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ARVR

CLOU

Zoom Video Communications, Inc. (NASDAQ:ZM) has launched new add-on products to enhance its enterprise offerings, focusing on security, bandwidth optimization, and compliance. These enhancements are aimed at large organizations and regulated industries. Zoom's shares rose by 1.31% following the announcement. The company also partnered with Mitel to offer a hybrid cloud solution. Investors can access Zoom's stock through ETFs like Global X Cloud Computing ETF (NASDAQ:CLOU) and First Trust Indxx Metaverse ETF (NASDAQ:ARVR).

Portfolio Pulse from Lekha Gupta

September 24, 2024 | 5:34 pm

SHIBUSD

Shiba Inu (SHIB) has seen an 8% price increase over the past week, driven by a significant surge in burn rates and whale transactions. The burn rate increased by 7,168%, with major transactions burning millions of SHIB coins. Marketing lead Lucie hinted at a new project, fueling speculation. Additionally, Robinhood's SHIB holdings have increased, and large transaction volumes have risen significantly.

Portfolio Pulse from Khyathi Dalal

September 24, 2024 | 5:33 pm

MCK

McKesson Corporation (NYSE:MCK) is currently oversold and has reached a potential support level, suggesting a possible rally. Historically, MCK has bounced back after falling below the Bollinger Band, indicating a reversion to the mean. The $472 level, previously a resistance, may now act as support.

Portfolio Pulse from Mark Putrino

September 24, 2024 | 5:32 pm

BRO

Brown & Brown (NYSE:BRO) has outperformed the market over the past 5 years with an average annual return of 23.27%, surpassing the market by 9.29% annually. A $1000 investment in BRO 5 years ago would now be worth $2,867.56.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 5:30 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has significantly outperformed the market over the past decade, with an annualized return of 17.5%. A $1000 investment in TMO 10 years ago would now be worth $5,003.28, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 5:30 pm

GPN

Global Payments shares declined after the company announced at an investor conference that its FY25 EPS growth would be below estimates, and it anticipates 2025 to be a transition year.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:29 pm

DWAC

Trump Media & Technology Group shares are experiencing an uptick as Donald Trump holds a campaign event in Georgia, discussing topics like the tax code and inflation.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:22 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) has launched its operations in the UK by establishing Canoo Technologies UK Limited and setting up an Activation Center at Bicester Motion. This move is part of Canoo's global expansion strategy, aiming to enhance its commercial operations and align with the UK's zero-emissions goals. The Activation Center will allow customers to experience Canoo's right-hand drive commercial electric vans.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 5:22 pm

FCX

FXI

NIO

NVDA

PDD

QQQ

SCCO

TME

XLB

XPEV

Tech stocks and materials sector rallied on Tuesday, driven by China's stimulus measures. The Nasdaq 100 outperformed, with Nvidia surging nearly 4%. Chinese equities and related ETFs saw significant gains, while the U.S. dollar weakened. Commodities like copper and silver also rose.

Portfolio Pulse from Piero Cingari

September 24, 2024 | 5:20 pm

LRCX

Whales are showing a bullish stance on Lam Research (NASDAQ:LRCX) with 57% of recent options trades being bullish. The stock is currently trading at $792.74, with analysts setting price targets between $774 and $1150. The company is a major player in semiconductor wafer fabrication equipment.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 5:16 pm