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IPSC

Century Therapeutics' stock is up following the FDA's clearance of their IND application for CNTY-101, aimed at treating Systemic Lupus Erythematosus.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:03 pm

AZO

Stephens & Co. analyst Daniel Imbro has maintained an Overweight rating on AutoZone (NYSE:AZO) and increased the price target from $3000 to $3070.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:03 pm

VTI

At Benzinga's Fintech Deal Day event in New York, experts discussed market volatility and risk management. Michael Green of Simplify Asset Management noted the trend towards fixed allocation frameworks and the sell-off in bonds, mentioning the Vanguard Total Stock Market Index Fund ETF (VTI). Kaitlin Meyer of MIAX discussed increased market accessibility and demand for new products, citing Robinhood's 23 million clients. Kris Sidial of The Ambrus Group warned of the risks associated with volatility selling and the use of 0DTE options.

Portfolio Pulse from Tanzeel Akhtar

December 06, 2023 | 5:01 pm

VMC

Vulcan Materials (NYSE:VMC) has seen a 16.98% increase in short interest since its last report, with 2.19 million shares sold short, representing 1.86% of available shares. The short interest is higher than the peer group average of 1.58%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

WDC

Mizuho has reaffirmed its Buy rating on Western Digital (NASDAQ:WDC) and increased its price target from $52.00 to $55.00. Western Digital's shares have risen 1.69% in the last 24 hours to $47.56. The new price target suggests a potential upside of 15.64% from the current price. Western Digital is a major player in data storage solutions and forms a duopoly with Seagate in the HDD market, and is a leading producer of NAND flash chips for SSDs through a joint venture with Kioxia.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

MA

Over the past 5 years, Mastercard (NYSE:MA) has produced an average annual return of 15.65%, outperforming the market by 4.1% on an annualized basis. A $100 investment in Mastercard stock 5 years ago would be worth $206.54 today. Mastercard's market capitalization currently stands at $383.76 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

PYPL

B of A Securities has downgraded PayPal Holdings (NASDAQ:PYPL) from its previous rating to Neutral, with a new price target of $66.00, down from $77.00. Despite the downgrade, PayPal's shares have risen 3.33% in the last 24 hours to $59.85. The new price target suggests a potential upside of 10.28%. PayPal, known for its online payment solutions, had 435 million active accounts by the end of 2022 and owns the Venmo platform.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

HMC

Honda Motor Co (NYSE:HMC) has seen an 18.18% increase in short interest since its last report, with 2.07 million shares sold short, representing 0.13% of available shares. The short interest ratio is 1.5 days. While higher short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Honda's short interest is below its peer group average of 11.69%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

LRCX

Over the past 15 years, Lam Research (NASDAQ:LRCX) has produced an average annual return of 26.36%, outperforming the market by 14.76% on an annualized basis. A $100 investment in LRCX 15 years ago would be worth $3,201.17 today. The company currently has a market capitalization of $91.97 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

TEAM

Atlassian (NYSE:TEAM) has seen a 3.94% increase in short interest since its last report, with 3.26 million shares sold short, representing 2.11% of its float. The short interest is below the peer group average of 3.32%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm