Streetbeat News

Stock Prices

QCOM

Qualcomm (NASDAQ:QCOM) has outperformed the market over the past 5 years with an average annual return of 15.6%, resulting in a $1000 investment growing to $2,144.95. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 4:00 pm

MMM

3M shares rose as JP Morgan maintained an Overweight rating and increased its price target from $160 to $165.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 3:59 pm

BABA

Chinese fund manager Zhang Kun has made Alibaba Group Holding a key part of his portfolio, driven by recent economic measures in China and Alibaba's strong stock performance. Zhang's E Fund Blue Chip Selected Mixed Fund now holds 9.1% in Alibaba shares, reflecting confidence in the tech giant ahead of its upcoming earnings report and Singles Day event.

Portfolio Pulse from Anusuya Lahiri

October 28, 2024 | 3:57 pm

XPEV

XPeng, Inc. (NYSE:XPEV) shares are rising after its affiliate, XPENG AEROHT, announced the construction of a flying car manufacturing facility in Guangzhou, China. The facility will focus on producing the air module for the Land Aircraft Carrier, a modular flying car. The plant will emphasize in-house technology development, quality control, and sustainability.

Portfolio Pulse from Dylan Berman

October 28, 2024 | 3:54 pm

NUVL

NVCT

SMMT

A new report highlights the potential of Nuvectis Pharma's NXP900 in non-small cell lung cancer (NSCLC) and anticipates upcoming data on NXP800. This positions Nuvectis among precision oncology leaders like Nuvalent and Summit Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 3:51 pm

SSNC

SS&C Technologies Holdings Inc. (NASDAQ:SSNC) saw a 1.91% increase in share price to $71.38, despite a 4.24% decrease over the past month. The stock has risen 40.28% over the past year. Its P/E ratio of 25.1 is higher than the industry average of 21.57, suggesting potential overvaluation.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 3:45 pm

DJT

Trump Media & Technology Group (NASDAQ:DJT) is experiencing a significant stock rally driven by speculation about Donald Trump's potential return to the White House. Despite lacking strong financial fundamentals, the company's valuation has soared, reflecting its status as a political proxy and meme stock. Analysts suggest the stock's future is heavily tied to the election outcome.

Portfolio Pulse from Anusuya Lahiri

October 28, 2024 | 3:43 pm

RUN

Sunrun Inc (NASDAQ:RUN) shares are rising due to reports of potential collaborations to supply solar power to data centers. This comes amid increasing energy demands from big tech companies driven by AI advancements. Sunrun's CEO mentioned ongoing discussions but withheld details due to non-disclosure agreements. The company is set to report Q3 results on Nov. 7, with investors keen on updates regarding these potential deals.

Portfolio Pulse from Adam Eckert

October 28, 2024 | 3:37 pm

BTCUSD

Matthew Sigel from VanEck predicts a bullish setup for Bitcoin as the U.S. election approaches, driven by macroeconomic factors and political dynamics. Bitcoin's price could surge if Trump wins, with projections reaching up to $80,000 post-election.

Portfolio Pulse from Murtuza Merchant

October 28, 2024 | 3:37 pm

AAPL

NVDA

VTI

VUG

Nvidia is expanding its AI presence in India through partnerships with major tech companies and scaling data centers, reflecting its geographical diversification amid U.S. semiconductor embargoes. Nvidia's stock has surged due to high demand for AI chips, briefly surpassing Apple's market cap.

Portfolio Pulse from Anusuya Lahiri

October 28, 2024 | 3:34 pm