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FIVN

Shares of Five9 (FIVN) have risen after a Bloomberg report indicated that the company is considering a sale.

Portfolio Pulse from Bill Haddad

December 04, 2023 | 8:33 pm

GOOG

GOOGL

TSLA

Elon Musk, CEO of Tesla Inc (TSLA), regained his title as the world's richest person with a current valuation of $223 billion, gaining $85.8 billion in 2023. Tesla shares are up over 120% year-to-date. A theoretical scenario suggests that earning a nickel for every Google search, owned by Alphabet Inc (GOOG, GOOGL), could amass Musk's wealth in 1.44 years, based on 8.5 billion daily searches.

Portfolio Pulse from Chris Katje

December 04, 2023 | 8:32 pm

THO

Citigroup analyst James Hardiman has maintained a Neutral rating on Thor Industries (NYSE:THO) and increased the price target from $94 to $108.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:30 pm

IT

Over the past 15 years, Gartner (NYSE:IT) has produced an average annual return of 24.61%, outperforming the market by 13.15% on an annualized basis. A $1000 investment in Gartner 15 years ago would be worth $25,871.67 today. Gartner's market capitalization currently stands at $34.76 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:30 pm

TJX

Over the past 10 years, TJX Companies (NYSE:TJX) has delivered an average annual return of 11.03%, outperforming the market. A $1000 investment in TJX stock a decade ago would be worth $2,851.76 today. TJX currently has a market cap of $100.83 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:30 pm

FIVN

Five9, a cloud contact center software provider, is reportedly considering a sale two years after a previous acquisition attempt by Zoom Video Communications failed. The news comes from Bloomberg TV, suggesting that Five9 is exploring strategic options, including a potential sale.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:26 pm

FBGRX

TSLA

Fidelity Investments, which holds a stake in Twitter through its Fidelity Blue Chip Growth Fund (FBGRX), has marked down the valuation of its Twitter investment to $6,267,608, a 68.1% discount from Elon Musk's purchase price. This valuation represents about 0.01% of the fund's assets. The markdown reflects challenges Twitter faces, including advertising issues after Musk's controversial interaction with an antisemitic post. Musk's comments to advertisers could exacerbate the situation, potentially impacting Twitter's cash flow and profitability. Tesla (TSLA), another Musk-related asset, is the thirteenth largest position in the fund.

Portfolio Pulse from Chris Katje

December 04, 2023 | 8:13 pm

SMFL

Smart for Life, Inc. (NASDAQ:SMFL) shares rose after announcing a Letter of Intent to acquire a vitamins and supplements manufacturer, expected to add $20 million in revenue. The acquisition aligns with their goal of reaching $100 million in revenue. Additionally, the company disclosed an agreement for the exercise of warrants to purchase 877,001 shares, generating $1.5 million in gross proceeds. SMFL's stock was up 7.36% at $1.46.

Portfolio Pulse from Ryan Gustafson

December 04, 2023 | 8:08 pm

NUE

Over the past 20 years, Nucor (NYSE:NUE) has produced an average annual return of 13.54%, outperforming the market by 6.07% annually. A $100 investment in NUE 20 years ago would be worth $1,274.51 today. Nucor's market capitalization currently stands at $41.36 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:00 pm

SHW

Over the past 20 years, Sherwin-Williams (NYSE:SHW) has produced an average annual return of 17.45%, outperforming the market by 9.98% on an annualized basis. A $1000 investment in SHW 20 years ago would be worth $25,042.05 today. Sherwin-Williams currently has a market capitalization of $72.15 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:00 pm