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Growth stocks, particularly from the Information Technology and Communication Services sectors, have outperformed value stocks in 2023. The iShares Core S&P U.S. Growth ETF (IUSG) has seen a return of 26.42% over the past year, while the iShares Core S&P U.S. Value ETF (IUSV) has returned 15.47%. IUSG is heavily weighted towards tech sectors with top holdings like AAPL, MSFT, NVDA, GOOG, and TSLA. IUSV is more diversified, with a significant weight in the Finance sector and top holdings including MSFT, META, and AMZN. Despite value stocks showing better performance in the past month, growth stocks are expected to continue their momentum, especially with the expansion of AI technology.

Portfolio Pulse from Surbhi Jain

December 13, 2023 | 2:03 pm

NVDA

Over the past 20 years, NVIDIA (NASDAQ:NVDA) has produced an average annual return of 32.31%, outperforming the market with an annualized basis of 24.81%. A $1000 investment in NVDA 20 years ago would be worth $270,526.83 today. NVIDIA's market capitalization currently stands at $1.17 trillion.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:02 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has significantly outperformed the market with an average annual return of 30.04% over the past 20 years. A $100 investment in BKNG 20 years ago would be worth $19,387.46 today. The company's current market capitalization stands at $118.71 billion.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:02 pm

AUVI

AYI

Applied UV, Inc. (AUVI) shares are rising after the company announced a partnership with Silver Cross Hospital to implement Far-UVC Puro Protect 222nm fixtures in the hospital's Sterile Processing Department. The technology, co-developed with Acuity Brands, Inc. (AYI), is designed to reduce microbial contamination and is safe for human exposure. Applied UV also conducted a 1-for-25 reverse stock split to comply with Nasdaq's minimum bid price requirement. AUVI shares are up 6.80% to $2.20 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 13, 2023 | 2:02 pm

Quanex Building Prods (NYSE:NX) is expected to release its quarterly earnings report on Thursday, 2023-12-14, with analysts estimating an EPS of $0.70. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted to past earnings performances and guidance. Last quarter, Quanex beat the EPS estimate by $0.32, resulting in a 9.27% stock price increase the following day. Over the last year, NX shares have risen by 36.59%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:00 pm

IPA

ImmunoPrecise Antibodies (NASDAQ:IPA) is scheduled to release its quarterly earnings report on Thursday, 2023-12-14, with analysts expecting an EPS of $-0.10. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, IPA's stock price has reacted negatively to past earnings reports, even with an EPS beat last quarter resulting in a 12.0% share price drop. Over the last year, IPA shares have declined by 74.49%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:00 pm

AMBA

Ambarella (NASDAQ:AMBA) has received 10 analyst ratings in the last quarter, with 5 bullish and 5 somewhat bullish, and none bearish. The average price target is $74.7, representing an upside from the current price of $60.865. This target has increased by 2.61% from the previous target of $72.80. Analyst ratings are updated quarterly and are based on financial statements, meetings, and insider information.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:00 pm

MESA

Mesa Air Group (NASDAQ:MESA) is expected to release its quarterly earnings report on Thursday, 2023-12-14, with analysts predicting an EPS of $-0.28. Investors are looking for an earnings beat and positive guidance for the next quarter. Mesa Air Group's stock performance has been negative over the last 52-week period, with shares down 3.28% and trading at $1.17 as of December 11. The company's past earnings have shown a mix of misses and beats, with significant stock price movements following the announcements.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:00 pm

KNOP

KNOT Offshore Partners (NYSE:KNOP) is expected to release its quarterly earnings report on Thursday, 2023-12-14, with analysts predicting an EPS of $-0.07. Investors are looking for an earnings beat and positive guidance for future growth. Historically, KNOT's stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate by $0.31, resulting in a 6.18% stock price increase the following day. Over the past year, KNOP shares have declined by 42.54%.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:00 pm

MODN

Over the past 3 months, 7 Wall Street analysts have provided ratings for Model N (NYSE:MODN), with 3 bullish, 2 somewhat bullish, and 2 indifferent. The average 12-month price target is $32.14, with a high of $37.00 and a low of $25.00. This target has decreased by 16.67% from the previous target of $38.57. Analyst ratings are based on company data, financial statements, and insider information, but are subject to human error.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:00 pm