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Stock Prices

LRCX

Lam Research (NASDAQ:LRCX) has significantly outperformed the market over the past 15 years, with an annualized return of 24.88%. A $100 investment in LRCX 15 years ago would now be worth $2,744.80. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:30 pm

VSEC

VSE Corporation (NASDAQ:VSEC) has significantly outperformed the market over the past 20 years, with an annualized return of 20.47%. A $1000 investment in VSEC 20 years ago would now be worth $43,564.69. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:30 pm

DB

Deutsche Bank AG (NYSE:DB) shares are trading higher due to progress in settling litigation over the Postbank takeover. The bank has reached agreements with over 80 plaintiffs, including Elliott Investment Management, which will receive €200 million. These settlements will positively impact Deutsche Bank's pre-tax profit by about €430 million in Q3.

Portfolio Pulse from Lekha Gupta

August 23, 2024 | 2:29 pm

GLD

IWM

SPY

TLT

Federal Reserve Chair Jerome Powell indicated that interest rate cuts are on the horizon, as inflation appears to be on a sustainable path back to 2%. Powell emphasized that the timing and pace of rate cuts will depend on incoming data. The labor market is cooling, with job gains decelerating and unemployment rising due to an increased supply of workers. Market reactions included a rise in Treasury bond prices, a drop in the dollar, and increases in gold and stock prices.

Portfolio Pulse from Piero Cingari

August 23, 2024 | 2:27 pm

FAMI

Farmmi's stock is declining following the announcement of a $1 million registered direct offering of 3,433,167 shares.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:26 pm

APDN

Applied DNA Sciences shares rose following the submission of validation studies to the New York State Department of Health.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:24 pm

DIA

IWM

QQQ

SPY

Major indexes are trading higher following Fed Chair Powell's optimistic economic outlook and hints at future rate cuts. Additionally, July's New Home Sales data exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:24 pm

BILI

CAVA

ROKU

WDAY

CAVA Group reported strong Q2 results, beating earnings and sales estimates, leading to a 17% stock price increase. Other stocks like Bilibili, Workday, and Roku also saw gains due to upgrades and positive earnings.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 2:22 pm

EQNR

GINX

KEAT

Equinor ASA shares rose after the company canceled its plans to invest in Vietnam's offshore wind sector due to regulatory delays. This decision marks the first time Equinor has closed an international office for offshore wind development. Equinor also recently shut down the Gullfaks C platform in the North Sea due to a well control incident. Despite these challenges, Equinor's second-quarter revenue exceeded expectations, although its EPS slightly missed. Investors can access Equinor through ETFs like SGI Enhanced Global Income ETF and Keating Active ETF.

Portfolio Pulse from Lekha Gupta

August 23, 2024 | 2:22 pm

NUWE

Nuwellis shares declined following the announcement of a $916K direct offering of 496,901 shares at $1.8450 per share.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:22 pm