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JPM

JPMorgan Chase (NYSE:JPM) has delivered an average annual return of 12.45% over the past 10 years, outperforming the market by 2.15% annually. A $1000 investment in JPM 10 years ago would be worth $3,246.55 today, showcasing the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 7:01 pm

DKNG

FLUT

Jontay Porter, an NBA player, received a lifetime ban for betting on games and disclosing confidential health information, which influenced betting lines and outcomes. The investigation highlighted a specific game where Porter's disclosed health status led to a significant parlay bet on DraftKings Inc (NASDAQ:DKNG). This incident marks the first NBA player banned for gambling by Commissioner Adam Silver. DraftKings and Flutter Entertainment's FanDuel (NYSE:FLUT) were mentioned as platforms where betting spikes on Porter's performance were observed.

Portfolio Pulse from Chris Katje

April 18, 2024 | 7:00 pm

FCEL

FuelCell Energy (NYSE:FCEL) has seen a decrease in short interest, now at 19.71% of float, down 6.14% since the last report. With 88.75 million shares sold short, it would take about 8.89 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards FCEL, potentially signaling a more bullish outlook compared to its peers, where the average short interest is 12.69%.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 7:00 pm

CCI

Crown Castle (NYSE:CCI) received mixed analyst ratings in the latest quarter, with a shift towards a more cautious outlook. Four analysts provided ratings, with one bullish and three indifferent. The average 12-month price target was adjusted to $113.75, down from $115.25, reflecting a slight negative sentiment. Analysts from Jefferies, BMO Capital, Scotiabank, and RBC Capital adjusted their price targets and ratings, indicating a nuanced view of Crown Castle's market performance and financial health. Despite a market capitalization above industry average, Crown Castle faces challenges with a -5.1% revenue decline and below-average net margin, though it maintains a strong ROE.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 7:00 pm

WEX

WEX Inc. (NYSE:WEX) has seen a 5.67% increase in its short percent of float since the last report, with 843 thousand shares sold short, representing 2.05% of its available shares for trading. It would take about 4.68 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards WEX, although it has less short interest compared to its peers, with an average of 5.04% in the peer group.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 7:00 pm

SSD

Simpson Manufacturing Co (NYSE:SSD) has seen a decrease in short interest, now at 2.92% of its float, down 3.31% from the last report. With 820,000 shares sold short, it would take about 4.49 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards SSD among investors. Compared to its peers, SSD has a lower short interest percentage, with the average for its peer group at 3.86%.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 7:00 pm

IXN

MSFT

VGT

Analysts from Citigroup and BofA Securities have reiterated their positive outlook on Microsoft Corp (NASDAQ:MSFT), citing strong growth trends in Azure and AI services. Citigroup's analyst Tyler Radke maintained a Buy rating but slightly lowered the price target from $480 to $475, while BofA's Brad Sills expects a healthy upside to revenue estimates, particularly from Azure and M365. Microsoft's strategic emphasis on AI and cloud services is expected to drive strong future performance, with the stock gaining over 40% in the last 12 months. Investors can also gain exposure to Microsoft through IShares Global Tech ETF (NYSE:IXN) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 6:56 pm

XPON

Expion360 shares are trading higher following the announcement of preorders for its Group 27 and GC2 batteries.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:56 pm

AGBA

DHI

LAC

NRXP

SPCB

THCH

U.S. stocks traded lower with the NASDAQ down 0.5%. D.R. Horton reported better-than-expected Q2 results. AGBA surged 130% after a merger agreement with Triller. 23andMe rose 41% on private take-over considerations. TH International reported increased Q4 results. SuperCom, Lithium Americas, and NRx Pharmaceuticals saw significant drops after financial announcements.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 6:54 pm

SPY

VGK

The Pentagon has announced its readiness to respond swiftly if aid for Ukraine is approved, indicating a potential increase in defense spending and support for Ukraine amidst ongoing conflicts. This development could impact related US-listed ETFs such as SPY and VGK, reflecting broader market and European regional responses.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:44 pm