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Cathie Wood and Ark Invest have set a new price target of $2,600 for Tesla by 2029, driven by the company's autonomous vehicle ambitions. The forecast heavily relies on Tesla's robotaxi business, predicting significant revenue and EBITDA contributions from this segment. Tesla's potential market capitalization could reach up to $10.9 trillion in a bull case scenario.

Portfolio Pulse from Chris Katje

June 12, 2024 | 3:18 pm

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USO

The stock market is reacting positively to cooler-than-expected CPI data, with significant buying in AI stocks and major tech companies. The probability of a rate cut by the Fed in September is now 55%, and 90% by December. Inflation in China is also falling, which helps lower U.S. inflation. The International Energy Agency predicts an oil surplus by 2030. Bitcoin is rallying on lower CPI. Investors are advised to maintain a balanced protection band to manage risk.

Portfolio Pulse from The Arora Report

June 12, 2024 | 3:18 pm

RNA

Avidity Biosciences (NASDAQ:RNA) shares surged 33.5% following positive results from the Phase 1/2 FORTITUDE trial for treating facioscapulohumeral muscular dystrophy (FSHD) with delpacibart braxlosiran. The trial showed significant functional improvements and good tolerance, offering hope for FSHD patients.

Portfolio Pulse from Dylan Berman

June 12, 2024 | 3:15 pm

BC

Brunswick (NYSE:BC) has significantly outperformed the market over the past 15 years, with an annualized return of 21.73%. A $100 investment in BC stock 15 years ago would be worth $1,874.04 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 3:02 pm

FCX

Freeport-McMoRan (NYSE:FCX) has appointed Kathleen Quirk as its new CEO, who plans to ramp up copper production to meet growing global demand. Despite challenges like labor shortages and higher costs, Quirk is optimistic about leveraging technology to extract copper from waste rock, aiming to generate 800 million pounds of copper annually over the next three to five years.

Portfolio Pulse from Stjepan Kalinic

June 12, 2024 | 3:01 pm

NTR

Nutrien's CEO announced the company is pursuing the divestiture of its retail assets in Argentina, Chile, and Uruguay, which account for around 2% of retail earnings. The company will continue to review its footprint to reduce operating costs in Brazil, amidst rising global demand and costs.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:01 pm

ZIP

ZipRecruiter (NYSE:ZIP) has been analyzed by four analysts, revealing mixed sentiments ranging from somewhat bullish to indifferent. Recent analyst actions include lowering price targets and ratings, with the current average price target at $12.38, down 13.12% from the prior average. Key financial metrics show challenges in revenue growth and return on equity, but strong net margin and return on assets.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 3:01 pm

PEPEUSD

Pepe (CRYPTO: PEPE) has seen a 13.21% price increase in the past 24 hours, despite a 5.0% loss over the past week. Trading volume has climbed 34.0% while circulating supply decreased by 0.24%. Pepe's market cap is currently ranked #23 at $5.76 billion.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 3:01 pm

UNH

The article provides a comprehensive industry comparison of UnitedHealth Group (NYSE:UNH) against its primary competitors in the Health Care Providers & Services industry. Key financial metrics, market position, and growth prospects are analyzed to offer valuable insights for investors.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 3:00 pm

CRM

The article provides a comprehensive comparison of Salesforce (NYSE:CRM) with its key competitors in the software industry, focusing on financial indicators, market standing, and growth potential. Salesforce shows potential undervaluation with low P/E, P/B, and P/S ratios but has a low ROE. The company demonstrates strong operational performance with high EBITDA and gross profit but has lower revenue growth compared to the industry average.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 3:00 pm