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JCI

Johnson Controls Intl (NYSE:JCI) received mixed analyst ratings over the last quarter, with 8 analysts offering a range of opinions. The average 12-month price target is $59.38, with a high of $66.00 and a low of $50.00, marking a 4.73% decrease from the previous average. Analysts from firms like RBC Capital, Wells Fargo, and Oppenheimer have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Johnson Controls, with a market cap above industry average, has seen a -3.18% decline in revenue growth and below-average profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 12:00 pm

NVRO

Analysts have provided mixed reviews on Nevro Corp (NYSE:NVRO) with 1 somewhat bullish, 6 indifferent, and 1 somewhat bearish rating over the past three months. The average 12-month price target is $19.62, down from the previous $22.25. Recent actions include both lowered and raised price targets, with the highest at $23.00 and the lowest at $15.00. Nevro's financials show a revenue growth of 3.38% over 3 months, but it lags behind industry peers and has a net margin of -22.61%, ROE of -8.09%, ROA of -4.15%, and a high debt-to-equity ratio of 0.68.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 12:00 pm

BAC

Bank of America reported the addition of 4.6 million new credit card accounts in the fourth quarter, indicating potential growth in its consumer banking segment.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:47 am

DAL

Delta Air Lines forecasts an adjusted EPS of $6-$7 for FY24, compared to the estimated $6.56. For Q1, they anticipate total revenue to increase by 3%-6% and project an adjusted EPS of $0.25-$0.50, with estimates at $0.40.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:35 am

DAL

Delta Air Lines forecasts its March quarter unit revenues to be flat or decline by up to 3% compared to 2023. This projection suggests a modest improvement from previous quarters. Factors affecting this outlook include a higher mix of international flights, increased use of travel credits, and the comparison to a period last year affected by a competitor's operational issues.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:33 am

DAL

Delta Air Lines projects its 2024 free cash flow to be between $3 billion and $4 billion, marking an increase of up to $2 billion compared to its 2023 figures.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:32 am

GLD

SPY

USO

UUP

Global markets saw mixed results with Asia and Europe mostly rising while U.S. markets closed mixed due to inflation concerns and a strong labor market. U.S. consumer prices rose more than expected, and jobless claims fell. Asian markets were mixed with gains in Japan and India but losses in China and Hong Kong. European markets traded higher. Commodities saw crude oil hit $75 due to Middle East tensions, and gold neared $2,050. U.S. futures were mixed, and the U.S. Dollar Index saw a slight increase.

Portfolio Pulse from Akanksha Bakshi

January 12, 2024 | 11:28 am

WIT

Wipro Limited forecasts its Q4 IT Services business segment revenue to be between $2.615 billion and $2.669 billion, indicating a potential quarterly change of -1.5% to +0.5% in constant currency terms.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 10:41 am

GOOG

GOOGL

Alphabet Inc.'s Google has conducted a significant layoff, affecting over 1,000 employees across various departments, including hardware and Google Assistant teams. The layoffs are part of a cost-cutting initiative in response to increased competition in AI, as seen with Microsoft and OpenAI's ChatGPT. Regulatory filings indicate 703 positions cut in California, and a childcare center in Mountain View has been closed.

Portfolio Pulse from Rounak Jain

January 12, 2024 | 9:12 am

AAPL

Chinese AR company Rokid has raised $70 million in a funding round led by the government of Hefei City. Rokid, competing with Apple's Vision Pro, plans to use the funds to enhance its AR technology for industrial use, with a focus on safety and training in sectors like energy. The company also intends to establish an industrial metaverse headquarters and R&D center in Hefei. This move aligns with China's push to strengthen domestic advanced manufacturing amid supply chain diversification away from China.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 8:18 am