, a 13% increase year over year. Adjusted operating income rose to $151.0 million, up $24.7 million from the previous year. The increase in revenue was attributed to more concerts, live entertainment, and sporting events. The company has raised its fiscal 2024 revenue and income guidance, leading to a 4.61% increase in MSGE shares to $36.19.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 4:53 pm

AOSL

Alpha and Omega Semiconductor (AOSL) shares are trading lower following the announcement of their Q2 financial results and the issuance of Q3 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:39 pm

SPY

Fed's Kugler comments on moderating wage growth and its impact on prices, indicating a potential easing of inflationary pressures.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:36 pm

SPY

Fed's Kugler comments on rapid disinflation in the second half of 2023, noting persistent housing inflation but expecting it to decrease. Emphasizes monitoring services excluding housing for further declines.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:35 pm