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China's central bank has announced its intention to continue increasing financial support to enterprises and key groups to stabilize and expand employment. Additionally, the bank aims to promote a stable and healthy development of the real estate market and is committed to maintaining the stability of the Yuan.

Portfolio Pulse from Charles Gross

December 28, 2023 | 12:09 pm

SAFE

Safehold Inc. (NYSE:SAFE) received mixed analyst ratings in the latest quarter, with 5 analysts offering views ranging from bullish to indifferent. The average 12-month price target is $23.8, down from $25.25, with a high estimate of $33.00 and a low of $19.00. Analysts from JP Morgan, Goldman Sachs, Truist Securities, RBC Capital, and Wedbush have made recent adjustments to their ratings and price targets. Safehold, a REIT focusing on ground leases, showed a revenue growth of 19.34% and a high net margin of -143.72%, but lags in ROE and ROA compared to industry averages. Its debt-to-equity ratio is below industry norms, indicating a sound financial structure.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 12:01 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has received 5 bullish ratings from analysts in the past three months, with an upward trend in the 12-month price target, now averaging $675.0, an 18.38% increase from the previous average. Analyst Joseph Vafi of Canaccord Genuity has raised his price target multiple times, with the latest being $791.00. The company's financials show a market cap below industry average, a revenue growth of 3.27%, but struggles with profitability and debt management, indicated by a net margin of -110.8% and a high debt-to-equity ratio of 2.67.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 12:00 pm

ALL

Allstate (NYSE:ALL) has been reviewed by 8 analysts, showing a shift towards more positive ratings over the past three months. The average 12-month price target is now $149.38, up 8.14% from the previous $138.14. Analysts from firms like HSBC, BMO Capital, UBS, Goldman Sachs, Raymond James, Piper Sandler, Roth MKM, and Citigroup have raised their price targets, indicating a bullish outlook. Allstate's financial performance shows a revenue growth of 9.76% but lags in net margin, ROE, and ROA, with a high debt-to-equity ratio of 0.63.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 12:00 pm

FRSH

Freshworks (NASDAQ:FRSH) has received mixed analyst ratings over the past three months, with 3 bullish, 2 somewhat bullish, and 2 indifferent. The average 12-month price target is now $23.86, down 7.52% from the previous $25.80. Notable analyst actions include Scott Berg of Needham raising the target to $30.00, while others like Taylor McGinnis of UBS and Raimo Lenschow of Barclays have lowered their targets. Freshworks provides SaaS solutions for businesses and has seen a 19.25% revenue growth rate as of September 30, 2023, but faces challenges with a net margin of -20.21% and an ROE of -2.93%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 12:00 pm

BE

Bloom Energy Corp (NYSE:BE) and SK ecoplant have announced the sale of Bloom's electrolyzer technology to be used in a green hydrogen project in South Korea. The project, in collaboration with KOSPO and local government, will start in late 2025 and involves 1.8 MW of Bloom's SOEC technology for hydrogen production on Jeju Island. This initiative supports Jeju Island's goal to become a 'Carbon Free Island 2030'. Bloom Energy and SK ecoplant have been partners since 2018 and have deployed 400 MW to date. BE's stock closed higher by 1.06% at $15.25.

Portfolio Pulse from Shivani Kumaresan

December 28, 2023 | 11:51 am

BABA

JD

JD.com Inc (NASDAQ:JD) plans to significantly increase the fixed salaries of its front-line staff starting in 2024, despite facing a volatile Chinese consumer market and stiff competition from rivals like Alibaba Group Holding Ltd (NYSE:BABA) and ByteDance Ltd. The company's retail employees are expected to receive pay increases averaging over 20%. JD.com has spent approximately 25.9 billion yuan on HR costs in the past quarter and has implemented discounts to boost consumer spending. The revenue growth has been modest at 1.7% in the last quarter, with expectations of a gradual recovery in the e-commerce sector.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 8:49 am

CVX

HES

PXD

USO

XOM

Crude oil experienced a volatile year in 2023, with WTI starting at $80.18 and currently trading down about 8%. OPEC+ production cuts failed to sustain prices, while U.S. oil production hit a potential record, challenging OPEC's influence. Major acquisitions in the U.S. oil sector included Chevron's purchase of Hess and Exxon Mobil's acquisition of Pioneer Natural Resources. The United States Oil Fund, LP (USO) reflects the oil price trend with a 1.1% YTD loss. Analysts predict a conservative average of $85 for Brent crude, while fund manager Louis Navellier sees potential for oil to breach $100 a barrel.

Portfolio Pulse from Shanthi Rexaline

December 28, 2023 | 6:43 am

DJCO

Daily Journal Corporation (NASDAQ:DJCO) reported a significant increase in FY23 revenue to $67.71M from $54.01M in the previous year. The company also saw a turnaround in net income, posting $21.45M compared to a net loss of $75.62M in the prior year.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 6:34 am

TLT

Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management, expressed a bullish outlook on the market, suggesting that the S&P 500 is close to a breakout. The index is just 1% below its all-time high after a 24% surge this year, buoyed by a resilient U.S. economy and easing inflation. Despite the optimism, Morgan Stanley strategists caution about a possible recession in 2024. The 'Santa Claus Rally' and recent highs in the Dow Jones and Nasdaq 100 support the positive sentiment. Vance Howard, CEO of Howard Capital Management, predicts long-term bonds may outperform the S&P 500 in 2024, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) seeing a 13% increase since early November.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 1:58 am