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BABA

MCHI

China's proposed $278 billion stimulus to rescue its markets may not be effective, with fears of social unrest and a comparison to the US 2008 recession. The iShares MSCI China ETF (MCHI) is down 4% this year and 37% since inception. Alibaba (BABA) lost 38% in value over the past year. CITIC Securities restricted short selling, and China plans to inject funds into markets via Hong Kong. China's debt-to-GDP ratio hit a record 286%, and there's skepticism about the stimulus' effectiveness and concerns about global contagion risks.

Portfolio Pulse from Caleb Naysmith

January 29, 2024 | 5:00 pm

TMUS

T-Mobile US (NASDAQ:TMUS) has been reviewed by 11 analysts in the last three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target is $183.45, up from $175.86, with a high of $200.00 and a low of $168.00. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. T-Mobile US has shown solid revenue growth, a strong net margin, and efficient asset use, but a below-average return on equity. The company's debt-to-equity ratio is below the industry average, indicating a healthier balance sheet.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:00 pm

BE

Bloom Energy Corp (NYSE:BE) shares dropped after BofA Securities analyst Julien Dumoulin-Smith downgraded the stock from Neutral to Underperform and cut the price target from $16 to $10. The downgrade was due to low visibility into the company's orders and conversions, with revenue growth expected to be flat for 2023-2025. The company's recent change in COO and uncertainties regarding achieving FY23 targets and 2024 growth were also concerns. Additionally, potential risks to the hydrogen outlook could affect future sales, as per the analyst.

Portfolio Pulse from Priya Nigam

January 29, 2024 | 4:50 pm

GM

Auto dealers are expressing a strong interest in hybrid vehicles to General Motors (GM), indicating a demand for a broader mix of powertrains amidst the industry's push towards electric vehicles. This demand suggests that consumers are still interested in hybrid options, which could influence GM's production and sales strategies.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 4:22 pm

CTVA

Eight analysts have recently updated their ratings on Corteva (NYSE:CTVA), with a mix of bullish and indifferent stances. The average 12-month price target is now $51.2, down from $60.70, with a high estimate of $64.00 and a low of $2.59. Analysts have lowered their price targets, reflecting changes in market dynamics and company performance. Corteva, an agriculture company, has seen a -6.73% decline in revenue growth and has below-average net margins and ROE/ROA, but a favorable debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:00 pm

VRNS

Varonis Systems (NASDAQ:VRNS) has received mixed analyst ratings over the past three months, with 7 analysts offering views ranging from somewhat bullish to indifferent. The average 12-month price target for VRNS has been raised to $45.71, up 24.01% from the previous target of $36.86. Analysts from Wells Fargo, DA Davidson, Citigroup, JP Morgan, RBC Capital, and Morgan Stanley have all raised their price targets for VRNS, indicating a positive shift in expectations. Varonis Systems, a cybersecurity vendor, is transitioning to cloud-based services and faces financial challenges such as revenue decline, below-average net margin, and ROE, as well as a cautious approach to debt management.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:00 pm

ARLP

Alliance Resource Partners LP (NASDAQ:ARLP) shares dropped after reporting Q4 earnings and sales that missed expectations. Revenue fell 11.2% Y/Y to $625.4 million, below the consensus of $661.9 million, due to lower coal and oil & gas prices and decreased coal sales volumes. Earnings per unit were $0.88, under the expected $1.14. The company completed $24.8 million in oil & gas mineral interest acquisitions, expects coal sales volumes of 34.0 – 35.8 million short tons for FY24, and anticipates benefits from major infrastructure projects in 2025. ARLP announced a quarterly cash distribution of $0.70 per unit, payable on February 14, 2024.

Portfolio Pulse from Lekha Gupta

January 29, 2024 | 3:46 pm

PALI

Palisade Bio Inc (NASDAQ:PALI) stock surged after announcing preclinical data presentation of PALI-2108 at the Crohn’s & Colitis Congress. PALI-2108, a colon-specific PDE4B inhibitor prodrug for ulcerative colitis, showed promise in preclinical models with reduced toxicity and targeted efficacy. The stock experienced heavy trading volume, significantly higher than its average, and shares were up 125.2% at last check.

Portfolio Pulse from Vandana Singh

January 29, 2024 | 3:15 pm

CRLBF

CURLF

GTBIF

Ohio lawmakers are working on rules for legal adult-use cannabis sales, with optimism for progress in the spring. The state's House Speaker and Senate President are aiming for legislative action following the legalization vote two months ago. Meanwhile, experts at Crain's Cleveland Business Cannabis Summit discussed the potential and challenges of the new market. Companies like Green Thumb Industries, Curaleaf Holdings, and Cresco Labs are preparing for the opportunity.

Portfolio Pulse from Jelena Martinovic

January 29, 2024 | 3:04 pm

GBDC

Analysts have updated their ratings and price targets for Golub Capital BDC (NASDAQ:GBDC), with a current average 12-month price target of $16.25, up from $15.75. The company has shown significant revenue growth and a high net margin, but its ROE is below industry average and it has a high debt-to-equity ratio. Analysts' ratings range from 'Equal-Weight' to 'Outperform', with recent upgrades from Wells Fargo, Raymond James, and Keefe, Bruyette & Woods.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 3:00 pm