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WBTCUSD

Wrapped Bitcoin (WBTC) has seen a price increase of 3.18% in the past 24 hours, continuing a positive trend with a 3.0% gain over the past week. Despite the price rise, trading volume has fallen by 34.0%, and the circulating supply has decreased by 0.44%. WBTC's current market cap is $10.79 billion, ranking it #14.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 7:00 pm

TCNNF

TDR Research has rated Trulieve Cannabis (OTC:TCNNF) a 'Buy', citing strong financial health and growth potential. The report projects a 46% upside in stock price, with 2024 revenue estimates of $1.20 billion and an EBITDA of $298.8 million. Despite some challenges, anticipated regulatory changes in the cannabis industry could further enhance Trulieve's prospects.

Portfolio Pulse from Nicolás Jose Rodriguez

May 30, 2024 | 6:30 pm

CAT

Caterpillar (NYSE:CAT) has outperformed the market over the past 10 years with an average annual return of 12.57%, surpassing the market by 2.07% annually. A $1000 investment in CAT 10 years ago would be worth $3,262.32 today.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 6:30 pm

ATI

ATI (NYSE:ATI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 20.82%. A $1000 investment in ATI 5 years ago would be worth $2,768.67 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 6:30 pm

QCOM

Qualcomm's CFO announced a new focus on on-device AI, marking a significant shift from their traditional wireless technology. The company introduced the Snapdragon X elite platform for PCs and highlighted the role of AI in the automotive industry.

Portfolio Pulse from Abbey Higginbotham

May 30, 2024 | 6:29 pm

CNPOF

CNTMF

SMG

Cansortium Inc. (OTC:CNTMF) and RIV Capital Inc. (OTC:CNPOF) announced a merger to operate in Florida, New York, Texas, and Pennsylvania, covering 25% of the U.S. population. Supported by ScottsMiracle-Gro (NYSE:SMG), the merger will eliminate $175 million in debt and is expected to generate $5-10 million in annual cost synergies. The combined company will have a pro forma cash balance of $74 million as of March 31, 2024, and will operate under the Cansortium name.

Portfolio Pulse from Nicolás Jose Rodriguez

May 30, 2024 | 6:21 pm

BOOT

Boot Barn Holdings (NYSE:BOOT) has significantly outperformed the market over the past 5 years, delivering an average annual return of 32.95%. A $1000 investment in BOOT 5 years ago would now be worth $4,257.27. The company's current market capitalization is $3.47 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 6:00 pm

Antero Resources (NYSE:AR) has significantly outperformed the market over the past 5 years, delivering an average annual return of 37.82%. A $1000 investment in AR stock 5 years ago would be worth $5,232.84 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 6:00 pm

DLR

Over the past three months, 9 analysts have evaluated Digital Realty Trust (NYSE:DLR), with opinions ranging from bullish to bearish. The average 12-month price target has increased by 8.21% to $136.22. Analysts have recently raised their price targets, reflecting a more positive outlook despite the company's challenges in revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 6:00 pm

BBY

BIRK

BURL

CRDO

CRM

DIA

GLD

HPQ

HRL

IWM

KSS

NTNX

OKTA

PATH

PSTG

QQQ

SPY

TAN

TLT

XLK

XLRE

Wall Street saw a decline in major large-cap indices due to downturns in tech and communication services sectors. Investors shifted focus to small caps, real estate, and solar stocks. The second estimate of Q1 GDP growth was revised down to 1.3%. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average fell, while the iShares Russell 2000 ETF and iShares 20+ Year Treasury Bond ETF rose. Salesforce plummeted 20% after missing revenue expectations, while HP Inc. rose 19% on strong results. Other notable movers included Kohl Corp., Dollar General, Best Buy, Hormel Foods, Burlington Stores, Birkenstock, Agilent Technologies, Pure Storage, Okta, Nutanix, Ui Path, and Credo Technology.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 5:57 pm