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IDXX

IDEXX Laboratories (NASDAQ:IDXX) has significantly outperformed the market over the past 20 years, delivering an average annual return of 11.73%. A $100 investment in IDXX 20 years ago would be worth $939.70 today. The company's current market capitalization is $38.80 billion.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:30 pm

FN

Fabrinet (NYSE:FN) has significantly outperformed the market over the past decade, delivering an average annual return of 28.3%. A $1000 investment in FN 10 years ago would now be worth $11,790.21. The company's current market capitalization is $9.14 billion.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:30 pm

CURLF

IMCC

INCR

TCNNF

European cannabis companies are planning IPOs on Nasdaq, driven by potential regulatory changes in the US and Germany. Companies like Grow Group, Somai Pharmaceuticals, and Wellford Medical are eyeing Nasdaq listings. US companies Curaleaf and Trulieve could benefit from tax breaks if cannabis is rescheduled to Schedule III. IM Cannabis and InterCure are also poised for growth in the European market.

Portfolio Pulse from Nicolás Jose Rodriguez

July 18, 2024 | 7:25 pm

AVGO

Broadcom shares are trading higher following a report suggesting OpenAI is in talks with the company about developing a new chip.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 7:23 pm

AVGO

MSFT

OpenAI is in discussions with Broadcom to develop a new AI chip, potentially reducing its reliance on existing suppliers like NVIDIA. This move could impact the competitive landscape in the AI hardware market.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 7:22 pm

PYPL

SQ

Block Inc (NYSE:SQ) announced that its Cash App will cease operations in the UK on September 15, leading to a drop in its stock price. The company is refocusing on the US market. Analyst Jason Kupferberg reiterated a Buy rating on Block with a price target of $82, noting that the company's focus on profitability and US growth could support its stock. Block's stock is down 5.32% following the announcement.

Portfolio Pulse from Anusuya Lahiri

July 18, 2024 | 7:18 pm

MCD

High-rolling investors have shown unusual options activity in McDonald's (NYSE:MCD), with a significant number of bullish positions. This could indicate privileged information. Analysts maintain a positive outlook with high price targets.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:16 pm

SMAR

Smartsheet shares are trading higher following a report suggesting the company is working with Qatalyst partners to field takeover interest.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 7:12 pm

HUT

WULF

TeraWulf Inc. (NASDAQ:WULF) and Hut 8 Corp. (NASDAQ:HUT) have shown impressive YTD returns of over 40% in the small-cap crypto mining sector. TeraWulf's stock is up 128% YTD, driven by debt elimination and sustainable energy initiatives. Hut 8 has gained 40% YTD, bolstered by strategic energy partnerships.

Portfolio Pulse from Surbhi Jain

July 18, 2024 | 7:06 pm

RDZN

Roadzen Inc (NASDAQ:RDZN) shares fell by 11.8% to $2.00 after the company announced a debt-to-equity exchange plan involving CEO Rohan Malhotra and entities associated with Chairman Steven Carlson. The exchange aims to simplify the balance sheet and support the company's AI-driven auto insurance platform.

Portfolio Pulse from Henry Khederian

July 18, 2024 | 7:05 pm