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Stock Prices

CAT

Major stock indexes have declined after the release of economic data, with Caterpillar's share weakness contributing to the Dow's downturn. Investors are in anticipation of the Federal Reserve's upcoming decision.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:11 pm

PP

TSLA

VCR

BofA Securities analyst John Murphy reiterated a Buy rating on Tesla Inc (NASDAQ:TSLA) with a $220 price target, citing breakthroughs in China, including approval to launch Full Self-Driving (FSD) technology, as key near-term catalysts. The approval could significantly boost Tesla's revenue and margins in China, the world's largest automotive market. Murphy estimates that FSD could add around $0.5 billion in annual revenue with a gross margin over 70%, potentially increasing to $2.3 billion in annual earnings by 2030. Despite competition, these developments could enhance Tesla's market position in China.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 7:09 pm

WBTCUSD

Wrapped Bitcoin (WBTC) experienced a 4.23% price decrease over the last 24 hours, marking a -10.0% change over the past week, with its price now at $60,251.00. Despite the price drop, trading volume for WBTC has increased by 57.0% over the same period. The circulating supply remains unchanged at 155 thousand, representing 100% of its max supply. WBTC's market cap ranking is currently #15, valued at $9.35 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 7:03 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) reported Q1 2024 results with a 26% year-on-year revenue increase to $580.648 million, surpassing expectations. EPS was $0.02, beating the consensus of $0.01. Despite this, concerns over weakening credit quality and its impact on fair value marks, along with potential challenges in achieving 20% tech revenue growth guidance for FY24, have led to a decrease in SOFI shares by 4% to $6.76. Wedbush analyst David J. Chiaverini reiterated an Underperform rating with a $4 forecast, while Mizuho analyst Dan Dolev maintained a Buy rating with a $12 forecast.

Portfolio Pulse from Nabaparna Bhattacharya

April 30, 2024 | 7:03 pm

LTCUSD

Litecoin (CRYPTO: LTC) experienced a 5.6% price decrease over the last 24 hours, marking a continuation of its 7.0% decline over the past week. The current price is $78.4, down from $84.92. Despite this drop, trading volume for Litecoin has increased by 27.0% over the past week, and its circulating supply has slightly decreased by 0.25%, now representing 88.67% of its max supply. Litecoin's market cap ranking is currently #22, with a valuation of $5.84 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 7:02 pm

HBARUSD

Hedera (CRYPTO: HBAR) has seen a significant price drop of over 10% in the last 24 hours, continuing a negative trend with a 24% loss over the past week. The trading volume for HBAR has decreased by 42%, while its circulating supply increased slightly. Despite these changes, Hedera's market cap ranking remains at #30 with a valuation of $3.28 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 7:02 pm

XRPUSD

XRP has experienced a 3.68% decrease in price over the last 24 hours, reaching $0.50, with a weekly decline of 10.0% from $0.55. The trading volume for XRP has decreased by 24.0% over the past week, while the circulating supply has increased by 0.24% to 55.24 billion, representing 55.24% of its maximum supply. XRP's market cap is currently ranked #8 at $27.43 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 7:01 pm

BAC

Bank of America (NYSE:BAC) has received mixed analyst ratings over the past three months, with a shift towards more bullish sentiments in the last 30 days. The average 12-month price target for BAC has increased to $40.62, up 4.15% from $39.00. Analysts from firms including Oppenheimer, Wolfe Research, and UBS have adjusted their price targets and ratings, reflecting a nuanced view of BAC's market position and financial performance. BAC's revenue growth outperforms sector averages, but its ROE and ROA lag behind, indicating potential challenges in capital utilization and asset performance.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 7:00 pm

CSL

Carlisle Companies (NYSE:CSL) has delivered an average annual return of 16.78% over the past 10 years, outperforming the market by 6.31%. A $100 investment in CSL a decade ago would be worth $472 today. The company's market capitalization stands at $18.90 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 7:00 pm

DKS

Over the past 5 years, Dick's Sporting Goods (NYSE:DKS) has significantly outperformed the market, with an annualized return of 29.44% and an average annual return of 40.97%. An investment of $1000 in DKS five years ago would now be worth $5,503.98, showcasing the impact of compounded returns on investment growth. The company currently holds a market capitalization of $16.95 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 7:00 pm