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AMAT

CVS

INTU

META

QCOM

VZ

Donald Trump's proposal to replace income taxes with tariffs on foreign goods has caused stocks dependent on Chinese suppliers to underperform. Companies like CVS Health, Verizon, and Intuit, which rely on U.S. suppliers, have outperformed those like Meta Platforms, Qualcomm, and Applied Materials, which rely on Chinese suppliers.

Portfolio Pulse from Hayden Buckfire

June 25, 2024 | 7:00 pm

AVAXUSD

Avalanche's (CRYPTO: AVAX) price increased by 5.68% in the past 24 hours to $25.6, despite a 2.0% loss over the past week. The trading volume has decreased by 32.0%, and the circulating supply has fallen by 0.23%. The current market cap ranking for AVAX is #14 at $10.07 billion.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 7:00 pm

NYT

SPOT

The New York Times plans to move its podcasts, including popular shows like 'Serial' and 'The Daily,' behind a paywall, limiting access to subscribers. This move is aimed at boosting subscription revenue.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:53 pm

HD

POOL

Home Depot shares are trading lower following Pool Corporation's announcement of revised 2024 earnings guidance, which highlights a significant slowdown in discretionary pool spending. Pool Corporation expects a 15% to 20% decline in new pool construction and remodeling activities in 2024 due to a challenging macroeconomic environment. This has led to a downward revision in Pool Corporation's earnings per share guidance. The news has negatively impacted Home Depot, a major supplier of home improvement and building materials.

Portfolio Pulse from Vaishali Prayag

June 25, 2024 | 6:40 pm

MU

Rosenblatt analyst Hans Mosesmann maintained a Buy rating on Micron Technology Inc (NASDAQ:MU) with a $225 price target. Mosesmann expects Micron to benefit from a significant memory cycle driven by AI demand and HBM industry ramp-up. Despite challenges in HBM supply, the analyst forecasts strong revenue growth for Micron.

Portfolio Pulse from Anusuya Lahiri

June 25, 2024 | 6:34 pm

KKR

LEN

KKR has made its largest investment in the apartment sector by acquiring 5,200 apartment units across the U.S. for $2.1 billion from Quarterra, Lennar's apartment development arm. This move indicates KKR's bet on rising rents.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:32 pm

BTCUSD

Congressman Matt Gaetz has introduced a bill to allow federal tax payments in Bitcoin, aiming to amend the Internal Revenue Code of 1986. The bill proposes a framework for the U.S. Treasury to develop a system for Bitcoin tax payments, with immediate conversion to dollars. This move could integrate digital currencies into mainstream financial operations and promote innovation.

Portfolio Pulse from Murtuza Merchant

June 25, 2024 | 6:31 pm

MS

Morgan Stanley (NYSE:MS) has outperformed the market over the past 10 years with an average annual return of 11.7%. A $1000 investment in MS stock 10 years ago would be worth $3,022.58 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 6:30 pm

TMHC

Taylor Morrison Home (NYSE:TMHC) has outperformed the market over the past 5 years, delivering an average annual return of 21.33%. A $1000 investment in TMHC 5 years ago would be worth $2,643.13 today. The company's current market capitalization is $5.99 billion.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 6:30 pm

ADSK

Autodesk (NASDAQ:ADSK) has outperformed the market over the past 20 years with an average annual return of 12.96%, resulting in a $1000 investment growing to $11,377.80. The company currently has a market capitalization of $51.90 billion.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 6:01 pm