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ALL

Over the past 15 years, Allstate (NYSE:ALL) has produced an average annual return of 14.81%, outperforming the market by 1.93% annually. With a current market capitalization of $44.43 billion, a $100 investment in Allstate 15 years ago would now be worth $719.21. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:00 pm

ELV

Elevance Health (NYSE:ELV) has delivered an average annual return of 12.93% over the past 20 years, turning a $1000 investment into $11,267.11 today. With a current market capitalization of $115.83 billion, ELV's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:00 pm

DECK

Truist Securities analyst Joseph Civello has maintained a Hold rating on Deckers Outdoor (NYSE:DECK) and kept the price target at $864.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:59 pm

DFS

NAVI

NNI

SLM

SOFI

President Joe Biden announced the cancellation of over $7.4 billion in student loan debt for 277,000 borrowers, primarily public sector workers, under the SAVE plan. This plan includes an income-driven repayment plan and measures to prevent balance growth from unpaid interest. The Biden administration has now forgiven $153 billion in student loan debt. The plan faces criticism from Republican officials, but the Education Department defends its authority. Student loan-related stocks like SoFi Technologies, SLM Corp., Discover Financial Services, Navient Corp., and Nelnet Inc. showed mixed reactions in the market.

Portfolio Pulse from Anthony Noto

April 12, 2024 | 3:58 pm

AAL

CCL

CUK

DAL

NCLH

RCL

UAL

Shares of travel sector companies are down due to market weakness, rate cut uncertainty, Middle East tensions, and rising oil prices, potentially increasing fuel costs.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:57 pm

PRTG

Portage Biotech announced it is expanding its evaluation of strategic alternatives and implementing measures to extend its cash runway, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:56 pm

BBY

LOW

TGT

WMT

At the JPMorgan Retail Round-Up Conference 2024, Christopher Horvers highlighted Wayfair, Lowe's, and Best Buy as top stock picks in the retail sector, citing trends like stable U.S. consumer behavior, a resurgence in denim and activewear, and a focus on consumer value. Wayfair is expected to see growth from sales and margins due to demand for home goods. Lowe's is anticipated to benefit from increased demand for outdoor patio products. Best Buy could see a turnaround from back-to-school sales, contrasting with headwinds faced by Walmart, Target, and Home Depot.

Portfolio Pulse from Surbhi Jain

April 12, 2024 | 3:55 pm

CPNG

Coupang, Inc. (NYSE:CPNG) shares rose after announcing a 58% increase in membership fees for new customers starting Saturday. The service, with 14 million subscribers, offers benefits like next-day shipping and video streaming. The stock's trading volume surged, with over 23 million shares traded, significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

April 12, 2024 | 3:55 pm

EIS

iShares MSCI Israel ETF (EIS) is experiencing a decline in its trading value due to rising concerns about a potential attack from Iran.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:47 pm

DOGEUSD

Ahead of DOGE Day on April 20, Dogecoin (CRYPTO: DOGE) exhibits bullish sentiment with a notable 11% price surge over the past week, nearing the $0.20 mark. The event celebrates the meme coin's culture and has sparked positive predictions from traders, expecting a significant price movement beyond $0.25. Dogeverse's successful $1.7 million presale and high trading volume also contribute to the optimistic outlook. High open interest and recent liquidation trends indicate bullish sentiment among traders.

Portfolio Pulse from Khyathi Dalal

April 12, 2024 | 3:46 pm