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SLV

Silver prices are on the rise as expectations for rate cuts fuel an increase in precious metals trading.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 7:12 pm

BAC

C

PNC

USB

HSBC Global Research analyst Saul Martinez has revised ratings on several banks, expressing a positive outlook for super regional banks in 2025. Martinez forecasts improved net interest income, EPS growth, and share buybacks for these banks. U.S. Bancorp was upgraded to Buy with a price target of $53, while The PNC Financial Services Group was upgraded to Hold with a price target of $155. Conversely, Bank of America was downgraded to Hold, though its price target was slightly increased to $39. Citigroup was excluded from the EPS growth forecast.

Portfolio Pulse from Lekha Gupta

March 28, 2024 | 7:05 pm

UGRO

Urban-Gro (NASDAQ:UGRO), a cannabis ancillary company, reported a significant stock price drop of 23.42% to $1.4 following its Q4 and full-year 2023 financial results. The company experienced a net loss increase of 18.2% to $18.7 million and a negative shift in adjusted EBITDA to -$9.7 million, despite a revenue increase to $71.5 million. The losses were attributed to market shifts and a project backlog. Management remains optimistic about future growth, expecting a revenue increase of over $84.0 million in 2024 and positive adjusted EBITDA.

Portfolio Pulse from Rolando García

March 28, 2024 | 7:04 pm

XLMUSD

Stellar's (CRYPTO: XLM) price has seen a 3.67% increase over the past 24 hours, reaching $0.14, with a weekly uptick of over 6.0%. The trading volume has decreased by 25.0% over the past week, while the circulating supply has slightly increased. Stellar's market cap ranks it at #35 with a value of $3.95 billion.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:02 pm

ETCUSD

Ethereum Classic (CRYPTO: ETC) has seen a 3.94% increase in price over the last 24 hours, reaching $32.44, continuing a positive trend with a 10% gain over the past week from $29.58. Despite a 23% drop in trading volume, its market cap ranks #30 at $4.73 billion. The coin's all-time high is $167.09.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:02 pm

FITB

Fifth Third Bancorp (NASDAQ:FITB) has received mixed analyst ratings over the last three months, with a shift towards more positive evaluations in recent weeks. The average 12-month price target for FITB has been raised to $39.89, indicating a 10.81% increase from the previous target. Analysts from firms like Wells Fargo, Evercore ISI Group, and Morgan Stanley have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Despite a negative revenue trend and a lower market capitalization compared to industry peers, FITB's financials show strong net margin, ROE, and ROA, suggesting efficient management and profitability.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:01 pm

RNDRUSD

Cryptocurrency Render (RNDR) has seen a 5.62% increase in price over the last 24 hours, reaching $11.29. This is part of a positive trend over the past week, with a 5.0% gain from $10.7. The coin's all-time high is $13.53. Trading volume has decreased by 30.0% over the past week, while the circulating supply has slightly decreased by 0.28% to 381.86 million, approximately 71.77% of its max supply. Render's market cap ranking is currently #32 at $4.29 billion.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:01 pm

RRC

Analysts have varied opinions on Range Resources (NYSE:RRC), with recent ratings ranging from bullish to bearish. The average 12-month price target is $34.56, a slight decrease from the previous $35.50. Analyst actions include adjustments to ratings and price targets, reflecting changing market conditions and company performance. Range Resources, focusing on Marcellus Shale, faces revenue challenges with a -44.99% decline but maintains a strong net margin of 47.04%. The company's financial health shows mixed indicators, with a low debt-to-equity ratio but lagging ROE.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:01 pm

KLAC

Over the past 20 years, KLA Corporation (NASDAQ:KLAC) has delivered an average annual return of 13.73%, outperforming the market by 5.86% annually. With a current market capitalization of $93.95 billion, a $100 investment in KLAC 20 years ago would be worth $1,288.79 today. This highlights the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:00 pm

SIBN

Recent analyst ratings for SI-BONE (NASDAQ:SIBN) show a mix of bullish to bearish sentiments, with a slight decline in the average 12-month price target to $25.00 from a previous higher average. Analysts from Piper Sandler, Morgan Stanley, Cantor Fitzgerald, and Truist Securities have updated their ratings and price targets, reflecting dynamic market conditions and SI-BONE's performance. The company, a medical device maker, has shown a revenue growth of 21.61% but struggles with a net margin of -28.26% and below-average ROA, despite a strong ROE of -6.4% and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:00 pm