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CDNS

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 10 years, producing an average annual return of 30.8%. A $1000 investment in CDNS 10 years ago would be worth $14,726.09 today.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 6:01 pm

BIIB

Biogen (NASDAQ:BIIB) has outperformed the market over the past 15 years, producing an average annual return of 11.87%. A $1000 investment in BIIB 15 years ago would be worth $5,474.01 today.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 6:00 pm

ETHUSD

A total of 11,216.90 Ether (ETH) worth $20,416,214 was burned from Ethereum transactions on Thursday. This follows the implementation of the EIP-1159 upgrade on August 5th, which changed the fee model and introduced a variable base fee that is burned, lowering the supply of Ether.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 6:00 pm

BHG

EVG

IONM

PEAK

On Friday, 63 companies hit new 52-week lows, with Healthpeak Properties being the largest by market cap and Assure Hldgs the smallest. Bright Health Gr's stock fell the most, while Eaton Vance Short's shares had the biggest turnaround.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 5:59 pm

WEN

Argus Research analyst John Staszak upgraded Wendy's Co (NASDAQ:WEN) to Buy from Hold with a price target of $26. He is bullish on the company's store expansion, international growth, digital business investment, and breakfast service focus. However, he also sees competitive pressure, commodity inflation, and higher labor and utility costs as concerns.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 5:55 pm

BABA

Analysts re-rated Alibaba (NYSE:BABA) after the company shared its IPO plans for the Cloud division and posted upbeat Q4 results. However, the competition in Commerce & Cloud and the major reorganization are expected to weigh on the stock in the short term before driving value creation in the mid and long term.

Portfolio Pulse from Anusuya Lahiri

May 19, 2023 | 5:51 pm

SHOP

A whale has taken a bearish stance on Shopify (NYSE: SHOP) with 72% of detected unusual options trades being bearish. The price of SHOP is down 1.28% at $60.07. Analysts have mixed ratings on the stock, with price targets ranging from $45 to $80.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 5:46 pm

PYPL

A recent analysis of unusual options activity reveals that 70% of investors have taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with whales targeting a price range of $40 to $100 over the last 3 months. The current price of PYPL is down 0.7% at $60.84, and RSI indicators suggest a neutral position.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 5:45 pm

DLTR

Telsey Advisory analyst Joseph Feldman reiterated an outperform rating on Dollar Tree Inc (NASDAQ:DLTR) with a price target of $165. The analyst expects solid demand, inflation, and structural changes to boost the company's Q1 earnings, which will be reported on May 25.

Portfolio Pulse from Shivani Kumaresan

May 19, 2023 | 5:45 pm

FL

KSS

Foot Locker reported a disappointing Q1 2023 with EPS down 56% YoY to $0.70, missing the FactSet consensus of $0.76. The company lowered its 2023 guidance and announced the appointment of Mike Baughn as CFO, effective June 12.

Portfolio Pulse from Shivani Kumaresan

May 19, 2023 | 5:40 pm