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FCX

SCCO

TGB

Shares of copper-related companies are trading higher as copper prices rise due to Chinese measures to support the property sector.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:48 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) reported better-than-expected fiscal second-quarter results, leading to a series of positive analyst reviews and increased price targets. The company saw strong sales in China and advanced technology driving growth. Analysts from Goldman Sachs, Mizuho Securities, JPMorgan, Stifel, Cantor Fitzgerald, Needham, and KeyBanc Capital Markets all maintained positive ratings, with price targets ranging from $240 to $260. Despite some concerns about a slowdown in China DRAM revenue, the overall outlook remains optimistic, with significant growth expected through 2025.

Portfolio Pulse from Priya Nigam

May 17, 2024 | 3:41 pm

AMZN

BLK

GOOGL

MSFT

NVDA

CoreWeave, an AI cloud-computing startup backed by Nvidia, has secured $7.5 billion in debt financing from major investors including Blackstone, Carlyle Group, and BlackRock. This financing will support CoreWeave's expansion plans, including doubling its data centers and purchasing AI chips and equipment. The funding highlights strong investor interest in AI-centric businesses.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 3:39 pm

TJX

TJX Companies (NYSE:TJX) has outperformed the market over the past 10 years with an average annual return of 13.58%, resulting in a $1000 investment growing to $3,502.92. The company currently has a market capitalization of $112.27 billion.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:30 pm

Goldman Sachs Group (NYSE:GS) has outperformed the market over the past 5 years, delivering an average annual return of 18.58%. A $1000 investment in GS 5 years ago would be worth $2,367.17 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:30 pm

EINC

PBA

Pembina Pipeline Corporation (NYSE:PBA) announced that its Cedar LNG project is on track for a final investment decision in June 2024. The project, a joint venture with Haisla First Nation, is expected to be completed in 2028 and produce 3.3 million tons of LNG annually. Pembina also expects significant growth from other projects and has approved a share buyback program. Investors can gain exposure to Pembina through the VanEck Energy Income ETF (NYSE:EINC).

Portfolio Pulse from Lekha Gupta

May 17, 2024 | 3:11 pm

LCID

NIO

RIVN

TSLA

VFS

XPEV

J.P. Morgan projects a 20%-23% YoY growth in global EV sales for 2024, led by China-based companies like Nio, XPeng, and Li Auto. The focus is on battery innovation, fast charging, and cost reductions. U.S. tariffs on Chinese exports will impact material costs for U.S. EV makers like Tesla and Rivian.

Portfolio Pulse from Surbhi Jain

May 17, 2024 | 3:05 pm

AVAXUSD

Avalanche (AVAX) has seen a significant price increase of 8.52% in the past 24 hours, continuing a positive trend with a 6.0% gain over the past week. The trading volume has increased by 16.0%, and the circulating supply has grown by 0.26%. AVAX's market cap is currently ranked #13 at $14.02 billion.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:02 pm

ARRY

Array Technologies (NASDAQ: ARRY) has received mixed analyst ratings over the past three months, with a recent trend towards more neutral and lower ratings. The average 12-month price target has decreased from $21.36 to $18.62. Analysts have adjusted their ratings and price targets in response to the company's financial performance, which includes a significant revenue decline and challenges in ROE and ROA.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:00 pm

REGN

The article provides an in-depth comparison of Regeneron Pharmaceuticals (NASDAQ:REGN) with its peers in the Biotechnology sector. Key financial metrics indicate that REGN is potentially undervalued with low PE, PB, and PS ratios. However, the company shows lower profitability and operational efficiency with a low ROE and EBITDA. Despite high gross profit margins, the slow revenue growth compared to peers is a concern.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:00 pm