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Stock Prices

JPM

Over the past 10 years, JPMorgan Chase (NYSE:JPM) has produced an average annual return of 13.98%, outperforming the market by 3.23% on an annualized basis. A $1000 investment in JPM 10 years ago would be worth $3,691.65 today. JPMorgan Chase currently has a market capitalization of $570.97 billion.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 5:30 pm

RPHM

Reneo Pharmaceuticals, Inc. (NASDAQ:RPHM) shares fell after initially rising due to the announcement of a proposed all-stock merger with OnKure, Inc. The merged entity, to be named OnKure Therapeutics, will focus on advancing OnKure's oncology products. Reneo also entered into a $65 million PIPE agreement with several institutional investors. Post-merger, Reneo and OnKure stockholders will own approximately 31% and 69% of the combined company, respectively. The merger is subject to stockholder approval and other conditions, with completion expected later this year.

Portfolio Pulse from Dylan Berman

May 13, 2024 | 5:25 pm

KHC

Kraft Heinz is reportedly considering the sale of its Oscar Mayer brand, with potential valuations ranging between $3 billion to $5 billion, according to the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:18 pm

VITL

DA Davidson analyst Brian Holland maintains a Buy rating on Vital Farms (NASDAQ:VITL) and raises the price target from $28 to $45.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:07 pm

TGLS

DA Davidson analyst Brent Thielman has maintained a Buy rating on Tecnoglass (TGLS) and increased the price target from $50 to $60.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:05 pm

AMZN

GME

RETL

TGT

WMT

Direxion Daily Retail Bull 3X Shares (RETL) experienced a surge of about 10% on Monday, influenced by the significant rise in GameStop Corporation (GME) stock, which jumped about 65%. This movement is attributed to Keith Gill's reappearance on social media. RETL, which includes a 1.2% weighting of GME among other retail stocks, offers traders and investors a diversified option to capitalize on GameStop's momentum. RETL is a triple-leveraged ETF aiming to outperform the S&P Retail Select Industry Index by 300%, including holdings like Amazon.com, Inc (AMZN), Target Corp (TGT), and Walmart, Inc (WMT).

Portfolio Pulse from Melanie Schaffer

May 13, 2024 | 5:03 pm

BLK

Anthony Scaramucci, founder of SkyBridge Capital and former Trump ally, predicts Bitcoin will reach $150,000, citing its current asset composition in SkyBridge and recent ETF adoptions by firms like Blackrock Inc (BLK). He compares the current crypto environment to the early internet era, expecting Bitcoin's user base to expand significantly. Scaramucci's bullish stance is reinforced by his firm's resilience through various market downturns and the FTX collapse. He also mentions his upcoming book detailing his experiences.

Portfolio Pulse from Aaron Bry

May 13, 2024 | 5:02 pm

GOOG

GOOGL

Ahead of Google I/O, BofA analyst Justin Post maintains a Buy rating on Alphabet (GOOG, GOOGL) with a $200 price target, anticipating significant AI announcements. The event will showcase AI integration across Google's ecosystem, including search and mobile technologies. Post expects new features and capabilities powered by Gemini and SGE, highlighting AI's role in enhancing Google's app ecosystem, search results, and mobile capabilities. Despite recent hardware launches, AI-driven features and potential new announcements, like the Pixie digital assistant, are in focus. The event could also spotlight Android 15 and other platform enhancements, amid Google's AI advancements and negotiations with Apple for a Gemini licensing deal.

Portfolio Pulse from Anusuya Lahiri

May 13, 2024 | 5:01 pm

AKTS

BNED

GME

SRG

Akoustis Technologies shares fell by around 18% due to weak quarterly results, missing both earnings and sales estimates. Other stocks moved significantly in Monday's mid-day session, with notable gainers including GameStop, KOSS Corp, and CareCloud, among others, while losers included Barnes & Noble Education and Seritage Growth Properties.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 5:01 pm

BRX

Brixmor Property Group (NYSE:BRX) has received mixed analyst ratings in the past three months, with a slight negative shift in sentiment as evidenced by a 0.2% decrease in the average price target to $25.2. Analysts from JP Morgan, Goldman Sachs, Truist Securities, Jefferies, and Mizuho have adjusted their ratings and price targets, reflecting a nuanced view of the company's performance and market position. Brixmor, a real estate investment trust, shows solid financial indicators such as a 27.7% net margin and a 3.11% return on equity, outperforming industry averages despite a market capitalization below the industry average and revenue growth lagging behind peers.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 5:01 pm