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PARA

Paramount shares are up after reports that David Ellison and RedBird Capital have approached National Amusements, which holds a 77% stake in Paramount, for a potential deal.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:34 pm

DPZ

TD Cowen analyst Andrew Charles has maintained an Outperform rating on Domino's Pizza (NYSE:DPZ) and increased the price target from $430 to $470.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:34 pm

DIA

IWM

QQQ

SPY

The University of Michigan's consumer sentiment survey for December 2023 showed a significant increase in consumer confidence and a decrease in inflation expectations. The consumer sentiment index rose to 69.4, a 13.2% increase from November and 16.1% year-over-year growth. Inflation expectations for the year ahead fell to 3.1%, the lowest since March 2021. U.S. stocks, including major ETFs, responded positively to the survey, with SPY, DIA, QQQ, and IWM all registering gains.

Portfolio Pulse from Piero Cingari

December 08, 2023 | 3:33 pm

LULU

TD Cowen analyst Dan Brennan has maintained an Outperform rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $545 to $546.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:31 pm

NVO

Over the past 10 years, Novo Nordisk (NYSE:NVO) has produced an average annual return of 18.6%, outperforming the market by 8.65% on an annualized basis. With a current market capitalization of $431.96 billion, a $100 investment in NVO stock a decade ago would be worth $546.12 today. The article highlights the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:31 pm

AZO

AutoZone (NYSE:AZO) has delivered an impressive average annual return of 24.55% over the past 5 years, outperforming the market by 12.82% on an annualized basis. A $100 investment in AZO 5 years ago would be worth $297.19 today. AutoZone's market cap stands at $45.61 billion, reflecting its strong performance and the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:31 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has applied to the SEC to launch a yield-bearing ETF called 'MSTY' using a 'synthetic covered call' strategy, set for release in 2024. The ETF will trade MSTR derivatives, allowing investors to earn yields without owning MSTR shares directly. YieldMax, the ETF firm, has similar products for other tech companies. Analyst Eric Balchunas predicts the ETF could set a record for highest yield. MSTR's stock has seen significant gains, with a 294% increase year-to-date, buoyed by its substantial Bitcoin holdings.

Portfolio Pulse from Khyathi Dalal

December 08, 2023 | 3:29 pm

HD

Truist Securities analyst Scot Ciccarelli has reaffirmed a Buy rating on Home Depot (NYSE:HD) and increased the price target from $340 to $356.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:25 pm

SPOT

Baird analyst Vikram Kesavabhotla has maintained an Outperform rating on Spotify Technology (NYSE:SPOT) and increased the price target from $185 to $225.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:23 pm

INTS

Intensity Therapeutics Inc (NASDAQ:INTS) reported positive Phase 2 trial results for INT230-6 in early-stage breast cancer patients, showing high tumor necrosis, immune activation, and a favorable safety profile. The data was presented at the 2023 San Antonio Breast Cancer Symposium, leading to a 150% surge in INTS stock price to $10.00.

Portfolio Pulse from Vandana Singh

December 08, 2023 | 3:22 pm