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Stock Prices

TGT

Target forecasts a Q1 adjusted EPS of $1.70 to $2.10, below the $2.09 estimate, and expects comparable sales to decline by 3% to 5%.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:34 am

KGRN

NIO

PGJ

NIO, Inc. reported Q4 revenue of $2.41 billion, surpassing analysts' expectations of $2.29 billion. The company saw a 6.5% Y/Y revenue increase but a 10.3% decrease from the previous quarter. Adjusted losses were better than expected at $0.39 per share against an anticipated $0.51. Vehicle deliveries rose 25% Y/Y to 50,045 units. Gross margin improved to 7.5% from last year's 3.9%. NIO unveiled its new electric flagship, ET9, and expects Q1 deliveries between 31,000 to 33,000 units with revenue projections of $1.48 billion to $1.56 billion, below the consensus of $2.28 billion. NIO shares dropped 0.94% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 11:33 am

MYE

Myers Industries projects a sales growth of 15% to 20% for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:33 am

TGT

Target reported a decrease in Q4 total comparable sales by 4.4%, with comparable store sales down by 5.4% and comparable digital sales slightly down by 0.7%.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:32 am

TGT

Target (NYSE:TGT) reported Q4 adjusted EPS of $2.98, surpassing the $2.41 estimate, and sales of $31.92B, exceeding the $31.83B estimate. This represents a 57.67% increase in earnings and a 1.67% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:30 am

SE

JP Morgan analyst Ranjan Sharma upgraded Sea (NYSE:SE) from Neutral to Overweight and increased the price target from $43 to $70, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:26 am

DOGEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) experienced a significant surge, with its market cap reaching $26.71 billion, surpassing tech giants like Zoom, Snap, eBay, and MicroStrategy. This rise positions SHIB near Dogecoin (CRYPTO: DOGE) in market cap. The surge is attributed to speculative buying, particularly from Asia, and an increase in retail investors and leveraged buying. SHIB's perpetual futures interest also hit a record high.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 11:20 am

AAPL

GOOG

META

MSFT

Gene Munster predicts Apple's AI could generate $33B annually, comparing its potential impact to Meta Platforms in 2022. Despite optimism from analysts, Apple's stock has underperformed in 2024 compared to the Nasdaq Composite and S&P 500. Munster believes Apple's first AI model, expected in June, could significantly boost earnings and compete with major tech firms' AI projects. Apple's stock closed down 1.5% recently.

Portfolio Pulse from Rounak Jain

March 05, 2024 | 11:20 am

AMD

ARM

CDNS

DELL

SMCI

Jim Cramer, host of CNBC's 'Mad Money', recommends Dell, AMD, Cadence Design Systems, and Arm Holdings as superior AI investment options over Super Micro Computer. This advice follows Super Micro's significant stock price increase of over 276% this year. Cramer's caution about Super Micro's rapid rise comes amidst concerns of a potential market bubble in AI stocks, as warned by Harvard economist Ken Rogoff.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 11:07 am

RIVN

TSLA

Leaked specs of Rivian's upcoming R2 vehicle suggest it may outperform Tesla's Model Y in speed and range, with a 0 to 60 mph acceleration in 3 seconds and up to 330 miles range. The R2, starting at $47,500, is set to be unveiled on March 7 but won't start production until 2026. This positions the R2 as a direct competitor to the Model Y, which is already in production and was the best-selling vehicle globally last year.

Portfolio Pulse from Anan Ashraf

March 05, 2024 | 11:06 am