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RSG

Goldman Sachs analyst Jerry Revich has reaffirmed a Buy rating on Republic Services (NYSE:RSG) and added the company to its Conviction List, indicating a strong belief in the stock's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:01 pm

ARBUSD

Cryptocurrency Arbitrum (ARB) experienced a 4.42% decrease in price over the last 24 hours, falling to $1.74, despite a 3.0% increase over the past week. The trading volume for ARB has risen by 10.0%, and its circulating supply has grown by 0.27% to over 1.27 billion, representing 12.75% of its maximum supply. Currently, ARB's market cap ranks it 42nd at $2.22 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:01 pm

PSX

Four analysts have recently updated their ratings on Phillips 66 (NYSE:PSX), all maintaining a somewhat bullish stance with no changes in the last 30 days. The average 12-month price target for PSX has been raised to $152.00, indicating a 9.95% increase from the previous target of $138.25. Analysts from Wells Fargo, Raymond James, and TD Cowen have raised their price targets, reflecting optimism about the company's future performance. Despite this, Phillips 66 faces challenges with a revenue decline of -11.82% as of September 30, 2023, and below-average net margin, ROE, and ROA, indicating potential profitability and efficiency issues.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:01 pm

IBM

Recent analysis of IBM's options activity reveals a bearish sentiment among investors, with a notable volume of trades focusing on a price range between $135.0 and $200.0. Despite this, IBM's current market performance shows a 1.51% increase in stock price to $186.44. Analysts' opinions on IBM are mixed, with target prices ranging from $143 to $210. The company's significant role in global IT services and transactions is highlighted, emphasizing its impact on the Fortune 500 and global transactions.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:01 pm

EXR

Over the past 10 years, Extra Space Storage (NYSE:EXR) has delivered an average annual return of 12.36%, turning a $1000 investment into $3,200. With a current market cap of $30.52 billion, EXR's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:00 pm

CDNS

Cadence Design Systems (CDNS) has significantly outperformed the market with an annualized return of 42.05% over the past 5 years, growing a $100 investment to $582.87. The company now has a market capitalization of $78.87 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:00 pm

LDOUSD

Lido DAO (CRYPTO: LDO) experienced a 3.51% price decrease over the past 24 hours, continuing a weekly downtrend of -3.0%. The trading volume for LDO has decreased by 18.0% over the past week, while its circulating supply increased by 0.66% to 890.21 million, reaching 89.02% of its max supply. LDO's market cap ranking is now #38 at $2.49 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:00 pm

PBI

Pitney Bowes Inc. (NYSE:PBI) reported Q4 FY23 earnings with a sales decline of 4% year-on-year to $871.58 million, surpassing analyst expectations. The adjusted EPS of $0.07 also beat the consensus of $0.02. Despite the revenue decline, driven by a reduction in meter base and other factors, recurring revenue from shipping solutions grew by 17%. The company announced a quarterly dividend of $0.05 per share and expects FY24 revenue to be flat to slightly declining, with EBIT margins remaining stable. PBI shares rose by 0.4866% to $4.13.

Portfolio Pulse from Nabaparna Bhattacharya

February 01, 2024 | 6:58 pm

WBD

Larry David, who starred in an FTX Super Bowl commercial, expressed regret over his participation following the company's bankruptcy. He revealed losing a significant amount of money as part of his salary was in cryptocurrency. David is also involved in a class action lawsuit against FTX. The ad was part of Super Bowl LVI, which featured multiple cryptocurrency ads, earning it the nickname 'crypto bowl'. Warner Bros. Discovery (NASDAQ:WBD), which airs 'Curb Your Enthusiasm', is indirectly related through David's promotional activities.

Portfolio Pulse from Chris Katje

February 01, 2024 | 6:56 pm

BTI

MO

Altria Group Inc (NYSE:MO) and British American Tobacco PLC (NYSE:BTI) are two major players in the tobacco industry facing the challenge of declining global smoking rates. Altria reported a surprising increase in its fourth-quarter earnings and revenue, while BAT's results are awaited. Altria has diversified into alternative products and industries, showing superior profitability and a higher dividend yield compared to BAT. Despite this, BAT is seen by analysts as having a higher upside potential.

Portfolio Pulse from Surbhi Jain

February 01, 2024 | 6:46 pm