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Wedbush Securities analyst Dan Ives has raised the price target for Microsoft Corp (NASDAQ:MSFT) from $500 to $550, citing positive AI customer feedback and the increasing monetization of Copilot and Azure. Microsoft has been making significant strides in AI and cloud computing, including a $7.16 billion investment in new data centers in Spain and the development of an Arm-based PC chip in collaboration with MediaTek. Investors can gain exposure to Microsoft stock via Vanguard Total Stock Market ETF (NYSE:VTI) and SPDR Select Sector Fund – Technology (NYSE:XLK).

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 2:14 am

MSFT

Microsoft Japan's president, Miki Tsusaka, highlighted Japan's rapid adoption of AI technology, which could boost the country's economy and tech sector. Microsoft is investing $2.9 billion in AI data centers in Japan, and OpenAI has opened its first Asian office in Tokyo.

Portfolio Pulse from Ananya Gairola

June 17, 2024 | 1:47 am

TIP

Former Treasury Secretary Larry Summers criticized Donald Trump's fiscal policy proposals, warning they could lead to severe stagflation. Summers highlighted the inflationary impact of Trump's tariff and labor restriction plans, comparing them to the damaging Smoot-Hawley tariffs of the Great Depression era. The iShares TIPS Bond ETF (NYSE:TIP) saw a slight increase, reflecting market concerns about inflation.

Portfolio Pulse from Shanthi Rexaline

June 16, 2024 | 5:33 pm

GME

MSTR

This week in cryptocurrency saw significant events including Edward Snowden's critique of Senator Elizabeth Warren's anti-Bitcoin stance, a trader's high-risk bet on Bitcoin, Robert Kiyosaki's endorsement of Bitcoin as a path to wealth, a massive increase in Shiba Inu's burn rate, and Max Keiser's proposal for GameStop to adopt a Bitcoin treasury strategy.

Portfolio Pulse from Benzinga Neuro

June 16, 2024 | 10:00 am

TCNNF

Florida's potential legalization of marijuana could generate significant tax revenue, but Governor Ron DeSantis opposes the initiative. The measure, supported by Smart & Safe Florida and funded by cannabis companies like Trulieve, will be on the ballot in November 2024.

Portfolio Pulse from Maureen Meehan

June 15, 2024 | 7:46 pm

AGIO

Agios Pharmaceuticals announced that its Phase 3 ENERGIZE study of mitapivat in non-transfusion-dependent thalassemia achieved its primary endpoint, showing significant improvements in hemoglobin response rate and other health-related quality of life measures.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2024 | 4:38 pm

CROX

Crocs (NASDAQ:CROX) has significantly outperformed the market over the past 10 years, delivering an average annual return of 26.47%. A $100 investment in CROX stock 10 years ago would be worth $1,044.44 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 9:30 pm

PRI

Primerica (NYSE:PRI) has significantly outperformed the market over the past 10 years, delivering an average annual return of 16.53%. A $1000 investment in PRI stock 10 years ago would be worth $4,661.60 today. The company's current market capitalization is $7.59 billion.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 9:30 pm

RS

Reliance (NYSE:RS) has significantly outperformed the market over the past 10 years, delivering an average annual return of 14.15%. A $1000 investment in RS stock 10 years ago would be worth $3,763.79 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 9:00 pm

KLAC

KLA (NASDAQ:KLAC) has significantly outperformed the market over the past 15 years, delivering an average annual return of 26.58%. A $1000 investment in KLAC 15 years ago would be worth $32,576.62 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 9:00 pm