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NVDA

Over the past 20 years, NVIDIA (NASDAQ:NVDA) has produced an average annual return of 32.31%, outperforming the market with an annualized basis of 24.81%. A $1000 investment in NVDA 20 years ago would be worth $270,526.83 today. NVIDIA's market capitalization currently stands at $1.17 trillion.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:02 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has significantly outperformed the market with an average annual return of 30.04% over the past 20 years. A $100 investment in BKNG 20 years ago would be worth $19,387.46 today. The company's current market capitalization stands at $118.71 billion.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:02 pm

QQQM

SPY

The Federal Reserve's policy decisions throughout 2023 have led to significant movements in the stock market. Despite initial expectations of a peak rate of 4.5%-4.75%, the Fed raised rates to 5.25%-5.5%. The hawkish stance in early 2023 led to a stock market dip, but as inflation rates fell and the Fed's tone softened, stocks rallied. The SPDR S&P 500 ETF (SPY) gained 21% year to date, while the Invesco NASDAQ 100 ETF (QQQM) rallied 50%. The final CPI reading for November showed inflation at 3.1%, fueling speculation that the rate-hike cycle may be over and potentially leading to easing in the spring.

Portfolio Pulse from Neil Dennis

December 13, 2023 | 1:30 pm

RNG

RingCentral, Inc. (NYSE:RNG) has announced the repurchase of approximately $253 million of its 0% Convertible Senior Notes due 2025 using $240 million in cash. This transaction is part of a strategy to manage debt using proceeds from the issuance of 8.500% Senior Notes due 2030. The repurchase is expected to close around December 15, 2023, leaving $161 million of the 2025 Convertible Notes outstanding.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:21 pm

AAPL

FXCOF

Foxconn Technology Co., Ltd. (OTC:FXCOF) has received approval to invest an additional $1 billion in its India-based manufacturing plant for Apple Inc. (NASDAQ:AAPL) devices. This raises Foxconn's total investment in the Bengaluru site to approximately $2.7 billion. The move is part of a strategic shift away from China, reflecting economic challenges and U.S.-China tensions. The investment will expand production capacity, potentially including iPhones, and may also support manufacturing of electric vehicle parts for other clients. AAPL shares rose 0.47% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 13, 2023 | 1:16 pm

CMI

Cummins Inc. (NYSE:CMI) has experienced a 15.46% increase in short interest since its last report, with 1.58 million shares sold short, representing 1.12% of its float. The short interest is below the peer group average of 4.47%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 1:15 pm

AEP

American Electric Power (NYSE:AEP) has seen a 13.82% rise in short interest since the last report, with 7.35 million shares sold short, representing 1.4% of available shares. It would take about 2.37 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, AEP has less short interest compared to its peers' average of 2.35%. The article suggests that high short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 1:15 pm

CSTE

Caesarstone Ltd. (NASDAQ:CSTE) is closing its Richmond Hill manufacturing facility as part of a strategic plan to optimize production, expecting to save $20M annually. The company will incur $45M-$55M in restructuring expenses and impairment charges in Q4 2023, with cash costs of $3M-$5M through 2024. Additionally, Caesarstone faces challenges in Australia, where a ban on engineered stone containing crystalline silica will affect its sales, as Australia represented 18% of its revenue for the first nine months of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:13 pm

DARE

Daré Bioscience has received a $2M funding award from the National Institutes of Health's Eunice Kennedy Shriver National Institute of Child Health and Human Development. This award will support the Phase 1 human study of DARE-PTB1, a product in development by Daré Bioscience.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:05 pm

AGRI

BETS

LFCR

RGF

SANW

The article highlights five consumer staples sector stocks that are considered oversold based on their Relative Strength Index (RSI) values, which are near or below 30. Lifecore Biomedical, Inc. (LFCR), Bit Brother Limited (BETS), The Real Good Food Company, Inc. (RGF), AgriFORCE Growing Systems Ltd. (AGRI), and S&W Seed Company (SANW) have all experienced significant stock price declines recently, presenting potential buying opportunities for undervalued companies.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 12:44 pm