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Revenues

PHG

Philips projects a 3-5% comparable sales growth and an adjusted EBITA margin of 11-11.5% for the year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:46 am

AMZN

CMCSA

DIS

NFLX

Amazon.com Inc (NASDAQ:AMZN) is set to introduce ads on its Prime Video platform, which could significantly boost its $38 billion advertising business. This move positions Amazon as a strong competitor in the streaming ad market, challenging traditional TV networks and digital platforms. Wall Street analysts estimate that this could generate over $5 billion in revenue for Amazon. The company's advertising rates are competitive, and it has received a positive response from agencies. Amazon's success in advertising is not guaranteed, as it competes with established players like Walt Disney Co (NYSE:DIS) and Comcast Corporation (NASDAQ:CMCSA), and Prime Video only accounts for 3.3% of U.S. TV-watching time.

Portfolio Pulse from Bibhu Pattnaik

January 27, 2024 | 8:21 pm

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

AAPL

The article celebrates the 14th anniversary of the Apple iPad, highlighting its success and impact on Apple Inc.'s (AAPL) business. It details the iPad's introduction by Steve Jobs, its sales milestones, and the evolution of the product line. The article also compares the investment returns of $1,000 in Apple stock since the iPad's launch to the same investment in Nasdaq and S&P 500 index funds, showing Apple's significant outperformance. Additionally, it mentions other successful Apple products and the revenue generated by iPads in FY23.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 2:51 pm

UAL

Aviation expert Mike Boyd warns that the Boeing Co (NYSE:BA) 737 Max 9 incident, involving a door blowout on an Alaska Airlines flight, could significantly impact the U.S. economy. The grounding of the Max 9 fleet and potential delays in 737 aircraft orders may disrupt travel and air freight, affecting airlines like United Airlines (NASDAQ:UAL). Boeing's handling of the situation has been criticized, and the FAA has halted Boeing's 737 Max production expansion due to quality control issues.

Portfolio Pulse from Benzinga Neuro

January 27, 2024 | 1:45 am

GTLS

Chart Industries has reaffirmed its medium-term financial goals through 2026, including mid-teens organic revenue growth, a gross profit margin in the mid-30%'s, a double-digit adjusted diluted EPS growth CAGR of mid-40%'s, and a free cash flow conversion rate of 95-100%.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 9:20 pm

CBST

GTBIF

JUSHF

Virginia is progressing towards a regulated cannabis market with the Senate Subcommittee on Cannabis approving Senate Bill 448, aiming to create an equitable marketplace. The bill, merged with SB 423, seeks to avoid preferential treatment for medical marijuana companies. Existing medical cannabis companies like The Cannabist Company Holdings Inc. (CBST), Green Thumb Industries Inc. (GTBIF), and Jushi Holdings Inc. (JUSHF) are expected to have an early advantage. The market is projected to be limited in competition initially, with 300+ retail licenses planned. Social equity is a focus, with a 6% excise tax funding related initiatives. A timeline for the market's development has been set, with recreational sales by medical incumbents starting July 1, 2024. Roanoke College is launching a Cannabis Studies Program in fall 2024.

Portfolio Pulse from Nicolás Jose Rodriguez

January 26, 2024 | 9:07 pm

ASML

ASML Holding (NASDAQ:ASML) has received mixed analyst ratings over the past three months, with 4 analysts offering bullish and somewhat bullish perspectives. The average 12-month price target is $957.0, a significant increase from the previous $782.75, indicating a positive sentiment shift. Analysts from Susquehanna, Raymond James, and JP Morgan have raised their price targets, reflecting confidence in ASML's market performance and financial health. ASML, a leader in photolithography systems for semiconductor manufacturing, shows strong financial indicators such as revenue growth, net margin, ROE, and ROA, and maintains a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 9:01 pm

HES

In the last three months, 4 analysts have published diverse ratings on Hess Corporation (NYSE:HES), with 2 bullish and 2 indifferent ratings. The average 12-month price target is $171.0, down 8.23% from previous estimates. Analysts from Susquehanna, UBS, Argus Research, and Bernstein have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Hess, an independent oil and gas producer, reported net proved reserves of 1.3 billion barrels and an average net production of 344 thousand barrels per day in 2022. The company's financials show a market cap above industry average, a revenue decline of -10.31%, a net margin of 18.0%, an ROE of 5.96%, an ROA of 2.22%, and a debt-to-equity ratio of 1.08.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 9:00 pm

CHDN

DKNG

FOX

FOXA

MGM

The Detroit Lions are one game away from Super Bowl LVIII and face the San Francisco 49ers as a 7.5 point underdog. Sportsbooks like DraftKings, BetMGM, and TwinSpires, units of Churchill Downs, are seeing a high volume of bets on the Lions, which could result in losses for them if the Lions win. The public, especially in Michigan where online betting is legal, is heavily backing the Lions. The game will be aired on FOX.

Portfolio Pulse from Chris Katje

January 26, 2024 | 8:32 pm