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Stock Prices

ABL

Abacus Life's stock price is on the rise following the announcement of a $15 million stock repurchase program. The buyback plan signals the company's confidence in its financial health and future prospects, which could be a positive indicator for investors and may lead to an increase in shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:47 pm

ISRG

Intuitive Surgical Inc. (NASDAQ:ISRG) stock rose by 0.14% in the current session, with an 8.81% increase over the past month and a 13.06% rise over the past year. The company's P/E ratio of 74.22 is higher than the Health Care Equipment & Supplies industry average of 56.13, suggesting that investors may expect better future performance but also raising concerns about potential overvaluation.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:46 pm

QQQ

SPY

UUP

The November CPI report showed a slight easing in headline inflation to 3.1% and a steady core inflation rate at 4%. Economists believe the Federal Reserve will maintain its current stance against inflation, with no immediate dovish shift expected. The report indicated high inflation in specific categories like car insurance and transportation. Market analysts expect the Fed to avoid discussing rate cuts until possibly the second half of 2024. Treasury yields remained stable, and markets are pricing in rate cuts starting May 2024. The U.S. dollar index fell slightly, while the SPY ETF was flat and the QQQ ETF was slightly higher post-report.

Portfolio Pulse from Piero Cingari

December 12, 2023 | 4:46 pm

BA

Boeing Co (NYSE:BA) is reportedly reducing its strategic planning team by half in key divisions to focus on industrial challenges. The company, which faces supply chain disruptions and a $40 billion debt, is realigning its strategy towards operational efficiency. Stephanie Pope was named COO, indicating a potential succession plan for CEO Dave Calhoun. Concerns remain about Boeing's long-term innovation focus. The extent of job cuts is not disclosed, but redundancy notices are expected soon. BA shares are up 0.77% at $250.

Portfolio Pulse from Akanksha Bakshi

December 12, 2023 | 4:43 pm

STLD

JP Morgan analyst Bill Peterson has maintained an Underweight rating on Steel Dynamics (NASDAQ:STLD) but increased the price target from $95 to $98.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:39 pm

AAPL

AMZN

GOOGL

HAS

MSFT

QQQ

SPY

The Consumer Price Index (CPI) data released showed a slight increase over consensus, disappointing stock market bulls who anticipated lower inflation numbers. The market's expectation of the Federal Reserve cutting interest rates five times in 2024 is viewed with skepticism by The Arora Report. Epic Games won a lawsuit against Google, putting Google's app store revenues at risk and implying a negative readthrough for Apple. Hasbro announced layoffs due to falling sales, contradicting expectations of strong consumer spending. Early trade money flows were positive for Amazon, neutral for Microsoft, and negative for Apple, Alphabet, Meta, NVIDIA, and Tesla, with mixed flows for SPDR S&P 500 ETF Trust and Invesco QQQ Trust. The Arora Report advises investors to maintain a protection band strategy to balance risks and opportunities.

Portfolio Pulse from The Arora Report

December 12, 2023 | 4:33 pm

CNC

Centene Corporation's stock is trading higher following the announcement of its FY24 revenue guidance, which surpassed analyst estimates. Additionally, the company has authorized a $4 billion increase to its stock repurchase program.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:32 pm

NIO

NIO Inc (NYSE:NIO) shares are trading lower due to selling pressure following China's retail sales data, which showed Nio ranking outside the top 10 in China EV sales for November. Despite a 12.6% year-over-year increase in deliveries, Nio's market share in China is around 2%, significantly trailing leaders like BYD, Tesla, and Geely Auto. Nio's year-to-date deliveries place it ninth with a 2.1% market share. The company's Q3 financial results included a Q4 delivery forecast representing a 17.3% to 22.3% year-over-year increase.

Portfolio Pulse from Adam Eckert

December 12, 2023 | 4:31 pm

META

Meta Platforms (NASDAQ:META) has delivered an average annual return of 19.64% over the past 10 years, outperforming the market by 9.66% on an annualized basis. A $100 investment in META a decade ago would now be worth $612.66. The company currently holds a market capitalization of $834.23 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:31 pm

FCX

Over the past 5 years, Freeport-McMoRan (NYSE:FCX) has produced an average annual return of 28.81%, outperforming the market. A $100 investment in FCX five years ago would be worth $355.30 today. The company's market capitalization stands at $53.85 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:31 pm