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AAPL

MSFT

Apple Inc. (AAPL) stock reached a new all-time high last week, reclaiming its $3 trillion market cap despite a current ban on some Apple Watch models. Apple's market cap surpasses the combined GDP of 140 countries, positioning it as the equivalent of the world's seventh-largest country by GDP. Apple's stock has surged over 57% in 2023, outperforming the S&P 500 and Nasdaq, and is set to close the year as the largest company by market cap, ahead of Microsoft Corp. (MSFT) with a market cap of $2.774 trillion.

Portfolio Pulse from Rounak Jain

December 21, 2023 | 12:08 pm

BHC

Bausch Health Companies Inc. has announced positive topline results from a Phase 2 study of Amiselimod, a drug being evaluated for the treatment of ulcerative colitis. Amiselimod is an S1P antagonist, which is a type of drug that may offer a new approach to treating this chronic inflammatory bowel disease.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:04 pm

CNEY

RETO

TANH

The article highlights three materials sector stocks that are considered oversold based on their Relative Strength Index (RSI) values, suggesting potential buying opportunities for undervalued companies. ReTo Eco-Solutions, Inc. (RETO) has an RSI of 26.55 and recently received a Nasdaq notification regarding minimum bid price deficiency. Tantech Holdings Ltd (TANH) secured a major contract in August but has seen its stock fall by 31% over the past five days, with an RSI of 28.38. CN Energy Group. Inc. (CNEY) announced a significant activated carbon order in September, yet its stock also dropped by 31% over the past five days, with an RSI of 22.90.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 12:03 pm

RCL

Analyst ratings for Royal Caribbean Gr (NYSE:RCL) show a mix of bullish to bearish sentiments. Over the last quarter, 10 analysts provided ratings with 5 bullish, 3 somewhat bullish, and 2 indifferent. The 12-month price targets have an average of $123.0, with a high of $155.00 and a low of $95.00, reflecting a slight increase from the previous average of $122.43. Recent analyst actions include adjustments to ratings and price targets, with some maintaining their positions while others raise or lower their targets. Royal Caribbean operates 64 ships and has 10 more on order, with a market cap above industry average, a revenue growth rate of 39.0%, a net margin of 24.25%, but an ROE and ROA below industry standards, and a debt-to-equity ratio of 4.65.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 12:01 pm

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) has received 37 analyst ratings in the past three months, with a consensus leaning towards bullish. The average 12-month price target is $231.35, up from $207.04, with a high estimate of $325.00 and a low of $180.00. Analysts from firms like Needham, BMO Capital, and Goldman Sachs have raised their price targets, reflecting positive sentiment towards CRWD's financial performance, including strong revenue growth and net margin, despite a lower ROE and market capitalization below industry benchmarks.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 12:00 pm

AMZN

Analyst ratings for Amazon.com (NASDAQ:AMZN) show a mix of bullish and somewhat bullish perspectives with no bearish or indifferent ratings. Over the last three months, 32 analysts have provided ratings, with recent updates indicating a slight increase in the 12-month price target average to $174.28. Analysts from firms like Wedbush, Oppenheimer, and Truist Securities have raised their price targets, while others have maintained their positive outlook. Amazon's strong financial performance is highlighted by its market capitalization, revenue growth, net margin, ROE, ROA, and a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 12:00 pm

PILBF

SSLZY

WDS

Woodside Energy Group Ltd (NYSE:WDS) has signed a five-year Sales and Purchase Agreement (SPA) with Pilgangoora Operations Pty Ltd, a subsidiary of Pilbara Minerals (OTC:PILBF), to supply Domestic LNG from the Pluto Truck Loading Facility starting Q4 2024. The deal supports Woodside's commitment to domestic gas supply and helps Pilbara Minerals reduce emissions by lowering diesel use. This news follows Woodside's ongoing discussions with Santos Ltd. (OTC:SSLZY) about a potential merger.

Portfolio Pulse from Lekha Gupta

December 21, 2023 | 11:58 am

KMX

CarMax reported a decrease in Q3 retail used unit sales by 2.9%, with comparable store used unit sales declining by 4.1%.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:54 am

KMX

CarMax (NYSE:KMX) reported Q3 earnings of $0.52 per share, surpassing the consensus estimate of $0.47, a 116.67% increase from last year. However, sales of $6.15B fell short of the $6.35B estimate, marking a 5.50% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:52 am

HIW

Morgan Stanley analyst Ronald Kamdem has downgraded Highwoods Properties (HIW) from Equal-Weight to Underweight and reduced the price target from $22 to $18.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:49 am