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AGFY

Agrify Corporation's stock (AGFY) is trading higher following the announcement of a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 3:27 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) stock rose 3.2% following Taiwan Semiconductor Mfg. Co. Ltd.'s (TSMC) strong Q4 financial results. TSMC's revenue was $19.62 billion, slightly down year-on-year but above estimates, and EPS was $1.44, surpassing expectations. The semiconductor industry often moves in sympathy with its key players, suggesting increased investor confidence in the sector.

Portfolio Pulse from Henry Khederian

January 18, 2024 | 3:02 pm

AA

Alcoa Corp (NYSE:AA) has received mixed analyst ratings over the past three months, with a total of 5 indifferent, 2 somewhat bearish, and 1 bearish rating. The average 12-month price target among analysts is $28.44, with a high of $36.00 and a low of $25.00, reflecting a 2.5% decrease in the average target. Analysts from BMO Capital, UBS, B of A Securities, B. Riley Securities, Morgan Stanley, and HSBC have made various adjustments to their ratings and price targets for Alcoa. The company's financial performance shows a decline in revenue growth, below-average net margin, ROE, and ROA, but a balanced debt-to-equity ratio. Alcoa is a major player in the aluminum industry, with its revenue and profitability closely tied to commodity prices.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:00 pm

EQT

Analysts have diverse opinions on EQT Corporation (NYSE:EQT), with 6 analysts offering ratings in the last three months. The average 12-month price target for EQT is $48.33, up from $47.50, with a high estimate of $53.00 and a low of $39.00. Recent actions include maintaining, raising, and lowering ratings and price targets. EQT is an independent natural gas production company with a focus on the Marcellus and Utica shales. Financially, EQT has a market cap below industry average, a significant revenue decline of -72.73% as of September 30, 2023, a net margin of 8.06%, ROE of 0.62%, ROA of 0.35%, and a debt-to-equity ratio of 0.42.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:00 pm

GS

Over the past three months, 8 analysts have provided diverse ratings for Goldman Sachs Group (NYSE:GS), with a recent shift towards more bullish sentiment. The average 12-month price target is now $430.75, up 6.51% from the previous target. Analysts from firms like BMO Capital, JMP Securities, and Oppenheimer have raised their price targets, reflecting positive expectations for GS's stock performance. Despite this, GS faces challenges with a revenue decline of -4.22% as of December 31, 2023, and below-average ROE and ROA, indicating potential inefficiencies. However, a strong net margin of 16.5% suggests profitability and effective cost control.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:00 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) has announced an upsized private placement offering, raising approximately $35 million through the sale of 8,158,510 units at $4.29 each. Each unit includes one common share and one warrant, either series A or B, which allows the holder to purchase additional shares at $4.83. The funds will be used to pay down debt, for working capital, and other corporate purposes. This follows a significant debt reduction and cost-cutting by the company since the start of fiscal 2023. The private placement is expected to close on January 19, 2024. Canopy's shares saw a pre-market drop of 2.78% to $4.55.

Portfolio Pulse from Jelena Martinovic

January 18, 2024 | 2:24 pm

WNS

Shares of WNS (Holdings) Limited (NYSE:WNS) are on the rise following the company's Q3 FY2024 report, which surpassed consensus estimates with revenue of $315.9 million and adjusted EPS of $1.18. The company also reported a year-over-year profit increase to $39.6 million, attributed to revenue growth, improved productivity, and a one-time tax benefit. WNS updated its FY2024 revenue forecast to $1.27-$1.292 billion and adjusted EPS to $4.27-$4.39. The firm added new global headquarters in New York and London, indicating a strategic decentralization of leadership.

Portfolio Pulse from Nabaparna Bhattacharya

January 18, 2024 | 2:10 pm

WINT

Windtree Therapeutics has entered into an agreement to develop and commercialize its drug candidates in China, with the potential to receive up to $138.1 million in milestone payments and low double-digit royalties. This deal aims to support Windtree's treatments for acute heart failure and cardiogenic shock, addressing an unmet medical need in China.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:04 pm

KIQ

Kelso Technologies Inc. is establishing a Phase-One production facility in West Kelowna, BC, Canada, through its subsidiary KIQ X Industries. The facility will convert heavy-duty vehicles using the Company's proprietary Automated Traction Optimization Method for Vehicle Suspension Systems, targeting customers operating in extreme terrain environments. The Method is a specialized ADAS software system for commercial wilderness applications and is now compliant for sales. The Phase-One facility, which does not require new capital, is expected to generate approximately $25 million of annual revenue starting in late 2024 and can scale up to $100 million per year. Kelso Technologies focuses on safety technology solutions for various wilderness-related industries.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:03 pm

SBGI

Sinclair, Inc. (NASDAQ:SBGI) has renewed its distribution agreement with the National Content & Technology Cooperative (NCTC), ensuring continued access to Sinclair's owned/operated local stations and the Sinclair-owned Tennis Channel for NCTC's member companies. NCTC serves a significant portion of U.S. broadband and video connected households and represents nearly 700 cable and broadband operators across all 50 states.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:00 pm