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PHM

PulteGroup (NYSE:PHM) has significantly outperformed the market over the past decade, with an annualized return of 22.6%. A $1000 investment in PHM 10 years ago would now be worth $7,808.08, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 3:31 pm

DFS

Discover Financial Services (NYSE:DFS) has significantly outperformed the market over the past 15 years, with an annualized return of 16.3%. A $100 investment in DFS 15 years ago would be worth $998.22 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 3:30 pm

GM

LAC

LITP

Lithium Americas Corp. shares surged after announcing a joint venture with General Motors for the Thacker Pass lithium project. GM will invest $625 million, acquiring a 38% stake, and has a conditional $2.3 billion DOE loan. This marks a significant step in establishing a domestic supply chain for critical minerals.

Portfolio Pulse from Lekha Gupta

October 16, 2024 | 3:29 pm

AIQ

AVEM

BABA

BIDU

NVDA

Alibaba and Baidu are investing in Horizon Robotics' $700M IPO, highlighting their confidence in the autonomous driving market. The funds will primarily support R&D. Alibaba's cloud unit is collaborating with Nvidia to enhance autonomous driving tech.

Portfolio Pulse from Anusuya Lahiri

October 16, 2024 | 3:27 pm

GSK

WVE

Wave Life Sciences Ltd. (NASDAQ:WVE) announced a breakthrough in RNA editing with proof-of-mechanism data from its Phase 1b/2a study of WVE-006 for alpha-1 antitrypsin deficiency. The stock surged 74.4% following the news. GSK plc (NYSE:GSK) holds the exclusive global license for WVE-006 and will take over development after the study's completion.

Portfolio Pulse from Vandana Singh

October 16, 2024 | 3:19 pm

OKTA

Okta's CEO appeared on CNBC to discuss new product releases, which could impact the company's market position and stock performance.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:18 pm

V

The options market indicates a bearish sentiment towards Visa (NYSE:V), with 63% of big-money traders taking a bearish stance. The trading activity suggests a focus on a price range between $277.5 and $300.0. Visa's stock is currently trading at $284.02, up by 1.69%, with a neutral RSI. The anticipated earnings release is in 13 days.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 3:16 pm

ULTA

Ulta Beauty has seen significant bearish options activity, with 54% of trades showing bearish tendencies. The stock is currently down 3.95% at $354.89, and analysts have mixed ratings with an average target price of $412.25. Notable options trades include both puts and calls, indicating varied investor sentiment.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 3:16 pm

BA

UAL

United Airlines CEO expressed confidence in the shared commitment between picket line workers and management to improve Boeing. He supports Boeing's decision to sell equity as a beneficial long-term strategy, despite potential short-term market reactions.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:11 pm

SAIH

SAIHEAT Limited shares have been halted to the upside after experiencing a significant increase of 75.03%.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:10 pm