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Revenues

UTZ

Utz Brands (NYSE:UTZ) received a mix of analyst ratings over the last quarter, with 1 bullish, 7 somewhat bullish, and 3 indifferent. The average 12-month price target among 11 analysts is $16.18, with a high of $19.00 and a low of $13.00. Analysts have decreased the average price target by 13.84%. Key analysts from firms like Piper Sandler, RBC Capital, and Goldman Sachs have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Utz Brands is a snack food manufacturer with a diverse product portfolio and has shown a positive revenue trend with a growth rate of 2.49% as of September 30, 2023.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:39 pm

WELL

Welltower (NYSE:WELL) received 9 analyst ratings in the last quarter, with an average 12-month price target of $93.22, a high of $101.00, and a low of $83.00. The current average reflects a 3.91% increase from the previous average of $89.71. Analysts from firms like JP Morgan, RBC Capital, and Raymond James have raised their price targets, indicating a positive sentiment towards Welltower's stock. The company has shown a positive revenue trend with a growth rate of 12.77% as of September 30, 2023, but has a net margin and ROE below industry averages, although its ROA and debt management are strong.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:39 pm

ADA-USD

BTC-USD

ETH-USD

SOL-USD

XRP-USD

Bitcoin (BTC) and Ethereum (ETH) experienced fund outflows for the first time in months, with Bitcoin seeing $32.8 million and Ethereum $4.3 million in outflows. In contrast, Solana (SOL) led weekly inflows with $10.6 million. Other altcoins like Cardano (ADA) and XRP also saw inflows. The U.S., Germany, and Sweden faced outflows, while Switzerland, Canada, and Brazil had inflows. Blockchain equities reported significant inflows, marking the largest on record over the past 9 weeks.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 3:33 pm

PBLA

Panbela Therapeutics Inc (NASDAQ:PBLA) stock rose by 9.7% to $0.50 after announcing FDA approval of eflornithine, a drug they divested to US WorldMeds, for high-risk neuroblastoma patients. Panbela may receive up to $9.5 million based on milestones from USWM. The approval is the first for a polyamine targeted therapy in cancer, with potential implications for other cancers. PBLA's 52-week range is $0.45 to $225.71.

Portfolio Pulse from Henry Khederian

December 18, 2023 | 3:18 pm

AMZN

COST

FL

TGT

WMT

Costco Wholesale Corporation (NASDAQ:COST) exceeded revenue and earnings estimates in its fiscal 2024 first quarter, with a 6% YoY increase in revenue to $57.8 billion and adjusted EPS of $3.58. Despite a slight miss in same-store sales growth, e-commerce sales grew 6.3%. CFO Richard Galanti highlighted strong performance in non-food categories and high foot traffic. Costco's membership base and private-label brand contributed to its resilience amid inflation. Other retailers like Amazon.com (NASDAQ:AMZN), Foot Locker Inc (NYSE:FL), Walmart Inc (NYSE:WMT), and Target Corporation (NYSE:TGT) also reported a strong start to the holiday season, with record online sales reported by Adobe Analytics.

Portfolio Pulse from Upwallstreet

December 18, 2023 | 3:01 pm

SNYB

Shiny Health & Wellness Corp. has signed an asset purchase agreement to acquire 10 Stash & Co. adult-use cannabis retail stores in Ontario, which are expected to add approximately CA$10 million ($7.5 million) to its top line. The stores will retain the Stash & Co. brand and trademark. The transaction includes a total consideration of CA$1 million, with CA$800,000 in cash and CA$200,000 in common shares. Shiny Health's shares rose 6.6667% to $0.08 after the announcement.

Portfolio Pulse from Jelena Martinovic

December 18, 2023 | 2:24 pm

UL

Unilever PLC (NYSE:UL) has received a binding offer from Yellow Wood Partners LLC to purchase its Elida Beauty business, which includes over 20 brands and generated approximately €0.8 billion in 2022 revenue. The sale is part of Unilever's strategy to optimize its Personal Care portfolio and focus on growing its Power Brands. The transaction is expected to close by mid-2024, pending regulatory approval and other customary conditions. Unilever's stock (UL) saw a slight increase of 0.34% in premarket trading.

Portfolio Pulse from Lekha Gupta

December 18, 2023 | 2:18 pm

ADN

Advent Technologies has signed a €1.8 million frame contract with Volta Energy to supply methanol-powered fuel cell units. Deliveries are scheduled to start in January 2024 and continue throughout the year to meet the customer's timeline.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:17 pm

CRWD

CrowdStrike (NASDAQ:CRWD) and Optiv have surpassed $1 billion in sales of the CrowdStrike Falcon platform through their partnership. This milestone highlights the success of their collaboration in modernizing cybersecurity across various industries. CrowdStrike's Falcon platform, combined with Optiv's partner program, has driven growth and reduced risk for customers. CrowdStrike also achieved over $1 billion in AWS Marketplace sales and was recognized as a growth leader in a Canalys report, with a 39.1% growth rate in channel sales.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:12 pm

FTTUSD

FTX Trading is proposing a plan to return money to creditors as part of its bankruptcy case. The proposal involves liquidating most of the firm's cryptocurrencies and valuing the assets in cash based on their value at the time of the bankruptcy filing on November 11, 2022. Creditors will vote on the proposal before it goes to U.S. Bankruptcy Judge John Dorsey for final approval. Major creditor and customer groups have tentatively approved the plan, but it does not clarify if FTX will resume operations or how much creditors will receive. FTX has been allowed to sell assets, including its subsidiary LedgerX for $50 million.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 2:08 pm