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Stock Prices

NUE

Over the past 5 years, Nucor (NYSE:NUE) has produced an average annual return of 24.68%, outperforming the market by 11.68%. A $1000 investment in NUE 5 years ago would now be worth $2,995.41. Nucor's market capitalization stands at $42.47 billion.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 6:30 pm

BGNE

BeiGene's stock is trading higher following the announcement that the FDA has approved a label update for its cancer drug BRUKINSA. This regulatory milestone is likely to be viewed positively by investors as it may enhance the drug's marketability and potentially increase sales.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:23 pm

DASH

DoorDash shares have risen following an Outperform rating and $120 price target initiation by BMO Capital.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:21 pm

ADA-USD

AVAX-USD

SHIB-USD

SOL-USD

XRP-USD

The cryptocurrency market is experiencing notable activity with a 588% surge in Shiba Inu's burn rate and a 1,300% increase in whale transactions. Solana's ecosystem boasts over 2,500 monthly active developers. Solana (SOL) and Avalanche (AVAX) are up in trading, while memecoins Bonk (BONK) and Celestia (TIA) have seen significant increases. XRP saw a large transfer of 100 million coins. Crypto analyst Ali Martinez predicts a potential bull run for Solana and a consolidation period for Cardano (ADA) until April 2024, with a possible resumption of a bull run thereafter. He also notes that the negative market sentiment for XRP could offer unique opportunities.

Portfolio Pulse from Khyathi Dalal

January 09, 2024 | 6:20 pm

UBER

Uber's stock is experiencing an uptick following BMO Capital's initiation of coverage with an Outperform rating and a price target of $69.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:19 pm

MPWR

Monolithic Power Systems Inc. (NASDAQ:MPWR) stock dropped 1.31% to $583.00 in the current session, but increased by 0.52% over the past month and 50.72% over the past year. The company's P/E ratio is lower than the industry average, which could indicate it is undervalued or expected to underperform. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 6:15 pm

Eversource Energy's stock price has declined following the announcement of an impairment in Q4 2023, which may negatively affect the company's financial results.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:10 pm

EWP

GRFS

Grifols S.A. (NASDAQ:GRFS) experienced a 24% stock price drop after Gotham City Research released a report alleging serious accounting irregularities, including inflated EBITDA, manipulated debt levels, and tunneling transactions. The report suggests Grifols' actual debt may be significantly higher than reported, potentially leading to unsustainable financing costs and insolvency. The iShares MSCI Spain ETF (NYSE:EWP) also declined by 1.9% amid the fallout.

Portfolio Pulse from Piero Cingari

January 09, 2024 | 6:09 pm

RENT

Rent the Runway (RENT) shares are trading higher following the announcement of a workforce reduction and restructuring plan aimed at reducing costs and improving operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:09 pm

ACCD

CUTR

GRFS

HPE

JNPR

NEOG

SNX

TCS

U.S. stocks were mostly lower, with the Dow Jones down 0.49%. TD SYNNEX Corporation (NYSE:SNX) reported lower Q4 sales but beat EPS estimates and provided Q1 2024 guidance below expectations. Crude oil prices rose by 2.4%. Cutera, Inc. (NASDAQ:CUTR) and Accolade, Inc. (NASDAQ:ACCD) saw stock prices surge after positive financial updates, while Grifols, S.A. (NASDAQ:GRFS) and Neogen Corporation (NASDAQ:NEOG) fell sharply due to negative reports. Juniper Networks, Inc. (NYSE:JNPR) spiked on acquisition talks with Hewlett Packard Enterprise Co (NYSE:HPE). The Container Store Group, Inc. (NYSE:TCS) dropped after projecting lower-than-expected sales.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 6:08 pm