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Revenues

LPX

Louisiana-Pacific (NYSE:LPX) has been the subject of varying opinions from 6 analysts over the past three months, with recent ratings ranging from bullish to indifferent. The average 12-month price target for LPX has risen to $74.67, up 4.29% from the previous target of $71.60. Analysts from firms including TD Cowen, Truist Securities, RBC Capital, and Goldman Sachs have updated their price targets and ratings, reflecting their latest views on the company's performance. Louisiana-Pacific, a producer of oriented strand board and engineered wood siding, has a market cap above industry average, a negative revenue trend of -14.55% over 3 months, a high net margin of 16.21%, an ROE of 8.09%, an ROA of 5.04%, and a low debt-to-equity ratio of 0.25.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 6:00 pm

ARGT

BMA

MELI

TEO

Argentina's inflation rate hit around 200% in 2023, with food prices rising significantly. The new president, Javier Milei, has been in office for a month and warns that it may take time to reduce inflation, which some economists predict could reach 500% this year. Milei's strategy includes cutting government spending and subsidies, which some experts fear may initially lead to higher consumer prices. Despite Argentina's economic challenges, the Global X ETF's MSCI Argentina ETF (ARGT) is up nearly 10% over the past six months, and MercadoLibre Inc (MELI) is trading higher. However, Telecom Argentina SA (TEO) and Banco Macro SA ADR (BMA) have seen declines in the last month.

Portfolio Pulse from Aaron Bry

January 11, 2024 | 6:00 pm

AAPL

Apple Inc. (AAPL) launched iTunes 23 years ago, revolutionizing the music industry. The service evolved to sell various media and helped Apple become the largest music vendor in the U.S. by 2008 and globally by 2010. Apple's stock price increased by 60,359% from $0.30692 on Jan. 9, 2001, to $185.56 on Jan. 9, 2024. A $1,000 investment in Apple then would be worth $604,588 today, outperforming similar investments in the Nasdaq and S&P 500 indices. iTunes has since been replaced by Apple Music and other dedicated apps.

Portfolio Pulse from Rounak Jain

January 11, 2024 | 5:42 pm

TDUP

Four analysts have recently updated their ratings and price targets for ThredUp (NASDAQ:TDUP), with mixed views. The average 12-month price target is now $3.75, down from $4.00, indicating a 6.25% decrease. Two analysts lowered their price targets to $3.00, while two maintained their ratings with targets of $5.00 and $4.00. ThredUp has shown strong revenue growth and net margin but lags in ROE and ROA. Its debt-to-equity ratio is below industry norms.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:01 pm

VSTS

Analysts have provided mixed ratings for Vestis (NYSE:VSTS) over the past three months, with a recent shift towards a more bullish stance. The average 12-month price target for VSTS is now $21.00, up from $20.00, with a high estimate of $24.00 and a low of $20.00. The company operates in uniform rentals and workplace supplies in the US and Canada, showing strong profitability with a net margin of 22.4% and an ROE of 17.9%, but faces challenges with a high debt-to-equity ratio of 1.92.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:01 pm

MHK

Mohawk Industries (NYSE:MHK) received mixed analyst ratings with 2 bullish, 1 indifferent, and 1 somewhat bearish stance. The average 12-month price target is $102.5, down from $105.00. Analysts from Goldman Sachs, Barclays, Truist Securities, and Wells Fargo have updated their ratings and price targets. Mohawk faces revenue challenges with a -5.19% decline, a net margin of -27.49%, and an ROE of -9.83%. The company's market cap and debt management are strong, with a debt-to-equity ratio of 0.42.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:01 pm

EMN

Analysts have updated their ratings and price targets for Eastman Chemical (NYSE:EMN), with an average 12-month price target of $90.86, up from $87.83. The company faces revenue challenges with a -16.32% decline over 3 months, but has a strong net margin of 7.85% and ROE of 3.35%. Despite high debt-to-equity ratio of 0.98, its ROA of 1.21% indicates financial health. Analysts' ratings range from 'Neutral' to 'Overweight', with recent adjustments reflecting market conditions and company performance.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:00 pm

ALT

AMGN

BAYRY

BAYZF

LLY

MRK

NVO

PFE

Pharmaceutical giants Amgen Inc (AMGN) and Pfizer Inc (PFE) are actively seeking entry into the $100B obesity market, aiming to challenge the dominance of Novo Nordisk (NVO) and Eli Lilly (LLY). Amgen is advancing its experimental obesity drug, MariTide, in Phase 2 trials and developing AMG 786, with data expected in late 2024 and 1H 2024, respectively. Pfizer's CEO confirmed their commitment to the obesity sector. Other companies like Merck (MRK) and Altimmune (ALT) are also developing similar treatments, while Bayer (BAYRY, BAYZF) is open to partnerships to navigate the market. These drugs are being evaluated for additional health benefits beyond weight loss.

Portfolio Pulse from Vandana Singh

January 11, 2024 | 4:40 pm

SOLO

XOS

Xos, Inc. (XOS) and ElectraMeccanica (SOLO) have announced a definitive arrangement agreement for Xos to acquire all outstanding common shares of ElectraMeccanica in an all-stock transaction. Post-transaction, ElectraMeccanica's shareholders will own approximately 21% of Xos. The deal aims to strengthen Xos' balance sheet, provide growth capital, and leverage regulatory tailwinds, including California's EV mandate. Xos has delivered 110 units in Q4 2023, showing a 90% YoY growth. The combined company will benefit from ElectraMeccanica's cash balance, estimated at $48.5 million at closing, and Xos' strong market position and growth prospects. The transaction is expected to close in the first half of 2024, subject to shareholder and court approvals.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 4:34 pm

HTZ

Hertz Global Holdings, Inc (NASDAQ:HTZ) plans to sell about 20,000 EVs from its U.S. fleet, which is one-third of its global EV fleet. The sale, starting in December 2023 and continuing through 2024, aims to balance EV supply with demand, reduce lower margin rentals, and cut damage expenses. Hertz will reinvest in ICE vehicles to meet customer demand. The company expects an additional $245 million in depreciation expenses in Q4 2023 due to the EV sale. However, the fleet change is not anticipated to materially impact its asset-backed securitization facilities. Hertz projects an improvement in Adjusted Corporate EBITDA and an increase in free cash flow by $250-300 million over 2024 and 2025. Q4 2023 revenue is expected to be $2.10-$2.20 billion. HTZ stock dropped 5.19% to $8.86 following the announcement.

Portfolio Pulse from Shivani Kumaresan

January 11, 2024 | 4:06 pm