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Assets

FAST

Over the past 5 years, Fastenal (NASDAQ:FAST) has outperformed the market with an annualized return of 17.78%, growing a $1000 investment to $2,274.18. The company's market capitalization stands at $40.00 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 9:30 pm

BSX

Over the past 10 years, Boston Scientific (NYSE:BSX) has outperformed the market with an annualized return of 17.63%, turning a $100 investment into $503.85. The company's market capitalization stands at $94.85 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 9:00 pm

MDB

Over the past 5 years, MongoDB (NASDAQ:MDB) has outperformed the market with an annualized return of 33.47%, turning a $100 investment into $431.63. MongoDB's market capitalization stands at $29.68 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 9:00 pm

SNPS

Synopsys (NYSE:SNPS) has seen a 20.26% increase in its short percent of float since the last report, with 2.80 million shares sold short, representing 1.84% of available shares. It would take about 1.93 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards SNPS, although it has less short interest compared to its peer group average of 3.10%.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:45 pm

IR

Ingersoll Rand (NYSE:IR) has seen a 10.71% increase in its short percent of float since the last report, with 4.78 million shares sold short, representing 1.55% of available shares. This indicates a bearish sentiment among investors, although it's lower than the peer group average of 3.17%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:45 pm

URI

United Rentals (NYSE:URI) has seen a decrease in short interest, now at 3.74 million shares or 6.29% of float, down 3.97% since the last report. This indicates a potential shift in market sentiment towards a more bullish outlook, despite the short interest being higher than its peer group average of 4.68%. The coverage time for short positions is approximately 6.89 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:45 pm

GDX

GOLD

HMY

KGC

NEM

Gold has remained above $2,000 per ounce since November, nearing its record high. Despite this, gold miners have underperformed, with the VanEck Gold Miners ETF (GDX) losing 8% last year. However, recent World Gold Council data shows a surge in gold demand, particularly from central banks, which has led to a positive performance in gold stocks like Newmont Goldcorp (NEM), Kinross Gold (KGC), Barrick Gold (GOLD), and Harmony Gold Mining (HMY). The underperformance of gold miners compared to gold prices is attributed to rising mining costs and dilution from acquisitions, mergers, and capital raises. Yet, there's optimism that gold miners are now better managing costs, reducing debt, and improving cash flows, making them historically undervalued and poised for a potential reversal in trend.

Portfolio Pulse from Neil Dennis

February 01, 2024 | 8:36 pm

KLAC

KLA (NASDAQ:KLAC) has delivered an average annual return of 12.6% over the past 20 years, outperforming the market by 5.09% annually. A $100 investment in KLAC 20 years ago would be worth $1,065 today, with the company currently valued at a market capitalization of $80.87 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:30 pm

UNP

Union Pacific (NYSE:UNP) has seen a 38.1% decrease in short interest, now at 4.76 million shares or 0.78% of float, indicating a bullish sentiment. The short interest is significantly lower than its peer group average of 6.28%, suggesting Union Pacific is performing well compared to its peers. Short interest is a key indicator of market sentiment, and a decrease often signals increased bullishness among investors.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:30 pm

HLT

Over the past 10 years, Hilton Worldwide Holdings (NYSE:HLT) has produced an average annual return of 15.95%, outperforming the market by 5.15% annually. An investment of $1000 in HLT stock 10 years ago would be worth $4,345.87 today. Hilton's market capitalization currently stands at $48.97 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:30 pm