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MIND

MIND Technology's Seamap unit has received a $10.2 million order for multiple GunLink source controllers, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:32 pm

MIND

MIND Technology's Seamap unit has received an order for multiple GunLink source controllers, amounting to approximately $10.2 million, under a framework supply agreement with a major international seismic contractor.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:29 pm

CRDT

EWU

IHY

PGHY

PICB

SPY

PIMCO CIO Daniel Ivascyn has expressed concerns about a potential 'hard landing' for the UK economy, predicting a significant downturn next year. He sees more risk in the UK and Europe compared to the resilient US economy. Ivascyn favors UK government bonds over US ones, anticipating economic hardship in the UK. The UK economy contracted in October, and bond yields have fallen, which is good for bondholders but negative for equities. Investors in the iShares MSCI United Kingdom ETF (EWU) should monitor these developments. Ivascyn also highlighted opportunities in global bond investing, mentioning ETFs that track international bonds, including PICB, PGHY, CRDT, and IHY. In contrast, the US economy's growth is reflected in the SPDR S&P 500 ETF (SPY), which has outperformed EWU over the past year.

Portfolio Pulse from Surbhi Jain

December 19, 2023 | 6:05 pm

WM

Waste Management (NYSE:WM) has been evaluated by 8 analysts in the last quarter, with 3 bullish, 2 somewhat bullish, and 3 indifferent ratings. The average 12-month price target is $177.62, with a high of $190.00 and a low of $163.00. Notably, the average price target increased by 2.75% in the past month. Analysts have adjusted their ratings and price targets based on recent developments, with most actions being raises. Waste Management is the largest integrated provider of traditional solid waste services in the U.S. Despite positive revenue growth and strong net margin, the company's debt management poses challenges with a higher than average debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 6:01 pm

AMGN

Amgen (NASDAQ:AMGN) received 18 analyst ratings in the last quarter, with an average 12-month price target of $293.06, a high of $326.00, and a low of $240.00. The ratings included 4 bullish, 6 somewhat bullish, and 8 indifferent, with no bearish ratings. Notably, the average price target increased by 5.07% over the past month. Analysts' actions included raising, maintaining, and lowering their stances, reflecting their views on Amgen's market position. Amgen's financial performance shows a revenue growth rate of 3.77%, a net margin of 25.06%, an ROE of 23.97%, and an ROA of 1.91%, but a high debt-to-equity ratio of 7.9.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 6:01 pm

TMUS

T-Mobile US (NASDAQ:TMUS) received 9 analyst ratings in the past quarter, with 5 bullish and 4 somewhat bullish, and none bearish. The average 12-month price target is $181.33, up 3.87% from the previous $174.57. Analysts from firms like Oppenheimer, UBS, and Wells Fargo have maintained or raised their price targets, reflecting a positive sentiment towards TMUS. The company's financial performance shows a negative revenue trend with a -1.16% growth, but a strong net margin of 11.13%. Its ROE and ROA are below industry averages, and it has a healthy debt-to-equity ratio of 1.7.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 6:01 pm

VMC

Vulcan Materials (NYSE:VMC) has received 4 analyst ratings in the last quarter, with 2 bullish and 2 somewhat bullish, and no indifferent, somewhat bearish, or bearish ratings. The average 12-month price target is $251.00, with a high of $279.00 and a low of $225.00. The average price target has increased by 1.34% over the past month. Analysts from Stifel and Seaport Global have raised their price targets, while Raymond James has lowered theirs. Vulcan Materials is a leading producer of construction aggregates in the U.S. and has shown a revenue growth rate of 4.67% as of September 30, 2023, but faces challenges with net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 6:00 pm

ROAD

Construction Partners (NASDAQ:ROAD) received four bullish analyst ratings in the past quarter, with an average price target of $47.5, reflecting a 10.47% increase from the previous target of $43.00. Analysts from Stifel and Raymond James raised their price targets, indicating a positive sentiment towards ROAD's stock. The company's financial performance shows strong revenue growth, net margin, ROE, and ROA, with a low debt-to-equity ratio, suggesting a solid market position.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 6:00 pm

DNA

Ginkgo Bioworks' stock is up following three positive announcements: a Ginkgo-led team received funding from the U.S. Department of Energy (DOE) for algal crop protection solutions, Greenlab formed a new partnership with Ginkgo for PFAS-related work, and Ginkgo's subsidiary FGen AG secured funding through the European Innovation Council's (EIC) Pathfinder Challenge program.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:10 pm

DHI

LEN

PHM

XHB

November saw a significant surge in housing starts, outperforming market expectations and indicating a potential economic tailwind for 2024. Despite high interest rates, demand for new homes has remained strong, leading to a rebound in homebuilder stocks. The SPDR Homebuilders ETF (XHB) has risen 58% over the year. Homebuilder shares like DR Horton (DHI), Lennar Corporation (LEN), and Pulte Group (PHM) also saw gains in early trade on Tuesday.

Portfolio Pulse from Neil Dennis

December 19, 2023 | 5:08 pm