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IBM

MU

Micron Technology, Inc. (MU) shares are experiencing an uptick due to a broader rally in semiconductor stocks. Furthermore, UBS has increased its price target for Micron from $76 to $90. The stock's rise is also attributed to the announcement of a new chip research facility at the University of Albany, a collaboration between New York State, Micron, and IBM.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:34 pm

PCAR

Over the past 5 years, PACCAR (NASDAQ:PCAR) has produced an average annual return of 20.97%, outperforming the market by 8.87% on an annualized basis. A $100 investment in PCAR 5 years ago would now be worth $255.74. PACCAR's market capitalization currently stands at $50.69 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 6:31 pm

ITW

Over the past 20 years, Illinois Tool Works (NYSE:ITW) has produced an average annual return of 9.36%, outperforming the market by 1.91% annually. A $100 investment in ITW 20 years ago would be worth $611.03 today. The company currently has a market cap of $75.21 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 6:31 pm

CDNS

Cadence Design Sys Inc. (NASDAQ:CDNS) saw a slight increase of 0.48% in its share price to $261.19 in the current market session. Despite a 1.30% decrease over the past month, the stock has risen by 59.95% over the past year. The P/E ratio analysis suggests that CDNS, with a lower P/E than the Software industry average, may be undervalued or may not be expected to grow as much as its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative factors.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 6:30 pm

BLUE

CI

KTTA

M

MARA

NIR

bluebird bio, Inc. (NASDAQ:BLUE) shares increased by 6.6% after presenting positive gene therapy data at the ASH Annual Meeting. Other stocks experienced significant movement in Monday's mid-day session, with notable gainers including Pasithea Therapeutics Corp. (NASDAQ:KTTA), NextPlay Technologies, Inc. (NASDAQ:NXTP), and MorphoSys AG (NASDAQ:MOR). The Cigna Group (NYSE:CI) shares rose after withdrawing from a merger with Humana Inc. (NYSE:HUM), and Macy's, Inc. (NYSE:M) increased on news of a buyout bid. Conversely, Near Intelligence, Inc. (NASDAQ:NIR) and Troika Media Group, Inc. (NASDAQ:TRKA) fell sharply due to bankruptcy filings, while Altamira Therapeutics Ltd. (NASDAQ:CYTO) dropped after announcing a reverse stock split. Cryptocurrency-related stocks like Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT) declined alongside a drop in Bitcoin's price.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 6:13 pm

AMD

AMD shares are experiencing an uptick due to overall strength in the semiconductor sector. The positive momentum is likely a continuation from last week's announcement of the new MI300X chip.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:07 pm

JBHT

BMO Capital Markets analyst Fadi Chamoun upgraded J.B. Hunt Transport Services Inc (NASDAQ:JBHT) from Market Perform to Outperform and increased the price target from $200 to $220. The upgrade is based on the revival of rail service, which is expected to support volume growth in 2024. The analyst notes that rail industry volumes have lagged behind industrial production, and with improvements in rail service, JBHT is well-positioned to capture growth, especially in intermodal volumes. JBHT's partnership with BNSF is highlighted as a key factor for potential growth. JBHT's stock rose 2.24% to $190.79 following the upgrade.

Portfolio Pulse from Shivani Kumaresan

December 11, 2023 | 6:07 pm

AAP

Activist investors are pressuring Advance Auto Parts to proceed with the sale of its Worldpac unit. The move is aimed at unlocking value and improving the company's financial performance. The article suggests that the sale could attract significant interest from potential buyers.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:05 pm

NYXH

Over the past 3 months, 4 Wall Street analysts have provided ratings for Nyxoah (NASDAQ:NYXH), with 2 giving a bullish and 2 somewhat bullish outlook. The average price target is $11.5, representing significant upside from the current price of $4.75. This target is an 8.0% decrease from the previous target of $12.50. Analyst ratings are based on company data, financial statements, and insider information, and are intended to predict stock performance.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 6:00 pm

DOV

Over the past 3 months, 5 Wall Street analysts have published their ratings on Dover (NYSE:DOV), with 2 bullish, 2 somewhat bullish, and 1 indifferent. The average price target is $163.4, representing an upside from the current price of $143.62. This target has decreased by 1.45% from the previous target of $165.80. Analysts' ratings can influence stock performance, though they are based on forecasts and can vary in accuracy.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 6:00 pm