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WTS

Watts Water Technologies (NYSE:WTS) received neutral to hold ratings from 4 analysts over the last three months, with an average 12-month price target of $197.0, reflecting a 4.65% increase from the previous target. The company, specializing in water conservation and safety products, shows positive revenue growth but trails in net margin and ROE compared to industry averages. Its financial health is strong with an exceptional ROA and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:00 pm

BRK

KHC

Kraft Heinz Company (NASDAQ:KHC) reported Q4 2023 sales of $6.86 billion, a 7.1% decrease Y/Y, missing consensus estimates. Organic Net Sales decreased by 0.7%. The company faced challenges from higher input costs, leading to price increases and a decline in volume/mix. Adjusted EPS was $0.78, down 8.2% Y/Y but above consensus. For 2024, Kraft Heinz expects adjusted earnings of $3.01 to $3.07 per share and anticipates organic sales growth between flat to 2%. Shares fell 6.17% to $33.90. Berkshire Hathaway (NYSE:BRK), with Kraft Heinz as its 7th top holding, may also be impacted.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 7:51 pm

SOLUSD

WIFUSD

Dogwifhat (WIF), a Solana-based memecoin, has seen a 23.2% increase in the past 24 hours, ranking it 5th by market capitalization among memecoins. This surge is attributed to Bitcoin's rise above $52,000. WIF's market cap has reached $461.6 million, surpassing other popular memecoins like Floki and Memecoin. Solana memecoins now represent $1.4 billion of the total $22.8 billion memecoin market cap. Despite lacking real-world utility, these coins attract traders for speculative gains. Joe Ayoub, a crypto expert, referred to WIF as the 'Doge of this cycle.'

Portfolio Pulse from Khyathi Dalal

February 14, 2024 | 7:40 pm

DIS

Nelson Peltz, CEO of Trian Partners and Disney's largest shareholder, criticizes Disney's management and recent announcements, claiming they lack substance. Despite Disney's efforts to improve shareholder value through dividends and a share repurchase program, Peltz remains unimpressed, highlighting the company's underperformance compared to the S&P 500 and questioning the long-term viability of their financial strategies. Peltz has nominated two directors for Disney's 2024 annual meeting as part of an ongoing proxy battle, advocating for a refreshed board and strategic changes to enhance shareholder value.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 7:37 pm

AZTR

ENGN

HCSG

LYFT

OMH

QDEL

U.S. stocks showed mixed performance with the Dow, Nasdaq, and S&P 500 all posting gains, while consumer staples shares fell. enGene Holdings, Lyft, and Healthcare Services Group saw significant stock price increases following positive developments. Conversely, Azitra, QuidelOrtho, and Ohmyhome experienced substantial declines due to financial results and public offerings. Crude oil inventories surged unexpectedly, impacting commodity markets.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 7:32 pm

WM

Over the past 10 years, Waste Management (NYSE:WM) has produced an average annual return of 16.75%, outperforming the market by 6.34% on an annualized basis. A $1000 investment in WM a decade ago would be worth $4,704.82 today. The company's current market capitalization stands at $79.07 billion.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 7:31 pm

QQQ

SPY

Bluford Putnam, former chief economist at CME Group, downplayed the significance of the January inflation numbers, suggesting the market overreacted to a slight month-over-month increase. He believes the Federal Reserve will delay rate cuts until at least June or July, emphasizing the importance of a cautious approach to avoid reigniting inflation. The S&P 500 and NASDAQ, along with ETFs SPY and QQQ, experienced declines following the inflation report. Putnam also highlighted the potential risks facing regional banks with significant exposure to commercial real estate loans.

Portfolio Pulse from Neil Dennis

February 14, 2024 | 7:31 pm

INTU

Intuit (NASDAQ:INTU) has seen a significant options activity, indicating a divided sentiment among heavyweight investors, with 50% bullish and 50% bearish. The options activity suggests a target price range of $540.0 to $680.0. Current market data shows INTU's price up 1.96% at $650.83, with potential overbought signals. Analyst ratings from Oppenheimer and Keybanc maintain positive outlooks with target prices of $678 and $700, respectively.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 7:31 pm

RBLX

High-rolling investors have shown a bullish sentiment on Roblox (NYSE:RBLX), with options data revealing 62% bullish and 37% bearish positions. The significant trading activity, including 7 calls and 1 put, suggests expectations for RBLX's price to reach between $37.5 and $60.0 in the next three months. Market experts have issued ratings with a consensus target price of $49.8, while the current price of RBLX is $42.4. The options trading patterns and expert analysis indicate a positive outlook for Roblox's stock in the short term.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 7:30 pm

SHOO

Piper Sandler analyst Abbie Zvejnieks initiated coverage on Steven Madden, Ltd. (NASDAQ:SHOO) with a Neutral rating and a price target of $45, highlighting the brand's resilience and growth potential despite shifting trends. The acquisition of Almost Famous is expected to boost the apparel and accessories business, with low-teens earnings growth anticipated in 2024. However, increasing freight rates and delays due to the Red Sea crisis could pressure margins.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 7:18 pm