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AAPL

BofA Securities analyst Wamsi Mohan maintains a Buy rating for Apple Inc. (NASDAQ:AAPL) with a $230 price target, citing a growing iPhone installed base and potential for increased service consumption and device sales.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 4:27 pm

AAL

AAPL

AFRM

AMZN

PYPL

VTI

Affirm Holdings (AFRM) has partnered with Brittain Resorts & Hotels to offer flexible payment options for hotel guests, allowing them to pay over time for purchases over $150. Affirm reported a 35% growth in travel and ticketing transactions last quarter. The stock has gained over 106% in the last 12 months and is trading higher by 6.04% to $35.84. Investors can also gain exposure through Vanguard Small-Cap ETF (VB) and Vanguard Total Stock Market ETF (VTI).

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 4:22 pm

AAPL

FPXI

NVO

PPH

Novo Nordisk A/S (NYSE:NVO) is on the verge of surpassing Lego A/S as Denmark's most valuable brand, driven by the global success of its weight-loss drugs, Ozempic and Wegovy. Novo Nordisk's brand value surged by 59% to $5.1 billion, while Lego's increased by 3% to $8 billion. Novo Nordisk's growth has significantly impacted Denmark's economy, contributing to its GDP growth. The company's stock has gained over 80% in the last 12 months. Investors can gain exposure to Novo Nordisk through VanEck Pharmaceutical ETF (NASDAQ:PPH) and First Trust International Equity Opportunities ETF (NASDAQ:FPXI).

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 4:21 pm

CORN

SOYB

WEAT

The U.S. Department of Agriculture (USDA) has released the World Agricultural Supply and Demand Estimates (WASDE) report for June 12, 2024. The report provides updated forecasts for key agricultural commodities including corn, soybeans, and wheat.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:02 pm

ACLS

ACMR

AEIS

AMAT

AMKR

ARM

ASML

ASX

DIOD

ENTG

KLAC

LRCX

MKSI

MPWR

NVDA

QRVO

STM

SWKS

TER

Shares of semiconductor stocks are trading higher due to softer-than-expected CPI figures and ongoing AI optimism.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:02 pm

SHW

Analysts have mixed ratings for Sherwin-Williams (NYSE:SHW) with a range of price targets. The average 12-month price target is $364.69, reflecting a slight increase. The company faces a negative revenue trend but maintains strong net margins, ROE, and ROA. However, its high debt-to-equity ratio raises concerns.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 4:00 pm

EADSY

Airbus has stated that trade tariffs are increasing complexity and costs for its supply chain and its customers. The rising trade tensions globally are testing the resilience of companies like Airbus.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:56 pm

CORN

NTR

Nutrien is looking to expand its seed offerings, particularly in the Corn Belt region.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:52 pm

SPY

TLT

May's inflation report showed a deceleration to 3.3% year-over-year, lower than expected. This has increased confidence in the Federal Reserve's ability to manage inflation and has led to positive market reactions. Economists from Bank of America, Comerica, RSM US LLP, Allianz Investment Management, NorthEnd Private Wealth, and LPL Financial provided insights on the potential impact on future Fed rate cuts.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 3:25 pm

BTCUSD

DOGEUSD

PEPEUSD

SHIBUSD

Lower-than-expected CPI data has boosted Bitcoin's price, leading to a 3% increase in global crypto market capitalization. This has raised hopes for interest rate cuts ahead of a pivotal Fed meeting. Bitcoin spiked to $69,600, with altcoins like Dogecoin, Pepe, and Shiba Inu also seeing gains.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 3:21 pm