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SAVE

Spirit Airlines (NYSE:SAVE) has seen a negative shift in analyst sentiment over the last three months, with recent evaluations becoming more bearish. Four analysts have provided ratings, with the latest assessments showing 2 somewhat bearish and 2 bearish ratings. The average 12-month price target for SAVE has been significantly reduced by 60.09% to $4.25. Analysts from Barclays, Citigroup, and Susquehanna have adjusted their price targets and ratings, reflecting concerns over the company's financial performance, including a decline in revenue, below-average net margin, and challenges in debt management.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:00 pm

RKDA

Arcadia Biosciences (NASDAQ:RKDA) is scheduled to release its quarterly earnings report on March 28, 2024, with analysts expecting an EPS of $-2.58. The company's past earnings performance shows a pattern of beating EPS estimates but experiencing subsequent share price drops. Shares are currently trading at $2.332, reflecting a 71.92% decline over the last 52 weeks. Investors are likely focused on the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:00 pm

AR

Antero Resources (NYSE:AR) has been the subject of 9 analyst reviews over the last three months, showing a mix of bullish to bearish sentiments. Recent evaluations indicate a shift towards a more cautious outlook, with the average 12-month price target adjusted to $28.89, down from $29.25. Analysts from firms like JP Morgan, Mizuho, Wells Fargo, Truist Securities, Raymond James, and Benchmark have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Despite these adjustments, Antero Resources faces challenges such as a significant revenue decline, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:00 pm

TJX

Over the past 15 years, TJX Companies (NYSE:TJX) has produced an average annual return of 20.02%, outperforming the market by 7.05% on an annualized basis. A $100 investment in TJX 15 years ago would be worth $1,575.80 today. The company currently has a market capitalization of $113.84 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:00 pm

CP

Over the past 20 years, Canadian Pacific Kansas (NYSE:CP) has produced an average annual return of 15.44%, outperforming the market by 7.62% annually. A $1000 investment in CP 20 years ago would now be worth $17,952.23. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:00 pm

DRCT

GMDA

LIXT

MRDB

PAYS

VLD

U.S. stocks showed mixed performance with the Dow Jones rising by 0.56% and the S&P 500 gaining 0.27%, while the NASDAQ slightly fell by 0.08%. Real estate shares led the gains with a 1.8% increase, whereas information technology shares dropped by 0.4%. Crude oil inventories unexpectedly rose, contrasting with market expectations of a decline. Lixte Biotechnology, MariaDB, and PaySign saw significant stock price increases following positive news, while Gamida Cell, Direct Digital Holdings, and Velo3D experienced sharp declines after reporting disappointing results.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 4:00 pm

DJT

META

NVDA

Trump Media & Technology Group (TMTG) debuted on NASDAQ with a valuation of $9.6 billion, 2000x its annual revenue, after a SPAC merger. The stock, previously under ticker DWAC, surged to $79.38, marking a 52-week high. Comparatively, NVIDIA trades at 38x estimated sales. TMTG's high valuation and potential as a meme stock could lead to volatility, especially with high short interest and the upcoming 2024 election cycle. Short sellers have already faced significant losses.

Portfolio Pulse from Chris Katje

March 27, 2024 | 3:59 pm

CTAS

Cintas Corporation (NASDAQ:CTAS) shares surged following the announcement of their third-quarter earnings, which exceeded analyst expectations. The company reported earnings per share of $3.84, surpassing the consensus of $3.58, and a revenue of $2.406 billion, beating the expected $2.386 billion. This represents a 9.9% year-over-year revenue growth. Gross profit and operating income also saw significant increases, with gross margin expanding to 49.4%. Additionally, Cintas raised its FY24 revenue and EPS outlook, contributing to the stock's positive performance.

Portfolio Pulse from Nabaparna Bhattacharya

March 27, 2024 | 3:58 pm

ANNX

Annexon's shares surged following the announcement of better-than-expected Q4 EPS results. Additionally, Wells Fargo reaffirmed an Overweight rating on Annexon and increased its price target from $11 to $12.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 3:56 pm

RGLD

Royal Gold Inc (NASDAQ:RGLD) received an upgrade from BMO Capital Markets from Market Perform to Outperform with a price target increase from $148 to $158, following a slight underperformance. The upgrade is based on a more compelling valuation given current commodity prices and the potential for growth through new stream and royalty deals, asset quality improvements, and possible M&A activities. Shares of Royal Gold rose by 6.24% to $116.93.

Portfolio Pulse from Priya Nigam

March 27, 2024 | 3:53 pm