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SNPS

Over the past 5 years, Synopsys (NASDAQ:SNPS) has delivered an average annual return of 36.81%, outperforming the market by 24.53% annually. With a current market capitalization of $85.44 billion, a $1000 investment in SNPS 5 years ago would be worth $4,758.36 today.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 6:00 pm

NUE

Over the past 20 years, Nucor (NYSE:NUE) has produced an average annual return of 13.43%, outperforming the market by 5.47% on an annualized basis. A $1000 investment in NUE 20 years ago would be worth $12,137.36 today, showcasing the impact of compounded returns over time. Nucor's current market capitalization stands at $47.50 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 6:00 pm

NTIC

Northern Technologies International shares surged following the announcement of Q2 adjusted EPS results that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:56 pm

GL

Trading of Globe Life Inc. shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:54 pm

CHK

EQT

ETRN

RRC

SWN

Scotiabank analyst Cameron Bean upgraded EQT Corporation to Sector Outperform and raised its price target to $52, citing the expected benefits from its acquisition of Equitrans Midstream Corporation. Bean downgraded Range Resources Corporation and Southwestern Energy Company to Sector Perform, adjusting their price targets due to various factors including production profiles and mergers. The analysis reflects expectations of volatile North American gas prices, influenced by U.S. production volumes and new LNG export facilities.

Portfolio Pulse from Lekha Gupta

April 11, 2024 | 5:53 pm

PG

Deep-pocketed investors are showing a bearish sentiment towards Procter & Gamble (NYSE:PG), with options activity indicating a divided mood: 33% bullish and 66% bearish. The trading suggests a price target range of $145.0 to $180.0 for PG over the next three months. The largest trades include both calls and puts, with significant amounts invested. Procter & Gamble, a leading consumer product manufacturer, is currently trading at $157.85, with an earnings announcement expected in 8 days. Analysts, including one from Deutsche Bank, maintain a Buy rating with a target price of $172.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:46 pm

RTX

Recent options trading activity indicates a bullish sentiment towards RTX (NYSE:RTX), with a significant portion of trades being calls over puts. Investors are targeting a price range of $85.0 to $135.0 for RTX in the coming months. Notable trades include both bullish calls and puts, with expectations for price movements within specific strike prices. RTX, a major aerospace and defense company, has seen its stock price slightly decrease by -0.32% to $101.03, with analysts giving mixed but generally positive ratings and target prices ranging from $105 to $120. The company's next earnings report is expected in 12 days.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:46 pm

ELVN

Enliven Therapeutics Inc (NASDAQ:ELVN) released Phase 1 clinical trial data for ELVN-001, a kinase inhibitor targeting BCR-ABL gene fusion in CML patients. The trial showed a 44% major molecular response rate at 12 weeks, with no significant toxicities, supporting once-daily dosing. ELVN shares surged 23.60% to $24.50.

Portfolio Pulse from Vandana Singh

April 11, 2024 | 5:44 pm

GOOG

META

BofA Securities analyst Justin Post has reiterated a Buy rating on Meta Platforms, Inc. (NASDAQ:META) with a forecast of $550, citing the significant role of AI/ML integrations in boosting usage and ad spending in 2024. These integrations are expected to enhance content engagement, ad creative generation, campaign optimization, ad measurement, and back-end campaign cost savings for advertisers. Meta's focus on AI improvements and the upcoming release of LLAMA3 models are highlighted as key drivers. The analyst also notes Meta's competitive advantage over most online ad companies, including Alphabet Inc. (NASDAQ:GOOG), due to its compute infrastructure, LLM, and user data. However, there's speculation about investment shifts from the Metaverse to AI. LLAMA3, with 140 billion parameters, is anticipated to rival leading LLMs like GPT4.

Portfolio Pulse from Nabaparna Bhattacharya

April 11, 2024 | 5:43 pm

XMRUSD

Kraken, a leading cryptocurrency exchange, announced it will delist Monero (XMR) for customers in Ireland and Belgium due to upcoming EU Anti Money Laundering Regulation. Trading and deposits of XMR will cease on May 10, with withdrawals stopping on June 10, leading to automatic conversion of any remaining XMR to bitcoin. This follows similar actions by Binance and OKX, reflecting increasing regulatory pressures on privacy coins.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 5:43 pm