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HCP

HashiCorp (NASDAQ:HCP) exceeded Q3 earnings and sales estimates, reporting EPS of $0.03, beating the $(0.04) estimate, and sales of $146.13M, surpassing the $143.24M estimate. This reflects a significant increase from the previous year's losses and lower sales.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:04 pm

BK

DG

ETSY

PNC

SHOP

SQ

TFC

Marc Chaikin of Chaikin Analytics recommends selective investment in retail-related stocks and conservative banks for a year-end rally. He favors Etsy, Shopify, and Block in e-commerce and retail payments, suggesting immediate purchase of Etsy and Block, but advises waiting for a better entry point for Shopify. Chaikin also recommends PNC Financial Services, Bank of New York Mellon, and Truist Financial in the banking sector, highlighting their potential due to a favorable interest rate environment. He warns against investing in Dollar General, tech stocks, and healthcare at the moment.

Portfolio Pulse from Neil Dennis

December 07, 2023 | 9:03 pm

DECK

BTIG analyst Janine Stichter has reaffirmed a Buy rating on Deckers Outdoor (NYSE:DECK) and increased the price target from $650 to $800, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:01 pm

PRIM

Primoris Services Corporation has announced that it has received project awards totaling over $800 million. These awards are expected to significantly contribute to the company's backlog and future earnings, reflecting positively on its growth prospects and financial stability.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:00 pm

RSG

Over the past 15 years, Republic Servs (NYSE:RSG) has produced an average annual return of 13.62%, outperforming the market. A $1000 investment in RSG 15 years ago would be worth $7,168.73 today. Republic Servs currently has a market cap of $50.93 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 9:00 pm

IDXX

IDEXX Laboratories (NASDAQ:IDXX) has significantly outperformed the market, with an average annual return of 26.2% over the past 10 years. An initial investment of $1000 in IDXX a decade ago would be worth $10,115.36 today. The company's market capitalization stands at $43.48 billion, highlighting the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 9:00 pm

NXST

NewsNation and The CW Network attracted over 4 million viewers for the GOP Presidential primary debate, with NewsNation achieving a record 1.6 million viewers and The CW hitting its highest primetime audience since 2018. The debate was particularly successful in the New York City market. NewsNation's growth is highlighted by a 73% increase in total viewers and a 90% rise among adults 25 to 54 in weekday primetime year-to-date. The event's success is a testament to the network's growth since its inception three years ago.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 8:39 pm

DDOG

Stifel analyst Brad R. Reback upgraded Datadog Inc (NASDAQ:DDOG) to Buy from Hold and increased the price target to $140 from $98. The upgrade is based on positive customer feedback, a decline in installed-base optimization, and expectations of increased customer spending. Reback anticipates Datadog to post CY24 revenue growth of ~25%, with guidance starting at ~20%. DDOG shares are trading higher by 0.52% at $114.91.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 8:37 pm

BVS

Bioventus Inc (NASDAQ:BVS) has been upgraded by Canaccord Genuity from Hold to Buy with a price target increase to $7 from $3.66. The upgrade is based on the company's stabilization and management's strategic investments in the Exogen business, which are expected to drive future growth. The company is focusing on enhancing EBITDA and cash flows in 2023, with plans to bolster revenue growth and maintain operational margins in 2024, and expand margins to exceed 20% EBITDA by 2025-2026. Despite potential issues with interest coverage covenants and the need for a permanent CEO, the stock's low valuation at 1.4x 2024 EV/Sales suggests a high probability of continued improvement. BVS shares have risen 16.60% to $5.27.

Portfolio Pulse from Vandana Singh

December 07, 2023 | 8:35 pm

NVDA

During the fourth GOP presidential debate, candidates Nikki Haley and Ron DeSantis exchanged criticisms over their respective stances on China. The debate highlighted that if a Republican wins the 2024 election, there could be more restrictions on China, potentially impacting chipmakers. Nvidia Corp (NVDA) is mentioned as having a significant share of China's AI chip market but expects a sharp fall in China sales in Q4 due to U.S. export control rules. The Commerce Department anticipates annual updates to these restrictions.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 8:34 pm