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GLD

SLV

Gold and silver prices have increased as the US dollar weakened following comments from Fed Chair Powell, who stated that the next policy rate move is unlikely to be a rate hike. This has implications for assets related to gold and silver.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:10 pm

DLTR

Dollar Tree Inc (NASDAQ:DLTR) shares rose 1.6% to $120.11 following a rating upgrade from KeyBanc Capital Markets' analyst Bradley Thomas, who moved the stock from Sector Weight to Overweight with a price target of $150. The upgrade is based on the 'R.I.B.S. Framework', suggesting potential acceleration in fundamentals and the possibility of divesting or turning around the Family Dollar banner within the next two to three years.

Portfolio Pulse from Priya Nigam

May 01, 2024 | 7:04 pm

DIS

DKNG

FWONA

FWONK

NFLX

RACE

Formula 1, owned by Liberty Formula One (FWONA, FWONK), halted a Trump fundraiser at the Miami Grand Prix, citing a violation of their suite license agreement. The event's cancellation and the connection to Miami Dolphins owner Stephen Ross, who also owns the Grand Prix, spotlight the race's significance. Ferrari (RACE) unveiled a special car design for the event, celebrating its 70th anniversary in North America. The race, airing on ABC and ESPN+ owned by Disney (DIS), is expected to draw significant viewership. DraftKings (DKNG) lists Max Verstappen as the favorite to win. The growth of Formula 1 in the U.S., partly attributed to Netflix (NFLX), enhances the value of related assets.

Portfolio Pulse from Chris Katje

May 01, 2024 | 7:04 pm

FILUSD

Cryptocurrency Filecoin (FIL) saw a price increase of 3.57% in the last 24 hours to $5.74, despite a weekly trend showing a 10% decrease from $6.12. The coin's all-time high is $236.84. Trading volume for FIL has risen by 7% over the past week, and its circulating supply has grown by 0.52% to 546.51 million, representing 27.88% of its max supply of 1.96 billion. Filecoin's market cap ranks it 34th at $3.13 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:03 pm

XLMUSD

Stellar's cryptocurrency (XLM) has seen a 4.26% increase in price over the last 24 hours, reaching $0.11, despite a 5% decrease over the past week from $0.12. The coin's all-time high was $0.88. Trading volume has slightly decreased, while the circulating supply has grown to 28.90 billion, 57.8% of its max supply. Stellar's market cap ranks it 33rd at $3.19 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:02 pm

RNDRUSD

Render's cryptocurrency (RNDR) has seen a 9.54% increase in price over the last 24 hours, reaching $7.79, despite a 9.0% decrease over the past week from $8.66. The coin's all-time high is $13.53. Trading volume has risen by 9.0% in the past week, and the circulating supply has increased by 0.5% to over 386.97 million, which is 72.73% of its max supply of 532.07 million. RNDR's current market cap ranking is #36 at $3.02 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:02 pm

TAP

Analysts have diverse views on Molson Coors Beverage (NYSE:TAP), with 12 recent evaluations ranging from bullish to bearish. The average 12-month price target is $64.17, down 2.24% from previous estimates. Analyst actions include both downgrades and upgrades, reflecting changing market conditions and company performance. Molson Coors, known for brands like Miller and Coors, shows a positive revenue trend with a 6.13% growth rate but faces challenges in profitability and asset utilization. The company's financial health is marked by a low debt-to-equity ratio, indicating conservative financial management.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:01 pm

DIA

IWM

QQQ

QQQM

SPY

Major stock indexes rose after the Federal Reserve decided to leave interest rates unchanged. Fed Chair Powell indicated that the next policy move is unlikely to be a rate hike, suggesting a potentially dovish stance on future monetary policy.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:01 pm

ENTG

Entegris (NASDAQ:ENTG) has received mixed analyst ratings over the past three months, with 11 analysts offering evaluations. The ratings range from bullish to indifferent, with no bearish sentiments. The average 12-month price target for ENTG is $146.82, marking a significant increase from the previous target of $121.38. Analysts from firms like Needham, Mizuho, Citigroup, BMO Capital, Keybanc, Craig-Hallum, Goldman Sachs, and UBS have adjusted their ratings and price targets, reflecting various perspectives on the company's performance and market position. Entegris, a supplier of materials and process solutions for high-technology industries, has seen a revenue decline of -14.14% over the last three months but maintains a strong net margin of 4.68%. However, its market capitalization, ROE, ROA, and high debt-to-equity ratio indicate potential financial challenges.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:01 pm

EOG

$100 invested in EOG Resources (NYSE:EOG) 20 years ago would now be worth $971.20, showcasing an average annual return of 12.22% and outperforming the market by 4.23% annually. EOG's current market capitalization stands at $75.26 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:00 pm