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Chainalysis reports that 99.6% of cryptocurrency transactions in 2023 were legal, with illicit transactions dropping to 0.34% of total volume. The $24.2 billion sent to illicit addresses in 2023 is a decrease from $39.6 billion in 2022. JPMorgan CEO Jamie Dimon's claims about cryptocurrency's use in illegal activities are contradicted by the report. Bitcoin's use in crime has declined, with stablecoins like Tether now more prevalent in illicit transactions.

Portfolio Pulse from Khyathi Dalal

January 19, 2024 | 8:00 pm

AVY

Avery Dennison (NYSE:AVY) has received mixed analyst ratings over the past three months, with a total of 5 bullish, 1 indifferent, and 1 somewhat bearish ratings. The average 12-month price target for AVY has been raised to $224.00, up from the previous $211.50, with a high estimate of $249.00 and a low of $208.00. Analysts from firms including Truist Securities, UBS, Citigroup, and B of A Securities have updated their ratings and price targets, reflecting changes in market conditions and company performance. Avery Dennison's financials show a market cap above industry average, a revenue decline of -9.44% as of September 30, 2023, a high net margin of 6.59%, an ROE of 6.78%, an ROA of 1.69%, and a low debt-to-equity ratio of 1.61.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:00 pm

SGMO

Sangamo Therapeutics (NASDAQ:SGMO) has received mixed ratings from 4 analysts in the last three months, with 2 bullish and 2 indifferent ratings. The average 12-month price target is $2.25, with a high of $3.00 and a low of $1.00, marking a 59.09% decrease from the previous average. Analysts from HC Wainwright & Co. and RBC Capital have lowered their price targets, while Wells Fargo announced an Equal-Weight rating. Sangamo's financials show a significant revenue decline of -64.48% and a net margin of -1108.35%, with an ROE of -56.52% and an ROA of -38.24%, indicating financial challenges.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 7:00 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares have dropped over 35% in the past five days. Despite this, Bollinger Motors, part of Mullen, has received orders for 40 B4, Class 4 EV trucks, valued at approximately $6 million. The Bollinger B4 is an all-electric commercial truck expected to begin production in mid-2024 and may be eligible for federal incentives. Mullen delivered 35 vehicles in fiscal 2023 with a positive gross margin and invoiced $9.2 million to Randy Marion Automotive Group. MULN shares are currently down 11.6% to $7.94.

Portfolio Pulse from Nabaparna Bhattacharya

January 19, 2024 | 6:14 pm

T

AT&T Inc (NYSE:T) is expected to report Q4 results on Jan. 24, with positive outlook from Oppenheimer analyst Timothy Horan who upgraded the stock to Outperform with a $21 price target. Horan cites the company's transition to a pure connectivity provider, improved network, price increases on unlimited plans, and a high percentage of fiber broadband subscribers as key tailwinds. He also anticipates potential cost-saving synergies from a DirecTV merger and projects a 12% growth in free cash flows to $18.5 billion in fiscal 2024. AT&T shares rose by 1.46% to $16.65.

Portfolio Pulse from Priya Nigam

January 19, 2024 | 5:19 pm

RCL

Analysts have provided diverse evaluations for Royal Caribbean Gr (NYSE:RCL) over the last three months, with 9 different ratings ranging from bullish to bearish. The average 12-month price target is $130.0, up 6.27% from the previous $122.33, with a high estimate of $155.00 and a low of $100.00. Recent actions include rating changes and price target adjustments by analysts from Barclays, Argus Research, Tigress Financial, Truist Securities, Citigroup, Susquehanna, Morgan Stanley, and HSBC. Royal Caribbean operates 64 ships and has 10 more on order, recently divested its Azamara brand, and shows strong revenue growth and net margin but below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:01 pm

BIRK

Birkenstock Holding (NYSE:BIRK) has been evaluated by 18 analysts over the last three months, with a mix of bullish to bearish sentiments. The average 12-month price target is $48.06, down from $48.50. Analysts from firms like Piper Sandler and Stifel have raised their price targets, while others have announced new ratings. Birkenstock's financials show strong revenue growth and net margin but below-average ROE and ROA. The company has a lower debt-to-equity ratio compared to the industry, indicating less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

INTC

Intel (NASDAQ:INTC) received mixed ratings from 14 analysts, with an average 12-month price target of $44.29, up from $38.25. The ratings range from 'Bullish' to 'Bearish', with several analysts raising their price targets. Intel's financial health shows challenges in revenue growth, profitability, and debt management, with key indicators like net margin and ROE below industry benchmarks. Despite being a market leader in CPUs, Intel faces competition and must leverage its manufacturing capabilities effectively.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 4:00 pm

AMAT

Applied Materials (NASDAQ:AMAT) has been analyzed by 8 analysts, showing a range of opinions. The average 12-month price target is now $167.38, up 10.24% from the previous $151.83. Analysts from firms like Raymond James, Barclays, and others have raised their price targets, reflecting a positive outlook on AMAT's performance. Despite a slight revenue decline of -0.39% over 3 months, AMAT's financials are strong, with a high net margin of 29.81% and ROE of 12.75%. The company is a leading semiconductor equipment manufacturer with a significant market presence.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 4:00 pm

KLAC

Over the past three months, 6 analysts have provided diverse opinions on KLA (NASDAQ:KLAC), with recent ratings showing a positive shift in sentiment. The average 12-month price target has increased by 15.42% to $588.33. Analysts from firms like Raymond James, Stifel, Barclays, New Street Research, Redburn Atlantic, and Morgan Stanley have updated their ratings and price targets, reflecting changes in market conditions and KLA's performance. KLA is a major player in semiconductor process control with a strong market position, but it has experienced a revenue decline of -12.02% as of September 30, 2023. Despite this, KLA maintains a high net margin of 30.93% and an exceptional ROE of 25.09%, though it faces challenges with a high debt-to-equity ratio of 2.03.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 4:00 pm