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MSFT

Microsoft (NASDAQ:MSFT) has outperformed the market over the past 15 years, producing an average annual return of 17.93%. If an investor had bought $1000 of MSFT stock 15 years ago, it would be worth $11,591.09 today. The company currently has a market capitalization of $2.41 trillion.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 3:30 pm

TSLA

Tesla (NASDAQ:TSLA) has outperformed the market over the past 5 years by 53.05% on an annualized basis, producing an average annual return of 61.78%. If an investor had bought $1000 of TSLA stock 5 years ago, it would be worth $10,823.75 today.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 3:30 pm

PTON

Peloton Interactive Inc (NASDAQ:PTON) shares are trading higher by 1.48% to $5.49, rebounding after a decline on Wednesday. The company reported mixed Q4 results, with a 5% YoY sales decline to $642.1 million, beating the consensus of $639.9 million. However, EPS loss was $(0.68), missing the consensus loss of $(0.38). The total number of members fell 5% YoY to 6.5 million. The company also issued soft Q1 revenue guidance.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 3:30 pm

NVDA

NVIDIA Corporation (NASDAQ:NVDA) reported Q2 financial results that beat analysts’ estimates. Analysts from Goldman Sachs, Wedbush, Susquehanna, Morgan Stanley, Bernstein, and KeyBanc reacted positively, raising their price targets. The company saw strong demand for its generative artificial intelligence and improving supply chain. Analysts predict sustained revenue growth through 2024 due to strong demand for its Data Center segment. However, competition from large cloud service providers and other semiconductor companies is expected.

Portfolio Pulse from Chris Katje

August 24, 2023 | 3:30 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) shares are trading lower by roughly 1.65% amid broader tech sector weakness. However, the company's stock may benefit from NVIDIA's strong performance in the AI sector, as Amazon Web Services (AWS) offers various AI services and Amazon utilizes AI for various purposes. NVIDIA's success could signify advancements and increased investments in AI technologies, boosting confidence in Amazon's AI integration.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 3:23 pm

AAOI

AMC

BITF

BURL

DLTR

FULC

GOEV

IONQ

LVRO

MRVL

NKLA

OPRA

ROKU

SNOW

SPR

TLRY

TSP

WOOF

ZUO

Several US stocks traded lower on Thursday, with AMC Entertainment Holdings, Petco Health and Wellness Company, Spirit AeroSystems Holdings, Opera Limited, C3.ai, IonQ, Fulcrum Therapeutics, Zuora, Dollar Tree, Bitfarms, TuSimple Holdings, Tilray Brands, Canoo, Burlington Stores, Applied Optoelectronics, Nikola Corporation, Roku, Lavoro Limited, Snowflake, and Marvell Technology all recording losses. Factors contributing to the decline include mixed quarterly results, lowered sales guidance, and quality issues.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 3:18 pm

BBWI

FIVE

LULU

Retail stocks are experiencing a downturn following recent weak earnings reports in the sector.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 3:18 pm

SNOW

Snowflake Inc reported better-than-expected Q2 earnings with a 36% YoY increase in revenue to $674.02 million, beating the consensus estimate of $662.24 million. The company also reported quarterly earnings of 25 cents per share, surpassing analyst estimates of 10 cents per share. Despite the positive results, Snowflake shares fell 5% to trade at $147.80. Post-earnings, several analysts revised their price targets on Snowflake.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 3:16 pm

UUP

Ahead of the Fed’s Jackson Hole Symposium, market participants are increasing their bets on a potential rate hike. The implied probabilities of a November rate hike have reached 47%, according to current Fed futures prices. The U.S. dollar index (DXY), tracked by Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), is up 0.3%, reaching highs not seen since June 8, 2023. Investors are closely watching the remarks of Fed officials for any signs of policy changes.

Portfolio Pulse from Piero Cingari

August 24, 2023 | 3:13 pm

AMC

AMC Entertainment Holdings Inc. has announced a 10-for-1 reverse stock split, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 3:11 pm