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FXCOF

Foxconn Industrial Internet (FII), a unit of Foxconn Technology Group, is planning to invest up to $200 million in a components-making plant in India's Tamil Nadu. This move is part of Foxconn's strategy to diversify its manufacturing base amid the ongoing US-China trade tensions.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:33 pm

MMM

A significant bullish stance has been taken on 3M (NYSE:MMM) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 75% bullish and 25% bearish. The price target for 3M over the last three months, based on Volume and Open Interest, ranges from $70.0 to $170.0. The current price of MMM is up 1.9% at $111.92. Analysts from Citigroup, Morgan Stanley, and Barclays have maintained their ratings on 3M.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:31 pm

SPGI

S&P Global (NYSE:SPGI) has outperformed the market over the past 5 years by 6.2% on an annualized basis, producing an average annual return of 16.26%. If an investor had bought $100 of SPGI stock 5 years ago, it would be worth $211.90 today.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:30 pm

INFY

Infosys (NYSE:INFY) has outperformed the market over the past 20 years, producing an average annual return of 12.1%. If an investor had bought $1000 of INFY stock 20 years ago, it would be worth $9,879.55 today. The company currently has a market capitalization of $68.75 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:30 pm

AWKNF

Awakn Life Sciences Corp. (OTC:AWKNF) is moving closer to a Phase III clinical trial for the use of ketamine-assisted therapy to treat severe Alcohol Use Disorder (AUD). The company has also recently divested clinic assets in the UK to focus more on therapeutic research and intellectual property. The Phase III trial, which is the only one of its kind to receive government funding, will involve 280 participants and will be the largest of its kind.

Portfolio Pulse from The Dales Report

July 26, 2023 | 6:27 pm

JPM

PACW

JPMorgan Chase & Co. is set to acquire nearly $2 billion worth of mortgages from PacWest Bancorp, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:10 pm

NKE

Over the past 10 years, Nike (NYSE:NKE) has outperformed the market by 2.85% on an annualized basis, producing an average annual return of 13.27%. If an investor had bought $1000 of NKE stock 10 years ago, it would be worth $3,485.41 today.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:01 pm

MAR

Over the past 10 years, Marriott Intl (NASDAQ:MAR) has outperformed the market by 6.21% on an annualized basis, producing an average annual return of 16.63%. If an investor had bought $100 of MAR stock 10 years ago, it would be worth $470.58 today. The company currently has a market capitalization of $58.51 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:00 pm

ETHUSD

On Tuesday, 6,234.45 Ether (ETH) worth $11,591,158 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, permanently removing it from circulation. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -7.67%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:00 pm

ADP

ALK

CAT

ENVX

ETN

HYZN

LUV

UPS

The article reports on the options activity of 10 industrial stocks in today's session. The stocks mentioned are LUV, ENVX, HYZN, GE, UPS, BA, ADP, CAT, ETN, and ALK. The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:35 pm