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Stock Prices

ERJ

Embraer's stock price increased following Morgan Stanley's decision to maintain an Overweight rating and raise its price target from $19.5 to $40.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:40 pm

BONKUSD

DOGEUSD

FLOKIUSD

SHIBUSD

Dogwifhat (WIF) saw a 26% increase in value, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), with its market cap surpassing $3 billion. Arthur Hayes and Raoul Paul expressed support for WIF. A significant trade was highlighted where a trader sold 8.18 million WIF tokens for a 10x profit. The meme coin's marketing stunts, including a Vegas Sphere display, have contributed to its popularity. Speculation about Coinbase listing WIF in 2024 and bullish sentiment from traders suggest a positive outlook for the coin.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 6:39 pm

CMI

Truist Securities analyst Jamie Cook initiated coverage on Cummins Inc (NYSE:CMI) with a Hold rating and a $303 price target. Cummins, a global diesel engine manufacturer, was recently fined $2 billion for emission issues related to Dodge Ram trucks. The fine impacts its capital allocation, directing free cash towards debt payment from the Meritor acquisition and rebuilding its balance sheet, rather than returning cash to shareholders. Despite this, Cummins is expected to see growth in 2025 and 2026 due to a pre-buy ahead of the 2027 emissions change for trucks. Cummins has also gained share in the medium-duty overseas market, potentially adding at least $2.50 in EPS Power. The $303 price target is based on 9X EV/EBITDA and 16X P/E multiple on 2025 estimates, discounted back. CMI shares dropped 2.66% to $263.07.

Portfolio Pulse from Shivani Kumaresan

March 14, 2024 | 6:39 pm

GNS

Genius Group's shares resumed trading and experienced a significant increase in price. This development indicates a positive market reaction to the resumption of trading, potentially due to investor confidence or other favorable factors affecting the company.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:38 pm

META

MSFT

The U.S. House of Representatives passed a bill requiring ByteDance to sell TikTok or face a U.S. ban, potentially sparking a bidding war. Steven Mnuchin and Bobby Kotick are interested buyers, with the sale's strategic value attracting major financial and tech players. The bill's passage could impact U.S.-China relations and highlights TikTok's significant user and financial value.

Portfolio Pulse from Neil Dennis

March 14, 2024 | 6:33 pm

TMUS

Over the past 10 years, T-Mobile US (NASDAQ:TMUS) has outperformed the market with an average annual return of 17.99%, turning a $100 investment into $521.28. The company's market capitalization stands at $193.55 billion.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:30 pm

MHO

Over the past 15 years, M/I Homes (NYSE:MHO) has produced an average annual return of 22.17%, outperforming the market by 8.63% on an annualized basis. With a current market capitalization of $3.61 billion, an initial investment of $100 in MHO 15 years ago would be worth $1,686.84 today.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:30 pm

COIN

HOOD

Robinhood Markets (NASDAQ:HOOD) shares rose after data showed increased February trading and account activity. Analysts view Robinhood as an undervalued cryptocurrency play, with Bernstein initiating an Outperform rating and a $30 price target, and Goldman Sachs reiterating a Neutral rating with a $13 price target. Bernstein expects the crypto market cap to reach $7.5 trillion, significantly benefiting Robinhood's cryptocurrency-related revenue. Robinhood's comprehensive crypto offerings and its large base of active traders position it well in the market, especially as traditional brokers remain hesitant to offer cryptocurrency trading.

Portfolio Pulse from Chris Katje

March 14, 2024 | 6:27 pm

BA

Europe's aviation authority, EASA, may withdraw its endorsement of Boeing's (NYSE:BA) manufacturing safety certifications due to concerns over quality control lapses, including a recent incident involving a 737 MAX 9 jet. An audit by the FAA revealed issues at Boeing and its supplier, Spirit AeroSystems, putting the transatlantic safety pact at risk. EASA's acting executive director, Luc Tytgat, stated that while no immediate action is planned, stricter measures could be imposed if necessary. Boeing's shares slightly increased by 0.05% to $182.45.

Portfolio Pulse from Akanksha Bakshi

March 14, 2024 | 6:25 pm

VERI

Veritone, Inc. (NASDAQ:VERI) shares rose after reporting Q4 revenue that exceeded expectations and providing optimistic guidance for Q1 and FY 2024. The company announced a Q4 loss of 16 cents per share with sales of $34.197 million, surpassing the consensus estimate of $33.795 million. For Q1, revenue is expected to be between $30.5 million and $31.5 million, against a $31.42 million estimate. FY 2024 revenue is forecasted to be between $134 million and $142 million, compared to a $135.83 million estimate. Roth MKM analyst Darren Aftahi maintained a Neutral rating on Veritone but raised the price target from $1.85 to $2.25.

Portfolio Pulse from Erica Kollmann

March 14, 2024 | 6:24 pm