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MPC

Marathon Petroleum (NYSE:MPC) has delivered an average annual return of 19.34% over the past 5 years, outperforming the market by 8.06% on an annualized basis. A $100 investment in MPC stock 5 years ago would be worth $237.98 today. The company's current market capitalization stands at $55.07 billion.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 5:30 pm

AAPL

GOOG

GOOGL

META

MSFT

Apple Inc has initiated legal action against the European Commission's decisions under the Digital Markets Act, which targets services from tech giants to enhance competition. The specifics of Apple's challenge are not disclosed but may involve the App Store. Meta Platforms Inc and TikTok have also filed appeals, while Microsoft Corp and Alphabet Inc's Google have not contested the regulation. Google, with multiple services under scrutiny, could face stricter rules. Apple's stock saw a slight decrease.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 5:30 pm

APD

Air Products & Chemicals (NYSE:APD) has seen a decrease in short interest, with the short percent of float dropping 5.33% since the last report. The company has 1.57 million shares sold short, representing 0.71% of available shares. The average time to cover these short positions is 2.35 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. APD has less short interest compared to its peer group average of 2.67%.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 5:30 pm

NGVC

Shares of Natural Grocers By Vitamin Cottage (NGVC) are trading higher following the release of their Q4 financial results, indicating a positive market reaction to the company's performance.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:28 pm

BBLG

Bone Biologics Corp. (BBLG) announced a registered direct offering of 1,139,063 shares at a price of $0.64 per share, causing its stock to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:25 pm

ROST

Ross Stores, Inc. (NASDAQ:ROST) reported Q3 earnings of $1.33 per share, beating estimates of $1.21 and up 33% from last year. Revenue was $4.92 billion, exceeding the $4.82 billion estimate. The company raised its FY23 EPS outlook from $5.15-$5.26 to $5.30-$5.36. Following the announcement, ROST shares rose 7.9% to $129.58. Analysts from Telsey Advisory Group, Morgan Stanley, Wells Fargo, and BMO Capital raised their price targets on ROST, maintaining positive ratings.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 5:25 pm

NVDA

Piper Sandler analyst Harsh Kumar has reiterated an Overweight rating on NVIDIA (NASDAQ:NVDA) and maintained a price target of $620 for the stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:24 pm

BABA

BIDU

NVDA

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) shares fell nearly 10% after announcing it will not spin off its cloud computing segment due to U.S. chip export restrictions. The restrictions have made it difficult for Chinese companies to obtain chips from U.S. firms, affecting Nvidia Corporation (NASDAQ:NVDA) and creating uncertainty for Alibaba's cloud prospects. Alibaba's quarterly report showed a 9% revenue increase, meeting expectations, but the bottom line fell short of estimates. Despite global uncertainty, Alibaba sees a more stable operating environment and plans a strategic review to focus on core businesses. Competition in AI, a key part of Alibaba's strategy, is intense with players like Tencent Holdings Limited (OTC:TCEHY) and Baidu Inc (NASDAQ:BIDU), as well as U.S. tech giants.

Portfolio Pulse from Upwallstreet

November 17, 2023 | 5:23 pm

USO

OPEC+ is reportedly considering deepening oil-output cuts at their next meeting on November 26, according to Reuters citing three OPEC+ sources. This potential decision could affect global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:20 pm

GPS

Gap Inc. (NYSE:GPS) reported Q3 earnings of $0.59 per share, surpassing the consensus estimate of $0.18. Sales were $3.767 billion, above expectations of $3.610 billion but down 7% from the previous year. Following the report, Gap's stock surged 30% to $17.76. Analysts from Telsey Advisory Group, Morgan Stanley, Wells Fargo, Goldman Sachs, and BMO Capital revised their price targets upwards while maintaining their respective ratings.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 5:19 pm