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RMD

Over the past 20 years, ResMed (NYSE:RMD) has delivered an average annual return of 15.05%, outperforming the market. A $1000 investment in RMD 20 years ago would be worth $16,731.52 today. ResMed currently has a market cap of $25.31 billion.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 2:31 pm

BTCUSD

ETHUSD

FTTUSD

Bitcoin (BTC) and Ethereum (ETH) saw price increases, with BTC surpassing $43,000 and ETH above $2,300 following U.S. jobless claims data that came in lower than expected. The global crypto market cap rose by 4.9%. Bonk (BONK) emerged as the top gainer with a 50.3% increase, while FTX Token (FTT) was the biggest loser, dropping by 7.5%. Other notable gainers include WOO Network (WOO), Helium (HNT), ORDI, Injective (INJ), and Stacks (STX). Synthetix (SNX), UNUS SED LEO (LEO), and Monero (XMR) were among the losers.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 2:30 pm

AMZN

MSFT

SNOW

Snowflake Inc (NYSE:SNOW) is ramping up its R&D to develop generative AI tools for business applications. Despite a slowdown in revenue growth earlier this year, the company's financial performance has stabilized. Snowflake's R&D spending increased by 57% to $332.1 million in the quarter ending October 31, while revenue grew by 32% to $734.2 million. The company competes with Databricks and Amazon.com, and has launched Snowflake Cortex and Snowpark Container Services, as well as acquiring Neeva. Snowflake expects a 35% revenue increase next fiscal year, with 5-10% from AI tools, and its stock has risen over 45% year-to-date.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 2:30 pm

SKX

Stifel analyst Jim Duffy has maintained a Buy rating on Skechers USA (NYSE:SKX) and increased the price target from $62 to $72, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:29 pm

VGK

European Commission President Christine Lagarde stated on CNBC Europe that a recession in the Eurozone is not the baseline forecast, suggesting a more optimistic outlook for the region's economy.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:29 pm

CHK

EQT

EQT Corporation is reportedly planning to sell minority interests in wells within Pennsylvania's Marcellus shale region, with a potential value exceeding $3 billion. The company is working with an investment bank to auction these non-operating interests. EQT, which holds a 25% non-operating interest in assets operated by Chesapeake Energy Corporation, is looking to divest these stakes as part of its debt reduction strategy. As of September 30, 2023, EQT's total and net debt stood at $5.9 billion. EQT shares saw a premarket increase of 1.18% to $37.70.

Portfolio Pulse from Nabaparna Bhattacharya

December 14, 2023 | 2:25 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) stock is trading higher, continuing a recent uptrend with a 4% gain over the last week and a 178% increase year-to-date. The rise follows a dip in early December when investors took profits after the stock reached 52-week highs. The company has announced a strategic collaboration with PlasCred Circular Innovations to integrate AI into environmental efforts and a renewed partnership with UniCredit to deploy Palantir Foundry for digital transformation. The broader market's positive movement after the Federal Reserve's decision to keep rates unchanged may also be contributing to Palantir's stock performance.

Portfolio Pulse from Adam Eckert

December 14, 2023 | 2:23 pm

MRK

MRNA

Moderna Inc (MRNA) and Merck & Co Inc (MRK) announced positive follow-up data from a Phase 2b study of mRNA-4157 (V940) in combination with Keytruda for high-risk melanoma patients. The study showed a 49% reduction in the risk of recurrence or death and a 62% reduction in the risk of developing distant metastasis or death compared to Keytruda alone. Moderna's stock soared by 11.20%, while Merck's stock saw a slight decline of 0.32% in premarket trading.

Portfolio Pulse from Vandana Singh

December 14, 2023 | 2:22 pm

EAF

GrafTech International Ltd. (NYSE:EAF) announced that Brookfield Business Partners LP and its affiliates distributed all 63.8 million of their shares of GrafTech common stock to a consortium of investors. This distribution increased GrafTech's public float from approximately 75% to 88% and reduced Brookfield's ownership to about 12%. Consequently, Denis A. Turcotte, a Brookfield designated director, resigned from GrafTech's Board of Directors effective December 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:21 pm

FRGT

Freight Technologies, Inc. (FRGT) shares surged following the announcement that Amazon Mexico has renewed its contract with the company for the use of Fr8App for logistics solutions.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:20 pm