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Major stock indexes declined following the Federal Reserve's decision to leave interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:08 pm

CMCSA

Over the past 15 years, Comcast (NASDAQ:CMCSA) has produced an average annual return of 13.58%, outperforming the market. A $100 investment in CMCSA 15 years ago would be worth $659.53 today. The company's current market capitalization is $187.69 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:06 pm

SPY

The Federal Open Market Committee (FOMC) has observed that inflation has eased over the past year but remains at an elevated level. This assessment may influence the FOMC's future interest rate decisions, which are closely watched by investors as they can affect the overall market and specific asset classes.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:04 pm

SPY

The Federal Open Market Committee (FOMC) has reiterated its strong commitment to bringing inflation back to its 2% target. This statement underscores the FOMC's ongoing focus on inflation control, which may involve continuing the current trend of interest rate hikes to manage economic growth and price stability.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:04 pm

TIAUSD

Cryptocurrency Celestia (TIA) experienced a 7.68% price drop over the past 24 hours, contrasting with a 6.0% gain over the past week. The trading volume decreased by 32.0%, while the circulating supply increased by 1.69%, bringing it to 161.21 million. Celestia's market cap is ranked #34 at $2.73 billion.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:02 pm

ATOM-USD

Cosmos Hub's cryptocurrency, ATOM, has experienced a 3.54% price decrease over the past 24 hours, falling to $9.25. This continues a downward trend from the past week where it remained at $9.25. Despite the price drop, trading volume has increased by 74.0%, and the circulating supply has risen by 0.5%, now at 383.77 million. ATOM's market cap is currently ranked #26, valued at $3.55 billion.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:02 pm

CORZ

Compass Point analyst Chase White has upgraded Core Scientific (CORZ) from Neutral to Buy and increased the price target from $1 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:02 pm

SXC

SunCoke Energy (NYSE:SXC) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with an estimated EPS of $0.13. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, SXC's stock price has shown varied reactions to earnings reports, with a 1.68% increase after a miss last quarter. Over the last year, SXC shares have risen by 14.18%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:02 pm

ONEW

OneWater Marine (NASDAQ:ONEW) is expected to release its quarterly earnings report on February 1, 2024, with an estimated EPS of $-0.27. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, ONEW's stock price has shown varied reactions to earnings reports, with a 2.07% increase after a miss last quarter. The stock is currently trading at $25.49, down 14.88% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:01 pm

GOOGL

META

Alphabet Inc (NASDAQ:GOOGL) reported Q4 revenue growth of 13% to $86.31 billion, surpassing estimates. EPS at $1.64 also beat expectations. KeyBanc and Needham analysts maintained positive ratings with price targets of $165 and $160, respectively, citing strong Cloud growth and AI breakthroughs. However, higher-than-expected capex raised concerns, potentially tempering short-term enthusiasm. William Blair maintained an Outperform rating despite noting higher capex and disappointing ad growth. GOOGL shares fell 6.20% following the report. The average 1-year price target for Alphabet is $163.83, with bullish sentiment prevailing among analysts.

Portfolio Pulse from Anusuya Lahiri

January 31, 2024 | 7:01 pm