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MPWR

Over the past 10 years, Monolithic Power Systems (NASDAQ:MPWR) has delivered an average annual return of 33.21%, outperforming the market by 23.34% on an annualized basis. A $1000 investment in MPWR a decade ago would be worth $17,215.82 today. Monolithic Power Systems currently has a market cap of $26.55 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 7:30 pm

BNED

CIEN

CYN

PHIO

SVFD

TRKA

ZVSA

U.S. stocks saw gains with the Dow Jones rising by 100 points. Ciena Corp (CIEN) reported Q4 earnings that exceeded expectations with a 16% revenue increase to $1.129 billion and an adjusted EPS of $0.75. Save Foods (SVFD) shares surged 93% targeting the US carbon credit market. Cyngn (CYN) rose 88% on a new patent announcement. Barnes & Noble Education (BNED) gained 26% after positive earnings. Conversely, Troika Media Group (TRKA) plummeted 64% due to a Chapter 11 filing, ZyVersa Therapeutics (ZVSA) fell 35% after pricing a public offering, and Phio Pharmaceuticals (PHIO) dropped 41% following a warrant exercise.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 7:26 pm

PHIO

Phio Pharmaceuticals Corp's stock plummeted by 40% after the company announced the exercise of warrants for $2.8 million in gross proceeds at a reduced price of $1.33 per share. The warrants were originally issued at higher prices between 2018 and 2023. The funds raised are before fees and expenses, and the shares are from previously registered offerings under Form S-1 and Form S-3. PHIO's 52-week trading range is between $0.88 and $12.27.

Portfolio Pulse from Henry Khederian

December 07, 2023 | 7:25 pm

AAPL

TSLA

Ganesh Venkataramanan, the lead of Tesla, Inc.'s (NASDAQ:TSLA) Dojo supercomputer project, has reportedly left the company. Peter Bannon, a former Apple Inc. (NASDAQ:AAPL) executive, has taken over the project's leadership. The Dojo supercomputer is being developed to process large amounts of data and train autonomous-driving software. Tesla has recently set up hardware for Dojo in Palo Alto, California. TSLA shares were up by 0.92% to $241.56.

Portfolio Pulse from Nabaparna Bhattacharya

December 07, 2023 | 7:24 pm

DISH

SATS

DISH Network Corp (NASDAQ:DISH) shares rose 8.6% after the FCC approved the transfer of control to EchoStar Corp (NASDAQ:SATS). The approval allows the recombination of DISH and EchoStar, which were once part of the same entity. The merger received support from independent directors and majority shareholders, with Charles W. Ergen retaining significant control. The FCC deemed the transfer to be in the public interest, effective immediately. DISH's 52-week trading range is $3.21 to $16.45.

Portfolio Pulse from Henry Khederian

December 07, 2023 | 7:23 pm

ARKF

ARKK

ARKW

PLTR

Stephen Cohen, co-founder and president of Palantir Technologies Inc (NYSE:PLTR), sold a significant amount of his shares, causing a 3% drop in pre-market trading. He sold 500,000 shares on 12/01/23 and 156,100 shares on 12/04/23 for around $19-$20 each, totaling nearly $13 million. In contrast, Cathie Wood's Ark Investment Management purchased 1,578,738 Palantir shares for $27.04 million across three of its ETFs: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Despite a recent decline in Palantir's stock value, Ark's investment aligns with its focus on disruptive technologies. Palantir stock closed 6.4% lower at $17.13 on Wednesday and was up 0.05% by noon on Thursday.

Portfolio Pulse from Surbhi Jain

December 07, 2023 | 7:20 pm

BASFY

BASF SE (OTC:BASFY) is transforming into a customer-focused organization by adjusting business models to meet specific customer industry needs while maintaining integrated company benefits. The strategy will be applied to Battery Materials, Coatings, and Agricultural Solutions. New KPIs will emphasize EBITDA before special items and cash flows, with targeted margins for various divisions. BASF aims to reduce specific Scope 3.1 emissions by 15% by 2030 and achieve net-zero by 2050. BASFY shares rose 2.01% to $12.16.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 7:05 pm

ENVA

Over the past 3 months, 4 Wall Street analysts have published their opinions on Enova International (NYSE:ENVA), with 3 somewhat bullish and 1 indifferent. The average 12-month price target for ENVA is $57.75, with a high of $66.00 and a low of $45.00, representing a 10.7% decrease from the previous target of $64.67. Analysts rate stocks to predict their performance and provide guidance to investors.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 7:00 pm

KLAC

Over the past 20 years, KLA (NASDAQ:KLAC) has produced an average annual return of 12.07%, outperforming the market. A $1000 investment in KLAC 20 years ago would be worth $9,639.61 today. KLA's market capitalization currently stands at $73.12 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 7:00 pm

ROP

Roper Technologies, Inc. (NYSE:ROP) has experienced a 15.97% increase in short interest since its last report, with 1.46 million shares sold short, representing 1.38% of its float. It would take about 2.87 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Roper Techs has less short interest compared to its peers' average of 3.08%. The rise in short interest does not necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 7:00 pm