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SHEL

STLD

On CNBC's 'Halftime Report Final Trades,' analysts discussed their views on Shell (SHEL), Invesco QQQ Trust (QQQ), Freeport-McMoRan (FCX), and Steel Dynamics (STLD). Shell's Q1 FY24 operational outlook showed lower LNG trading results but improved production and liquefaction volumes. Invesco QQQ Trust was mentioned as a short position. Freeport-McMoRan received an upgrade from BofA Securities and a price target increase from Scotiabank, highlighting its strong position in the copper market. Steel Dynamics is anticipated to report Q1 earnings with expectations of $3.51 per share on $4.74 billion revenue.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 1:01 pm

KR

Analyst ratings for Kroger (NYSE:KR) show a mix of bullish and bearish perspectives with a recent trend towards more positive evaluations. Over the past three months, 13 analysts have provided ratings, with a shift in sentiment observed in the last 30 days. The average 12-month price target for Kroger has risen to $58.00, indicating an 8.61% increase from the previous target of $53.40. Key analysts from firms like Wells Fargo, Exane BNP Paribas, and Telsey Advisory Group have adjusted their price targets and ratings, reflecting optimism about Kroger's market position and financial performance. Kroger's financial indicators such as revenue growth, net margin, ROE, ROA, and debt management are highlighted, showcasing the company's strong market presence and financial health.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 1:01 pm

OKE

ONEOK (NYSE:OKE) has received diverse analyst ratings over the last three months, with a total of 12 analysts offering views ranging from bullish to bearish. The recent updates show a positive trend in analyst sentiment, with several analysts raising their price targets. The average 12-month price target is now $81.42, up 6.88% from the previous $76.18, indicating a bullish outlook. Financial performance analysis reveals ONEOK's strong market presence and revenue growth, despite challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 1:00 pm

BLMH

Blüm Holdings Inc. (OTCQB:BLMH) reported a 36% decrease in 2023 revenue to $33.2 million, attributing the drop to a strategic slowdown in its distribution segment. Despite this, the company narrowed its net loss by 93% to $13.8 million from the previous year and increased its gross margin from 35% to 53%. The company also exited an unprofitable cultivation facility and became the parent company of Unrivaled Brands, Inc. Shares fell 12.36% to $0.78 after the announcement.

Portfolio Pulse from Jelena Martinovic

April 16, 2024 | 12:58 pm

SCHW

Charles Schwab Corporation (NYSE:SCHW) reported a 17% Y/Y decline in adjusted net income for Q1 2024 but exceeded revenue expectations with $4.74 billion, slightly above the consensus of $4.71 billion. The company also added 1 million new brokerage accounts, reaching a total of 35.3 million. Following the earnings announcement, analysts from JP Morgan, Barclays, B of A Securities, and Piper Sandler raised their price targets on SCHW, with varying ratings from Overweight to Underperform.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 12:58 pm

AMZN

META

UBER

JPMorgan analyst Doug Anmuth remains bullish on the Internet sector, highlighting Amazon (AMZN), Meta (META), and Uber (UBER) as top picks ahead of Q1 2024 earnings. Amazon is praised for its growth prospects, especially in AWS and free cash flow. Meta is noted for its advertising strength and AI capabilities, with potential for revenue growth. Uber is recognized for its demand resilience and profitability outlook. The integration of AI and strategic initiatives across these companies underscores their potential for future growth.

Portfolio Pulse from Surbhi Jain

April 16, 2024 | 12:56 pm

ITCI

Intra-Cellular shares surged following the announcement that Lumateperone 42 mg, as an adjunctive therapy to antidepressants, successfully met its primary endpoint.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:56 pm

NCNA

Trading for NCNA was halted and then resumed at 8:55 AM ET, following an update on its status. This event indicates a significant occurrence that prompted the halt and resumption, which could be due to a variety of reasons such as financial disclosures, regulatory news, or other material events.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:55 pm

NOK

Nokia shares are experiencing an uptick due to positive market reaction to Ericsson's better-than-expected Q1 earnings per share (EPS) results. The positive performance of Ericsson has created a sympathetic rise in Nokia's stock as investors anticipate similar positive financial health and performance from Nokia.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:54 pm

AZN

AstraZeneca Plc (NASDAQ:AZN) released updated results from the TOPAZ-1 Phase 3 trial of Imfinzi in combination with chemotherapy for advanced biliary tract cancer, showing significant survival benefits at three years. The data revealed a 26% reduction in the risk of death and more than double the survival rate at three years compared to chemotherapy alone. The trial met its primary endpoint of overall survival in October 2021.

Portfolio Pulse from Vandana Singh

April 16, 2024 | 12:53 pm