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MU

PSI

SOXX

Micron Technology (NASDAQ:MU) announced the sampling of its next-generation GDDR7 graphics memory at the Computex event in Taiwan. The new memory boasts the industry's highest bit density and offers significant performance improvements over GDDR6. Analysts also noted Nvidia's advancements as a catalyst for Micron. Micron expects HBM to be a multibillion-dollar business by fiscal 2025 and plans to invest in a new plant in Hiroshima. Micron stock has gained 87% in the last 12 months, and investors can gain exposure via Invesco Semiconductors ETF (NYSE:PSI) and iShares Semiconductor ETF (NASDAQ:SOXX).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 5:08 pm

PTC

PTC Inc. (NASDAQ: PTC) has significantly outperformed the market over the past decade, delivering an average annual return of 16.38%. A $100 investment in PTC 10 years ago would be worth $451.47 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 5:00 pm

STLD

Steel Dynamics (NASDAQ:STLD) has significantly outperformed the market over the past 5 years, delivering an average annual return of 36.81%. A $1000 investment in STLD 5 years ago would be worth $4,897.16 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 5:00 pm

UNH

A cyberattack on UnitedHealth Group's subsidiary, Change Healthcare, has caused prolonged disruptions for community health centers, affecting 30 million low-income and uninsured patients. The attack impacted 50% of U.S. medical claims processing, leading to operational and financial challenges for healthcare providers. UnitedHealth has distributed $6.5 billion in loans to mitigate the impact, but issues persist.

Portfolio Pulse from Vandana Singh

June 05, 2024 | 4:57 pm

SPY

The upcoming U.S. employment report for May is expected to show a slight increase in nonfarm payrolls and steady unemployment rates. Recent data indicates a slowdown in job growth, with private firms creating fewer jobs than expected. Bank of America predicts a 'healthy' jobs report, which could positively impact the S&P 500 ETF (SPY) if employment growth remains balanced.

Portfolio Pulse from Piero Cingari

June 05, 2024 | 4:50 pm

IEX

IDEX (NYSE:IEX) has outperformed the market over the past 15 years with an average annual return of 15.04%, surpassing the market by 2.86% annually. A $100 investment in IEX 15 years ago would be worth $813.88 today. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 4:30 pm

TRGP

Targa Resources (NYSE:TRGP) has outperformed the market over the past 5 years, delivering an average annual return of 24.98%. A $100 investment in TRGP 5 years ago would now be worth $305.02. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 4:30 pm

THO

Thor Industries (NYSE:THO) has cut its FY24 sales and EPS guidance amid industry challenges, despite beating Q3 earnings and sales estimates. The stock dipped 0.80% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 4:26 pm

EQNR

ICOW

PWER

Equinor ASA (NYSE:EQNR) has finalized a Purchase and Sale Agreement with NYSERDA for renewable power from the Empire Wind 1 offshore wind project. Construction is underway, with power delivery expected by late 2026. Equinor is also divesting stakes in the Eirin and Gina Krog fields and investing in Troll West gas infrastructure. Investors can gain exposure via Macquarie Energy Transition ETF (NYSE:PWER) and Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW).

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 4:10 pm

SPY

New York Governor has indefinitely delayed the start of congestion pricing in Manhattan, which was expected to reduce traffic and generate revenue for public transportation.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:02 pm