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NEE

NextEra Energy (NYSE:NEE) has delivered an average annual return of 10.91% over the past decade, outperforming the market. A $1000 investment in NEE 10 years ago would now be worth $2,774.94. The company's current market capitalization stands at $121.13 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 7:30 pm

UBS

UBS shares have declined following a downgrade from Buy to Neutral by B of A Securities.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:28 pm

AZO

CMND

DBI

IBIO

MFH

REPL

TVTX

U.S. stocks showed mixed performance with the Dow down 0.18%, NASDAQ up 0.19%, and S&P 500 down 0.07%. AutoZone Inc (NYSE:AZO) reported Q1 earnings that exceeded expectations with EPS of $32.55, beating the consensus of $31.57, but sales slightly missed estimates. Information technology shares rose by 0.4%, while materials shares dipped by 1.3%. Clearmind Medicine Inc. (NASDAQ:CMND), Travere Therapeutics, Inc. (NASDAQ:TVTX), and Mercurity Fintech Holding Inc. (NASDAQ:MFH) saw their shares rise significantly. Conversely, Replimune Group, Inc. (NASDAQ:REPL), iBio, Inc. (NYSE:IBIO), and Designer Brands Inc. (NYSE:DBI) experienced substantial share price declines. Oil and gold prices fell, and European shares closed mostly higher. Asian markets mostly closed lower, and economic data showed a decrease in job openings and a rise in the ISM Services PMI.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 7:27 pm

FCX

Freeport-McMoRan's stock (FCX) is trading lower due to a drop in copper futures, which may indicate a bearish outlook for copper prices and potentially impact the company's revenue, as it is a major copper producer.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:27 pm

SCCO

Southern Copper Corporation's stock (SCCO) is trading lower in correlation with a decrease in copper futures prices.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:27 pm

IVV

SPXL

SPY

UPRO

VOO

The U.S. stock market has experienced a surge in buying activity, with over 60% of S&P 500 stocks reaching their 20-day high. The SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV), and Vanguard 500 Index Fund ETF (VOO) have seen over 9% gains since October 31. Leveraged ETFs like Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProShares UltraPro S&P 500 (UPRO) have seen nearly 28% returns in the same period. Positive macroeconomic factors and solid earnings reports have contributed to this growth. Historical data suggests that 'extreme buying' events, where more than 60% of S&P 500 stocks hit a 20-day high, lead to an average 18% return over the following 12 months, indicating positive expectations for 2024.

Portfolio Pulse from Surbhi Jain

December 05, 2023 | 7:24 pm

JNJ

Johnson & Johnson (NYSE:JNJ) anticipates 5%-6% operational sales growth for FY24, with adjusted operational EPS growth of 7.3% at the midpoint ($10.55-$10.75). The guidance includes a $0.15 dilutive impact from the Laminar, Inc. acquisition. JNJ's Innovative Medicine business aims for over 20 novel therapies and 50 product expansions by 2030, forecasting 5%-7% sales growth from 2025-2030. The MedTech business expects one-third of sales from new products by 2027. Strong demand is expected for cancer treatments Darzalex and Carvykti, and psoriasis drug Stelara. JNJ's stock is down 0.25% to $158.49.

Portfolio Pulse from Nabaparna Bhattacharya

December 05, 2023 | 7:12 pm

ADAUSD

Cardano's (CRYPTO: ADA) price has increased by 4.59% in the last 24 hours, reaching $0.42, continuing a positive trend with a 7.0% gain over the past week. The trading volume has risen by 52.0%, while the circulating supply has decreased by 0.7%. Cardano's market cap is currently ranked #9 at $14.61 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 7:00 pm

CRSP

CRISPR Therapeutics (NASDAQ:CRSP) received 7 analyst ratings in the last quarter with an average price target of $72.71, representing an upside from the current price of $70.7. The average price target has increased by 17.27% from the previous target of $62.00. The ratings included 4 bullish, 1 somewhat bullish, 1 indifferent, and 1 somewhat bearish, with no bearish ratings.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 7:00 pm

AVAXUSD

Avalanche (AVAX) has seen a significant price increase of 9.27% in the last 24 hours, reaching $23.67. Over the past week, the price has risen by over 11%, from $20.65. The coin's all-time high is $144.96. Trading volume has increased by 24% over the past week, while the circulating supply has decreased by 1.71%, now at 365.22 million coins, approximately 50.73% of the max supply. AVAX's market cap is currently ranked #13 at $8.65 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 7:00 pm