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MELI

Analysts have provided mixed ratings for MercadoLibre (NASDAQ:MELI) with an upward trend in the 12-month price target, now averaging $1925.0, reflecting a 10.79% increase. The company showcases strong financial performance with a revenue growth rate of 39.78% and excels in net margin, ROE, and ROA beyond industry benchmarks. MercadoLibre operates the largest e-commerce marketplace in Latin America, with significant active users and sellers, and offers a range of complementary businesses.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 6:00 pm

SSD

Simpson Manufacturing Co (NYSE:SSD) has delivered an average annual return of 18.74% over the past 10 years, outperforming the market by 8.15% on an annualized basis. With a current market capitalization of $8.38 billion, an investment of $100 in SSD stock 10 years ago would be worth $560.78 today.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 6:00 pm

ICLR

Icon (NASDAQ:ICLR) has delivered an average annual return of 17.03% over the past 5 years, outperforming the market by 4.31%. A $100 investment in ICLR 5 years ago would be worth $213.15 today. Icon's market capitalization stands at $25.85 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 6:00 pm

BTCUSD

JPM

A JPMorgan report indicates a strong retail investor comeback in the cryptocurrency market, driving Bitcoin to multi-month highs. This contrasts with Google search trends showing low public interest. Increased activity on platforms like Block, PayPal, and Robinhood, and larger Bitcoin flows from smaller wallets suggest retail participation. However, the lack of clear use cases and utility for digital assets remains a concern. Despite potential bullish catalysts, JPMorgan sees only a 50% chance for the approval of spot Ether ETFs.

Portfolio Pulse from Murtuza Merchant

February 23, 2024 | 5:57 pm

TPIC

TPI Composites shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:57 pm

CHD

Argus Research analyst Taylor Conrad upgrades Church & Dwight Co (NYSE:CHD) from Hold to Buy and sets a $115 price target.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:55 pm

BTCUSD

ETHUSD

HNTUSD

UNIUSD

Bitcoin and Ethereum experienced declines, with Bitcoin staying above $51,000 and Ethereum above $2,900. Uniswap was the top gainer, while Dymension was the biggest loser in the last 24 hours. The global crypto market cap dropped by 1.1% to $1.95 trillion. Other notable gainers include Flare, Siacoin, SingularityNET, and dYdX, with significant losers being Helium, Manta Network, Ronin, and ORDI.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 5:50 pm

C

Conor Davis, a senior sales executive at Citigroup, Inc. (NYSE:C), is set to leave the company as part of CEO Jane Fraser's restructuring efforts aimed at reducing costs and improving stock performance. The restructuring includes plans to cut 5,000 jobs by the end of the first quarter, with a total goal of reducing 20,000 roles to save $2.5 billion in expenses. Davis' departure is part of the bank's efforts to streamline operations, focusing on managing sales and relationships with hedge funds and institutional clients.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 5:49 pm

INSG

Inseego shares are trading lower due to the company reporting worse-than-expected Q4 EPS results.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:49 pm

CMCSA

DIS

PARA

WBD

Warner Bros Discovery Inc (NASDAQ:WBD) achieved streaming profitability ahead of Disney (NYSE:DIS), Comcast (NASDAQ:CMCSA), and Paramount Global (NASDAQ:PARA), despite missing Q4 revenue and earnings estimates and experiencing a 12% stock drop. The company reported a significant year-over-year increase in free cash flow and reduced its gross debt by paying off $12 billion over two years. Max, Warner Bros' streaming service, became profitable in 2023, with plans to expand internationally. In contrast, Disney+, NBCUniversal's Peacock, and Paramount are still striving for profitability in the streaming sector.

Portfolio Pulse from Upwallstreet

February 23, 2024 | 5:46 pm