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RCL

Royal Caribbean Gr (NYSE:RCL) has received diverse analyst ratings over the last three months, with a total of 10 analysts offering evaluations ranging from bullish to bearish. The average 12-month price target for RCL is $151.8, marking an 11.16% increase from the previous target of $136.56. Analysts have adjusted their ratings and price targets based on market conditions and company performance, reflecting a positive outlook on RCL's financial health, including a revenue growth rate of 27.96% and an impressive net margin of 8.32%. Royal Caribbean operates 65 ships across five brands and has shown substantial market capitalization and financial performance above industry averages.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 12:00 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) shares are down over 2% in pre-market trading after Wells Fargo downgraded the stock from Equal Weight to Underweight and slashed the price target from $200 to $125, citing concerns over disappointing deliveries, more price cuts, and potential negative EPS revisions. Analysts predict flat sales volumes in 2024 and a decline in 2025, along with lower lease residuals and a potential loss of the luxury brand premium. Tesla bull Gary Black of Future Fund warned about potential downward revision of delivery estimates, suggesting the current consensus estimate of 474,000 units for Q1 is too high and models a lower figure of 425,000 units.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 11:55 am

ADDYY

Adidas AG (OTC:ADDYY) reported a 2% decline in currency-neutral revenues for Q4 FY23, with a notable 8% decline in euro terms due to unfavorable currency movements and the absence of Yeezy business. Despite these challenges, footwear sales rose 8%, driven by growth in Originals and Skateboarding. The company faced a 21% sales decrease in North America but saw a 37% increase in Greater China. Adidas anticipates mid-single-digit sales growth in FY24, despite inventory and currency challenges, and expects an operating profit of around €500 million.

Portfolio Pulse from Shivani Kumaresan

March 13, 2024 | 11:54 am

AAPL

GOOG

SPOT

Spotify Technology SA (NYSE:SPOT) is rolling out a beta version of music videos for premium users in 11 markets, featuring artists like Ed Sheeran and Doja Cat. This move, aimed at enhancing user engagement, follows similar offerings by Alphabet Inc.'s (NASDAQ:GOOG) YouTube Music. Spotify's initiative comes amid a subscription fee increase in France due to a new tax and a recent antitrust win against Apple Inc. (NASDAQ:AAPL). Spotify's shares saw a slight decrease of 0.18% to close at $257.62.

Portfolio Pulse from Rounak Jain

March 13, 2024 | 11:52 am

TH

Target Hospitality's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided FY24 revenue guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:49 am

IONS

Ionis Pharmaceuticals' shares surged following the announcement of positive results from its Phase 2 study of ION224.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:46 am

MU

NVDA

QOWZ

SSNLF

TRFK

Samsung Electronics is adopting a new chip-making technology to compete in the AI chip market, aiming to improve its position against SK Hynix and Micron Technology. SK Hynix leads with over 80% market share in HBM3 chips, supplied mainly to Nvidia, which has seen a 91% stock increase year-to-date due to AI demand. Samsung's shift from NCF to MUF technology is expected to enhance its HBM production yields, which currently lag behind SK Hynix's. Investors can gain exposure to Nvidia through ETFs like QOWZ and TRFK.

Portfolio Pulse from Anusuya Lahiri

March 13, 2024 | 11:44 am

BCOV

GROV

RVP

Insiders at Retractable Technologies, Grove Collaborative Holdings, and Brightcove have recently made significant stock purchases. These transactions come amidst various company developments, including financial results and guidance updates. Retractable Technologies reported a loss, Grove Collaborative posted downbeat quarterly results, and Brightcove issued FY24 guidance below estimates.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 11:44 am

YMM

Full Truck Alliance shares surged following the announcement of an extension to its share repurchase program, now up to $300 million.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:44 am

DLTR

Dollar Tree's shares dropped following the announcement of disappointing Q4 financial results and Q1 earnings per share (EPS) guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:37 am