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LVS

Las Vegas Sands shares are trading higher, potentially in sympathy with MGM's recent performance.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:18 pm

BKGI

WBIY

Dominion Energy Inc (NYSE:D) reported Q1 FY24 earnings with revenue of $3.632 billion, missing the consensus of $4.380 billion. Adjusted operating earnings decreased to $483 million from $515 million, and adjusted EPS fell to $0.55 from $0.59, aligning with consensus expectations. The company reaffirmed its FY24 and FY25 EPS guidance, countering rumors of delays in the Coastal Virginia Offshore Wind project. Investors can also gain exposure to Dominion Energy through BKGI and WBIY ETFs. Shares of Dominion Energy were slightly up in the latest trading session.

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 6:15 pm

AMD

INTC

NVDA

QCOM

SOXL

SOXS

SOXX

TSM

Semiconductor stocks rose after the Federal Open Market Committee (FOMC) meeting indicated no rate hikes, with strong earnings from Qualcomm boosting the sector. Nvidia, AMD, and Taiwan Semiconductor saw gains, while Intel experienced a slight drop. The FOMC's stance on interest rates and Qualcomm's earnings report positively impacted the sector, suggesting a favorable environment for high-growth equities like semiconductors. Investors are advised to consider semiconductor-focused ETFs for diversified exposure.

Portfolio Pulse from Johnny Rice

May 02, 2024 | 6:11 pm

NCLH

Barclays analyst Brandt Montour maintains an Equal-Weight rating on Norwegian Cruise Line (NCLH) and lowers the price target from $21 to $20.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:01 pm

EBAY

Analysts have recently updated their ratings and price targets for eBay (NASDAQ:EBAY), showing a diverse range of opinions. In the last three months, 16 analysts have provided ratings, with the latest updates indicating an average 12-month price target of $54.5, up from $49.00, reflecting an 11.22% increase. The ratings range from bullish to bearish, with recent actions including both upgrades and downgrades. eBay's financial health is highlighted by its impressive revenue growth, net margin, ROE, and ROA, alongside a prudent debt management strategy. The company's global e-commerce marketplace has achieved $73 billion in GMV for 2023, marking it as a top 10 global e-commerce company.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:00 pm

Over the past 20 years, Gartner (NYSE:IT) has produced an average annual return of 19.49%, outperforming the market by 11.57% on an annualized basis. A $100 investment in Gartner 20 years ago would be worth $3,539.17 today, showcasing the impact of compounded returns over time. Gartner's current market capitalization stands at $32.79 billion.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:00 pm

NVR

Over the past 5 years, NVR (NYSE:NVR) has outperformed the market with an annualized return of 18.13%, turning a $1000 investment into $2,271.32 today. NVR's market capitalization stands at $22.83 billion.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:00 pm

LAD

In the past three months, 11 analysts have updated their ratings on Lithia Motors (NYSE:LAD), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $311.27, down 2.82% from $320.30. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Lithia Motors, a leading auto dealer, reported a 22.77% revenue growth rate as of March 31, 2024, with a net margin of 1.9% and an ROE of 2.59%, indicating strong financial performance.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:00 pm

OGN

PSCH

XPH

Organon & Co (NYSE:OGN) reported a first-quarter revenue of $1.622 billion, a 5% increase year-over-year, surpassing the consensus of $1.563 billion. The growth was led by an 11% increase in Women's Health revenue, notably from Nexplanon, and a 46% surge in Biosimilar revenue, driven by Ontruzant and Renflexis. Despite a flat performance in Established Brands, the company beat adjusted EPS estimates with $1.22 against a consensus of $0.93. However, adjusted gross margin and EBITDA margin saw slight declines. Organon declared a quarterly dividend of $0.28 per share and reaffirmed its FY24 revenue guidance of $6.2 billion to $6.5 billion. OGN shares rose 2.18% to $19.24. Exposure to Organon's stock can also be gained through SPDR S&P Pharmaceuticals ETF (NYSE:XPH) and Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH).

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 5:58 pm

MGM

Barclays analyst Brandt Montour maintains an Overweight rating on MGM Resorts International (MGM) and raises the price target from $55 to $56.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:58 pm