Streetbeat News

Revenues

STXUSD

Stacks (CRYPTO: STX) has seen a 3.53% price drop in the last 24 hours, continuing a weekly downward trend with a 14.0% loss. The volatility is highlighted by the Bollinger Bands in the provided chart. Trading volume has decreased by 86.0%, while the circulating supply slightly increased by 0.1%. Stacks's market cap is currently $2.24 billion, ranking it 42nd.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 7:03 pm

SPY

The Federal Reserve released its Beige Book for January 2024, providing insights into the current economic conditions across its 12 districts. The report is a compilation of anecdotal evidence on economic conditions and is used by the Federal Open Market Committee (FOMC) to make decisions on monetary policy. The Beige Book is an important indicator for investors as it can influence market expectations regarding interest rates and the overall economic outlook.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:01 pm

NTRA

Natera (NASDAQ:NTRA) has been analyzed by 9 analysts in the last three months, with a mix of bullish and somewhat bullish ratings, and no indifferent, somewhat bearish, or bearish ratings. The 12-month price target average for NTRA has increased by 2.15% to $71.33. Analysts from firms such as Stephens & Co., BTIG, Goldman Sachs, Guggenheim, TD Cowen, Raymond James, Morgan Stanley, and UBS have provided updates on their ratings and price targets for Natera. The company's financial performance shows a revenue growth rate of 27.38% as of September 30, 2023, a net margin of -40.64%, an ROE of -15.79%, an ROA of -8.09%, and a debt-to-equity ratio of 0.56.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 7:00 pm

BKNG

TCOM

Mizuho analyst James Lee has reiterated a Buy rating on Trip.com Group Ltd (TCOM) with a price target of $55.00, citing the expansion of China's outbound travel as a key growth driver. Lee expects a strong rebound in revenue and profitability for FY24 as outbound flight capacity aligns with demand. He notes that outbound margins are double those of domestic travel and anticipates supportive policies to further boost outbound travel. The price target is based on a 20x multiple of 2025E EBITDA, slightly higher than Booking Holdings Inc (BKNG), reflecting the faster growth expected in China's travel market. However, Lee warns that if TCOM has to reduce its take rate to maintain market share, EBITDA growth could slow. TCOM shares were down 1.81% at $35.89 in the last check.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 6:55 pm

CRLBF

CURLF

GTBIF

VRNOF

Maryland and Rhode Island saw record cannabis sales in December, with Maryland reaching $96.5 million and Rhode Island over $107.8 million for the year. Recreational cannabis dominated sales in Maryland, while both states saw high demand for edibles, prerolls, vape carts, and prepackaged flower. Curaleaf Holdings, Green Thumb Industries, Verano Holdings, and Cresco Labs are among the companies that transitioned to adult-use shops in Maryland. Experts suggest cannabis stocks are now poised for growth, with significant gains already seen in some stocks.

Portfolio Pulse from Jelena Martinovic

January 17, 2024 | 6:20 pm

BILI

Bilibili (NASDAQ:BILI) received mixed analyst ratings in the latest quarter, with 5 analysts providing evaluations. The average 12-month price target is $15.16, a 29.42% decrease from the previous $21.48. All five analysts lowered their price targets, reflecting changes in market conditions and company performance. Bilibili is a Chinese online entertainment platform with revenue growth of 0.2% as of September 30, 2023, but below the Communication Services sector average. The company has a high net margin of -23.28% and an ROE of -8.45%, indicating strong financial health despite its smaller market capitalization.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 6:01 pm

TRU

TransUnion (NYSE:TRU) received 16 analyst ratings in the latest quarter, with a mix of bullish and bearish sentiments. The average 12-month price target is $68.19, down from the previous $79.13. Analysts from firms like Jefferies, Goldman Sachs, and Morgan Stanley have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. TransUnion's financials show a market cap above industry average, a revenue growth rate of 3.25%, but below-average net margin, ROE, and ROA. The company's debt-to-equity ratio is high at 1.39.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 6:00 pm

EXPE

Expedia Group (NASDAQ:EXPE) received mixed ratings from 12 analysts, with recent updates showing a positive trend in price targets, averaging $154.42, up 24.71% from the previous average. Analysts from firms like Mizuho, BMO Capital, and Wells Fargo have raised their price targets, reflecting optimism about the company's performance. Despite this, Expedia's financial indicators such as revenue growth, net margin, ROE, and ROA lag behind industry averages, and it maintains a prudent debt-to-equity ratio of 3.91.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 6:00 pm

SUN

Sunoco (NYSE:SUN) has received varied analyst ratings over the last quarter, with recent updates showing a positive trend in price targets. The average 12-month price target is now $58.5, up 7.34% from the previous $54.50. Analysts from Mizuho, Barclays, and Raymond James have raised their price targets, with the highest being $64.00. Sunoco's financial performance shows a decline in revenue growth by -4.16% over 3 months, a below-industry net margin of 3.97%, but strong ROE and ROA figures of 23.04% and 3.55%, respectively. The company faces challenges with a high debt-to-equity ratio of 3.69.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 6:00 pm

HALO

Halozyme Therapeutics released an investor presentation forecasting FY23 EPS of $2.77-$2.80, slightly above the $2.74 estimate. However, revenue projections of $827M-$832M fall short of the expected $835.69M. For FY24, the company anticipates EPS of $3.55-$3.90, which brackets the $3.69 estimate, but revenue forecasts of $915M-$985M are below the $1.1B estimate.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 5:56 pm