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JPM

Over the past 15 years, JPMorgan Chase (NYSE:JPM) has produced an average annual return of 13.68%, outperforming the market. A $1000 investment in JPM 15 years ago would be worth $6,902.39 today. The company's current market capitalization is $482.21 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:00 pm

AKAM

Analysts have provided mixed ratings for Akamai Technologies (NASDAQ:AKAM) with 4 somewhat bullish, 2 indifferent, and 1 somewhat bearish ratings. The average 12-month price target for AKAM has been raised to $121.29, up from $107.00. Key analysts from firms like Keybanc, Susquehanna, and Morgan Stanley have adjusted their price targets and ratings, reflecting a response to market conditions and company performance. Akamai operates a significant CDN and security business, showing strong financial health with a market cap above industry average, a net margin of 16.63%, and an ROE of 3.73%. However, its revenue growth rate of 9.48% is below the IT sector average.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:00 pm

TEF

Telefonica Inc. (NYSE:TEF) stock is currently trading at $4.11, reflecting a 0.74% increase. Over the past month, TEF's stock has risen by 4.05%, and over the past year by 4.85%. The company's P/E ratio of 13.88 is significantly lower than the industry average of 53.5, suggesting it may be undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:00 pm

BTCUSD

Bitcoin (BTC) has seen a 4.15% decrease in price over the last 24 hours, continuing a negative trend with a 9% loss over the past week. The trading volume has decreased by 22%, and the circulating supply has slightly decreased. Bitcoin's market cap remains at $799.79 billion, maintaining its #1 ranking.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:00 pm

SPY

December's Existing Home Sales fell by 1%, contrary to expectations of a 0.3% increase. This decline could signal a cooling housing market, potentially impacting related sectors and investments.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:00 pm

GLOB

Keybanc analyst Thomas Blakey has maintained an Overweight rating on Globant (NYSE:GLOB) and increased the price target from $218 to $266.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:59 pm

DBX

Keybanc analyst Thomas Blakey has maintained an Overweight rating on Dropbox (NASDAQ:DBX) and increased the price target from $32 to $37, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:57 pm

BAND

Keybanc analyst Thomas Blakey has maintained an Overweight rating on Bandwidth Inc. (NASDAQ:BAND) and increased the price target from $14 to $16.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:54 pm

AXDX

CISS

IRBT

KAMN

SLB

TCN

U.S. stocks opened higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Schlumberger Limited (NYSE:SLB) reported Q4 earnings that surpassed estimates, with adjusted earnings of 86 cents per share and sales of $8.99 billion. Kaman Corporation (NASDAQ:KAMN) surged 101% after an acquisition announcement by Arcline. Tricon Residential Inc. (NYSE:TCN) also rose 28% due to an acquisition agreement with Blackstone. Conversely, C3is Inc. (NASDAQ:CISS), Accelerate Diagnostics, Inc. (NASDAQ:AXDX), and iRobot Corporation (NASDAQ:IRBT) saw significant share price drops due to various negative announcements.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 2:53 pm

RY

Royal Bank of Canada (NYSE:RY) announced a quarterly dividend of $1.38 per share, with the ex-dividend date set for Wednesday. Shareholders owning RY stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on February 23, 2024. The stock is expected to open $1.38 lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 2:45 pm