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Stock Prices

BNO

USO

Oil prices have declined in response to the release of US inflation data, which came in higher than anticipated.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:34 pm

STLA

Stellantis N.V. and Leapmotor have completed their joint venture, Leapmotor International B.V., to introduce the T03 and C10 electric vehicles in Europe, with plans for global expansion. Stellantis invested €1.5 billion for a 21% stake in Leapmotor. The venture aims to leverage Stellantis' commercial presence outside Greater China and address climate issues with competitive EV models. Operations in nine European countries are expected to start by September 2024, with expansion to other regions following.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 3:31 pm

GBTC

IBIT

The Wisconsin Investment Commission has invested nearly $100M in BlackRock's iShares Bitcoin Trust (IBIT) and $64M in Grayscale’s Bitcoin Trust (GBTC), marking a significant move into cryptocurrency for a state-managed fund. This investment positions Wisconsin as the first U.S. state to make such a substantial investment in Bitcoin through a state-managed fund, potentially signaling broader institutional acceptance of digital assets.

Portfolio Pulse from Murtuza Merchant

May 14, 2024 | 3:31 pm

MEDP

Medpace Holdings (NASDAQ:MEDP) has significantly outperformed the market, with an annualized return of 48.03% over the past 5 years, growing a $100 investment to $720.49. The company's market capitalization stands at $12.06 billion.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 3:30 pm

ACGL

Arch Capital Group (NASDAQ:ACGL) has delivered an average annual return of 17.87% over the past 10 years, outperforming the market by 7.1% on an annualized basis. With a current market capitalization of $36.70 billion, an initial investment of $1000 in ACGL stock 10 years ago would be worth $5,184.08 today.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 3:30 pm

AMC

Citigroup analyst Jason Bazinet has maintained a Sell rating on AMC Entertainment Holdings (NYSE:AMC) while raising the price target from $3.1 to $3.2.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:30 pm

SAVE

Citigroup analyst Stephen Trent has maintained a Sell rating on Spirit Airlines (NYSE:SAVE) and reduced the price target from $3.85 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:28 pm

DBC

XLRE

The latest Global Fund Manager Survey by Bank of America reveals a bullish outlook on stocks, with most investors not expecting a recession in the next 12 months. Optimism is fueled by anticipated rate cuts and a decrease in inflation. Cash levels have dropped to their lowest since June 2021, indicating increased confidence in equities. The survey also notes a significant shift towards commodities, with the Invesco DB Commodity Index Tracking Fund (DBC) seeing a 5% rise in the last two months. Conversely, the Real Estate Select Sector SPDR Fund (XLRE) has declined 4% year to date, reflecting underweight positions in real estate investment trusts.

Portfolio Pulse from Piero Cingari

May 14, 2024 | 3:22 pm

OII

Oceaneering International's stock trades lower following a downgrade to Underweight by Barclays.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:18 pm

DE

Recent options trading trends for Deere & Company (NYSE:DE) show a bullish stance by large investors, with a focus on trades predicting a price range of $390.0 to $420.0. Analysis of volume and open interest in Deere's options indicates significant activity, with a mix of bullish, neutral, and bearish sentiments among the trades. Deere, a leading agricultural equipment manufacturer, has seen its stock price slightly increase by 0.5% to $410.05, with an upcoming earnings announcement in 2 days.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 3:15 pm