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January's jobs report showcased a robust addition of 353,000 non-farm payrolls, significantly surpassing expectations and indicating a strong U.S. labor market. Wage growth also exceeded forecasts, raising concerns over inflation and impacting Federal Reserve policy decisions. The report led to a decrease in the likelihood of near-term Fed rate cuts, affecting Treasury yields and stock market expectations. The iShares 20+ Year Treasury Bond ETF (TLT) saw a decline, while the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) experienced modest upticks.

Portfolio Pulse from Piero Cingari

February 02, 2024 | 4:40 pm

NYCB

New York Community Bancorp shares are trading higher as the stock rebounds from recent losses due to worse-than-expected Q4 financial results and multiple analyst downgrades.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:39 pm

SKYW

SkyWest's stock price increased following an upgrade by Raymond James, which raised its price target from $55 to $65.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:38 pm

LFST

LifeStance shares are trading higher, rebounding after a decline due to a short report from Hindenburg Research.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:36 pm

EXPO

Exponent shares are trading lower due to mixed Q4 financial results, indicating a negative short-term impact on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:35 pm

OTEX

Open Text shares are trading lower following the announcement of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:33 pm

TMUS

Deep-pocketed investors have shown a bullish sentiment towards T-Mobile US (NASDAQ:TMUS), with a notable increase in options activity. Benzinga's tracking revealed 12 extraordinary options activities, with a general mood of 58% bullish and 41% bearish. The options activity suggests a price target range of $140.0 to $200.0. T-Mobile US's current market position shows a slight increase in stock price to $162.65, with a neutral RSI. Analyst ratings in the last 30 days have set an average price target of $183.0, with varying recommendations from major firms.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 4:31 pm

CCJ

Cameco (NYSE:CCJ) has delivered an average annual return of 9.88% over the past 20 years, outperforming the market by 2.33% annually. With a current market capitalization of $21.85 billion, an initial investment of $100 in CCJ 20 years ago would be worth $657.46 today. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 4:30 pm

APH

Over the past decade, Amphenol (NYSE:APH) has exceeded market performance with an annualized return of 16.89%, turning a $100 investment into $483.96. With a current market cap of $61.31 billion, APH's growth highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 4:30 pm

HIG

Hartford Financial Services (HIG) shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:28 pm