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Revenues

ROK

Rockwell Automation (NYSE:ROK) has received mixed ratings from 4 financial analysts in the last three months, with a shift towards a more bullish outlook in the last 30 days. The average 12-month price target for ROK is now $333.00, up 15.83% from the previous target of $287.50. Analysts from UBS, Wells Fargo, Mizuho, and Stephens & Co. have provided updated ratings and price targets, reflecting their views on the company's market performance and financial health. Rockwell Automation, known for its automation solutions, has shown a revenue growth of 20.53% as of September 30, 2023, but lags behind industry peers. The company has a strong net margin of 7.73% and ROE of 5.74%, but carries a higher debt-to-equity ratio of 0.94.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 12:00 pm

LNC

Five analysts have recently updated their ratings on Lincoln National (NYSE:LNC), with a shift towards a more bearish stance over the past three months. The average 12-month price target is now $27.00, down from $28.00, with a high estimate of $30.00 and a low of $25.00. Analysts from JP Morgan, Evercore ISI Group, Piper Sandler, Morgan Stanley, and Wells Fargo have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Lincoln National's financials show a negative revenue trend with a -11.9% decline in revenue growth, but strong profitability with a net margin of 19.37% and high ROE of 23.25%. However, the company faces debt management challenges with a debt-to-equity ratio of 2.67.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 12:00 pm

TALO

Talos Energy has commenced production at its Lime Rock and Venice discoveries in the Gulf of Mexico. This development is expected to contribute positively to the company's output and financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:00 pm

RKT

Analysts have provided mixed reviews on Rocket Companies (NYSE:RKT) with 7 ratings over the past quarter, showing a shift towards a more bearish sentiment. The average 12-month price target is now $9.57, down from $11.31. Analysts from firms like Wells Fargo, Keefe, Bruyette & Woods, UBS, Barclays, Wedbush, and JP Morgan have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Rocket Companies, known for its Rocket Mortgage business, has faced revenue challenges with a -7.29% decline over 3 months but has shown strong profitability with a net margin of 0.53% and high ROE and ROA. However, its high debt-to-equity ratio of 10.22 raises financial leverage concerns.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 12:00 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is preparing to send out 1099-INT tax forms to Apple Card Savings account holders who have earned $10 or more in interest during the year. The forms, which are necessary for tax reporting, will be distributed by January 31, 2024. Apple Card Savings, which was launched in the U.S. last year, had its interest rate increased to 4.25% APY in December 2023.

Portfolio Pulse from Rounak Jain

January 03, 2024 | 11:27 am

RDY

Dr. Reddy's Laboratories has acquired MenoLabs, a company focused on women's health and dietary supplements. This acquisition expands Dr. Reddy's portfolio in the women's health space, potentially increasing its market share and revenue in this segment.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 11:02 am

AAPL

CALM

TSLA

UNF

U.S. stocks closed mostly lower on Tuesday, with the S&P 500 and Nasdaq Composite ending the session down. Apple Inc. shares dropped 3.6% after a Barclays downgrade, while Tesla Inc. reported increased vehicle production and deliveries in Q4. The CNN Money Fear and Greed index indicated a slight decline in market sentiment but remained in 'Extreme Greed' territory. Investors are looking forward to earnings from Cal-Maine Foods and UniFirst Corporation. The Dow Jones also closed lower, and economic data showed a dip in manufacturing PMI and a rise in construction spending.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 8:11 am

BYDDF

BYDDY

TSLA

BYD Co Ltd is rewarding its dealers with 2 billion yuan for meeting 2023 sales targets after outselling Tesla in Q4 global electric car sales. Dealers receive 666 yuan per vehicle sold. BYD's aggressive expansion and price cuts, along with securing a level 3 autonomous driving test license, aim to boost sales and maintain its lead over Tesla.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 7:26 am

GTBIF

ITHUF

MMNFF

New York and New Jersey are at a regulatory crossroads with cannabis legalization, balancing social equity and industry growth. The New York Cannabis Control Board's tie vote on allowing medical marijuana companies like Green Thumb Industries and iAnthus Capital Holdings to enter the recreational market has left the decision pending. Meanwhile, MedMen Enterprises and Goodness Growth Holdings await similar consideration. New York approved two new cannabis testing labs and emphasized the need for more dispensaries. CONBUD, a social equity dispensary in New York, is a symbol of reform, owned by previously incarcerated individuals. New Jersey's cannabis market saw $578 million in sales, but faces challenges like high prices and local dispensary bans.

Portfolio Pulse from Joana Scopel

January 03, 2024 | 1:14 am

LMT

Lockheed Martin announced the delivery of 98 F-35s in 2023, increasing the global fleet to over 990 aircraft. The F-35s enhance the advanced 5th Generation capabilities and contribute to 21st Century Security deterrence for the U.S. and its allies.

Portfolio Pulse from Charles Gross

January 02, 2024 | 9:45 pm