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MRVL

Marvell Tech (NASDAQ:MRVL) has significantly outperformed the market over the past decade, with an annualized return of 17.17%. A $100 investment in MRVL 10 years ago would now be worth $487.51, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 2:00 pm

SPY

The Richmond Manufacturing Shipments index for August improved to -15 from -21 in the previous period, indicating a less severe contraction in manufacturing shipments.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 2:00 pm

SPY

The Richmond Manufacturing Index for August reported a value of -19, which is lower than the estimated -14 and the previous month's -17. This indicates a further contraction in manufacturing activity in the Richmond area.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:59 pm

SPY

The Richmond Services Index for August has dropped to -11 from a previous value of 5, indicating a significant decline in service sector activity in the Richmond area.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:59 pm

SITM

SiTime shares fell after Barclays downgraded the stock from Equal-Weight to Underweight.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:59 pm

BABA

PDD

PDD Holdings Inc. (NASDAQ:PDD) shares fell nearly 30% after announcing potential short-term profit sacrifices to stay competitive. Despite strong revenue growth, market concerns arose due to a slowdown in growth rate and warnings of future challenges. The company plans to invest in supply chain efficiency and merchant support, impacting future profits.

Portfolio Pulse from The Bamboo Works

August 27, 2024 | 1:57 pm

MU

TSM

VGT

VTV

Micron Technology is considering acquiring two AUO Corp facilities in Taiwan, following Taiwan Semiconductor's recent acquisition of a plant from Innolux. Micron's stock has gained 52% in the last year, and analysts have a positive outlook with a 12-month price target of $168.56. Investors can gain exposure through Vanguard ETFs.

Portfolio Pulse from Anusuya Lahiri

August 27, 2024 | 1:55 pm

MELI

MercadoLibre Inc. (MELI) experienced a 1.5% increase following a TradePulse Power Inflow alert, indicating a shift from net selling to buying. This suggests rising investor confidence and potential for an uptrend in MELI's stock.

Portfolio Pulse from Finit

August 27, 2024 | 1:55 pm

LFCR

Lifecore Biomedical's shares are experiencing a decline following the release of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:54 pm

LITB

LightInTheBox shares are experiencing an increase in trading activity following the announcement of a new chairman of the board.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:53 pm