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SPY

Federal Reserve Bank of Atlanta President Raphael Bostic finds the market's response to the Fed's actions 'interesting' and notes the importance of observing how the situation unfolds.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:13 pm

ATVI

DIS

MSFT

SONY

A data breach at Sony's Insomniac Games, orchestrated by the Rhysida ransomware group, leaked over 1TB of data including a deal with Marvel for exclusive X-Men game rights until 2035. The breach revealed Sony's concerns over Microsoft's acquisition of Activision Blizzard and its impact on the gaming industry, including the 'Call of Duty' franchise's future on PlayStation. Sony criticized the free game model as unsustainable and expressed the need to update its gaming strategy.

Portfolio Pulse from Franca Quarneti

December 19, 2023 | 6:08 pm

WVE

Wave Life Sciences' stock (WVE) is trading higher following an upgrade from Leerink Partners, changing its rating from Market Perform to Outperform with a new price target of $12.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:08 pm

AI

C3.ai, Inc. (NYSE:AI) stock is trading higher, up over 14% in the past five days. The company reported Q2 financial results with an adjusted loss of 13 cents per share, beating estimates, but missed revenue expectations. Analysts from Canaccord Genuity, Piper Sandler, and DA Davidson updated their coverage with mixed adjustments to price targets. The stock's recent movement may be due to a recovery from post-earnings losses, high trading volume, overall market strength, and interest in AI companies. C3.ai's 100-day average volume is 8.184 million shares with 38.21% sold short.

Portfolio Pulse from Erica Kollmann

December 19, 2023 | 6:05 pm

CRDT

EWU

IHY

PGHY

PICB

SPY

PIMCO CIO Daniel Ivascyn has expressed concerns about a potential 'hard landing' for the UK economy, predicting a significant downturn next year. He sees more risk in the UK and Europe compared to the resilient US economy. Ivascyn favors UK government bonds over US ones, anticipating economic hardship in the UK. The UK economy contracted in October, and bond yields have fallen, which is good for bondholders but negative for equities. Investors in the iShares MSCI United Kingdom ETF (EWU) should monitor these developments. Ivascyn also highlighted opportunities in global bond investing, mentioning ETFs that track international bonds, including PICB, PGHY, CRDT, and IHY. In contrast, the US economy's growth is reflected in the SPDR S&P 500 ETF (SPY), which has outperformed EWU over the past year.

Portfolio Pulse from Surbhi Jain

December 19, 2023 | 6:05 pm

GIS

General Mills, Inc. (NYSE:GIS) is expected to report Q2 fiscal 2024 earnings of $1.16 per share, up from $1.1 the previous year, with revenue estimates at $5.36 billion. The company has made leadership changes, appointing Jon Nudi as Group President, Pet and International. GIS shares rose 1.7% to $66.34 recently. Analysts have adjusted their price targets: Piper Sandler to $76, Evercore ISI Group to $72, Mizuho to $70, Morgan Stanley to $58, and TD Cowen initiated coverage with a target of $70.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 6:03 pm

CME

Over the past 20 years, CME Group (NASDAQ:CME) has delivered an average annual return of 14.44%, outperforming the market. A $100 investment in CME stock two decades ago would be worth $1,483.53 today. CME Group currently has a market cap of $76.38 billion.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 6:00 pm

INTU

Over the past 5 years, Intuit (NASDAQ:INTU) has produced an average annual return of 27.57%, outperforming the market by 12.44% on an annualized basis. A $100 investment in Intuit 5 years ago would be worth $332.27 today. Intuit's current market capitalization stands at $173.42 billion.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 6:00 pm

FIS

Fidelity National Information Services Inc. (FIS) stock opened at $57.86 and has dropped 16.43% year-to-date. FIS has a 52-week price range of $46.91 to $79.32 and offers a quarterly dividend of $0.52 per share, with a dividend yield of approximately 3.77%. To earn $1,000 per month from dividends, an investment of about $318,302 is required, equating to 5,502 shares at the current price. The article explains how dividend yield is calculated and its relation to stock price fluctuations.

Portfolio Pulse from Shankar Iyer

December 19, 2023 | 6:00 pm

FUSN

Fusion Pharmaceuticals (FUSN) shares moved higher following a pick by Zacks Under $10 Newsletter. The newsletter, which focuses on stocks priced under $10, has chosen FUSN as one of its selections, leading to increased investor interest and a rise in the stock's price.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:57 pm