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Revenues

ILMN

Nine analysts have recently rated Illumina (NASDAQ:ILMN), with a mix of bullish to bearish sentiments. The average 12-month price target is now $168.11, a 13.79% decrease from the previous $195.00 target. Analysts from firms like RBC Capital, Guggenheim, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Illumina specializes in genetic analysis tools and services, with the majority of its revenue from sequencing. Despite positive revenue growth, the company's market capitalization, net margin, ROE, and ROA are below industry benchmarks, although it has a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 12:00 pm

DTE

DTE Energy (NYSE:DTE) has received mixed ratings from 8 analysts in the last three months, with a range of bullish to bearish sentiments. The average 12-month price target is $110.0, with a high of $117.00 and a low of $103.00. Recent analyst actions include both raised and lowered ratings and price targets. DTE Energy's financial performance shows a significant market capitalization, a decline in revenue growth by -45.0%, a high net margin of 11.5%, an exceptional ROE of 3.11%, an impressive ROA of 0.77%, and a balanced debt-to-equity ratio of 1.89.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 12:00 pm

BKE

Buckle reported a 7.4% year-over-year decrease in comparable store net sales for the 48-week period ended December 30, 2023. Total net sales for the same fiscal period also fell by 6.8%, amounting to $1.189 billion.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:00 pm

BKE

Buckle reported a 5.8% year-over-year decrease in comparable store net sales for the 5 weeks ended December 30, 2023. The company's total net sales also fell by 5% to $203.8 million during the same period.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:59 am

RPM

RPM International has updated its FY24 sales growth forecast to low-single-digit, a decrease from its previous mid-single digits expectation. However, the company reaffirms its adjusted EBIT growth projection of low-double digits to mid-teens.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:51 am

AAPL

SSNLF

Apple Inc. (AAPL) continues to lead the premium smartphone market with a 71% share in 2023, despite a slight decline from 75% in 2022 due to Huawei's resurgence in China with the Mate 60 series. The premium market, with phones over $600, is expected to make up a quarter of global sales and 60% of revenue in 2023. The ultra-premium segment, above $1,000, is driving growth, particularly in China, Western Europe, India, and the Middle East and Africa, with India growing the fastest. This growth occurs despite a general slowdown in smartphone sales, with consumers opting for higher quality, longer-lasting devices.

Portfolio Pulse from Rounak Jain

January 04, 2024 | 11:36 am

ZYME

Zymeworks Inc. reported that as of December 31, 2023, it had approximately $455 million in cash, cash equivalents, and marketable securities. The company expects these funds to be sufficient to support its operations into the second half of 2027.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:17 am

FSLR

First Solar, Inc. has signed a 15-year Power Purchase Agreement (PPA) with Cleantech Solar, a leading provider of renewable energy solutions in India and Southeast Asia. This agreement will enable First Solar to supply solar power to Cleantech Solar's customers in the region, reinforcing First Solar's presence and commitment to the renewable energy market in Asia.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:04 am

FFND

TSLA

Tesla, Inc. (TSLA) shares dropped over 4% on Wednesday, but bullish analyst Gary Black of Future Fund remains optimistic. Despite the downturn, Black highlighted Tesla's strong performance in 2023 with a 102% increase compared to Nasdaq's 54%. He attributed the tech sector's decline to investor concerns over the Federal Reserve's less aggressive rate cuts. Black praised Tesla's Q4 deliveries, driven by record demand in China, and anticipates Q4 core auto gross margins to exceed Q3's 16.3%. He expects Tesla to guide to 2024 deliveries of at least 2.2 million units, a 22% year-over-year growth, which would be the slowest since 2013 but still achievable. The Future Fund Active ETF (FFND), where Tesla is the second-biggest holding, may also be impacted by these sentiments.

Portfolio Pulse from Shanthi Rexaline

January 04, 2024 | 8:18 am

BTDR

UBS predicts a significant expansion in the AI industry, forecasting a growth from $2.2 billion in 2022 to $225 billion by 2027, a 152% CAGR. AI sector revenue is expected to increase 15-fold, from $18 billion to $420 billion, with a 138% CAGR in the application sector. AI infrastructure spending is also projected to grow, benefiting hardware chips and GPUs used in AI training. Despite concerns over regulatory rhetoric, early rule implementation may be advantageous. The tech industry is experiencing 'peak AI hype,' with investors looking for returns on AI investments.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 8:09 am