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GWW

Over the past 10 years, W.W. Grainger (NYSE:GWW) has outperformed the market with an annualized return of 14.89%, turning a $100 investment into $391.14 today. The company's market capitalization stands at $48.63 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 4:00 pm

ASAN

Asana (NYSE:ASAN) is scheduled to release its quarterly earnings report on March 11, 2024, with analysts expecting an EPS of $-0.10. The company's past earnings performance shows a pattern of beating EPS estimates but experiencing significant share price volatility post-announcement. Shares are currently trading at $18.66, down 5.74% over the last year. Investors are looking for positive guidance for the next quarter, which could significantly impact the stock's short-term movement.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 4:00 pm

IVZ

Invesco (NYSE:IVZ) has been the subject of 13 analyst ratings over the last three months, showing a shift towards a more neutral stance with 9 indifferent ratings recently. Analysts have adjusted their price targets, reflecting a slight optimism with an average 12-month target of $17.67, up from $17.07. Despite these adjustments, Invesco faces financial challenges, including a revenue decline of -2.08% as of December 31, 2023, and below-average profitability metrics such as a net margin of -52.52% and ROE of -6.8%. The company's market capitalization and financial performance indicators suggest it is lagging behind industry benchmarks.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 4:00 pm

BSX

Over the past decade, Boston Scientific (NYSE:BSX) has delivered an average annual return of 18.15%, outperforming the market by 7.33% annually. A $1000 investment in BSX 10 years ago would now be worth $5,244.95, showcasing the impact of compounded returns on investment growth. Boston Scientific currently holds a market capitalization of $99.32 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 4:00 pm

ETHUSD

Ethereum (ETH) reached the $4,000 mark, driven by a decrease in supply on exchanges, whale accumulation, and a rise in staking. Data shows a 20-month low in ETH balances on exchanges and an increase in wallets holding over $100,000 worth of ETH. Over $31.58 million ETH is now staked on Beacon Chain, representing 26.3% of the total supply. The popularity of liquid staking solutions and bullish sentiment in the derivatives market also support the rally. The potential approval of a spot Ethereum ETF could further boost ETH's price.

Portfolio Pulse from Murtuza Merchant

March 08, 2024 | 3:59 pm

AMD

Advanced Micro Devices (AMD) shares are trading higher following an upgrade by Melius Research, which maintained a Buy rating and increased the price target from $192 to $265. The rise in AMD's stock is also attributed to the general strength observed in the semiconductor sector.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:56 pm

DOGEUSD

PEPEUSD

SHIBUSD

WIFUSD

Dogwifhat (CRYPTO: WIF) has seen a remarkable surge, with its price increasing by 32% in a day, 118% weekly, and nearly 1,200% monthly, reaching new all-time highs and outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). A developer's early sale of WIF missed out on potential gains of $700 million. Dogwifhat now ranks third among meme coins by market cap, recently surpassing the $2 mark and achieving a $2.3 billion valuation. It aims to reach Pepe's (CRYPTO: PEPE) $3.5 billion valuation next.

Portfolio Pulse from Khyathi Dalal

March 08, 2024 | 3:56 pm

SMH

SNAP

SPY

Market indexes saw gains after the release of February jobs data, with semiconductor stocks continuing their upward trend. Snap Inc. shares also experienced a rise following the US House Committee's approval of a bill aimed at cracking down on TikTok.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:55 pm

NET

Cloudflare, Inc. (NYSE:NET) shares are rising due to the company's announcement of aggressive investment plans in the Middle East, including a new office in Dubai Internet City and team expansions. This move comes after observing a significant increase in Internet usage and cyber threats in the region during Q4 2023. Cloudflare's efforts in the Middle East since 2015 aim to enhance regional infrastructure, partnerships, and customer success.

Portfolio Pulse from Nabaparna Bhattacharya

March 08, 2024 | 3:54 pm

BTCUSD

IBIT

Bitcoin (BTC) has surpassed the $70,000 mark, setting a new all-time high and reflecting increased acceptance and resilience amidst economic uncertainties. Factors contributing to this surge include institutional investment, mainstream adoption, and the introduction of Bitcoin ETFs like BlackRock's IBIT. Experts predict continued growth, driven by capital inflows into ETFs, upcoming legislation on stablecoins, and the anticipated Bitcoin halving in 2024.

Portfolio Pulse from Murtuza Merchant

March 08, 2024 | 3:48 pm