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MU

Micron Technology (NASDAQ:MU) has outperformed the market over the past 10 years by 6.39% on an annualized basis, producing an average annual return of 16.71%. If an investor had bought $100 of MU stock 10 years ago, it would be worth $463.19 today.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 4:00 pm

PGR

Progressive (NYSE:PGR) has outperformed the market over the past 5 years by 6.17% on an annualized basis, producing an average annual return of 15.12%. If an investor had bought $100 of PGR stock 5 years ago, it would be worth $203.05 today.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 4:00 pm

MS

PYPL

WMT

China's internet regulator is reaching out to foreign companies, including Walmart and PayPal, to ease concerns about its new data law regulations. The new rules give the Chinese government the power to fine or shut down companies that mishandle sensitive data. This has led to operational changes in foreign companies, with Morgan Stanley reportedly moving about 200 of its tech developers out of mainland China.

Portfolio Pulse from Shivani Kumaresan

August 17, 2023 | 3:51 pm

BIDU

Baidu (NASDAQ:BIDU) has outperformed the market over the past 15 years, producing an average annual return of 14.92%. If an investor had bought $100 of BIDU stock 15 years ago, it would be worth $806.74 today. The company currently has a market capitalization of $45.60 billion.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:30 pm

NUE

Over the past 20 years, Nucor (NYSE:NUE) has outperformed the market by 6.16% on an annualized basis, producing an average annual return of 13.84%. If an investor had bought $1000 of NUE stock 20 years ago, it would be worth $13,311.82 today.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:30 pm

ETHUSD

SPY

Former President Donald Trump's non-fungible token (NFT) collection, Trump Digital Trading Cards, has seen significant demand and price volatility. An initial investment of $1,000 in these NFTs would now be worth $2,117.50, a return of 111.8% in around eight months. This outperforms the same investment in the SPDR S&P 500 ETF Trust, which would have returned 14.3%. However, the second series of Trump NFTs has not performed as well, with investors down around 64.4% on their investment.

Portfolio Pulse from Chris Katje

August 17, 2023 | 3:27 pm

ETHUSD

SHIBUSD

Shibarium, the Layer 2 network of Shiba Inu (CRYPTO: SHIB), launched amidst technical issues due to an unprecedented surge in traffic. The developers assured that there are no bridge issues and all user funds remain secure. The launch of Shibarium, built on the Ethereum (CRYPTO: ETH) blockchain, aims to tackle issues related to slow transaction speeds and elevated gas costs in the blockchain domain. The Shiba Inu crypto is trading down 11.4% at $0.00000859.

Portfolio Pulse from Murtuza Merchant

August 17, 2023 | 3:24 pm

MSFT

Microsoft CEO Satya Nadella has compared the potential impact of artificial intelligence (AI) on the company and the wider industry to that of the internet revolution. Microsoft has invested $13 billion in OpenAI, including a $10 billion investment in January 2021. Nadella believes that the partnership with OpenAI is working well, despite the hype and uncertainty surrounding AI.

Portfolio Pulse from Rounak Jain

August 17, 2023 | 3:24 pm

XOM

A significant bullish position has been taken on Exxon Mobil (NYSE:XOM), as observed from publicly available options history. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $70.0 to $135.0 for Exxon Mobil over the last 3 months. The price of XOM is up 3.31% at $109.86. UBS, Mizuho, and Truist Securities have maintained their Buy and Hold ratings on Exxon Mobil, while RBC Capital has downgraded its action to Sector Perform.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:17 pm

AMD

A significant bearish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 16% bullish and 83% bearish. The price range targeted by these investors for AMD over the last 3 months is $50.0 to $160.0. The current price of AMD is down -1.87% at $105.19. Analysts from Wedbush, Benchmark, Susquehanna, B of A Securities, and Morgan Stanley have maintained their ratings on AMD, with price targets ranging from $132 to $155.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:16 pm