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BTCUSD

Raoul Pal, a macro expert, suggested a 20% chance of a 'gigantic bubble cycle' in crypto, with a 60% probability of a 'regular cycle'. Bitcoin dropped over 5% after a surge attributed to whale activity. Analyst Ali Martinez linked the surge to whale transactions, noting an accumulation of over 30,000 BTC. The drop may also be influenced by concerns over the SEC potentially rejecting spot Bitcoin ETF applications.

Portfolio Pulse from Mehab Qureshi

January 04, 2024 | 1:04 pm

PSTX

Poseida Therapeutics, Inc. (NASDAQ:PSTX) reported positive early clinical data for its allogeneic myeloma cell therapy P-BCMA-ALLO1 at ASH 2023, indicating potential to compete with autologous CAR-T. The company plans to update clinical data for P-BCMA-ALLO1 and P-MUC1C-ALLO1 in 2024 and expects to dose the first patient in the P-CD19CD20-ALLO1 trial early 2024. Poseida expanded its partnership with Roche, accelerating milestone achievements. The company also highlighted progress in its non-viral gene therapy portfolio, including P-FVIII-101 for Hemophilia A. Poseida's cash position is expected to fund operations into the second half of 2025, supported by business development and partnerships.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:03 pm

MODG

Raymond James analyst Joseph Altobello has maintained an Outperform rating on Topgolf Callaway Brands (NYSE:MODG) and increased the price target from $14 to $16.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:03 pm

REAL

Baird analyst Mark Altschwager has downgraded RealReal (NASDAQ:REAL) from Outperform to Neutral and reduced the price target from $3.25 to $2.75.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:02 pm

HD

Over the past three months, 13 analysts have provided diverse ratings for Home Depot (NYSE:HD), with an average 12-month price target of $338.69, up from the previous $336.10. Recent actions include both raised and lowered price targets and ratings, reflecting dynamic market conditions and company performance. Home Depot is a leading home improvement retailer with significant market capitalization and financial strength, despite a recent revenue decline of -2.99%. The company's net margin and ROE are above industry benchmarks, but it carries a higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 1:01 pm

PFE

Pfizer (NYSE:PFE) has been analyzed by 17 analysts in the last three months, with a diverse range of perspectives. The average 12-month price target is $37.47, with a high of $75.00 and a low of $27.00, reflecting a 6.33% decline from the previous average. Recent actions by analysts show a trend of lowering price targets and maintaining or lowering ratings. Pfizer's financials indicate challenges with revenue growth, net margin, ROE, and ROA, but a positive aspect is its lower debt-to-equity ratio compared to the industry average.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 1:00 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has been analyzed by 5 analysts, showing a consensus of indifference with 3 indifferent ratings. The 12-month price target averages $254.00, down from the previous $276.67. Analysts from Stifel, UBS, Mizuho, Morgan Stanley, and Barclays have maintained or lowered their price targets, with the highest being $280.00 and the lowest $235.00. ADP's financials show strong market presence, revenue growth, profitability, and effective utilization of equity and assets, with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 1:00 pm

SWKS

Analysts have varying opinions on Skyworks Solutions (NASDAQ:SWKS), with recent ratings ranging from bullish to bearish. Over the last quarter, there have been 2 bullish, 4 somewhat bullish, 2 indifferent, and 1 bearish rating. The average 12-month price target is $106.89, with a high of $130.00 and a low of $87.00, marking a 13.27% decrease from the previous average. Several analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Skyworks Solutions specializes in semiconductors for wireless connectivity, serving large smartphone manufacturers and other sectors. Financial analysis shows the company's market cap is below industry average, with a -13.37% revenue decline, below-average net margin, ROE, and ROA, but a conservative debt-to-equity ratio of 0.25.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 1:00 pm

AREN

CALM

HALL

JFBR

KTRA

RGP

SLS

Resources Connection, Inc. (NASDAQ:RGP) shares increased by over 6% in pre-market trading due to Q2 earnings of 28 cents per share, surpassing estimates of 18 cents, and sales of $163.1 million, beating expectations of $161.936 million. Other stocks experienced pre-market movements, with notable gainers including Jeffs' Brands Ltd (NASDAQ:JFBR), Kintara Therapeutics, Inc. (NASDAQ:KTRA), and The Arena Group Holdings, Inc. (NYSE:AREN), while significant losers were SELLAS Life Sciences Group, Inc. (NASDAQ:SLS), Hallmark Financial Services, Inc. (NASDAQ:HALL), and Cal-Maine Foods, Inc. (NASDAQ:CALM) due to various company-specific news and analyst actions.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 12:59 pm

SHOO

Jefferies analyst Corey Tarlowe has downgraded Steven Madden (NASDAQ:SHOO) from Buy to Hold and set a price target of $40.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:59 pm