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PYPL

In the past three months, 15 analysts have provided ratings for PayPal Holdings (NASDAQ:PYPL), with a mix of bullish and indifferent sentiments. Recent evaluations show an upward trend in price targets, with the average target now at $72.13, reflecting an 11.33% increase from the previous average. Analysts have raised their ratings and price targets, indicating positive sentiment towards PayPal's future performance.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 6:00 pm

BOOT

Boot Barn Holdings (NYSE:BOOT) has significantly outperformed the market over the past 5 years, delivering an average annual return of 32.95%. A $1000 investment in BOOT 5 years ago would now be worth $4,257.27. The company's current market capitalization is $3.47 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 6:00 pm

Antero Resources (NYSE:AR) has significantly outperformed the market over the past 5 years, delivering an average annual return of 37.82%. A $1000 investment in AR stock 5 years ago would be worth $5,232.84 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 6:00 pm

BBY

BIRK

BURL

CRDO

CRM

DIA

GLD

HPQ

HRL

IWM

KSS

NTNX

OKTA

PATH

PSTG

QQQ

SPY

TAN

TLT

XLK

XLRE

Wall Street saw a decline in major large-cap indices due to downturns in tech and communication services sectors. Investors shifted focus to small caps, real estate, and solar stocks. The second estimate of Q1 GDP growth was revised down to 1.3%. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average fell, while the iShares Russell 2000 ETF and iShares 20+ Year Treasury Bond ETF rose. Salesforce plummeted 20% after missing revenue expectations, while HP Inc. rose 19% on strong results. Other notable movers included Kohl Corp., Dollar General, Best Buy, Hormel Foods, Burlington Stores, Birkenstock, Agilent Technologies, Pure Storage, Okta, Nutanix, Ui Path, and Credo Technology.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 5:57 pm

NIO

Nio Inc. (NYSE:NIO) shares surged on Thursday following the announcement of a partnership with IM Motors to integrate their charging networks. This move is part of Nio's strategy to expand its charging infrastructure in China. Investors are also anticipating Nio's earnings report next week.

Portfolio Pulse from Vaishali Prayag

May 30, 2024 | 5:56 pm

SPY

Federal Reserve's Goolsbee stated that housing inflation remains elevated compared to pre-COVID levels, making it challenging to achieve the 2% inflation target unless it declines. However, he remains optimistic about a future slowdown.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:54 pm

SPY

Federal Reserve's Goolsbee stated that the Fed is not aiming to return price levels to their previous state as it would require deflation. This indicates a focus on managing inflation without drastic measures that could harm the economy.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:53 pm

TSLA

Elon Musk clarified on X that there have been no discussions about a role for him in a potential Trump presidency.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:53 pm

SPY

Fed's Goolsbee highlights a potential trade-off between inflation and unemployment, emphasizing the importance of maintaining a 2% inflation target. This comes amid a strong post-COVID job market recovery, although some industries and regions are still struggling.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:52 pm

TSLA

TSLL

TSLS

Tesla is seeking final approval from the Chinese government to deploy Full Self-Driving (FSD) cars in China. The rollout will start with employee vehicles and, if successful, expand to customers. This move could boost Tesla's sales and pressure other EV startups. Tesla's FSD software will be available for a one-time purchase or a monthly subscription. The company aims to collect more data to develop true FSD and eventually launch a global robotaxi service. Direxion offers ETFs for both bullish and bearish investors on Tesla.

Portfolio Pulse from Johnny Rice

May 30, 2024 | 5:51 pm