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AMD

INTC

NVDA

AMD stock is in the spotlight due to its MI300 Data Center GPU, challenging Nvidia in the AI market. AMD's stock rose 17% last month, outperforming Nvidia's 2% gain. Analysts predict AMD could capture 5%-10% of the AI accelerator market, potentially worth $150-$400 billion by FY27E. Deutsche Bank notes AMD's strong AI market position and customer partnerships. Nvidia, AMD, and Intel are all competing in the generative AI data center processor space, with each company showcasing new products and performance improvements. AMD's MI300X GPU and MI300A APU offer significant performance gains, while Nvidia and Intel focus on their own strengths in software ecosystem and TCO savings, respectively. AMD's stock saw a slight increase of 0.74% to $144.48.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 4:10 pm

F

GM

STLA

Cox Automotive forecasts a 6.2% increase in December 2023 U.S. new-vehicle sales over the previous year, with an expected SAAR of 15.1 million. Full-year sales are predicted to rise 11.6% to 15.5 million units. Honda, Nissan, General Motors (GM), and Tesla have seen large gains, with Hyundai Motor Group surpassing Stellantis in sales. Fleet sales are expected to rebound after a UAW strike. The 2024 outlook suggests a buyer's market with weak economic growth and higher inventories.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:08 pm

FDX

TGT

UPS

WMT

FedEx Corporation (NYSE:FDX) reported lower than expected fiscal second quarter results and reduced its full year guidance, causing its shares to drop nearly 10%. The news also negatively impacted shares of United Parcel Service Inc (NYSE:UPS), which fell by 2.9%. FedEx's revenue declined by almost 3% YoY to $22.2 billion, and its adjusted earnings were 19 cents below estimates. The company's Express unit saw a 60% drop in operating income, while the Ground division's income rose 51%. FedEx is renegotiating a contract with the U.S. Postal Service and expects continued macroeconomic pressures. UPS recently lost a court case against EU antitrust regulators over a blocked acquisition of TNT and a compensation claim of $1.90 billion. Walmart (NYSE:WMT) provided a cautious holiday quarter outlook, and its shares dropped, while Target (NYSE:TGT) raised its guidance despite a weakening in consumer spending.

Portfolio Pulse from Upwallstreet

December 27, 2023 | 4:01 pm

SPY

Ed Yardeni, president of Yardeni Research, is bullish on the S&P 500 for the upcoming year, citing 12 reasons for optimism. These include interest rate normalization, strong consumer purchasing power, record household wealth, high labor demand, onshoring trends, a recovering housing market, strong corporate cash flows, transitory inflation, technological advancements boosting productivity, the need to rethink economic indicators, containment of global risks, and a vision of a 'Roaring 2020s' era of growth. Yardeni sets a 5,400-point target for the S&P 500 in 2024.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 3:57 pm

SPY

The Dallas Fed reported that services revenues for December were 4.3, showing an improvement from the previous -2.4. This indicates a positive change in the services sector in the Dallas region, which could have implications for the broader U.S. economy and markets.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 3:30 pm

LYFT

Lyft (NASDAQ:LYFT) has been evaluated by 6 analysts over the last three months, with a mix of indifferent (5) and bearish (1) ratings. The average 12-month price target for Lyft is $11.08, up from $10.80, with a high estimate of $14.00 and a low of $7.00. Analysts from firms including Wedbush, Morgan Stanley, Truist Securities, Wells Fargo, and MoffettNathanson have updated their price targets and ratings, with most maintaining a neutral stance and one issuing a sell rating. Lyft's financials show a positive revenue trend with a growth rate of 9.84% as of September 30, 2023, but a lower growth rate compared to the Industrials sector average. The company has an exceptional net margin of -1.05%, an impressive ROE of -2.83%, and an ROA of -0.27%, with a debt-to-equity ratio of 2.23.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:00 pm

TCNNF

Trulieve Cannabis Corp. has secured a $25 million loan at an 8.31% interest rate for five years, using a Florida cultivation site as collateral. The funds will support general corporate purposes. Trulieve also opened two new medical dispensaries in Florida, expanding its presence in the state. The company offers a range of in-house and partner brand products exclusively at its Florida locations. The news suggests a positive outlook for Trulieve's growth and financial flexibility.

Portfolio Pulse from Jelena Martinovic

December 27, 2023 | 2:59 pm

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has announced receiving orders exceeding $10 million for its e-Bloc and related products, with deliveries and installations starting in Q2 of 2024. These orders come from various sectors, including an EV charging infrastructure developer, a solar microgrid developer for a major U.S. airport, a large titanium smelter, and a major natural gas distribution provider. The company anticipates these orders to boost revenue for 2024 and 2025, addressing the robust demand in the distributed power generation market.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:16 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) has received its largest order ever, valued at $4.9 million, for its BolaWrap product to be delivered in Q4 2023. This order is seen as the beginning of a significant global deployment of WRAP's non-lethal restraint solutions in 2024. The company plans to use this order to scale production, accelerate R&D, and improve customer support, indicating strong demand and validation for its public safety technology.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:06 pm

LRHC

La Rosa Holdings Corp. (NASDAQ: LRHC) has acquired a 51% interest in its franchisee, La Rosa Realty Orlando, LLC, which generated $3.6 million in revenue and positive net income in 2022. Despite a down market, Realty Orlando increased transactions by 14% in 2023 compared to 2022. The company aims for a $100 million annual revenue run rate by end of 2024 and plans to acquire more franchisees soon.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:02 pm